Assignment
Module Overview
• Assess the different factors that are critical to international versus domestic business.
Driven by a number of important forces including the elimination of previous barriers to trade and technological advances, the resulting gains in international trade have had an important impact on many features of countries across the world, including jobs, incomes, and cultures. This phenomenon, often called globalization, is an integral topic needing careful consideration in modern business environments.
"I define globalization as the inexorable integration of markets, transportation systems, and communication systems to a degree never witnessed before - in a way that is enabling corporations, countries, and individuals to reach around the world farther, faster, deeper, and cheaper than ever before, and ina way that is enabling the world to reach into corporations, countries, and individuals farther, faster, deeper, and cheaper than ever before" (Friedman, 2002, p. 3, from "Longitudes and Attitudes").
Today, it is more important than ever for a well-educated business professional to understand the possibilities for extending business into foreign markets. This module provides an examination of some basic concepts in international business. You will begin your course project in this module by selecting a country of choice to study. You will investigate the many dimensions of that country's international business environment such as economic conditions, financial system, cultural issues, and unique marketing considerations.
Module Readings and Assignment:
Complete the following readings early in the module:
• Module 1 online lectures
• From the textbook, International business: The challenges of globalization, 8th, please read the following: ?Globalization
Task
Globalization has been impacting business in a material way for the past 40 to 50 years. In recent years, this impact has been strengthening. Appreciating the impact of this trend and the driving forces is useful for today's business professionals.
Research the topic using your textbook, Argosy University online library resources, and the Internet. Respond to the following:
• How important would you characterize globalization for developing business professionals? Take a position and provide evidence.
• What do you believe is the single most important force driving globalization in business? Present an argument for your position as to the most important aspect and include a discussion of forces which you believe to be less important.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.