Reference no: EM132218619

Module Overview

In this module, you will learn about the challenges entrepreneurs face when they consider going international. You will learn that different cultural aspects and language problems can have a strong impact on replicating the success achieved in a domestic environment in another, different business marketplace abroad.

From the Internet, read the following management/leadership success stories:

Brewing Up a New Business Idea from a Coffee Castoff

Building a Business on Busy Schedules and Making Errands Pay

Entrepreneur's Nonprofit Rolls Out a Nontraditional Shelter for the Homeless

How a B-School Networking Problem Became a $20 Million Opportunity

Assignment : Discussion-Doing Business Abroad

Nancy Baxter and several other small business owners joined a trade mission to China to explore market opportunities there. The group learned that China has a population of 1.3 billion and is the third fastest growing export market for small- and medium-sized US firms.

In any given year, the Chinese software market grows by 30% and the number of Internet users quadruples. Furthermore, the demand for management consulting services is increasing, especially information technology consulting.

Members of the group were surprised by the number of people who had cell phones and regularly surfed the Internet, especially in large, urban centers. On the downside, they found that counterfeit goods (from clothing and leather goods to software and CDs) were available at a fraction of the cost of legitimate merchandise. In addition, the members found that local merchants expressed an interest in doing business only with vendors with whom they had established relationships.

In this assignment, you will review different concepts discussed in the course Titled: The Functional Contribution to Organizational Success Master of Science in Organizational Leadership [MS_OL], and critically evaluate how the business venture you are proposing could be successful in a different business culture, such as China.

Tasks:

Using the Internet or the Argosy University online library resources, research how people do business in China and how the Chinese culture can affect your traditional business thinking.

Now, respond to the following questions:

What types of businesses would prosper in China? Why?

What are the challenges and risks associated with doing business in China?

What steps should Baxter take to address these challenges and risks in order to increase a chance of success in the market?

Submission Details:

In about 300 words, post your responses to this Discussion Area. While responding, address issues brought up and compare them with yours.

Write your initial response in 300-500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation.

Do the following when responding:

Read your answers. Provide substantive comments by contributing new, relevant information from course readings, Web sites, or other sources; building on the remarks or questions; or sharing practical examples of key concepts from your professional or personal experiences Respond to feedback on your posting and provide feedback to their ideas.

Make sure your writing is clear, concise, and organized; demonstrates ethical scholarship in accurate representation and attribution of sources; and displays accurate spelling, grammar, and punctuation.