University of California Principles of International Business Discussion

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kvnbkvnbyv0202

Business Finance

University of California Irvine

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My assigned country is: Poland !!!

Discussion #2

Your Assignment:

Assume that you will be traveling (on an intermediate-term job assignment) to your assigned country in 6 months, and will be living and working there for 3 years. If you have a family, you are all expected to relocate there for 3 years.

Your assignment is:

  1. Country: [list your assigned country]
  2. What types of challenges do you expect that you and your family will face? (you will probably face all 10 that I listed below) and what can you do, prior to your trip, to prepare for this experience? [Give us details that address (by name) at least 3 of the issues mentioned below. Give a separate strong paragraph for each issue. Have fun with this one ... you have 6 months to prepare]
    *Note: A paragraph is considered strong if it contains a minimum of 125 words.

As a hint (and as a former expatriate myself) here are some issues for which you may need to prepare:

    1. Security (safety, privacy)
    2. Healthcare (insurance, medical facilities, prescriptions, dental, etc.)
    3. Acclimate to Local Customs (cultural shock)
    4. Financial Issues (getting paid in local currency, cost of living adjustments, etc.)
    5. Family/Vacation Leaves (time off, ability to travel freely, etc.)
    6. Housing (differences in types of housing regarding sqft, amenities, etc.)
    7. U.S. Affairs from Afar (extended family care, pets, if homeowner [renting out your home], etc.)
    8. Visa & Permits (restrictions beyond entry - specialized certifications, permission to travel freely, etc.)
    9. Everyday Life – Quality of Life (transportation, general standard of living, social systems, etc.)
    10. Education (level of education available, "red tape" and timing deadlines to get enrolled, residence requirements, etc.)

Just a note: For our assignments please be sure to provide sufficient detail - a paragraph is considered strong if it contains a minimum of 125 words. Scores are computed using this grading rubric:

