Lessons Learned and Opportunities Ahead
Overview and Insights
The world of today is the product of yesterday and is the breeder for the world tomorrow!
Globalization was a certain consequence of the Industrial Revolution, and its growth was the consequence of technological advancements. Economic specialization and the expansion of international trade are the consequences of globalization. And the fast growth of exchange among humans in different continents was a consequence of the internet. And the internet and the long list of social interaction applications that it offers via smartphones has narrowed the cultural understanding gaps among various nations and has produced a generation of consumers (Gen Z) that are more similar in their attitude and outlooks than any other group of consumers. So, have we become a “global village” where everyone loves everyone, and everyone looks like everyone else, and everyone has the same resources and opportunities like everyone else in the world? Can we ignore cultural, social, political, and legal barriers? Can we ditch bad governments and stick with the better ones in other countries and choose their ways of life? Can we sell whatever we want whenever we want to sell it wherever we wish to sell it? Has the world and its population, politics, and globalization stopped evolving? What else is on the horizon?
It was much easier to answer those questions before the beginning of the year 2020—in other words, before COVID-19 hit the world. Did globalization help to overcome the pandemic? Or did it make it worse? In what ways? And what to watch for? And what to be hopeful for? What to avoid? And what to take advantage of in the international market?
The above are among many questions that international business adventurists need to find answers for before they venture into the global market. Opportunities have evolved, but so have risks!
Assignment Description
You need to list and discuss the main lessons that you have learned from this course, opportunities you see on the horizon and in the near future, and threats you predict in the global economy. Also, provide your recommendations to multinational corporations or individual producers who wish to expand internationally and state exactly what they need to do to learn about the market, how to obtain facts, and what to focus on in their approach to the diverse world we live in.
Slide Number Requirements
Three to six slides, not counting the separate Title slide and the separate References slide.
Content Structure and Requirements
· Title Page (slide)
· Title of the presentation
· Name of the author (your name)
· Email address of the author
· Class name
· Professor’s name
· Date
· Content Structure
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Lessons Learned: What are the key facts that you have learned in this course that you had not known before? What lesson(s) have you learned about the diversity of the global market, economies, cultures, and political structures? And why is inclusion in this diverse world important for local communities and foreign investors?
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Global Market Opportunities: In your own words and based on your overall understanding, briefly state the potentials that the international market has based on the state it is in now. Where do the opportunities exist (
region, country, industry, product, idea, etc.)?
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Global Market Risks and Threats: Based on your collective reading and work in this course, what are the major risk factors or sources in the global market today? How will these factors affect the flow of exchange between nations?
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Recommendation for Growth: Provide professional advice to those (corporations or individuals) who wish to expand internationally now. What should they do first before venturing internationally, and what type of knowledge and information do they need to obtain before their move?
