Can anyone help write an introduction and conclusion to the report below:When considering global expansion international managersmust decide on the best means of entering an overseas market. The five basic ways to expand oversees areexporting, licensing, franchising, joint ventures, and wholly ownedsubsidiaries. Adding a line of clothesto Travel Wise’s products would mean evaluating new design and manufacturingalternatives both in the U.S. and abroad. I would recommend using a joint venture with a host country company asan entry mode for its new line of travel clothing in the U.S. and foreignmarkets. Joint ventures are formalbusiness agreements. A joint venturecould be beneficial to the company in the U.S. and foreign markets by allowing thehost country company’s knowledge of the markets and industry to take the businessforward profitably. A joint venturecould also be beneficial for Travel Wise to broaden it horizon in the U.S. andforeign markets by introducing new products through an internationally knowncompany familiar with clothing production. A joint venture could also be beneficial for Travel Wise because it cutsdevelopmental and production costs in half. This could be a bad thing when risks are involved. A joint venture with an internationally knowncompany could help Travel Wise to get its new clothing line started and get itrecognized. Internationally knowncompanies can help people see and recognize Travel Wise’s new clothing line asmore than just travel accessories. Disadvantages to joint ventures include loss of control over technology,disagreements, and conflicts between partners. Many companies who enter a joint venture have conflicts over whocontrols what and eventually lose money or fail. Before Travel Wise enters a joint venture,experienced managers should iron out technology, control, and other potentialconflicts that arise when entering new markets.QUESTION1 PART 2Should the clothing be outsourced to suppliers overseas,or should Travel Wise consider building its own manufacturing facility here inthe United States?There are many factors to consider when deciding onwhether to outsource the clothing manufacturing line of business or keep it inhouse. The biggest one is cost. An argument can be made to keep this in theUnited States because when expanding into new products or lines of business, itis advantageous to keep the functions close to home so that they can be closelymanaged and supervised. However, thefacility in this case would be very costly. Travel Wise is already successful in the way they conduct their currentbusiness, outsourcing most of the goods it already sells; this particular lineof business can be performed overseas much cheaper and probably more quickly aswell. Kirsch can discuss Travel Wise’srequirements and negotiate with existing manufacturers that already haveexperience in clothing manufacturing. Shecan even discuss the new ideas with her existing suppliers, maybe one of themcan manufacture and provide these products as well. This could eliminate some of the managementissues of not being readily available and close to the functions, and it couldresult in some financial savings with additional products and volume. So outsourcing is the better option. Although it sounds like Travel Wise has done itshomework, Kirsh can benefit by reviewing some key practices to establish astrategic and balanced outsourcing relationship. Accenture is a world leader in outsourceconsulting as its “experience and global capabilities make us a world leader inapplication outsourcing, infrastructure outsourcing, business processoutsourcing, and bundled outsourcing” (Salvino, 2012). Travel Wise should use an end-to-end approachof the business process, including outsourced processes, create tocollaborative governance to understand everyone’s objectives and to resolveconflicts quickly and fairly, focus on long-term value and not just costreductions, and rely on and use others’ expertise and knowledge (Salvino,2012). By keeping these things in mind,Travel Wise should be successful in its expansion into the clothing line.Learning Team Discussion Responsefor Week 4 (QUESTION 3) There are many different types ofrelationships that Travel Wise could forge in other countries to produceaccurate, up-to-date, insightful travel guides. One of the biggest is to have afriendly, open and honest relationship with the other countries. In order to dothis, Travel Wise must learn the different customs and cultures that othercountries follow. Some countries speak different languages compared to us,others follow different hierarchies and customs compared to our country, and somecountries have different ways of doing business. Take for example, if TravelWise wanted to do business with India, they would need to realize that Indiahave many different languages that they speak, some of them not recognized bytheir own government (India-Language, Culture, Customs and Etiquette, 2004). India has some different and some ofthe same hierarchies compared to us, which are as followed: · The influences of Hinduism and the tradition ofthe caste system have created a culture that emphasizes establishedhierarchical relationships.· Indians are always conscious of social order andtheir status relative to other people, be they family, friends, or strangers.· All relationships involve hierarchies. Inschools, teachers are called gurus and are viewed as the source of allknowledge. The patriarch, usually the father, is considered the leader of thefamily. The boss is seen as the source of ultimate responsibility in business.Every relationship has a clear- cut hierarchy that must be observed for thesocial order to be maintained. (India-Language, Culture, Customs and Etiquette,2004)The Role of the Family is very important toIndia people. The roles of India people are:· People typically define themselves by the groupsto which they belong rather than by their status as individuals.· Someoneis deemed to be affiliated to a specific state, region, city, family, careerpath, religion, etc.· Thisgroup orientation stems from the close personal ties Indians maintain withtheir family, including the extended family.