Preview

Brics And Mitsk Project Week4

Satisfactory Essays
Open Document
Open Document
509 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Brics And Mitsk Project Week4
Matt Overstrom
Brics and Mitsk Project
China
Objective
This project introduces the Brics and Mitsk countries and integrates the concepts presented in weeks 1-4. It also provides a common foundation for future discussions.
Guidelines
Prepare a PowerPoint Presentation based upon a Brics and Mitsk Country: Brazil, Russia, India, China South Africa, Mexico, Indonesia, Turkey and South Korea. These countries have been identified as important emerging countries that are significant economic powers individually, as well as becoming the basis of an important new economic group. It is important to develop an understanding of these countries - for the purposes of understanding global business strategy, and the opportunities and threats they pose.

Your country choice should be approved by your professor in Week 1.
• Please develop a set of slides that would help an organization contemplating doing business in the country you have been assigned.
• Please focus you analysis on Porter’s Diamond of National Advantage. *** Below****

• Please provide images and key facts that capture the economic conditions and culture.
• Please develop a presentation with approximately 15 slides.
Related and Supporting Industries
Related and supporting industries are those where firms coordinate or share activities in the value chain or value system, when an industry is vertically, forwardly or backwardly integrated. Porter asserted that the presence of supporting and related domestic industries that are internationally competitive can provide benefits such as innovation, upgrades, information flow, and shared technology development which create advantages in downstream or upstream industries. Therefore, success of an industry is particularly likely if the nation has a competitive advantage in a number of related or supporting industries. The automotive industry is closely tied to the auto components industry through alliances and other financial arrangements. This is particularly true in

You May Also Find These Documents Helpful

  • Good Essays

    Within the international trade the task of comparative advantage is massive and it can be referred to other as the capability of a country or company to manufacture a particular good or service at a lower opportunity cost than the other competitive country or company.…

    • 903 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    COURSE DESCRIPTION: This course on Global Business Strategy introduces, explores and applies the major concepts, tools, and techniques of global strategy formulation and implementation. The subject focuses on developing strategies for and on managing the operations of companies whose activities cross national boundaries.…

    • 1005 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    While the Asian tigers still command significant power in the global economy (all are within the top 40 largest economies), many people would argue that the BRICS (Brazil, Russia, India, China and South Africa) are now the main focus of development and the potential superpowers of the future global economy, with all of these economies being within the top 25 largest economies. While all of them have the potential to be global economic superpowers, with some arguing that China with is current rates of 7% growth and a budget surplus of 10% already is, people must remember that these economies are still developing, and, on their own, cannot be the focus of the global economy alone. The developed economies are driving the development of the BRICS…

    • 1428 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    · Explain why the process or procedure produces a competitive product or service in the domestic and global markets.…

    • 493 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    BRICs and MITSk Project

    • 794 Words
    • 3 Pages

    The purpose of this project is to introduce the BRICS and MITSK countries identified as important emerging economic countries and important basis of a new economic group that each country possesses significant individual economic power as well. Also, to understand the global business strategy and the threat and opportunities they possess. First there were the "Brics" - now there 's "Bric 'n ' Mitsk." Jim O 'Neill, the economist who coined the term Brics to describe Brazil, Russia, India and China, is adding Mexico, Indonesia, Turkey, and South Korea to the original four countries to create a new grouping of growth markets. (Jim O Neill – Business Blog “The Guardian”)…

    • 794 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The project consists of two parts, an international investment report and a summary presentation. A draft of the summary report is due in Module Five to scaffold learning and ensure quality final submissions. The final draft of the investment report and summary presentation are submitted in Module Ten.…

    • 1109 Words
    • 6 Pages
    Satisfactory Essays
  • Powerful Essays

    International companies repeatedly make decisions about where to invest, where to conduct research and development, and where to manufacture products. The country or area in which an investment is made or a laboratory, research facility, or manufacturing plant is located can benefit as jobs are created, new or improved technology becomes available, or products are produced that can be exported or substituted for imports.…

