Proposal of Management of a Company

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Description

Proposal for a company named S-Cape (only section III [Management])

Entry Mode

Are direct sales the optimal market entry mode, or a joint venture, franchising, wholly owned subsidiary, or a partnership with the local distributors or retailers would be more effective? Or perhaps the product should be sold via large online retailing platforms, such as Amazon, Alibaba, or the like? If a partnership with a local distributor, retailer, or partner is advised, what companies would be the best candidates for such partnership (list at least three, with contacts, descriptions, and tips for how to approach them).

Logistics

What is the best way to ship the product to the new market? Should it be shipped directly to the end user, or first to a warehouse or distributor? What shipping option/provider allows for the best combination of price, time, and reliability? Are there import tariffs, custom duties, or other fees that the buyer or seller needs to pay and if so, how much and how such payments can be made?

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Private and Confidential. For X-Culture use only. Updated February 13, 2018 2018-1b Challenge Presented by: S-Cape, Ukraine, https://s-cape.com.ua/en Webinars:  Webinar 1, Company Introduction: Wed, Jan 24, 10 am EST Register for the webinar and get access link here  Webinar 2, Intermediate Feedback: Thu, Mar 8, 10 am EST Register for the webinar and get access link here Questions: If you have further questions, please direct them to Admin@X-Culture.org. Your questions will be directed to the company representatives. COMPANY DESCRIPTION They say a journey begins with the first step, but ours started with finding clothes for the journey. А few years ago we decided to create clothes. Our experience of nature walks, hikes, and trips around the world made us look for a perfect raincoat. It had to be comfortable, bright, and one that protects from the rain and wind. Unfortunately, we could not find one. In 2014, we created a mini collection of 20 raincoats and sold them through a Facebook page. Our audience on social networks grew rapidly. People showed a great interest in our raincoats. We realized that the demand for bright outerwear is there and would likely grow. And so S-cape was born. Our Mission S-cape is a brand of bright and technologically advanced raincoats and parkas for city life and travel. We want to inspire people to discover the world around them, no matter how bad the weather gets. The name The company was founded by two sisters Nataliia and Oksana Sventah. 1 The name S-Cape hides two secrets. First, "escape" - as an escape from bad weather or from the hassle of the city. Second, a reference to a cape, a traditional European raincoat. As for the headline "S", this is the first letter of the founders’ last name, Sventah. The moto Our S-cape motto is The Weather is Not an Obstacle for an Adventure. Travelling changes people. It provides currency that never falls in price - sincere and positive emotions. We want to convey the idea that while wearing our parka or raincoat in any weather, you can make a journey or go for a walk, or simply go about your business without being afraid of getting wet or cold. The product We begin developing a new collection about six months prior to the start of the new season. For example, we start working on our winter collection in May and we start working on our spring and summer collections around October. Each new collection is prepared based on the customers’ feedback on our earlier collections. We always value the opinion of our clients. Customer feedback and is what helps us improve our clothes. We believe that 50% of product success depends on the material used. That is why we work with the best fabric manufacturers. We usually order breathable membrane fabrics that are created specifically for us. We are very particular when it comes to the choice of the type of membrane, weave, and color. Many customers say that our parkas are very warm and light at the same time. It became possible thanks to insulation Climashield Apex 167 - a high-tech material, which is warmer than most synthetic insulation and down. Even after repeated washing, it stays warm and doesn’t change the way it looks. Climashield is a major supplier of insulation for sleeping bags, jackets, and pants for the US Army. It is used by such global brands as as The North Face, Arc'teryx, Marmot, Direct Alpine, and others. As for the accessories and yarns, we source them from Italy (Prym, 2M), Germany (AMANN), and Poland. Also, the Polish company Alpha Technology makes our zippers using German and British patents for the product. The journey a piece of clothes makes from a concept to a store shelve is long and thorny. We feel very proud when we see our completed product. Market S-cape raincoats and parkas as already sold in different countries around the world. Most of our orders come from the United States, Canada, the Netherlands, France, Germany, Italy, Portugal, Poland, Lithuania, and of course Ukraine. Pricing We are trying to position our products affordable and for the masses. This makes the product especially attractive for export. Production Our products are made in Ukraine. Part of the products are produced in-house; some production is outsourced to other factories in Ukraine. This allows us to control our production process, develop our production expertise and keep a tight control on the product quality. However, when needed, we can easily scale up our production volume and produce a much larger quantity in a short time using our partners’ production facilities. A combination of in-house production and outsourcing also allows us to keep our team leaner and more efficient and adjust better to fluctuations in demand. We can keep only a small number of employees on a permanent payroll. When a larger order is placed, we outsource the production to a much larger labor force of 2 our contractors. When the demand subsides, we do not have to go through the hassle of laying off employees. We simply do not place a new contract until another larger order comes our way. This flexibility allows our young company survive through the market fluctuations and growth pains. Distribution Most of our products are currently distributed and retailed through brick-and-mortar stores in several cities in Ukraine, as well as via our online stores and