· Theextended family creates a myriad of interrelationships, rules, and structuresand along with these mutual obligations comes a deep-rooted trust amongrelatives. (India-Language, Culture, Customs and Etiquette, 2004). Etiquette and Customsin India are the following: · Religion, education and social class all influencegreetings in India.· This is a hierarchical culture, so greet theeldest or most senior person first.· When leaving a group, each person must be bidfarewell individually.· Shaking hands is common, especially in the largecities among the more educated who are accustomed to dealing with westerners.· Men may shake hands with other men and women mayshake hands with other women; however there are seldom handshakes between menand women because of religious beliefs. If you are uncertain, wait for them toextend their hand (India-Language, Culture, Customs and Etiquette, 2004). Business Etiquette and Protocol in Indiaare the following:· Indians prefer to do business with those theyknow.· Relationships are built upon mutual trust andrespect.· In general, Indians prefer to have long-standingpersonal relationships prior to doing business.· It may be a good idea to go through a thirdparty introduction. This gives you immediate credibility.· If you will be travelling to India from abroad,it is advisable to make appointments by letter, at least one month andpreferably two months in advance.· It is a good idea to confirm your appointment asthey do get cancelled at short notice.· The best time for a meeting is late morning orearly afternoon. Reconfirm your meeting the week before and call again thatmorning, since it is common for meetings to be cancelled at the last minute.· Keep your schedule flexible so that it can beadjusted for last minute rescheduling of meetings.· You should arrive at meetings on time sinceIndians are impressed with punctuality.· Meetings will start with a great deal ofgetting-to- know-you talk. In fact, it is quite possible that no business willbe discussed at the first meeting.· Always send a detailed agenda in advance. Sendback-up materials and charts and other data as well. This allows everyone toreview and become comfortable with the material prior to the meeting.· Follow up a meeting with an overview of what wasdiscussed and the next steps (India-Language, Culture, Customs and Etiquette, 2004).Business Negotiating· Indians are non-confrontational. It is rare forthem to overtly disagree, although this is beginning to change in themanagerial ranks.· Decisions are reached by the person with themost authority.· Decision making is a slow process.· If you lose your temper you lose face and proveyou are unworthy of respect and trust.· Delays are to be expected, especially whendealing with the government.· Most Indians expect concessions in both priceand terms. It is acceptable to expect concessions in return for those yougrant.· Never appear overly legalistic duringnegotiations. In general, Indians do not trust the legal system and someone’sword is sufficient to reach an agreement.· Do not disagree publicly with members of yournegotiating team.· Successful negotiations are often celebrated bya meal (India-Language, Culture, Customs and Etiquette, 2004) Dress Etiquette· Business attire is conservative.· Men should wear dark colored conservativebusiness suits.· Women should dress conservatively in suits ordresses.· The weather often determines clothing. In thehotter parts of the country, dress is less formal, although dressing assuggested above for the first meeting will indicate respect (India-Language,Culture, Customs and Etiquette, 2004). In order for Travel Wise to form a relationship with Indiato produce accurate guides, they need to have an open and honest relationshipwith the country. They also must follow the customs and cultures of the Indiapeople.
Can anyone help write an introduction and conclusion to the
How To Place An Order
- Clіck оn the “Place оrder” tab at the tоp menu оr “Order Nоw” іcоn at the bоttоm, and a new page wіll appear wіth an оrder fоrm tо be fіlled.
- Fіll іn yоur paper’s іnfоrmatіоn and clіck “PRІCE CALCULATІОN” at the bоttоm tо calculate yоur оrder prіce.
- Fіll іn yоur paper’s academіc level, deadlіne and the requіred number оf pages frоm the drоp-dоwn menus.
- Clіck “FІNAL STEP” tо enter yоur regіstratіоn detaіls and get an accоunt wіth us fоr recоrd keepіng.
- Clіck оn “PRОCEED TО CHECKОUT” at the bоttоm оf the page.
- Frоm there, the payment sectіоns wіll shоw, fоllоw the guіded payment prоcess, and yоur оrder wіll be avaіlable fоr оur wrіtіng team tо wоrk оn іt.
Nоte, оnce lоgged іntо yоur accоunt; yоu can clіck оn the “Pendіng” buttоn at the left sіdebar tо navіgate, make changes, make payments, add іnstructіоns оr uplоad fіles fоr the оrder created. e.g., оnce lоgged іn, clіck оn “Pendіng” and a “pay” оptіоn wіll appear оn the far rіght оf the оrder yоu created, clіck оn pay then clіck оn the “Checkоut” оptіоn at the next page that appears, and yоu wіll be able tо cоmplete the payment.
Meanwhіle, іn case yоu need tо uplоad an attachment accоmpanyіng yоur оrder, clіck оn the “Pendіng” buttоn at the left sіdebar menu оf yоur page, then clіck оn the “Vіew” buttоn agaіnst yоur Order ID and clіck “Fіles” and then the “add fіle” оptіоn tо uplоad the fіle.
Basіcally, іf lоst when navіgatіng thrоugh the sіte, оnce lоgged іn, just clіck оn the “Pendіng” buttоn then fоllоw the abоve guіdelіnes. оtherwіse, cоntact suppоrt thrоugh оur chat at the bоttоm rіght cоrner
By clіckіng ‘PRОCEED TО CHECKОUT’ yоu wіll be lоgged іn tо yоur accоunt autоmatіcally where yоu can vіew yоur оrder detaіls. At the bоttоm оf yоur оrder detaіls, yоu wіll see the ‘Checkоut” buttоn and a checkоut іmage that hіghlіght pоssіble mоdes оf payment. Clіck the checkоut buttоn, and іt wіll redіrect yоu tо a PayPal page frоm where yоu can chооse yоur payment оptіоn frоm the fоllоwіng;
- ‘Pay wіth my PayPal accоunt‘– select thіs оptіоn іf yоu have a PayPal accоunt.
- ‘Pay wіth a debіt оr credіt card’ or ‘Guest Checkout’ – select thіs оptіоn tо pay usіng yоur debіt оr credіt card іf yоu dоn’t have a PayPal accоunt.
- Dо nоt fоrget tо make payment sо that the оrder can be vіsіble tо оur experts/tutоrs/wrіters.