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Planning a Trip

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Country chosen is England, bussiness chosen is clothing company called Zshirts.

Task: Plan the Itinerary & estimate the cost of a business trip from your location to a foreign location (not Canada or Mexico or a country that pegs directly to the USD or uses the USD as their currency) for a 3-day meeting with a foreign partner or customer. (Note: transit time is not included in the 3 days) Although this trip is hypothetical, I expect that you would be able to pick up your plan and successfully execute your proposed itinerary. Your travel plan must be executable as you have written

Foreign Travel Plan and Budget
1. Introduction: A brief description of the location, purpose, and the intended result of your proposed business trip.

2. Door to Door Itinerary (a table or list describing departure all transit points from Home/ Business to airport, Airline/Flight Numbers, Departure /Arrival Times, local transportation, Lodging Location, meeting location, & return trip home)

3. Itemized Budget for all trip Costs in $US and Local Currency based on where the specific currency is calculated/used (Travel to Airport, Parking, Airfare, hotel, local transportation, food, etc). A spreadsheet, table or an Itemized list of Daily Costs is required so "Package Deals" are not acceptable. Calculate final Total Costs in $US (be sure to specify Exchange rate used).

4. Identify Travel Documentation required by US & Destination Governments.

5. Describe cultural norms for business practices, meetings and having dinner at the home of a colleague from the host country.

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Please see the attachment.

Foreign Travel Plan and Budget

1. Introduction: A brief description of the location, purpose, and the intended result of your proposed business trip.

The trip is from Minnesota to London. The purpose of the trip is to make an agreement with a distribution agent in London for marketing Zshirts in Europe. I intend to negotiate the price, and quantity with the distributor in London. The distributor is currently engaged in distributing shirts from several reputed companies from Europe and Asia. At the end of my trip I intend to sign an agreement with the London dealer by which he agrees to market a minimum quantity of shirts in Europe. My expectations are that the distributor will agree to market at least 100,000 shirts during the first year of agreement. The average price for Zshirts I intend to negotiate is $20 per shirt. This agreement will open the European market for my firm. The increase in production will lead to fall in costs because of economies an my company will be able increase its profits in two ways. First, the increased sales in the European market will push up our profits. At the same time the lowering of costs will also increase our profits from sale in the US market. It is critical that this trip be successful. My company has established its brand as a manufacturer of high quality shirts at reasonable prices. The London trip is critical for our company to achieve its strategic objectives.

2. Door to Door Itinerary (a table or list describing departure all transit points from Home/ Business to airport, Airline/Flight Numbers, Departure /Arrival Times, local transportation, Lodging Location, meeting location, & return trip home)
Please see the attachment.

The KLM ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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