social networks. We are also selling our products via the Garderobas store chain in Lithuania (https://garderobas.eu) and, on a smaller scale, through various distributors and retailers in Poland, the Netherlands, Italy, France, Canada, U.S., and Germany. Our biggest challenge with exporting is the logistics and payments. While there appear to be a strong demand for our products, we are still working on developing the best system for affordable and efficient shipping and payments. Marketing Most of our advertisement is done via social networks, particularly Facebook and Instagram. We also present our products at the trade fairs and exhibitions. Notably, we participate every season in the Ukraine’s biggest trade fair “Vsi Svoi” in Kyiv, as well as at the “Ukraїner” trade show. The word of mouth is our most important promotion channel though. The vast majority of the new customers are our online store are referred by our current customers. Benefits for the world Our raincoats are timeless and will never go out of fashion. A simple and concise cut, water-repellent fabric, bright colors, high-quality insulation and accessories, attention to detail, functionality and constant quality control guarantee that our clothes will serve you for many seasons. The simplicity of the design ensures that the items will not go out of style. We believe that the weather should not be an obstacle for those who want to see the world. After all, it is possible to enjoy life, a journey, a walk whatever the weather is. Active people often want to stand out from the crowd of monotonous gray jackets, so we make bright parkas and raincoats. Our goal is to lighted the mood not only of our customers, but also people who see them wear our bright-colored raincoats. S-cape clothing combines the practicality of tourist clothing with the versatility of everyday urban life. It does not require special care, it is easy to wash and ironing is not necessary. It saves you time for more important things. Today you can walk in your raincoat in the autumn city, and tomorrow you can climb the mountains in it. Our values We always try to make the best quality sewing, use advanced technological materials and pay attention to details; We want our clothes to inspire people to travel; We care about our customers: from consideration of their wishes to the repair of our clothes. 3 THE CHALLENGE S-Cape already is already known in several countries and is ready to scale up and expand to new locations around the world. Accordingly, the company is seeking your help with the following: Section I: Market 1. Industry and Competition Analysis To provide a foundation for your analysis, start with a survey of the industry. Who are your client’s main competitors? What are your client’s strengths and weaknesses compared to the competition, and what are the threats and opportunities for your client? When assessing your client’s competitive position, you may find this short guide and this 5-min video on SWOT analysis helpful. 2. New Market Selection and Analysis Based on your analysis of the client and competition, identify most promising new market for your client. Where would the product be in most demand (most people who want and can afford it)? Please first consider the market characteristics that are essential to the success of the product in the market, such as the trade regulations, shipping cost, economic, political, ethical, institutional and cultural factors. Based on a comparison of the countries that fit your criteria, select one most promising market that you believe has the greatest potential. Conduct an analysis of the market in terms of:  Key competitors in the proposed market, their strengths and weaknesses, their pricing and promotion strategies, etc.  Provide an in-depth analysis of the factors relevant to the success of your client in the market, including: o Cultural, legal, political, and economic factors that your client must understand to ensure the success in that market; o Consumer tastes and preferences with respect to your client’s product. Evaluation Rubrics 7 - Clear and concise list of the client’s strengths and weaknesses, threats and opportunities for its product, review of the market selection criteria, the recommended new market clearly matches the criteria, brief but insightful market analysis, strong supporting arguments, sources properly cited. 4 – A good analysis and recommendation, but some elements are not strongly supported, some parts are irrelevant or redundant. 1 - Impossible to figure out what the recommendation is, supporting arguments are absent or completely off the point, not supported by credible sources. Section II. Marketing 3. Promotion Channels  What is the best way to promote the product in the new market? Should the product be marketed directly to end consumers, or to retailers or distributors? What are the cheap or free promotion channels that allow to reach the customers or retailers/disturbers, such as online advertisement, mailing lists, social media groups, professional associations and meetings, via bloggers or opinion leaders, industry periodicals, or similar channels that are not as expensive as TV or radio, but allow to get directly (and ethically) to the decision makers? 4 If applicable, provide a clear step-by-step guide for how to place an ad or distribute a message through the channel, how much it will cost, how frequently should it be done, etc. For example, do not simply say “Advertise via Facebook”. Provide the exact steps, cost, contacts and other tips for maximum effectiveness. 4.     Message What is the best way to convince the consumers to buy the product? What should be the main message of the marketing campaign and how should it be presented? What is the best message, slogan, and other marketing campaign elements? If applicable, discuss if the brand name or its presentation should be modified to make the product more appealing to the tastes and traditions of the consumers in the new market. 5. Promotional Materials To interest the potential customers, your client will need to present information about its products. Illustrate your knowledge of the target consumers in your chosen new market by developing a mock-up locally-tailored marketing brochure, email or webpage template, or social media post that your client can use to promote the product. It does not need to have the perfect graphic design. It should only serve as a concept sketch for what the promo material should look like to be effective with the target market segment. Evaluation Rubrics 7 – The recommended promotion channel(s) is inexpensive and allows to precisely target the potential customers, there is a clear step-by-step guide for how to place an ad there and how much it will cost, an appealing and convincing marketing brochure with strong supporting arguments for each element. 