Assignment
Learning Goals
1. To assess factors that create international business opportunities
2. To identify potential global business opportunities for various foreign markets
Purpose
Some organizations attempt to expand their international operations by seeking foreign markets appropriate for existing products and services. Other enterprises assess foreign business environments in an attempt to meet needs in those markets.
In this first section, you will conduct a preliminary assessment of geographic, economic, social-cultural, and political-legal factors that create global business opportunities in foreign markets. Also, you should consider how technology could create new foreign business opportunities by expanding possibilities for production, marketing, and distribution of goods and services.
Background
Global Business Opportunities
Potential foreign business opportunities may be viewed in two major categories:
A. Various country factors create international business opportunities. These include:
• Natural resources, agricultural products, or geographic factors (climate or terrain)
• Level of economic development and infrastructure
o Cultural characteristics, social activities, or demographic trends
o Changing political situations or legal factors
o Technology that may enhance production or distribution of an item
B. Existing companies attempting to expand into new markets around the world-Think about several possible global business opportunities that would be the basis for new or expanding international business operations. These business opportunities may be consumer goods or services; or organizational goods and services, sold to businesses, government agencies, nonprofit organizations, schools, hospitals, hotels, or other organizations.
Examples of global business opportunities include: processing of fresh fruit in Chile for distribution around the world; sale of water filtration systems in developing economies; sale of food products adapted to the tastes of different cultures; development of cellular telephone systems in countries with a weak communication infrastructure; and expansion of fast-food restaurants into countries with expanding economies.
Conduct Research
Collect data and information to use in formulating this aspect of your business plan by answering the following questions.
• POTENTIAL MARKETS
Discuss one or more of the global business opportunities from above in terms of:
(a) a specific product or service, including customer benefits; and
(b) a potential market-a country that would be appropriate for this business opportunity.
• ABSOLUTE AND COMPARATIVE ADVANTAGES
Analyze for the presence of an absolute or comparative advantage that might be related to a business opportunity in the country where the item will be produced or sold. Describe how this analysis might influence the success of your proposed business idea. (For example, the availability of natural resources can make a business opportunity cost efficient.)
• BUSINESS OPPORTUNITY ANALYSIS
Compare two or more proposed business opportunities based on factors such as foreign market potential, start-up costs, and foreign business risks. (For example, a proposal to construct new highways may be appropriate for a developing economy. However, the risks in this market are probably greater than in an industrialized nation.)
Prepare
In a Word document, prepare a summary report entitled: Global Business Opportunities consisting of the following components:
• Identify your chosen Global Business Opportunity (with a specific foreign market) for an existing company or a new enterprise. Provide evidence to support your proposal with the following information.
• An overview of geographic, economic, cultural, political, and technological factors that creates the proposed global business opportunity.
• A description of the potential market for this product or service.
This summary should be 2-3 pages in APA format and style. This is due Sunday of Week 2.
• Topic is Tesla
• Focus on the Geographicthis is the Initial work
• Provide an Overview and company profile (Intro), but the Focus is on the Geographicadvantages.disadvantages in this Area for Moving a portion of the Tesla Business/Company - Plant, etc to India, Mumbai preferably
• Could be the Auto and Roofing (Solar-Tile) business maybe speak to both
• No more than 2 pages
• Check spelling and Grammar.