currency depreciation eventually trickles B u s i n e s s F i n a n c e

PART 1

Write a 250- to 300-word response to the following:

Discuss the external factors that impact organizations when expanding globally. How could you use Porter’s 5-Factor Model to formulate strategies for global expansion?

Include your own relevant experience as well as 2 citations that align with or contradict your comments as sourced from peer-reviewed academic journals, industry publications, books

PART 2

Reply in 150 words

When it comes to external factor we need to be ready and on our toes in order to make sure it doesn’t affect us. According to Ran, (2019), “The global economy is one of the biggest external factors that will, at some time, affect your business.” Markets rise and fall based on politics, terrorism attacks, wars and currency depreciation eventually trickles down to most commercial companies. In today’s current global economy, according to WEO, (2021), we are at a, “projected to grow 5.9 percent in 2021 and 4.9 percent in 2022, 0.1 percentage point lower for 2021.”

The good thing is that there are many benefits in a global economy and they include, free trade, which is an excellent method for countries to exchange goods and services. Also, the good thing is increased investment due to the presence of the global economy, it has become easier for countries to attract short-term and long-term investment.

PART 3 (literature attached)

Write a 250- to 300-word response to the following:

Pose a question based on the literature. Provide background leading up the question, use supporting references, and answer your own question.

Include your own relevant experience as well as 2 citations that align with or contradict your comments as sourced from peer-reviewed academic journals, industry publications, books,

PART 4

Reply in 150 words

How can identifying and evaluating external opportunities and threats have a positive outcome on an organization?