4 – Good suggestions, but not enough detail and weak supporting arguments, some parts are irrelevant or redundant, the formatting is inconsistent. 1 - Impossible to figure out what the recommendation is, supporting arguments are absent or completely off the point, not supported by credible sources. Section III. Management 6. Entry Mode Are direct sales the optimal market entry mode, or a joint venture, franchising, wholly owned subsidiary, or a partnership with the local distributors or retailers would be more effective? Or perhaps the product should be sold via large online retailing platforms, such as Amazon, Alibaba, or the like? If a partnership with a local distributor, retailer, or partner is advised, what companies would be the best candidates for such partnership (list at least three, with contacts, descriptions, and tips for how to approach them). 7. Logistics What is the best way to ship the product to the new market? Should it be shipped directly to the end user, or first to a warehouse or distributor? What shipping option/provider allows for the best combination of price, time, and reliability? Are there import tariffs, custom duties, or other fees that the buyer or seller needs to pay and if so, how much and how such payments can be made? Evaluation Rubrics 7 – The proposed entry mode and recommendations with respect to the logistics are clearly articulated, are viable, and are supported by convincing arguments; if a local partner/distributor recommended, at least three are suggested with company contacts and description, the proposed pricing strategy is explained in sufficient detail and supported by convincing arguments and credible sources. 4 – Good suggestions, but not enough detail and weak supporting arguments, some parts are irrelevant or redundant, the formatting is inconsistent 5 1 - Impossible to figure out what the recommendation is, supporting arguments are absent or completely off the point, not supported by credible sources. OPTIONAL (Optional) A real-life test of the proposed expansion strategy: Get a contract for your client To make the project more realistic, gain further business experience, and to put to a real-life test the claimed demand for the product in the new proposed market, teams are encouraged to try get a real purchasing contract for the product. You can try to do it individually or as a team. If you succeed at securing a sales contract for your client, you will receive a prize commensurable with the amount of 15% of the contract value, offered as a gift or post-market commission (after the deal is closed and the customer pays for the product). If you would like to try it, please do the following: 1. Find potential customer. 2. Share information about S-Cape’s products with the potential customer. 3. If the client shows interest, connect the potential client with the company. Be prepared to assist in the negotiations between the company and the prospective customer with respect to the terms of the contract, price, and support options. This part is optional and your decision to try it or your success or failure if you try will have no effect on your evaluation in this project. However, we encourage you to try to secure a contract and facilitate its execution as this will not only offer you a unique, very real and very practical international business experience, but will also lead to tangible rewards and a much stronger resume in the case of your success. 6 Report Structure and Formatting Guidelines Structure:  Include an Executive Summary (300-400 words, bullet-list format preferred) that provides a short review of your key findings and recommendations. Please remember, the busy company owners and executives will not have the time to read hundreds of the reports, so they must be able to get a quick summary of the content of your report from the Executive Summary. Most managers will make a decision on whether to continue reading the report if the Executive Summary catches their attention. Therefore, make sure this important part makes it easy to see your key recommendations.  At the beginning of each report section include a bullet list of the key recommendations and figures presented in the section (2-4 bullets, each 4-10 words long). Again, when presented with hundreds of the reports, busy executives must be able to get key figures and recommendations from these summaries.  The Title Page must contain team number, client company name, names, emails, and countries of residence of all the team members and a short summary (5-15 words) of the role and work completed by each team member. If any of the team members dropped out or did not contribute to the report, please still list them, but add a note “Did not participate” by their names. Evaluation of the Executive Summary 7 - Short but gives a very good idea about the key ideas presented in the business proposal or corresponding section 4 - Gives some idea about the key suggestions, but some points remain uncertain; a bit too long; not to the point. 1 - Not possible to figure out the key ideas of the business proposal from the summary, too short or too long Formatting:  The report must be 20-35 pages (5,000-8,000 words) including the title page, executive summary, and references. Each section should be 1-3 pages long. Generally shorter is better, so be as concise and focused as possible.  Number all pages in your team report.  Margins should be 2.5 cm (one inch) at the top, bottom, and sides of the page.  Font type should be 12-point Times New Roman throughout the report.  Double-space all body text.  Indent the first line of a new paragraph.  The text should be left-aligned.  All citations used must be cited in the text and in a reference list at the end of each report. In-text citations should include only the name of the author(s) and the date of the publication. Full references should be provided at the end of the report. Please use APA reference style.  