Analyzing Challenges and Opportunities for Canadian Businesses Entering Foreign Markets and the Infl

. Save your assignment as a Word document and name it IBUS3511_A1_YOURLASTNAME.docxPart A: Analyzing Challenges that Canadian Firms EncounterWrite a 2-page summary in which you:•Describe some of the challenges and opportunities for Canadian businesses entering foreign markets. Refer back to some of your readings in this module for ideas and specific examples that support your discussion.Part B: Analyzing the Influence of Globalization on Canadian FirmsWrite a 3–4-page report on the following:1.Using information from the textbook on the drivers for international business, and by researching information from the Internet, present examples of three Canadian companies that are entering or expanding their role in international business.2.For each, identify: Who is the company? Is it a large, medium, or small enterprise? What is the primary good or service it markets? Where does it do business?3.Conduct a preliminary analysis of these three companies’ international business entry modes, identify advantages they may be enjoying, and evaluate whichglobalization forces may be supporting their success. Defend your statements with evidence from the

textbook, company reports, or other literature. The goal is to show your understanding of the challenges and opportunities of international business.NoteKeep in mind that in subsequent assignments you will be developing an in-depth host country profile. Thus, for Part B, it may be advantageous to research companies, products, or services that are of interest to your venture, along with those that might be your potential competitors.Part C: Proposing Your International Business Venturemagine that you are the owner or representative of a firm that has a product or service to take to the international market. First, identify the product or service that you will represent throughout the rest of this course. Then, invest some time researching and considering carefully the venture and its suitability for other countries. Since in subsequent modules you will spend many more hours researching and investigating the merit of this venture, an informed decision at this time will set the stage for both your interest and success in the Assignment 5 Project.Write a two-page proposal for a new international business venture that you will explore throughout the remaining modules in this course. Refer toAppendix A: Suggested Format/Outline for the Assignment 5 Project ProposalHere are guidelines and criteria for the proposal:1.It must be for the establishment of a new business venture in a foreign country (outside Canada), with the assumption that you are a Canadian entrepreneur or business operator planning this venture.2.Clearly identify the product or service, and briefly describe the reasons why you think there is potential for success in launching this product in a global market.3.Draw on information you learned inModule 1, as well as your background and education in business, and any travel experience that may provide you with ideas for a successful new international business venture.4.The proposal should be realistic; that is, the product or service should not be pure fantasy, nor should it be immoral or illegal. You will need to find online resources, so be practical in your choice of country. Try to be creative in your choice, as the Open Learning Faculty Member may ask you to make another selection if it is already selected by others or has been overused in previous course offerings.5.While you do not have to finalize your country at this time, you will be analyzing five to seven countries in order to identify two potential host countries, one of which will be thefocus of your Assignment 5 project. Take time to verify that there is sufficient data available on websites such as Industry Canada, IMF, WTO, and UNDP to make the project possible. You should include the list of websites as an appendix to your