    • 1278 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    When each of two parties has an absolute advantage over the other in producing a particular good or service, it is easy for both to decide their areas of specialization. But what happens when one party' can produce both goods and services more effi¬ciently than a second party? Should the party with the absolute advantage produce both products for itself? Although this party has the advantage in producing cither good, it should specialize in producing the good in which it has a comparative advantage. Comparative advantage is the ability to produce a good or service at a lower opportunity cost than other producers facc. 1’his means lerting the other party produce the good in which it has the lower opportunity cost. Total output will be greater, and exchange will allow both parties to have both goods.…

    • 500 Words
    • 2 Pages
    Good Essays
  • Good Essays

    ← Businesses are interdependent as one relies on another for further manufacturing of the product and after distribution.…

    • 6798 Words
    • 28 Pages
    Good Essays
  • Powerful Essays

    In the midst of economic situation, when the United States and European countries has face trouble, the BRIC has gained a economic development and international influences and to be a reflection of the viewers’ own international problem. Can these four countries create a dream that makes ‘the BRIC’ dominates the world? Or their association is only a fictitious and temporary impact do not bring anything to increase their global position? For BRIC to be a global economic power that will help to increase its members’ political position, the biggest factor is the commitment to support its member. Certainly it is not easy to make a national commitment to the absence of a clear benefit that they gained from their presence in the organization.…

    • 3267 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Meet the Brics

    • 338 Words
    • 2 Pages

    1. Map the proposed sequence of evolution of the economy of the BRICs. What indicators might companies monitor to guide their investments and organize their local market operations?…

    • 338 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    5. GPF. "Global Policy Forum." Globalization. University of Michiga, n.d. Web. 23 Apr. 2013. <http://www.globalpolicy.org/globalization.html>.…

    • 1609 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    BRICS

    • 1142 Words
    • 7 Pages

    •BRICS members are all developing or newly industrialized countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs. •3 billion people, or approximately 40% of the world population, 20% of the gross world product. POLITICS • The emergence of BRICS could pose a political challenge to traditional power blocks comprising of the US, EU and Japan- new multilateral leadership. • The political influence of BRICS stems from the fact that the states are active members of leading international organisations such as the United Nations and G20.…

    • 1142 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Bric

    • 2366 Words
    • 10 Pages

    1. Introduction Jim O’Neill, global economist at Goldman Sachs, coined the term BRIC countries in 2001 and argued that the economic potentials of the emerging markets of Brazil, Russia, India, and China are immense in the decades to come. BRIC countries have performed amazingly well over the last decade. In many cases, they have far outperformed the advanced industrialized countries in terms of economic growth and assessments by ratings agencies. As the first year of new decade has past, economists are wondering if BRIC countries could retain the momentum for their economy surging. Will China experience a hard landing? Will a decline in commodity prices hit Latin America? All these concerns would exert considerable influence on BRICS’ economical development. In this paper, firstly, it presents good performance of BRIC countries in the past decades. Secondly, this paper is focused on analyzing why and how the BRIC countries became the most important emerging economies. I selected 3 driven forces- commodity market, FDI and export into deep studying. Lastly, responding to the topic, I refer to Goldman Sachs’s outlook for BRIC countries. 2. Strong growth performance Between 2000 and 2008, the BRICs contributed almost 30% to global growth in US Dollar terms (see table 1), compared with around 16% in the previous decade. Since the start of the crisis in 2007, the BRICs’ contribution has risen even more. The BRICs have contributed over 50% of global growth (measured in USD terms) from 2007-2010. In recent years, the BRICs have continued their steady climb up the global rankings of economies by size, as measured by US Dollar denominated GDP. 2009-10 proved to be watershed years in this regard. China moved past Japan to become the world’s second largest economy. Brazil passed Spain and Italy to become the seventh-largest economy, and is now fast approaching the UK. India and Russia both jumped over Spain to move into ninth and eleventh…

    • 2366 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    BRICS Research report

    • 909 Words
    • 3 Pages

    BRICS as a group has evolved as important Bloc in the world. As the BRICS nations have distinguished from other emerging markets by their economic and demographic potential to rank among the world’s largest and most influential economies in the 21st Century.…

    • 909 Words
    • 3 Pages
    Satisfactory Essays