MGT 4478 Managing in a Global Environment Homework- Troy University
Section Two; Socio-cultural Analysis:
Your organization has reviewed your country study and has decided to go with your recommendation for their initial international expansion. A complete a socio-cultural analysis needs to be completed to determine the entry strategy, financing, human resource needs, suppliers, marketing, pricing and distribution, and organizational structure.
Homework Criteria:
Write a report (2 to 4 pages) outlining the socio-cultural factors and discuss any cross-cultural issuesthat will need to be considered, addressed and understood into for a successful international expansion.You need to use at leastthree outside sources to complete this homework. PLEASE remember to cite all your sources; proper citation of your sources is a requirement for this course.
Support all recommendations with sound reasoning and research.
Your report needs to include but not limited to:
I. Demographic Trends
i. Population growth
ii. Age structure & median age
iii. Life expectancy
iv. Literacy
II. Cultural Analysis
i. Language
ii. Customs and Norms
iii. Traditions
III. Social Institutions
i. Where does the country lie within Hofstede's dimensions
ii. Family structure
iii. Religious structure
iv. Labor organizations
IV. Informal Trade Barriers
i. Barriers that are created by social and cultural factors
ii. Communication styles
iii. Negotiating tactics
iv. Marketing concerns
v. Ethical concerns
a. Employment practices
b. Human rights
c. Business practices
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.