snhu int400 Milestone Two latest 2017 october

INT 400 Milestone Two

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 prioritize the risks identified in Milestone One and develop strategies for

addressing the risks. Be sure that your strategies are informed by your previous analysis of risk.

In Milestone One, you assessed the broad picture of doing business in Latin America, and then you narrowed your focus to the key risk in each of the four areas

identified in the critical elements: economic risk, environmental risk, political risk, and cultural/social risk. You will work with those four identified risks now in

Milestone Two.

Note: Revise your Milestone One content (Section I of the final project) and resubmit it with Milestone Two. This allows you to ensure that the two sections

are well aligned and that Section II is informed by Section I. Only Milestone Two (Section II) will be graded at this point, but your instructor may provide you

with additional feedback on both sections as a whole.

Again, you will find a lot of information in the case study companion, Latin American Student Manual. But you may need to do additional research, especially in

the areas of legal and ethical standards associated with the region and cross-cultural differences. Use these and other resources to fill out your knowledge of the

region as necessary:

? 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 Two, the following critical elements must be addressed:

II. Strategy Development: In this part of the project, you will begin to develop strategies for addressing the previously identified risks. Be sure that your

strategies are informed by your previous analysis of risk.

A. Determine the type of each identified risk based on how it can be addressed by the organization. For example, can any of the risks be minimized

through operational changes? Which of them would require an insurance policy? Can any of them be self-insured by reserving funds?

B. Prioritize the risks and exposures that you have previously identified in order of precedence for the organization to address. Be sure to support

your response with appropriate research.

C. Outline the legal and ethical standards and cross-cultural differences associated with the region that might influence the development of your

risk mitigation strategies.

D. For each of the previously identified risks, develop risk mitigation strategies that:

1. Incorporate the measures that should be taken by the organization in addressing each of the identified risks.

2. Incorporate appropriate legal and ethical guidelines pertinent to the organization and the region the organization is operating in.

3. Illustrate methods for addressing cross-cultural differences pertinent to the organization and the region the organization is operating in.