Globalization has been impacting business in a material way for the past 40 to 50 years. In recent years, this impact has been strengthening. Appreciating the impact of this trend and the driving forces is useful for today’s business professionals.
Research the topic using your textbook, Argosy University online library resources, and the Internet. Respond to the following:
• How important would you characterize globalization for developing business professionals? Take a position and provide evidence.
• What do you believe is the single most important force driving globalization in business? Present an argument for your position as to the most important aspect and include a discussion of forces which you believe to be less important.
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Culture and politics are important parts of the external environment and vary greatly, not only between, but also within each country… Research the impact of culture and politics on business using your textbook, Argosy University online library resources, and the Internet. Respond to the following:
• Why is understanding culture critical for successful international business? Give examples of how understanding culture has been important for an international business.
• Classify and describe at least four different types of political systems that an international business might encounter. What type of political system might have the greatest potential for imposing adverse political risk on an international business? Compare at least one other system to the one you selected and explain why it has less potential for imposing political risk.
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An international business must understand the economic system embraced by the host country and its implications. Moreover, there are powerful economic arguments in support of international trade and they provide a useful perspective on international business.
Research economic systems using your textbook, Argosy University online library resources, and the Internet. Respond to the following:
• Which economic systems would be most suitable for a country: centrally planned, mixed economy, or market economy? Since Canada is the #1 trading partner with the USA, focus specifically on Canada. Research Canada’s mixed economy and comparing it to the American economy covering any comparative advantages of Canada. State any assumptions you make and give reasons for your position.

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Discussion Question—Marketing, Operations, Financing, Human Resources

Marketing, operations, and human resource management are core areas of business. An international setting provides unique challenges in each of these areas.
Research the topic using your textbook, Argosy University online library resources, and the Internet. Respond to the following:
• Consider a foreign company marketing its products in the United States, such as the Mexican company Cerveceria Modelo that markets Corona beer in the USA. Analyze the complexities of one of the following:
o Developing product strategies (including cultural differences)
o Assessing the promotional strategies
o Developing distribution methods
o Assessing pricing strategies
• Next, consider operational issues in the U.S. market and analyze the complexities of one of these following issues:
o Production strategies
o Accessing physical resources and managing inventory
o Maintaining quality
o Financing the operations
• From the perspective of a small company venturing into international operations for the first time, discuss what you feel are the three most difficult issues that must be overcome in recruiting, selecting, and training workers. Explain how each difficulty might be overcome.

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