Assignment
IB Plan: Part 1: Feasibility Study
Creating a simple international business plan is an integral part of this course, and working collaboratively within an effective team is a cornerstone of any successful business operation. Begin this project by reviewing the International Business Plan documents in the Course Project folder located within the Course Information page. Although you will be working collaboratively in a virtual team environment to create your business plan, the first part of your project involves independent research. In units 2-5 you will work collaboratively on the remaining segments of this business plan.
Part 1 of your course project will be an individual assignment. In this forum, you will conduct a brief "feasibility" study that involves an overview of a product that may work for this business plan. For this international business plan, you will assume that your organization will be opening a branch business operation in a country other than the USA.
Requirements
Imagine you work as a manager for a USA based company. You and other managers understand that globalization encompasses more than simply operating as a multinational company. Globalization, as relative to international business, involves worldwide markets and production activities.
1.Identify and describe a business and a product that you think you could either market outside the USA or produce outside of the USA.
2.Create an overview (outline) of the business plan (that you think you could develop).
3.Reference the nation or country that you would involve for marketing and/or production.
4.Include a very brief SWOT analysis.
5.Please be sure to cite your sources. You are required to utilize at least two scholarly sources.
When you reply to your classmates, assume that you will be on the same team! Evaluate their information. Is their idea feasible for development?
At the end of this week, you will be assigned to a team. Your team will work collaboratively to create a simple international business plan that follows the outline provided in the Course Project information.
When you start your team work in Unit 2, you will have an excellent starting point! You will have a lot of information upon which to base your selection and decision. Your team will determine the best course of action, the most feasible product and the country/nation upon which to base your team's international business plan.