Unformatted Attachment Preview

Grading Rubric: Worth up to 40 points Grading Rubric for Assignment Elements Point Scores Element Score 14 10 A Country was listed Country was not listed Country Listed Element Score 12 8 14 1] Issue 1 Strong paragraph Semi-strong paragraph Paragraph describing describing an issue describing an issue (from an issue (from the 10 (from the 10 given). the 10 given). Details given). Has less than 75 Details regarding regarding challenges words. challenges faced were faced were provided. Has provided. Has minimum of 75 words. minimum of 125 words. 2] Issue 2 Strong paragraph Semi-strong paragraph Paragraph describing describing an issue describing an issue (from an issue (from the 10 (from the 10 given). the 10 given). Details given). Has less than 75 Details regarding regarding challenges words. challenges faced were faced were provided. Has 3] Issue 3 Strong paragraph Semi-strong paragraph Paragraph describing describing an issue describing an issue (from an issue (from the 10 (from the 10 given). the 10 given). Details given). Has less than 75 Details regarding regarding challenges words. challenges faced were faced were provided. Has provided. Has minimum of 75 words. minimum of 125 words. Hello everyone, Since no one has yet posted for this assignment, I will give you an example of a previous post that scored full points, along with some brief analysis... 1. Country: Hong Kong 2. A. Acclimate to Local Customs: There is a long list of things I could mention here. For one, building are built up to be very tall and include many stories rather than built out as many one story buildings. This is done because Hong Kong has limited space in which construction can actually occur for its population size. Another interesting thing is that there is a large amount of English influence, which is a bit unexpected for a country that is so different from our own. (even if it was a British colony at one point) Most signs have both English and Chinese written on them, which makes English the main secondary language of the area. You will also find a large number of stores and restaurants that you can find in the U.S. Such as McDonalds and seven eleven. This part is a bit more expected in concept because we know that McDonalds is this huge mega company that spans the entire world essentially, but what will throw you for a loop is that the menu has some unexpected things on it. At Kentucky Fried Chicken for example, you can order chicken with a side of not onion rings, but squid rings. This is presumably because squid is more popular in Hong Kong than the U.S. so it became a familiar food item that sold well. Speaking of weird food, food and beverages that we are familiar with are also considerably different in Hong Kong. The energy drink Gatorade is something we know as a very sweet drink. In Hong Kong, it is not very sweet at all. This is because the U.S. has had big movements in the part involving the removal and additions of fat and sugars to food, so we became used to making food taste much sweeter, saltier, and fattier than what other countries would typically have. They do still have foods that are somewhat familiar thanks to British influence, such They do still have foods that are somewhat familiar thanks to British influence, such as British teas and pastries, but even these are slightly different than what you would find in the U.S. or UK. You can apparently still find certain food items made to be close to the way that they are served in countries outside of Hong Kong due to Hong Kong's background as a tourist attraction spot, you just have to know where to look. Other than food something that is also a bit shocking is the amount of time spent underground. Because of how crowded the cities in Hong Kong are, many passage ways are built underground and are frequently used when above ground paths are overcrowded during rush-hour traffic. One last thing I'll mention since I could go on for pages and pages about culture shock, is that there are designated exercise areas that are always filled with people working out. This is again, because all of Hong Kong essentially consists of city life, everyone has to leave their hotels and go out to parks to get proper exercise. This may be something that is more common in city life in general, not just Hong Kong, but it was something that came as a shock to me as I have always lived in places surrounded by nature. 3. B. Housing: Hong Kong is an island country. For many years, it was one of the British colonies, and as such the territory was separated from China. Because of this, Hong Kong was unable to develop upon Chinese territory, so most of their construction projects took place upon their tiny island. Yet even as the population of Hong Kong increased, they still needed large plots of land for agriculture and nature conservation. Nature conservation was particularly important, as unlike the U.S. having such a small amount of land meant that any amount of pollution in one area, would directly affect and become wide-spread to other parts of Hong Kong. "What does this have to do with housing?" you may ask. Well as was mentioned before, Hong Kong needs lots of land for things other than housing, yet the population still gradually increased over a period of several years. Because of this, homes are built unshared spaces rather than outward individual spaces. In the is population still gradually increased over a period of several years. Because of this, homes are built up shared spaces rather than outward individual spaces. In the U.S. we are used to seeing suburban neighborhoods where many one-story houses are lined up next to each other. These homes often come with yards and garages of varying sizes. The concept of building up in the U.S. is something that we only correlate with apartments and Cities so for some it may be a bit of an awkward change. I in particular can't stand city life, and so I would either have to make a large investment to get one of the very few individual homes (which are very expensive), or I would simply have buckle down and get used to the new lifestyle. What could help me make the transition would be to do research on how to get proper exercise, practice music, etc. within an apartment life. 4. C. U.S. Affairs from Afar: As Hong Kong is quite far away from the U.S. I will definitely have to figure out how to keep my old contacts running while I am halfway across the world. Friends, family, colleagues, teachers, and anyone else that I hope to keep in touch with will have to work out some sort of long-distance communication with me, especially if I have any intention of going back to visit them. If I intend to keep my old home in the U.S. I will have to first figure out how to pay for any taxes or funds that may incur while I am away. I will also need someone to keep the place up while I am gone. Renting out the home is a good solution for both problems, however there is a bit of a risk that comes with renting out a home, such and potential damage that could be incurred to the home by current residents, the ability for the new residents to pay for rent, and how I would enforce rent payment when I am no longer in the county. My basic understanding is that there are some banks that operate internationally, and I can have a third party be hired to enforce rent and manage the care for the home, although that does cost money as well so it may not be worth it to keep two homes at once. As for keeping up with communication, there is always phone calls, email, and zoom like apps.
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Running head: DISCUSSION POST

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Principles of International Business Discussion

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DISCUSSION POST

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Principles of International Business Discussion

1. Country: Poland
2. A. Acclimate to Local Customs: The first issue is cultural shock and how my family and I will
acclimate to local customs. Language is one challenge that we will have to face in terms of culture.
Polish is the official language in Poland, and since we are only used to speaking English, we will
have to learn at least basic polish phrases before relocating to the country. Poles usually appreciate
efforts made by one to learn their language; therefore, besides the local respect that we will earn,
learning basic polish phrases will as well enable m...


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