Submit an eight to ten page paper (not including the title page and reference page) on the topic listed below, incorporating at least five peer-reviewed journal articles as references in addition to the textbook: The impact of globalization.Focus of the Final PaperDesign a global business or organization, outside of the U.S. (i.e. export/import, franchising or outsourcing business)Define and describe the key characteristics of an effective global business or organization as distinct from a local business or organization.Propose a strategic plan that addresses the following:Initial planningMarket, country, legal, and economic researchOutline the development of the structureHiring, production, management, and salesEvaluate at least four challenges and advantages and/or opportunities and threats (e.g. cross-cultural, foreign currency, legal).Suggest recommendations for improvement by specifically referencing evidence learned from this course and scholarly research.Present how you could personally apply strategies and competencies needed to be an effective global business manager.Writing the Final PaperMust be eight to ten double-spaced pages in length (not including title and references pages) and formatted according to Must include a separate title page with the following:Title of the Final PaperStudent’s nameCourse name and numberInstructor’s nameDate submittedMust use at least five scholarly sources in addition to the course textMust begin with an introductory paragraph that has a succinct thesis statement.Must address the topic of the paper with critical thought.Must end with a conclusion that reaffirms your thesis.Must use at least five scholarly sources.Must document all sources in APA style Must include a separate references page that is formatted according to APA style

After you complete the readings, please answer the following questions on this discussion board.Explain what is meant by the phrase “Best practice or best fit?”What do you regard as the most pressing questions HRM should tackle? Why do you see them as most urgent?Online discussion on why “Context” is important.