International Entrepreneurship Project
This project requires research, imagination, and logic in applying the content of this course and book. So here we go! Let's role play as we apply our knowledge from this class!
Create an imaginary company that you have been operating in the domestic arena for some time. You represent top management and you have decided it is time to go international! Be sure to cover all of the topics listed below in your paper. Youâ??ll want to back up your decisions using your textbook knowledge and outside research sources, a minimum of three total.
Be sure to use formal APA writing style. Your project should be a minimum of 3-4 pages in length, double spaced using 12 point font. Three sources are required and please include a bibliography at the end of your paper (not counted as one of the 3-4 required pages).
Your project is due Sunday of week four no later than 11:59 p.m EST. Please upload your project to the Drop Box area labeled Project. Please work on your project each week of your course.
Please see below for all of the topics you will need to cover in your project. **Hint for success: I've divided the project up into weekly sections to make it more manageable -- tackle a section each week!
â?¢Describe your company and its operations, relative size, and so forth. Give reasons for your decision to go international.
â?¢Decide on an appropriate country in which to operate, and give your rationale for this choice.
â?¢State your planned entry strategy, and give your reasons for this strategy.
â?¢Describe the environment in which you will operate and the critical operational factors that you must consider and how they will affect your company.
â?¢Give a cultural profile of the local area in which you will be operating. What are the workers going to be like? What kind of reception do you anticipate from local governments, suppliers, distributors, and so on?
â?¢Draw up an organization chart showing the company and its overseas operations, and describe why you have chosen this structure.
â?¢Decide on the staffing policy you will use for top-level mangers, and give your rationale for this policy.
â?¢Describe the kinds of leadership and motivational systems you think would be most effective in this environment. Give your rationale.
â?¢Discuss the kinds of communication problems your managers might face in the host-country working environment. How should they prepare for and deal with them?
â?¢Explain any special control issues that concern you for this overseas operation. How do you plan to deal with them?
â?¢Identify the concerns of the host country and the local community regarding your operations there. What plans do you have to deal with their concerns and to ensure a long-term cooperative relationship?
Subject: International Entrepreneurship
Running Head: International Entrepreneurship project
International Entrepreneurship project for Smart Tech Company
Smart Tech Company, headquartered in Michigan, was founded in 1999 by John Smith an avid entrepreneur. Through its numerous subsidiaries the company provides enterprise mobile computing solutions, integration services and product maintenance and support services to the US domestic market. Its products includes handheld computers, network management products, connectivity solutions, rugged vehicle mount computers, and tablets PCs. Smart Tech sells its products through application partners, distributors, value added resellers, third party network of systems integrators, as well as direct sales force. The company has a wide range of strategic relationships with a range of technology partners such as Cisco systems, Vocollect, Marvel, Microsoft, SAP and Aruba Networks. The market capitalization of the company currently stands at $85.7 million dollars with it occupying a crucial market position as one of the leaders in providing mobile computing solutions and wireless data collection to the U.S domestic market.
Appropriate country in which to operate
The company has in the past months been reinventing itself to enter the international arena due to the US market saturation and entrance of new players. It wants to expand its market base and market share and also exploit the greener opportunities in other countries that are similarly growing on the technology front. The development of a new platform for a modularized computer is a major strategic milestone for the company which allows higher customization levels than any achieved in the industry before. The successful performance of this product in the US market shows that it has potential to also do well in Canada. Canada just like the US has been an avid developer on the technology front and is receptive to rapidly changing technologies that redefine their life. Such a market would provide a good place to with in launching an international strategy for Smart Tech.
Planned entry strategy
The best decision action for Smart Tech to take in entering the Canadian market is by setting up a Subsidiary of the company in Canada. This is so because of the long term positive effects that such an entry mode would have on the company's products ...
International entrepreneurship projects for required research.