IB concepts taught during the course will be applied on the project as the course proceeds. By the end of the course students will have a report of approx 15 pages and are required to present their plan to launch a new GLOBAL EXPANSION. Learning outcome: Keeping in view below learning outcome of the course, this project will enable students to better understand the requirements of International Business and ways in which International Business Managers act in a professional environment: 1. Identify the opportunities in the international market and analyze the environment correctly 2. The cultural, political, legal, financial and economic environment of International Business 3. Read and analyze international business reports to evaluate corporate problems and identify business opportunities in the global environment 4. Identify, research and propose strategies to enter a new market and develop international marketing plans 5. Apply effective interpersonal skills that are required to be a member of a winning international marketing team. Analyze the following: * Analyze how international expansion will add value to the company; * Assess the company’s internal capability for international expansion; * Suggest what market(s) it should enter and how; * Suggest which International strategy you will use to market your product or service * Identify possible challenges that may arise in the process of international expansion. What is required in the report: 1.Introduction (Company history and International operations) 2.Organizational predisposition 3.SWOT ANALYSIS on the basis of Michael Porter’s five forces model. 4.Corporate culture, Cultural Environment 5.Effect of culture on Strategic management 6.International political environment 7.Economic Integration 8. The effect of COVID 19 on IB (with respect to your chosen product) 9. Strategic Analysis on the basis of Porter’s Diamond Model (Theory of National Advantage). 10. International Strategy 11. Conclusion.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
IB concepts taught during the course will be applied on the project as the course proceeds. By the
end of the course students will have a report of approx 15 pages and are required to present their
plan to launch a new GLOBAL EXPANSION.
Learning outcome:
Keeping in view below learning outcome of the course, this project will enable students to better
understand the requirements of International Business and ways in which International Business
Managers act in a professional environment:
1. Identify the opportunities in the international market and analyze the environment correctly
2. The cultural, political, legal, financial and economic environment of International Business
3. Read and analyze international business reports to evaluate corporate problems and identify
business opportunities in the global environment
4. Identify, research and propose strategies to enter a new market and develop international
marketing plans
5. Apply effective interpersonal skills that are required to be a member of a winning international
marketing team.
Analyze the following:
* Analyze how international expansion will add value to the company;
* Assess the company’s internal capability for international expansion;
* Suggest what market(s) it should enter and how;
* Suggest which International strategy you will use to market your product or service
* Identify possible challenges that may arise in the process of international expansion.
What is required in the report:
1.Introduction (Company history and International operations)
2.Organizational predisposition
3.SWOT ANALYSIS on the basis of Michael Porter’s five forces model.
4.Corporate culture, Cultural Environment
5.Effect of culture on Strategic management
6.International political environment
7.Economic Integration
8. The effect of COVID 19 on IB (with respect to your chosen product)
9. Strategic Analysis on the basis of Porter’s Diamond Model (Theory of National
Advantage).
10. International Strategy
11. Conclusion.
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