all the needed material is provided. the main assignment to complete is milestone two. but in order to complete milestone two you must first correct the issues with modular three. the incorrectly completed modular three is provided as well as the feedback from the instructor and the instructions for both modular three and milestone two
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Feedback for 3-2 Assignment: Economic and Political
Environments Comparison
Submission Feedback
Overall Feedback
David, you did not upload the Economic and Political Environments
Comparison paper. You included the Business Brief, which is
Milestones 1, 2, and the final paper. This assignment used a different
template and requested application of data, comparison of 3 countries,
and a conclusion that ranked the countries based on the collected
data. