The CEO has asked you and Jane to create a chart that he might use as part of his decision process...

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The CEO has asked you and Jane to create a chart that he might use as part of his decision process in deciding what countries in which to locate overseas factories. He also wants an accompanying recommendation summary from an HR perspective.Prepare a 6-column, 5-row chart for the following countries and parameters:Columns (countries) are:JapanMexicoIndiaChinaItalyGermanyRows (factors to research) for each country are:Average manufacturing wageCountry's minimum wageTypical restrictive work rules where there are unionsHow unions enhance or detract from company resultsCountry's unemployment rateIt is unlikely that you will find all of the necessary data in one online database. Instead, you will have to research a number of different ones.In addition, in some cases you may have to make calculations from a "base=100" report to get an actual dollar figure.Ensure that you cite the references used, in proper APA format.Wikipedia is an unacceptable referenceFor minimum wages, try one of the following sites:Minimum wagesList of minimum wages by countryFor unemployment percentages try the following site:Unemployment rate (most recent) by country(be sure to note the year of the data)Your recommendation summary should explain which country you recommend for the future overseas expansion, based solely on the data in your chart.

Aanchal · Accepted Answer

TITLE OF THE ASSIGNMENT (Should not be more than 50 characters including space)
Running Head: INTERNATIONAL BUSINESS 	1
INTERNATIONAL BUSINESS 		6
INTERNATIONAL BUSINESS
Internationalization of Business
Pertaining to globalization and its increasing benefits to the economies, many business organizations desire and strive to expand the scale and scope of their businesses internationally, that may even seem quite appealing to them. By this way, the businesses will be able to capture larger and diverse market, serve variety of customers with their products and services, gain more reputation in the foreign countries and earn more profits as a result of higher sales. However, to note, these business organizations with the intent of expanding their business operations globally have to be aware of the challenges and risks that they might have to face when actually going for such expansion. These challenges can be in the form of:
· Barriers related to one’s own and other country’s language and culture
· Adherence to the statutory and regulatory requirements of that country
· Differences in the product packaging and labeling standards of that country
· Competition with the local competitors of that country
· Differences in the pace at which communication and work is done (Business News Daily, 2019)
However, the business organizations apart from identifying and analyzing the risks and challenges related to the expansion of their business in the overseas market, should also keep into consideration certain factors before approaching the foreign market. These factors are:
· Conforming to the availability of sufficient funds for expansion overseas
· Determine whether to go for strategic alliance with the local business of that country before expansion or not
· Decide upon and structure the required infrastructure for smooth business operations and processes abroad
· Complete all the necessary governmental and legal formalities (Fritsch, Kritikos & Pijnenburg,

The CEO has asked you and Jane to create a chart that he might use as part of his decision process in deciding what countries in which to locate overseas factories. He also wants an accompanying...

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