snhu int400 Final Project latest 2017 october

INT 400 Final Project

Overview

The final project for this course is the creation of a risk management report.

In any business situation, a manager will face a series of challenges. This course explores specific contemporary challenges in international business, preparing

you for the managerial decisions that you will make in future courses and in global business. The best approach in addressing these issues and challenges is to

identify and prepare for risks in various international markets. It is essential to be able to identify, evaluate, and categorize risks based on their impact on the

organization and explore how you will address them to maximize your opportunities. This approach will be vital in evaluating the prospects of future

international business pursuits in your professional career.

This project will prepare you for these situations. You will review various case studies representing the Latin American market, from which you will identify,

evaluate, and prioritize risks of the region for the purpose of developing various risk management strategies. You will then defend your strategies based on your

expertise and how you feel they best address the risks that may potentially impact the organization.

The project is divided into two milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final

submissions. These milestones will be submitted in Modules Three and Five. The final submission is due in Module Seven.

In this assignment, you will demonstrate your mastery of the following course outcomes:

? Evaluate the extent to which social, political, economic and environmental challenges impact international business activities

? Develop risk management strategies for addressing contemporary issues in international business at the management level

? Recommend risk mitigation strategies and contingency plans that adhere to legal and ethical standards in international business

? Defend the efficacy of risk management strategies in addressing international management challenges and cross-cultural differences

Prompt

Imagine you have been appointed to the risk committee of the organization represented in the provided case studies. As a member of this committee, you will

work to identify and evaluate risks to your organization and then provide management strategies for addressing those risks.

Specifically, the following critical elements must be addressed:

I. Risk Evaluation: For this part of the project, you will identify and evaluate the extent to which risks in the region may impact the well-being of the

organization.

A. Evaluate the effect of economic risks present in the region that the organization will have to account for. Be sure to use the economic

characteristics of the region in your evaluation.

B. Assess the impact of environmental challenges that the organization will be faced with while operating in this region. Be sure to use the

environmental characteristics of the region in your evaluation. For example, you could consider transportation costs, market demand, and

production regarding operating in the region.

C. Appraise the political atmosphere within this region for its impact on the organization. Be sure to use the political characteristics of the region in

your evaluation. What issues could arise because of political volatility, and how will these impact the organization?

D. Evaluate the effect of the cultural and social risks of the region that will pose a threat to the well-being of the organization. Be sure to use the

cultural and social characteristics of the region in your evaluation.

II. Strategy Development: In this part of the project, you will begin to develop strategies for addressing the previously identified risks. Be sure that your

strategies are informed by your previous analysis of risk.

A. Determine the type of each identified risk based on how it can be addressed by the organization. For example, can any of the risks be minimized

through operational changes? Which of them would require an insurance policy? Can any of them be self-insured by reserving funds?

B. Prioritize the risks and exposures that you have previously identified in order of precedence for the organization to address. Be sure to support

your response with appropriate research.

C. Outline the legal and ethical standards and cross-cultural differences associated with the region that might influence the development of your

risk mitigation strategies.

D. For each of the previously identified risks, develop risk mitigation strategies that:

1. Incorporate the measures that should be taken by the organization in addressing each of the identified risks.

2. Incorporate appropriate legal and ethical guidelines pertinent to the organization and the region the organization is operating in.

3. Illustrate methods for addressing cross-cultural differences pertinent to the organization and the region the organization is operating in.

III. Defense: In this part of the project, you will defend your decisions regarding your strategies. You will compile research and other supporting evidence

before developing a justification for the implementation of your strategies. You will also develop contingency plans should your strategies be ineffective

or inappropriate for the situation.

A. Determine the approximate costs and benefits associated with employing your risk management strategies and explain how this helps to justify

the strategy. For example, are these risk management strategies cost effective for the organization?

B. Explain the importance of addressing cross-cultural differences in the development of risk mitigation strategies. For example, what decisions did

you make differently in order to address cross-cultural differences, and what would happen if you did not factor in these differences?

C. Defend your risk management strategies based on how well they will account for the previously analyzed risks. Be sure to support your

response with appropriate examples and research. For example, how have other organizations approached risk management in similar

situations?

D. Develop a contingency plan should the strategy prove ineffective or inappropriate for the particular situation. Be sure that your contingency

plans align with appropriate legal and ethical standards. For example, how would you prepare for unforeseen circumstances? How would you

advise the organization should something go awry?

Milestones

Milestone One: Risk Evaluation

In Module Three, you will submit Milestone One: Risk Evaluation. As a member of a risk committee, your first step will be to identify and evaluate the extent to

which risks in the region may impact the well-being of the organization. This milestone is graded with the Milestone One Rubric.

Milestone Two: Strategy Development

In Module Five, you will submit Milestone Two: Strategy Development. In this milestone, you will begin to develop strategies for addressing the risks you

identified in Milestone One. Be sure that your strategies are informed by your previous analysis of risk. Take note of the feedback from your instructor on

Milestone One before moving ahead with Milestone Two. You will also resubmit a revised Milestone One with your Milestone Two content. This milestone is

graded with the Milestone Two Rubric.

Final Submission: Risk Management Report

In Module Seven, you will revise Milestones One and Two based on feedback and new information gained throughout the course, develop Section III: Defense,

and submit your complete individual risk management report. It should be a complete, polished artifact containing all of the critical elements of the final project.

This final submission will be graded using the Final Project Rubric.