A picture is worth a thousand of words, so use of figures, graphs, pictures, as well as tables is encouraged. It is recommended these are included in the main body of the report. Evaluation of the Formatting 7 – The report has a clear structure, visual appeal, the sections are consistently formatted, sources are properly cited, the formatting guidelines are followed exactly with respect to the page limit, font and other requirements. 4 – The formatting guidelines are generally followed, but there are some deviations, there are some signs of sloppiness in document formatting. 1 – The document looks very unprofessional, different report sections are formatted differently, the document is very hard to read and navigate. 7 TASKS AND DEADLINES Each week, you will be asked to fill out a short survey to report your team’s progress, evaluate the performance of your team members and provide other information we need to better understand why some teams perform better than others. Please see the informed consent form at the end of this document for more details. Important: Participants who receive peer evaluations below 2.0 (out of 5.0) will first receive a warning. If their peer evaluations stay below 2.0 two weeks in a row, they will be automatically excluded from the team. Important: Occasionally emails with invitations to take a survey are filtered into the Junk/Spam email folder. Please check your Junk/Spam email folder (search for messages with “X-Culture” in subject line) if you don’t receive a survey invitation message around the date specified in the table above. All deadlines are set for 11:59 pm (23:59), EST time zone (New York). 1. Pre-project Readiness Test Due: Any time before the official project start Before the project starts, all participants must review project materials and take a Readiness Test. The test will include questions about the project and online collaboration tools, as well as questions about your prior international experience and background. You must successfully pass the Readiness Test (80% or more correct answers) to participate in X-Culture. If your semester starts after the official start of the project or you do not complete the Readiness Test on time for another reason, do so as soon as you can – we will continue adding new participants for about ten days after the project start. Official Project Start, Teams Formed Monday, March 5 As long as you successfully completed the Readiness Test, you will receive the names and contact information of your team members on this day. Please reach out to your teammates immediately to establish contact. Introduce yourself, and start working on the project. Students whose semester starts later will be added to the existing teams once their semester starts, so it is likely an additional student may be added to your team in the first two weeks. 2. Establish Contact with Your Teammates Due: Thursday, March 8 By this date, you are expected to have exchanged at least a few messages with your teammates. If some teammates are not responding, you are expected to send at least three email reminders to them by this date. Team members who fail to establish contact with their teams will be excluded from the project. Your communication starts via email, but once the initial contact is established, your team can use any means of communication. Deliverables: A few days before the deadline, you will receive an email with your personal weekly survey link. The survey will ask you to report whether or not you have communicated with all of your team members. Team members who fail to establish contact with their teams may be removed from the project. Note: This and all other weekly surveys will also ask to evaluate your team members’ performance and provide other information we need to better understand why some teams perform better than others. Please see the informed consent form at the end of this document for more details. 8 3. Meet Your Teammates Due: Sunday, March 11 Meet your team members: Please learn as much as possible about your teammates (background, interests, hobbies, experiences, etc.). Research shows that spending a little time on getting to know team members greatly improves team effectiveness. It is also strongly recommended that you try a live video call (e.g., Skype). Deliverables: A few days before the deadline, you will receive an email with your personal weekly survey link. The survey will test how well you got to know your team members. It will contain a few questions about your team members, such as their background, interests, etc. The acquaintanceship test will not be graded, so do not feel obliged to reveal any personal information to your team members or insist that your team members reveal their personal information to you. However, try to get to know your teammates as much as you can. 4. Select the Client Company, Team Charter Due: Sunday, March 18 By this date, your team is expected to review all available challenges and select your client organization. Before you choose your client organization, please carefully review the challenges presented by each organization and try to attend (or watch the recordings of) the webinars with each of the client companies, which will be held in the first week of the project. Team Charter: Discuss with your team members and collectively write a one-page Team Charter that details how your team will operate. It is recommended that the Team Charter includes the following sections:  Distribution of roles and tasks. Many teams divide the workload by the report section. Research shows teams perform better when they divide the workload by function: one person is tasked with coordinating team efforts, checking everyone’s progress, sending reminders, redistributing tasks if needed; another person, usually a native English speaker, serves as a copyeditor, and so on. Many teams also select a person whose role is to question everything and force the team to weigh their options more carefully. Some teams assign a person whose job is to make sure nobody is ignored. Some people are shy or may have a hard time keeping up the pace and it is important they are not left behind and their opinions are voiced and given full consideration.  Dealing with conflicts. How conflicts (interpersonal, task, process) will be resolved.  Dealing with free-riders. In most teams, someone is always late, produces low-quality work, or underperforms otherwise. Sometimes, a team member stops working altogether (gets sick, busy at work, family problems, or simply drops the course). How will the team deal with a loss of team member? Who will redo the work, if needed? Deliverables: A few days before the deadline, you will receive an email with your personal weekly survey link. The survey will ask you to report the name of your client organization, as well as ask each team member to submit the same copy of the Team Charter. 