Assignment 1: Global Business Today – The Hofstede Study

Assignment 1: Global Business Today – The Hofstede Study

For this assignment, you will need to create a fictional regional company on which to base your analysis. The company can be in any line of business that you choose, but make sure that the nature of the business is such that you can respond to all of the points below. Refer to the Hofstede model in Chapter 4 of the textbook and the Global Business Today Interaction to complete this assignment. Write a three to four (3-4) page paper in which you:

1. Imagine you are a consultant for a fictional regional company wishing to move into an international market. Present an overview of the regional company, its products and services, the location, brief financial information, etc.

2. Utilize the Hofsetede module to discuss the company’s offerings with regard to how the United States (Home Country) views the products and services. Use the following links to help you: https://www.hofstedeinsights.com/country-comparison/ and https://www.cia.gov/library/publications/the-world-factbook/

3. Choose two (2) countries as potential locations for your company of choice to set up new international offices. Develop a set of specific recommendations for the company. In your recommendations, review the 2 countries using the Hofsetede module: https://www.hofstedeinsights.com/country-comparison/

4. Provide an analysis of the differences or similarities between the US and the two countries.

5. Demonstrate the most important dimensions of the Hofstede model for a U.S. company to consider when opening in the countries chosen