The primary focus of this assignment was to illustrate and communicate how the concept of international business surrounds us in our everyday lives and how it can further be broken down into different strands. Ultimately, this assignment has made me become more aware of what is going on around the world with terms of business rather than just being preoccupied with what’s happening in Ontario or Canada in general. This assignment reminds me of the global issues course that I had previously taken since we were opened to the various issues and concerns happening all around the world rather than just in Brampton.
In terms of this assignment, I honestly did enjoy all the different aspects of the assignment but rather parts of it. The part which I was fond of includes the choice and freedom that was given. Firstly, we got to choose what companies or articles we wanted to further look into. This made the assignment more intriguing since I learnt things about companies such as Amazon, McDonalds, Nike, and Starbucks and their new product releases, court issues, business errors, etc. Secondly, we also got to choose what form of creative format that we wanted to use. This made the creative aspect of the assignment appealing. Additionally, we also got to choose when we wanted to finish the assignment. At first I was afraid that I would not be able to finish as I am a procrastinator who leaves assignments to the last minute, but I planned ahead of time and was able to complete the assignment within the due date. On the contrary, the part of the assignment which I was not fond of was that it was timely and tedious as we were following the same pattern of summarizing, relating and reflecting.
This assignment made me realize how international business is dynamic and divided into many different subtopics. I learnt that international business is not restricted to just expanding a product to a foreign country and hoping that it sells well because it seems that it fit the target market. Things such as foreign operations, storage, potential legal issues and competitive advantage also have to be considered, which are the details that are often overlooked. All in all, these concepts that I have learnt will aid me during the summative. It will help me be more aware of the issues that I might encounter and ways to stand out from competitors.
Ultimately, this assignment has confirmed my view of how with international business, careful and precise planning is needed. By reading the situations which some of the international companies are going though, it confirmed that with wanting to expand a company, the business has to be ready for anything that is thrown in their path. I also realized that the only way for a company to be safe is if they have anticipated the possible scenarios prior to expanding and have planned to reduce from these forms of crisis and disastrous outcomes from occurring.
In terms of this assignment, I honestly did enjoy all the different aspects of the assignment but rather parts of it. The part which I was fond of includes the choice and freedom that was given. Firstly, we got to choose what companies or articles we wanted to further look into. This made the assignment more intriguing since I learnt things about companies such as Amazon, McDonalds, Nike, and Starbucks and their new product releases, court issues, business errors, etc. Secondly, we also got to choose what form of creative format that we wanted to use. This made the creative aspect of the assignment appealing. Additionally, we also got to choose when we wanted to finish the assignment. At first I was afraid that I would not be able to finish as I am a procrastinator who leaves assignments to the last minute, but I planned ahead of time and was able to complete the assignment within the due date. On the contrary, the part of the assignment which I was not fond of was that it was timely and tedious as we were following the same pattern of summarizing, relating and reflecting.
This assignment made me realize how international business is dynamic and divided into many different subtopics. I learnt that international business is not restricted to just expanding a product to a foreign country and hoping that it sells well because it seems that it fit the target market. Things such as foreign operations, storage, potential legal issues and competitive advantage also have to be considered, which are the details that are often overlooked. All in all, these concepts that I have learnt will aid me during the summative. It will help me be more aware of the issues that I might encounter and ways to stand out from competitors.
Ultimately, this assignment has confirmed my view of how with international business, careful and precise planning is needed. By reading the situations which some of the international companies are going though, it confirmed that with wanting to expand a company, the business has to be ready for anything that is thrown in their path. I also realized that the only way for a company to be safe is if they have anticipated the possible scenarios prior to expanding and have planned to reduce from these forms of crisis and disastrous outcomes from occurring.