5. Initial Individual Research and Ideas Due: March 25 Conduct your initial research and try to learn as much as possible about the industry your client operates in: Who are the main players? What the most popular products and technologies? What new technologies and approaches are likely to dominate the industry in the future? Is the industry regulated by the government and how? What are the differences in different regions of the world? How does your client compare to the competitors? What are your client’s strengths and weaknesses? Try to interview 2-3 potential customers of your client company to better understand how they make purchasing decisions and if (and why) they would 9 choose your client over the completion. Review the challenge questions listed in the three sections earlier and, based on your initial research, jot down your personal initial answers to each of them. You do not have to write more than a few words in response to each question at this point; just your initial ideas and possible answers. This will prepare you for the team discussions when your team will be collectively developing the best answers to each question. Even if your team decides to assign different report section to different team members, it is very important that each team member shares his/her suggestions for each question. This will give the team member responsible for the report section more to work with and help develop better final answers. Deliverables: A few days before the deadline, you will receive an email with your personal weekly survey link. The weekly survey will ask you to report the results of your initial individual research and your initial individual suggestions for responding to each block of questions listed earlier. Specifically, you will be asked to:  Report the results of your industry analysis, including a brief description of the industry, your client’s strengths and weaknesses compared to the completion, etc. (bullet list of key findings, half a page total)  Your initial recommendations for the most promising market, market entry mode, key elements of the promotion and marketing strategy, and key elements of the operation strategy (1-2 points in response to each question, a paragraph per question). 6. Block 1: Market Analysis Due: Sunday, April 1 This week, your team is expected to submit a draft of your Section 1. It does not have to be a fully finished report section. However, try to complete as much as possible. The more you complete now, the less work your team will have to do later. The drafts will not be graded by X-Culture and will not affect your chances of winning the completion (we only evaluate the final reports). However, the instructors will have access to these documents in case they would like to review your work and provide feedback. Deliverables: A few days before the deadline, you will receive an email with your personal weekly survey link. The survey will ask you to submit a draft of your Report Section 1 (the survey will contain a document upload link). Although your team is expected to develop the section draft collectively, only one team member will be asked to upload the document on behalf of the team. However, every team member will be asked to complete the rest of the progress survey (questions about how your team is doing and peer evaluations). 7. Block 2: Marketing Due: Sunday, April 8 This week, your team is expected to submit a draft of your Section 2. It does not have to be a fully finished report section. However, try to complete as much as possible. The more you complete now, the less work your team will have to do later. The drafts will not be graded by X-Culture and will not affect your chances of winning the completion (we only evaluate the final reports). However, the instructors will have access to these documents in case they would like to review your work and provide feedback. Deliverables: A few days before the deadline, you will receive an email with your personal weekly survey link. The survey will ask you to submit a draft of your Report Section 2 (the survey will contain a document upload link). Although your team is expected to develop the section draft collectively, only one team member will be asked to upload the document on behalf of the team. However, every team member will be asked to complete the rest of the progress survey (questions about how your team is doing and peer evaluations). 10 8. Block 3: Operations Management Due: Sunday, April 15 This week, your team is expected to submit a draft of your Section 3. It does not have to be a fully finished report section. However, try to complete as much as possible. The more you complete now, the less work your team will have to do later. The drafts will not be graded by X-Culture and will not affect your chances of winning the completion (we only evaluate the final reports). However, the instructors will have access to these documents in case they would like to review your work and provide feedback. Deliverables: A few days before the deadline, you will receive an email with your personal weekly survey link. The survey will ask you to submit a draft of your Report Section 3 (the survey will contain a document upload link). Although your team is expected to develop the section draft collectively, only one team member will be asked to upload the document on behalf of the team. However, every team member will be asked to complete the rest of the progress survey (questions about how your team is doing and peer evaluations). 