Successful Domestic Company Goes Globa

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wbina01

Business Finance

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Imagine that you are the CEO of a successful domestic company. In the last 6 months, many potential clients in foreign countries have expressed a desire to conduct business with you. You know that in order for your company to grow, you will have to expand overseas. You have recently attended a local three (3)-day international trade exposition and have gathered many brochures on the foreign companies interested in doing business with your company.

After meeting with the Executive Committee of your successful domestic company, you decide that you will need to identify a minimum of two (2) countries for expansion and two (2) expatriates whom you will send into the chosen countries. The selected expatriates will learn about the countries’ cultures and business activities there. You must prepare a report for the potential employees who may want to take an overseas assignment, the Executive Committee, and the Board of Directors.

Use the Internet to research possible countries for expansion. Next, conduct research on leveraging expatriates over country nationals for business overseas. Finally, research books that could help expatriates in their transition to working overseas.

Note: You may create and / or assume all necessary assumptions needed for the completion of this assignment.

Write an eight to ten (8-10) page paper in which you:

  • Create a guide to leveraging expatriates. The guide should include four to six (4-6) sources that address benefits and challenges of sending expatriates to other countries.
  • Examine the major benefits that this report can provide for the organization, and suggest two (2) uses for the information contained therein. Justify your response.
  • Analyze the major factors (e.g., distance, cultural background, knowledge of the related countries, languages spoken, relatives who may live in another country, etc.) that would influence your choice of countries into which your company would expand. Recommend two (2) countries for expansion. Provide a rationale for your response.
  • Determine three (3) criteria that you would consider when deciding which employees to send abroad. Justify your response.
  • Propose the major methods and / or incentives you would use in order to encourage the selected employees to become expatriates. Provide a rationale for your response.
  • Recommend one (1) strategy to ensure that both the Executive Committee and the Board of Directors are committed to the expansions. Justify your response.
  • Recommend two (2) books that the selected expatriates should take with them when they go overseas. Provide a rationale for your response.
  • Outline a guide for expatriates who will reside within another country for one to two (1-2) years. The related guide should cover the following topics: selecting items to pack, accommodating a vehicle (i.e., leave behind or send overseas), shipping or selling furniture, moving pets, and arranging accommodations for children and / or family residing in another country for the discussed length of time.
  • Develop a framework for your presentation. The framework should include the following:
    1. Relevant visuals
    2. Statistics that support the decision to expand into the identified countries
    3. A feasibility study of your company’s proposed expansion to the countries in question
    4. Information related to renting or buying land or a building
    5. Any other information relevant to the case for expansion
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    Explanation & Answer

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    Running Head: Expatriates and Expansion

    1

    Expatriates and Expansion:
    Student’s Name:
    Course Title:
    University Affiliation:
    Date:

    Expatriates and Expansion

    2

    1. Guide to leverage expatriates
    Draw in the expatriates to leverage the experience and information before it's past the
    point of no return and expat begins getting apprehensions of working with another organization.
    Expatriate dependably demand the position and acknowledgment, which workers seek after as a
    vocation improvement. Generally, the Expatriate are overlooked by administration and are just a
    piece of HR administration representative book, which after fulfillment of residency makes
    worker trust they are new to the place, and the association neglects to leverage expatriates. It's
    ideal to maintain a strategic distance from such carelessness and effectively take an interest with
    expatriates; consequently, they will control the organization in regards to the worldwide market,
    new patterns, new customers and market. Leveraging expatriates gives entire new point of view
    to the administration and with the experience which accompanies expat, an organization can
    develop universally.
    Benefits and challenges of sending expatriates in different nations
    The significant advantage of having expats is the organization has its future pioneers and
    directors, yet the challenge is holding the expat after the worldwide presentation. The
    organization puts resources into the representatives, and more often than not organization
    confronts the issue of holding the workers and leveraging their experience to achieve new
    statures.
    The case study by Mr. Dark recommend that the turnover rate of expatriates is more than
    the household supervisors, and 10% - 20% of the administrators send to another country return
    early on account of occupation fulfillment, which is the real challenge and inquiries the
    expatriates choice process.

    Expatriates and Expansion

    3

    2. Benefits of this report to the organization
    This report covers the advantages of having expatriates, and the approaches to use the
    information of expatriates. The report likewise traces the difficulties, which any association can
    consider to maintain a strategic distance from the obstacles during the time spent repatriating.
    The paper additionally covers the key focuses administration ought to consider amid the basic
    leadership procedure of choosing the nation of extension and the routes directorate can be
    affected to collaborate with the CEO.
    Use of data contained in this report:
    The data contained in this report can be utilized as a part of arranging the determination
    procedure of expatriates, which will enhance the productivity and result of putting resources into
    workers. The second utilization of data is it can be utilized to guide expatriates about the
    advantage of the open door given and different techniques of propelling the worker to migrate.
    3. Major factors for deciding the country of expansion
    The significant driving elements in the basic leadership of the nation of development are:
    1.

    Access to key information sources

    2.

    Suppliers

    3.

    Customers

    The organization ought to extend in the nations satisfying no less than two of the three
    critical variables. The primary component is access to key information sources which is the
    human capital relying on the business or innovation. The human capital can be the
    representatives giving the administration at the front end or working at the gathering unit
    (illustration: China – Apple Inc., as the greater part of the collecting units are situated in China).

    Expatriates and Expansion

    4

    Second pivotal factor in determining the nation for the expansion and development is the
    supplier, which will help with cost cutting and will give organization the energy of bargaining.
    supplier Company can decrease the generation cost and can give best quality items taking after
    the most recent patterns.
    The client base is as urgent as the rest two variables. Our organization has experienced a
    few open doors as potential customers in the worldwide market in most recent 6 months. An
    organization can either choose to set up itself among the buyer base or if need to build the edge
    ought to extend in the nation meeting the criteria of the initial two elements.
    The choice ought to likewise consider the elements of separation – shipping cost, social
    foundations – ethnic gatherings and comparability in culture. The nation ought to be well
    disposed, with less ethnic limits as it advances the solid relationship in the group and partners.
    My suggested two countries for expansion:
    I would suggest Thailand and India as a nation for extension in light of the fact that:
    Thailand advertise acts as an infiltration apparatus to enter the Asian market in view of its
    geological favorable position. The nation indirectly provides access to the market of 4 billion,
    including the adjacent market of Australia. The nation itself is encountering an expansion in
    buying power which is the reason worldwide brands are going into the nation at a quicker pace
    than any time in recent past. The nation additionally gives master speculation strategies to the
    organizations searching for setting up assembling units and nation is now notable for its
    exceptionally talented workforce. Nation additionally gives a stage of fare, in this manner I can
    state it's one of the best nation to venture into and particularly for the organizations who are
    investigating first time development encounter.

    Expatriates and Expansion

    5

    India is considered as new market of 10 years in light of the fact that India's economy is
    one of the quickest developing economies on the planet. The working class of India is a
    composite of 300 million individuals, which is more prominent than European Union market,
    and not just the buyer base the nation likewise offers second biggest work drive.
    4. Criteria to select employees for on-site/expatriate
    Choice procedure of expatriates is the most urgent stride for ...

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