Signature Assignment: Challenges of Expansion to a Foreign Location

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Question description

Purpose of Assignment

This week students will review and revise their Week 3 Research Analysis for Business Signature Assignment based on economic analysis and the feedback provided by their facilitator. Students will also expand their Week 3 analyses to evaluate the challenges of expanding their chosen company's production to a foreign market.

About Your Signature Assignment

This signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments might be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements.

Assignment Steps

Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.

Revise your Week 3 assignment, Research Analysis for Business, using the feedback provided by your facilitator. This Week 6 report should only include one conclusion, so you will need to rewrite the conclusion you included in your Week 3 assignment, Research Analysis for Business.

Select a foreign market in which to expand your chosen product. If you wish, you may use one of the countries your team analyzed in their Week 5 Comparative and Absolute Advantage Assignment.

Prepare a minimum1,750-word report addressing the points listed below. The use of tables and/or charts to display economic data over the time period discussed is highly encouraged, you may submit any economic data in Microsoft® Excel® format in a separate file. You may use the U.S. Department of Labor's Bureau of Labor Statistics (BLS), U.S. Dept. of Commerce's Bureau of Economic Analysis (BEA), the Federal Reserve of St. Louis's FRED data, the CIA World Fact Book, World Bank data, and World Trade Organization, or other appropriate sources you might find on the Internet or in the University Library. The new sections of your report should:

  • Evaluate current global economic conditions and their effects on macroeconomic indicators in your selected country. Provide forecasts for population growth, gross domestic product (GDP) growth, GDP per capita growth, export growth, and sales growth.
  • Evaluate any competitors' existing production in the chosen country.
  • Assess sales forecasts in the selected country by using the Federal Reserve of St. Louis's FRED data, the CIA World Fact Book, World Bank data, World Trade Organization, or other appropriate sources you might find on the Internet or in the University Library.
  • Categorize the type of economy that exists in your selected country as closed, mixed, or market. What is the difference between these types of economies and how might this affect your expansion?
  • Assess how your chosen country's current credit market conditions, especially interest rates and the availability of financing, affect demand for your product or service and your planning or operating decision for your production in that country.
  • Analyze the role of the selected country's central bank on that country's economy.
  • Compare the availability, education, and job skills of the work force in the selected country. Discuss any additional challenges of international production, such as political stability, availability of government financing or other incentives, threat of capital controls, and exchange rate risks.
  • Explain any additional supply chain challenges you anticipate if attempting to make your product in your chosen country and selling the product in other countries.
  • Based on the data gathered and analysis performed for this report write a conclusion in which you:
    • Create business strategies, including price and non-price strategies, based on your market structure to ensure the market share and potential market expansions and explore global opportunities for your business in a dynamic business environment and provide recommendations.
    • Develop a recommendation for how the firm can manage its future production by synthesizing the macroeconomic and microeconomic data presented.
    • Propose how the firm's position within the market and among its competitors will allow it to take your recommended action.
    • Recommend strategies for the firm to sustain its success going forward by evaluating the findings from demand trends, price elasticity, current stage of the business cycle, and government.
    • Recommend any comparative advantages your company will have over competitors currently operating in that country, and defend your position, either for or against, expanding your company's production into your chosen country based on your research.

Integrate with the Week 3 Individual Assignment, and incorporate corrections and suggestions from the instructor's feedback. The final report should be a minimum of 2,800 words.

Cite a minimum of three peer reviewed sources not including the textbook.

Include all peer-reviewed references and government economic data sources/references from Week 3.

Format your assignment consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

Tutor Answer

Chem97
School: University of Virginia

Here is your assignment together with excel data ;). If you have question or needs revisions let me know okay :)

Running head: COSTCO IN CHINA

1

Costco in China
Student Name
Professor Name
Course Name
July 19, 2017

COSTCO IN CHINA

2
Introduction

This paper will discuss the expansion of the Costco in the foreign market. China is the
foreign market that has selected. The paper will explore the different economic market
conditions of China. By 2018, China expects to be by far the largest retail market, and
inhabitants are most likely too high at 1.4 billion dollars with 2028. Incredibly, Costco at this
time doesn't have stores in China, yet a business expansion for the spot would likely profit the
firm in a significant number of ways. Costco is with Japan along with warehouse stores with
China, Korea as well as Taiwan.
Current Global Economic Conditions and Their Effects on Macroeconomic Indicators
This section will explore the current economic situation in the Chinese market. With
more than 1.3 zillion people today, China is by far the most populated country. When by far the
human population is about 6.7 zillion, China represents a full 20% connected with by far the
society, so one in every all five people today on earth is a homeowner connected with China.
China's total sperm count minute rates are 1.7, which means, on average, each girl provides birth
to be able to 1.7 small children throughout the woman life. Hidden complete sperm count fee for
a well balanced human population is 2.1; nevertheless, China's human population is anticipated
to expand more than the next few decades. The GDP in China has valued 11199.15 billion US
dollars in 2016. The GDP value of China represents 18.06 % around the global economy. China
is a member of the BRICS group that is basically a group of emerging market economies. It
involves Brazil, Russia, India, China, and South Africa.

COSTCO IN CHINA

3

Figure 1: GDP of Costco valuation (Gongloff, 2017)
These nations are vying for the FDI and attracting the MNCs to come and build the
manufacturing bases. It means that all these nations are competing with each other. Here,
China’s biggest competitor in India as India also boast the low-cost manpower with a huge
population of working class people besides being a top IT products exporter. Hence, China has to
be strong in delivering quality while machining the low price advantage as the key part of the
strategy to remain ahead of the other emerging market economies. (Wildau, Cadman, Yang, &
Kavanagh).
Gross Domestic Merchandise of China grew 1.3% inside the than the prior quarter. That
minute rates are 4-tenths of merely 1 % less than this physique connected with 1.7% published.
The actual year-on-year change in GDP was 6.9%, 1-tenth of merely one more than this 6.8%
documented in the fourth fraction connected with 2016. More powerful in comparison with
estimated economic advancement from China fixed an optimistic be aware of starting with for
investors.

COSTCO IN CHINA

4

China's ship advancement halved recently in dollars phrases as imports retarded markedly
more than expected. Exports grew eight percent 12 months on 12 months in dollars phrases in
August, slowing from the 16.4 percent improvement in March (World Bank).
Competitors
There will be hard competition for the Costco in China. Costco includes a knack suitable
for undertaking challenges in one other way and also doing business using the accomplishment
story. Costco's initial motivation to not ever enter China emanated by the fact a lot of the USB
ports are usually U.S. substitute, these types of as Wal-Mart, Residing Store, and Most useful.
Get, include fought inside the nation. They then couldn't precisely gauge the neighborhood
population's having layouts and also habits. The exact pattern presents Costco slack so that you
can comprehend the solutions the idea goals to provide next to anyone, also to verify designs in
all these for kings over styles affecting Asian kitchenware consumers. Many Costco's perhaps
most naturally opposing team, like Wal-Mart, France's Carrefour, and also Germany's City, has
already been managing in China for a lot of years. Retail price Sales in Chi...

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Anonymous
Thanks, good work

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