Week 7 Assignment – Successful Domestic Company Goes Global!
You are the CEO of a successful domestic company. Recently, many prospective 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 outside the United States. You recently attended a local three-day international trade exposition and have gathered many brochures on the foreign companies interested in doing business with your company.
After meeting with your executive committee, you decide that you will need to innovate and identify at least two countries for expansion and two expatriates to send into those countries. The selected expatriates will learn about the countries’ cultures and business activities (leverage your assignment from Week 6). You must prepare a report for the employees who may want to take an overseas assignment, the executive committee, and the board of directors.
This assignment builds upon the Week 6 assignment, you will include the content in this assignment. Use the Internet and Strayer Library to research countries for expansion and leveraging expatriates over country nationals for business overseas.
As a strategic global manager (CEO), Write a 5–7 page report in which you:
Develop a framework for your guide.
The framework should be written for expatriates that will live abroad for 1–2 years.
The guide should include tasks and information such as the following:
Items to pack.
Accommodating a vehicle (leave behind or send overseas).
Shipping or selling furniture.
Arranging accommodations for family living in another country for the duration of their stay abroad.
Recommend two texts that the selected expatriates should take overseas with them.
Research texts that could help expatriates in their transition to working overseas.
Provide a rationale for your selections.
Determine three criteria that you would consider when deciding which employees to send abroad.
Justify your response.
Discuss the innovative methods and/or incentives you would use to encourage the selected employees to become expatriates.
Provide a rationale for your response.
Recommend one strategy to ensure that both the executive committee and the board of directors are committed to the expansions.
Provide a rationale for your recommendation that includes the following:
Statistics supporting the decision to expand into the identified countries.
A feasibility study of your company’s proposed expansion to the identified countries.
Information related to renting or buying land or a building.
Any other information relevant to the case for expansion.