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What you prefer to have most to least to establish business

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Reference no: EM131051163

Business Essay

Write a 6-paragraph essay that answers the following question using the sources in the bottom:

You have decided to open a business in Tijuana, Mexico (a developing county). Please order the tool boxes below in order of what you would prefer to have most to least" in order to establish and sustain your business. Please provide brief definitions for the items in quotes and rationale for your ordering.

• Tool Box 1: One-time comprehensive "due-diligence" report and "integrated strategy"
• Tool Box 2: Understand a single "political risk" cycle
• Tool Box 3: Have a "business plan" created to enter the Market
• Tool Box 4: Recurrent complete "due-diligence" report.
• Tool Box 5: Understand the recurrent "corruption" culture.

Study Guide

I. Globalization

Roderick, D. (2006) ‘Goodbye Washington consensus, hello Washington Confusion?' Journal of Economic Literature, 44 (December): 969-983

Friedman, T. (2009) The World is Flat, online video, accessed 17 Jan 2012 from https://www.youtube.com/watch?v=53vLQnuV9FY

Ghemawat, P. (2007) "Why the world isn't flat", Foreign Policy, March / April 54-60.

II. Business Strategy

Barron, D. (1995) ‘Integrated strategy: market and non-market components' California Management Review, 37 (Winter): 47-6

Porter, Michael (2008) ‘The five competitive forces that shape strategy' Harvard Business Review, January: 79-93.

III. Corruption and Ethical Considerations for conducting Globalized Business

Rose-Ackerman, S. (2002) ‘"Grand" Corruption and the Ethics of Global Business', Journal of Banking and Finance, 26;1889-1918

Donaldson, T. (1996). ‘Values in Tension: Ethics Away from home', Harvard Business Review, September - October, 48-62

Khanna, T., Pelepu, K. and Sinha, J. (2005) ‘Strategies that fit emerging markets' Harvard Business Review, 86(6): 63-76

The Corporation. Dir. Jennifer Abbott and Mark Achbar. Perf. Noam Chomsky, Michael Moore, Milton Friedman. 2003. Youtube Video. (The first 39 minutes)

IV. Managing Global Supply Chains

Fine, C. (1998) ‘The Secret of Life: Harnessing the Power of Double Helix', Chapter 4 in Clockspeed: Winning Industry Control in the Age of Temporary Advantage, Perseus Books, London

Fine, C. (1998) ‘The Primary of Chains: Capability Chains Make a Business'. Chapter 5 in Clockspeed: Winning Industry Control in the Age of Temporary Advantage, Perseus Books, London

Palmisano, Smuel J. (2006) ‘The Globally Integrated Enterprise', Foreign Affairs, 85(3): 127-136

V. Classic Political Risk Management Issues (Vaaler, 2012)

Sethi, S. and Luther, K. (1986) "Political risk analysis and direct foreign investment: some problems of definition and measurement' California Management Review, 28(2): 57-68

Emerging democracies and political business cycles (Vaaler, 2012a)

Martinez, J. and Santiso, J. (2003) ‘Financial markets and politics: the confidence game in Latin America Emerging Countries', International Political Science Review, 24: 363-395.

Vaaler, P., Scharage, B. and Block, S. (2005) ‘Counting the investor vote: political business cycle effects on sovereign bond spreads in developing countries', Journal of International Business Studies, 36: 62-88.

VI. Lecture Notes

All class lectures through 4/27/16

VII. Text Book

The Globalization Paradox Chapters 2 and 3".

Reference no: EM131051163

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