ECON616-1304B-04 Class Applied Managerial Economics ECON616-1304B-04 Phase 5 DQ and IP Week 5 Applied Managerial Economics Phase 5, Int’l Expansion Considerations
Phase 5 – Task 1
Primary Task: 600–800 words; summative Task: 150 -200 words
Primary Discussion Response is due by Wednesday
Primary Task Response:
Respond to the following scenario with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Additional Information: AutoEdge is considering an expansion project to include other automotive manufacturing companies overseas.
George comes into your office as you’re getting ready to leave for the weekend.
“I’m glad I caught you before you left,” he says.
“What can I do for you, George?”
“I just got out of a committee meeting with some of the other board members,” he says. “Among other things, we are considering an option to expand internationally. Naturally, we need to determine the relevant factors to consider before making the decision.”
“I think I see where this is going,” you say. “It sounds like you want me to list, describe, and analyze the most important factors that must be considered. Am I right?
“You are correct,” he says. “I should think five factors would be enough. Please consider the pros, cons, and risk factors, too.”
“Do you want me to add a recommendation?” you ask.
“Yes,” he says. “Once you have analyzed these factors, provide a recommendation on whether or not you would expand the company’s product line to automotive manufacturing companies located in other countries.”
“OK,” you say. “I can get this to you by Friday morning next week. Is that soon enough?”
“That’s perfect” he says. “Thanks.”
Secondary Task Response:
Review and reflect on the knowledge you have gained from this course. Based on your review and reflection, write at least 3 paragraphs on the following:
What were the most compelling topics learned in this course?
How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?
What approaches could have yielded additional valuable information?
The main post should include at least 1 reference to research sources, and all sources should be cited using APA format.
Summative Discussion Board
In this course, you were introduced to problem-based learning (PBL). Engage in discussion by providing feedback on your experience with PBL, as follows:
How easy was it to understand each of the problems that were presented?
Were you able to find the relevant information that you needed to fully understand the problem?
How did you obtain the knowledge that is necessary to propose a solution for the problems presented?
Did you experience any learning issues?
Assess and reflect on your learning process. What changes or suggestions would you make?
Phase 5 – Task 2
10–15 slides + 150–200 words per slide in the notes
Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.
You’re meeting with Lester in his office to discuss the details of your presentation to the board next week.
“Given all of the research that you have completed over the past several weeks,” he says, “you should have most of the information you need to make a presentation to the board. The board doesn’t want you to do any more research on all of the topics; rather, we want you to summarize the research that you have already done. ”
“Yes,” you say. “I think I have what I need.”
“Of course we want your final conclusion and recommendation on what the company should do regarding the location issue, as well,” he says.
“What type of presentation do you have in mind, Lester?”
“A PowerPoint presentation would be appropriate for this group,” he says. “I want you to include slide notes, too, in case we have to go back and look at something at a later date. Your PowerPoint presentation should contain between 10–15 slides, not including the title slide and reference slide(s). For each slide, you should have between 150–200 words in the Notes sections. Let’s take a few minutes now to go over how the slides should be organized. I’ve done similar presentations, so I can save you some time with a few pointers.”
When you get back to your office, you type out your notes about each element you discussed and the overall organization of the presentation. For this presentation, you are addressing the following elements:
Legal, social, and financial factor considerations
Economic factors: gross domestic product (GDP), inflation, interest rates, unemployment
Elasticity of demand
Economies of scale and efficiency
Strengths, weaknesses, opportunities, and threats (SWOT)
Costs (marginal, fixed, variable, etc.)