snhu int400 Milestone One latest 2017 october

INT 400 Milestone One

Overview: In any business situation, a manager will face a series of challenges. This course explores specific contemporary challenges in international business,

preparing you for the managerial decisions that you will make in future courses and in global business. The best approach in addressing these issues and

challenges is to identify and prepare for risks in various international markets. It is essential to be able to identify, evaluate, and categorize risks based on their

impact on the organization and explore how you will address them to maximize your opportunities. This approach will be vital in evaluating the prospects of

future international business pursuits in your professional career.

Prompt: For your final project, you are acting as a member of a risk committee for All Star, the organization represented in the five mini case studies that you

analyzed with your team in Modules One and Two. In this milestone, you will begin your individual risk management report by conducting a risk evaluation. You

will identify and evaluate the extent to which risks in the Latin American region might impact the well-being of the company.

You will want to look at the broad picture of doing business in Latin America; however, you will eventually narrow your view to focus on a key risk in each of the

four areas identified in the critical elements: economic risk, environmental risk, political risk, and cultural/social risk.

Your final project will require research beyond that found in the case studies and in the case study companion, Student Manual – Latin America. For example,

you will want to explore the current political atmosphere in Latin America and research current environmental challenges in the region. In addition to

researching current events, you will also want a full understanding of the cultural and social characteristics of the region. In addition to current news articles of

the region, you may find the following resources helpful in acquiring a comprehensive picture of Latin America.

? The World Factbook website contains country-specific information on the government, geography, society, infrastructure, trade, the economy, and

more.

? The World Atlas website provides maps, descriptions, and data for individual countries around the globe.

? The Hofstede Centre is a resource that analyzes different dimensions of culture for their role in business.

? The Kwintessential Culture Guides website is a business that works to assist organizations facing cultural challenges. The Country Profiles tool provides

details and examples of etiquette, customs, and cultural protocol for a large number of countries.

Specifically, in Milestone One, the following critical elements must be addressed:

I. Risk Evaluation: For this part of the project, you will identify and evaluate the extent to which risks in the region may impact the well-being of the

organization.

A. Evaluate the effect of economic risks present in the region that the organization will have to account for. Be sure to use the economic

characteristics of the region in your evaluation.

B. Assess the impact of environmental challenges that the organization will be faced with while operating in this region. Be sure to use the

environmental characteristics of the region in your evaluation. For example, you could consider transportation costs, market demand, and

production regarding operating in the region.

C. Appraise the political atmosphere within this region for its impact on the organization. Be sure to use the political characteristics of the region in

your evaluation. What issues could arise because of political volatility and how will these impact the organization?

D. Evaluate the effect of the cultural and social risks of the region that will pose a threat to the well-being of the organization. Be sure to use the

cultural and social characteristics of the region in your evaluation.