The Increased Safety Regulations in the US Week 3 Learning Activities
Learning Activity #1
The Jonas Brothers are looking for new markets for four major reasons: the increased safety regulations in the US, increased competition, high insurance costs to cover legal risks for owners, and children’s safety groups.
The brothers believe their trampolines are safe and that they furnish beneficial exercise to children and adults (as well as being a good source of family entertainment). They believe it is essential to find new markets outside the US.
To learn a little more about the business, here are two links that may help you visualize the business idea. Indoor Trampoline Parks (https://www.indoortrampolineparks.org/404.aspx?404;http://www.indoortrampolineparks.org:80/assets/docs/playmeter%20sarris%20article.pdf), International Indoor Trampoline Parks (https://www.indoortrampolineparks.org/404.aspx?404;http://www.indoortrampolineparks.org:80/assets/docs/play_meter_iatp_article_2015.pdf), Trampolines Show Big Bounce Injuries (https://www.post-gazette.com/news/health/2016/08/01/Trampoline-parks-showing-big-bounce-injuries-study-shows/stories/201608010013).
Using the illustration entitled “Figure Four Ways of Doing Business,” in International Business Management (https://www.tutorialspoint.com/international_business_management/international_business_management_tutorial.pdf) on page 32 of the Tutorials Points link, help the Jonas’ decide whether to go global or to stay local while improving the current business in a holistic manner.
Explain how you arrived at your answer and what other factors must be considered in choosing a strategic option.
Learning Activity #2
The Jonas Brothers think that they can go into other countries and manage the business just like the one in the US.
Explain to the Jonas’ in a memo some of the major differences and challenges in managing the operations abroad.
Please only post a single discussion thread that includes your responses to both learning activity 1 &2.
Week 3: January 28 – February 3
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WEEK 3: Strategic Management
Theme #1: Strategic Compulsions, Options and Factors that Activate Strategic Options
Businesses enter the international marketplace in search of sustainability that acts to force the business to search for new and larger market opportunities. Larger markets can mean a new and different customer base. Thus, it is necessary to develop new strategies to win customers.
Effective strategic management for a business requires strategic estimation, planning, application review, and control. Strategic management is triggered by compulsions like modern developments in societal and economic theory and recent changes in business forms. Strategic compulsions force a company to become international if they want to gain the global market and greater value.
This theme will examine the areas of strategic compulsions driving businesses to go global. For instance, e-commerce and Internet activities, hyperactive competition, diversification, active pressure groups, and a motive for corporate social responsibility.
Read or View:
International Business Management (Part 3 section 12 pages 29-33)
10 Reasons to Go International
6 Steps to Help You Decide to Go Global
Strategy Constraints and Compulsions
Internet Data Flow and Trade
Impact the Internet on Business
Why are Canadian Companies Afraid to Go Global
Theme #2: A hit list of areas to include in Strategically Managing organizational behavior and operations.
Rather than delve into areas of organizational behavior or operations management in detail, you will need to approach this subject by identifying some of the challenges that can face management in setting up a strategic approach to international business.
Read or View:
International Business Management (Part 3 sections 15-17 pages 40-54; Part 4 sections 18- 22 pages 55-74)
Best Structure for a Multinational Company
Standardization versus Differentiation
Multinational Corporation Strive to Compete
How to Find Funding for an Overseas Business Venture
5 Things You Can Do to Reduce Risk in International Business
