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Assurance

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This assessment addresses your skills and knowledge in applying a global perspective in business, critical thinking, and communication. These are College-wide competencies adopted by the faculty for all majors in the College of Business. Please provide the following information at the top of your answer submission: First & Last Name, Panther ID, MAJOR, and Professor’s name.

You are encouraged to do your best in this assessment. You do not need to perform web research in answering this question; your academic training at the College of Business Administration should have provided a good foundation and prepared you to provide an excellent answer. Use your time wisely while making sure you display excellent Global Thinking, Critical Thinking and Written Communication skills. Your response will be diligently checked for academic honesty and integrity, so if you feel obliged to research the answers you must appropriately cite your sources.

Please read the following question carefully. You may want to construct a brief outline of your answer on scratch paper before your begin writing in order to better organize your thoughts. You can type your responses directly on the attached document, save it and submit into the Turnitin.com Dropbox that can be found under the assignments tab in your Blackboard course.

Your response will be evaluated based on three (3) criteria:

• Your ability to apply a global perspective to a business problem,

• Your written communication skills, and

• Your critical thinking skills

Success on the critical thinking portion of the exam requires you to provide a sufficiently detailed rationale that demonstrates your understanding of the importance/relevance of each factor that you have identified. In the general instructions you have been provided rubrics which detail the expected performance standards and criteria of graduating students at the College of Business Administration.

Assume you work for a medium-sized consumer products firm in Miami. Your boss has been traveling and met a business consultant from Asia on the plane. Now your boss wants you to investigate the feasibility of setting up a research and development, production, and retailing operation in Asia.

Among the most important things to decide is which would be best country to set up operations in Asia. Your company makes the latest high-yield agricultural seeds, which are the most technologically advanced seeds in the market that require little to no fertilization saving the consumer costs. Your coworker has heard on the news that back in 2000, China was attracting a large amount of foreign investment. Therefore, he suggests you should not look at any other Asia countries at all and limit your research to China.

Please answer the following questions and number your answers for full credit.

1. Do you agree with your coworker?

a) Yes

b) No

No I don’t agree with my coworker because he hasn’t provided any facts to back up his claim.

2. Why? Do you need additional information? Explain clearly the reasoning behind your decision.

Yes I would need more information before I limit my research to China because this could potentially bring large profits to the company. If I choose to limit my research to only China I can be keeping my company from maximizing their profits with another country where the seeds could’ve attracted even more foreign investment.

The international management area of your company has put together a table of indicators from the World Databank for 2010. This data should be used to answer Questions 3, 4 and 5.

[pic]

*Unfavorable/Favorable scale from -3 to 3.
**Agricultural land refers to the share of land area that is arable, under permanent crops, and under permanent pastures. Arable land includes land defined by the FAO as land under temporary crops (double-cropped areas are counted once), temporary meadows for mowing or for pasture, land under market or kitchen gardens, and land temporarily fallow. “n.a.” Stands for information not available.

3. Which two countries would you recommend as viable countries to start conducting business in Asia?

a) China

b) Hong Kong

c) India

d) Japan

e) Korea Rep.

f) Malaysia

g) Philippines

h) Singapore

I would recommend China and Japan.

4. Select one of the two countries you recommended in question number three and then describe clearly your arguments in favor of that country. In your argumentation include information either from the table or your own knowledge to support your decision. Explain the factors that were important in your recommendation. Be specific about what you believe are the relevant issues.

There are many reasons why I recommend China as a viable country to start conducting business in Asia. Firstly, China has the highest GDP of all of the countries indicating that they have a high yield of goods produced yearly. Although China’s ease of doing business is at a high rate of 87, their cost to start a business is a low of 4.5% of income per capita. China also has a large amount of agriculture land which gives room to plant a vast amount of the high yielding agricultural seeds.

5. What country would you avoid investing in?

a) China

b) Hong Kong

c) India

d) Japan

e) Korea Rep.

f) Malaysia

g) Philippines

h) Singapore

I would avoid investing in India

6. Describe clearly your arguments in in disagreement for that country. In your argumentation include information either from the table or your own knowledge to support your decision. Explain the factors that were important in your decision. Be specific about what you believe are the relevant issues.

I would avoid investing in India because it has the highest cost to start a business. Their ease of doing business is also high which signifies that even if the company was to invest in them the business would most likely not profit. India also has extremely high export and importing costs and their international trade tax is a high of 15%. It would not be benficial to do business in India because their costs would definitely exceed the potential profits.

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