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Individual Written Assignment. What? Strategic consulting report for an international company seeking to enter Australian market OR an Australian company seeking to enter a foreign market
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Individual Written Assignment What? Strategic consulting report for an international company seeking to enter Australian market OR an Australian company seeking to enter a foreign market • Knowledge of literature: Show that you have read the relevant literature and are aware of the major views held on their chosen topic • Apply this knowledge to a business setting (company/case/business scenario). Format • References in Harvard style should be included in the individual paper. • 3000 - 4000 words excluding references and figures/tables (+/- 5%) When? • One-page abstract about the selected topic and the structure of the paper is due on Week 8 seminar checkpoint feedback and chance to modify • The abstract is compulsory (pass/fail for the assignment): you will be given feedback, but it will not be marked. • individual paper is due via Turnitin before Week 11 lecture
What companies? • Can be well known vs niche companies • Can be non profit vs for profit • But should not be done yet, except if: • “industry segment” guide (consider existing and past cases, e.g. boutique hotel chains entering Australia) • Some examples: • Fred Hollows foundation to South America • Telstra to Indonesia • Wendy’s to Australia • H&M to Australia
What will I mark? Writing Capabilities • Clear and concise delivery of information • Explains ideas, arguments and information clearly, precisely and concisely in language appropriate for the a business document • Accurate vocabulary and grammar • Logical and Coherent Structure • Presents all information logically and persuasively, and structures text coherently and effectively • Professional presentation • Presents document professionally, e.g. no spelling errors, compliance to format requirements, and style/presentation that are highly appropriate for the context • References sources accurately and effectively (in Harvard style) in-text and in reference list.
What will I mark Content • Analysis • Accurately applies, (and critically evaluates where necessary) a range of appropriate theories and research to effectively analyse the entry issue or problem, including insightful evaluation of business decisions/practice in light of ethical, social/cultural considerations • Recommendations • Consistent, effective argument, well-supported by analysis, evidence, theory and research. • Appropriate, feasible and practical recommendations • Evaluates differing perspectives and alternative strategies, acknowledges limitations and constraints of own conclusion/solution
Some “common sense” suggestions • Use analysis and evidence to back up your conclusions • Do not rely on unsupported opinions, over-generalizations, and platitudes as a substitute for tight, logical argument backed up with facts and figures. • Tables and charts are your new best friends • Don’t just tack them on at the end: explain, cite key numbers, highlight key conclusion • Use strategic concepts and analytical tools • Be reasonable and objective. • Don’t gloss over aspects not favorable to your conclusions • try not to exaggerate or overdramatize. • Strike phrases such as “I think,” “I feel,” and “I believe” when you edit your first draft and write in “My analysis (which one?) shows,” instead.
What should be inside? • Executive Summary • Short background of company • Key strategy, competitive position, issues faced • Why go abroad? • Why choose a particular country? • Market size? Resource? Distance? • How should it enter and compete? • Mode of entry • Some implementation issues