9. Complete Draft Due: Sunday, April 22 By this date, your team is expected to have a complete draft of your report. It does not have to be a finished report, but it should be as complete as possible, including Title Page and an Executive and Chapter Summaries, and correct formatting throughout the document. Deliverables: One team member should submit the draft via TurnItIn.com on behalf of the entire team (see step-by-step submission guidelines below). After your document is submitted, TurnItIn will generate a plagiarism report that will show you if any parts of the report have been plagiarized (takes several hours to produce). Usually, up to 20% similarity is acceptable, provided that copy-and-pasted materials are properly referenced. If plagiarism is detected, your team will have until the Final Report deadline (see below) to fix the problem and submit a plagiarism-free final report. This draft will not be graded and the plagiarism statistics will not be shared with your instructors. This is only for your information. You should continue editing the report until the final deadline and you can still make any changes or additions. However, it is strongly encouraged that you submit as complete a document as possible, You will be able to submit your draft and check it for plagiarism only once, so the more complete the draft, the less the chance that the final report will contain plagiarism. Also, every team member will be asked to submit your usual weekly progress survey. A few days before the deadline, you will receive an email with the usual questions about your team. 10. Final Report Due: Friday, April 27 By this date, your final report must be submitted via TurnItIn.com (see Submission Guidelines below). Please note, the plagiarism statistics for final reports will be generated by TurnItIn and shared with the instructors, but the plagiarism report will not be shared with the students. Only one team member must submit the final document via TurnItIn.com on behalf of the team. 11 11. Post-Project Survey Due once report submitted, but no later than: Sunday, April 29 A few days before the deadline, you will receive an email invitation with a link to your post-project survey. This is the most important survey. The survey will ask about your experiences in X-Culture and evaluate the performance of your teammates. Your answers are extremely important and will help us improve the project in the future. Every team member must complete the survey. Submission Guidelines The report draft and the final report documents must be submitted via www.TurnItIn.com. Only one team member must submit the documents on behalf of the entire team. The team member who will be submitting the draft and final report must follow these steps: Part 1. Create a TurnItIn account (time required: 60-90 seconds). 1. On www.turnitin.com and click on the link “Create Account”. 2. On the next window, under the “Create a New Account” heading, click on the “Student” link. 3. Enter the Class ID. Note the Draft and Final report submissions have different Class IDs: Class ID: 17240538 (password xculture) Note: if you already have a TurnItIn account, simply log on using your “old” login information, click on the “Enroll in Class” tab on the top, and repeat step 3. Part 2: Submitting the paper (time required: 60-120 seconds) 4. Once the account is created, you can log into your account. Your home page will list your classes. 5. Select the correct class and click on the "Submit" button. Make certain to select “Draft” assignment for the report draft and “Final Report” for the final report. 6. Choose Single File Upload. Make certain the file name only contains your team number. Wrong: “Final report 123.pdf”, “Team Report.pdf”, “Team 123.pdf”, “John Smith.pdf” Right: “123.pdf” 7. Click on "browse" to locate the paper saved to your computer. 8. Click on the file and click "open". 9. Click the "upload" button at the bottom. 10. Click "submit" to confirm your submission. Once the submission is finalized, you will see “Your submission was successful” on the top of the page. If you wait a few hours, you will see your “originality report” that shows how much and what parts of your report have been plagiarized. 12 Consent to Act as a Human Participant Project Title: International Student Collaboration Project: Dynamics and Performance in International Virtual Teams Project Director and Principal Investigator: Dr. Vasyl Taras. One of the requirements of your International Business course is to complete an international collaboration exercise. You will be teamed up with several other students who are enrolled in similar International Business courses at universities around the world. Working as a team, you will be required to develop a business plan for an international company. To help you better understand and interpret your experiences and to give you a chance to compare your own experiences with those of other students participating in the exercise, data about your prior international experiences and perceptions about international collaboration will be collected before and after the exercise. In addition, you will be asked to provide peer evaluations once the project is over, and the quality of the team reports will be evaluated by the instructor. A summary will be presented to you at the end of the project, so you can see how your experiences compare to those of other students, how attitudes and perceptions about international collaboration have changed, on average, over the course of the project, and how team composition and prior international experiences tended to affect group dynamics and performance. Once the project is over, all personal information will be deleted from the dataset, and the data will be completely unidentified, making it impossible to match responses with the names of the people who provided them. Most of the data will be collected online. Absolute confidentiality of data provided through the Internet cannot be guaranteed due to the limited protections of Internet access. Please be sure to close your browser when finished, so no one will be able to see what you have been doing. The risks associated with your participation in the study are minimal. Please note the data collected during the project may be used for the purposes of research, the results of which may be published in scholarly journals. Any publication will contain only a general summary of the results. No personal information will be reported or shared. Because your performance in the exercise is counted towards your course grade, the research project is treated as one of the required course exercises/tests. You have the right to refuse to participate or to withdraw at any time. Your grade in the course will be adjusted accordingly, just as it would if you chose not to write a test or complete a homework assignment. If you choose to withdraw, you may request that any of your data which has been collected be destroyed unless it is in an unidentifiable state. While participation in the project is required as part of your course, it is your right to disallow the use of the de-identified data you provide for research-related purposes. 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Explanation & Answer

