Labor standards and laws and regional economic agreements

Assignment 1: Standardization versus Adaptation

Companies that have operations in different markets have to continuously face the challenge of choosing between providing standard products to all the markets that they serve, or adapting their current products and lines of products to match local demands and needs.
Using the University online library resources, locate a minimum of four (4) different scholarly sources on this subject, then respond to the following:

Identify the main elements of a national business environment that could influence the standardization-versus-adaptation decision.
Provide two examples of multinational companies that use standardization and two examples of multinational companies that adapt their products/services. Describe/predict the current/potential future outcomes of those decisions.

Give reasons in support of your responses. Be sure to cite any relevant resources.

Write your initial response in 500 words. Your response should be thorough and address all components of the discussion question in detail; include citations of all sources, where needed, according to the APA style; and demonstrate accurate spelling, grammar, and punctuation.
By Friday, September 11, post your response to the below Discussion Area.

Assignment 2: Regional Economic Integration and Internationalization

Labor standards play an important role in business decisions for most industries. The level of unionization of a country, as well as the minimum wage and other labor-related regulations, can pose a challenge for any company considering operations in a specific country and/or region of the globe. Another key component in companies deciding to which country operations should be extended is the degree of regional economic integration. Agreements such as NAFTA (North American Free Trade Area), Central America Free Trade Agreement (CAFTA), and MERCOSUR (Southern Common Market) exempt some products that circulate among member countries from tariffs. This creates a competitive advantage for companies that have operations in one of those countries and want to export to the other members.

Directions

Using University online library resources and the Internet, research such trade agreements and select at least three (3) peer-reviewed, academic resources (beyond the assigned readings) for use in this assignment.

Complete the following in a report:

Identify two international manufacturing companies that have recently started operations in two different countries and are facing challenges in adapting to new laws and accepted practices. Be sure to select a company that is setting up operations in a country that has workforce, trading, and tariff and non-tariff barriers. In addition, select a company that is setting up operations in a country with regional economic agreements and integration that are likely to facilitate smooth operations.

Analyze the decisions they have made regarding labor standards, laws, and regional economic agreements.

Evaluate the challenges each organization faced after having entered those new markets, and how existing competitive advantages helped them overcome those challenges.

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