Assignment- Challenges of reliable information for international decision making
Length: 1500 Words.
Description
The Philippines is one of the larger emerging and developing market economies EDME, which provide some of the biggest growth opportunities for international businesses. However, decision making in such markets is fraught with risk and much of this risk stems from poor quality of information upon which decisions are made. Enhancing the quality of such market information is therefore of paramount importance to the business manager.
Obtaining and collecting market information in EDMEs like the Philippines poses significant challenges for companies. This assignment requires you to select three of these generic challenges and discuss them in relation to the Philippines. For each you must briefly describe the challenge; consider the risk it poses to effective decision making; and suggest ways that the risk might be reduced or overcome.
Purpose
The assignment will:
• Get you thinking about a contemporary and growing concern for managerial decision making relating to EDMEs - specifically the Philippines.
• Develop your understanding of decision-making risks and the barriers to reliable market information.
• Require you to critically evaluate the implications of these barriers and determine ways to overcome them.
• Help develop skills in desk research (library and Internet search), collating, presenting and interpreting information, as well as the ESSENTIAL SKILL of accurate referencing.
• Develop your skill in writing concisely and to the point.
Assignment tasks
EDMEs such as Philippines present the international business manager with many potential barriers to obtaining reliable and accurate market information. These include:
• Availability and reliability of secondary information
• Availability and reliability of primary research suppliers
• Selecting appropriate data collection methodologies
• Research costs variations
...AND a host of related macro and environmental differences relating to:
• Political and legislative issues
• Basic infrastructure
• Cultural differences
• Social and market structure differences
• Communication and technology difficulties
• Accessibility
In this assignment you are must first choose three potential challenges relating to gathering market information and conducting market research in the Philippines. For each you should describe the challenge; consider the risk it poses to effective decision making; and suggest ways that the manager might overcome the challenge and reduce this risk.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.