Select a product and a country for a global business venture. I have decided to market bbq grils to China. I also recommend that the organization is a company that produces Barbeque Grills called "Sizzler". Our product is called the "Sizzler-08" and we are trying to break into the Chinese market. Producing our own in the US is not worth it any longer, so we instead are looking at opening a plant in China where we can manufacture for both the US (cheaper labour), but mostly to break into the Chinese market.
My section is to prepare a financial overview for this global venture. I must include a chart that represents the general budget for this global venture. Also, explain how this company will deal with foreign exchange risks for this global operation using a minimum of 600 words.© BrainMass Inc. brainmass.com October 16, 2018, 9:46 pm ad1c9bdddf
The response addresses the queries posted in 1064 words with references.
//Hereby we have to develop a global business plan for a company. In this part of query, we will prepare a financial overview for this venture. The financial overview will cover several points such as budget, foreign exchange risks, transaction exposures, etc. I am providing you an overview about preparing a financial overview. //
Global Venture: Financial Overview
This paper is related to a global business venture. The venture consists of marketing the product of our company; I.e. "Sizzler - 08" to China. Our Company has to market barbeque grills to China. Below is a financial overview of the venture which depicts a general budget. It is also explained below about the ways in which the company can deal with the risk of foreign exchange that will arise during the course of this global venture.
A budget is defined as a comprehensive and coordinated plan, expressed in financial terms, for the operations and resources of an enterprise for some specified period to time in the future. The overall budget is known as the master budget. It includes the components like estimated sales budget, production budget, purchase budget, direct labor budget, manufacture expenses budget, administrative and selling expenses budget and all the financial data which is essential to make budget for the future course of action. The financial overview of the global venture is shown below:
General Budget (see the file)
Note: In the budget shown above, the figures are hypothetical.
Foreign Exchange Risk
Foreign exchange ...
The response addresses the queries posted in 1031 Words and excel file, APA References
Able Corporation and Business Plan Preparation
In six months you are to present a complete business plan for Able Corporation to the Strategic Officers Steering Committee (SOS-C). Able Corporation is a US manufacturing company located in Tennessee that builds power tools, lawn mowers, lawn furniture, microwaves, and ranges. All products are manufactured locally and sold through large retailers like Sears, Best Buy, and Wal-Mart. They have sale papers inserted in every Wednesday and Sunday paper. Although they have a thriving business in the US and Canada, Able is trying to break into the global marketplace.
You are to provide a mission statement, operating principles, market analysis, company strengths and weaknesses analysis, one-year, five-year and ten-year strategic objectives, sales forecasts, financial and operational objectives, and pro forma financials.
As a preliminary step in the preparation of the business plan, brainstorm the major elements of the strategic management process. Using the questions below as a guide, provide several bullet points for each major step in the process. These can include insights, issues that need to be addressed, questions that need to be asked, etc.
How would you go about defining the identity of Able Corporation and creating its mission statement? Where would you look for the information? What do you already know about Able that can help?
What principle would you use in order to prioritize the implementation steps needed to accomplish the strategic objectives?
What post implementation and feedback mechanisms would you have in place to evaluate the effectiveness of the process? What measures would you use?
What legal or ethical issues, if any, need to be considered?