Attached.

Running head: S-CAPE IN AUSTRIA

1

S-Cape Austrian Expansion Strategy: Section III, Management
Student’s Name
Institutional Affiliation

S-CAPE IN AUSTRIA

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S-Cape Austrian Expansion Strategy: Section III, Management
Entry Mode
A combination of several entry modes may help S-Cape enter the Austrian market more
seamlessly, but the firm needs to primarily focus on partnering with a local retailer. It should be
noted that personal relationships are highly preferred in Austria, and therefore a local partner
would be the best since they already understand the dynamics and expectations of the consumers.
Time and personal presence are also benefits that the firm will draw from forming alliances with
local retailers. They will enhance brand awareness in the entire Austrian market in a better way
than if the firm chose to enter directly (Zahra, Ireland, & Hitt, 2000). While the local partnership
will provide a good opportunity for the firm to be widely known and accepted into the Austrian
market, it will still be necessary for its managers to ensure that they plan regular visits to the
market to obtain essential information and updates regarding competitor activity, developments,
and modifications. The visits will provide an important opportunity for the S-Cape reps to
interact with the local partner successfully and integrate their working models for the betterment
of the endeavor.
S-Cape, however, should be ready to face some challenges in their partnership with a
local retailer. Firstly, establishing a mutually beneficial relationship may be daunting,
particularly during the early phases on the interaction. Such a challenge often arises when the
business fails to yield substantial returns for either parties, or when it compromises the progress
of one of them. Again, S-Cape must also be careful not to choose the wrong partner since that
could significantly jeopardize the...


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