Deliverable Length:

1,500–1,800 words

Details:

Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

A regional bank has decided to open an office overseas for serving those businesses that are expanding internationally. Choose a country with a large financial center that you believe would be helpful to your customer base.

• Discuss some of the challenges you may face in this new environment.

  • What are the cultural, ethnic, social, and educational characteristics?

• Describe the political and legal systems.

• How much does the government intervene in the private sector?

  • How will that affect your financial institution?

• What type of economic system does it have?

  • What is the history of that economic system?

• How is the country involved in international trade?

  • How does the government get involved in trade issues?

  • Will that help or hurt your financial institution?

• Will your presence in this country be helpful in your attempts to invest in other developing countries?

• Is this country involved in any regional integration efforts? How so?

• Why did you choose this location for your bank?

• As a manager, what would be your overall assessment about whether you want to pursue opening an office there?

  • Are the financial risks worth taking?

  • Will it be beneficial to all of the stakeholders?

  • If you decide to pursue this, what type of presence do you think would be best suited to your objectives?

  Date Due:

  Monday, Mar 16, 2014

  Objective:

  Discuss current management practices and principles used in the current global business environment. Summarize the opportunities and risks of doing business in foreign countries. Explain how differences between foreign and domestic environments impact the conduct of business. Describe how global managers are able to influence management decisions despite cultural and language differences. Compare alternative organizational structures for international operations. Discuss strategies organizations can pursue for international market expansion. Use effective communication techniques.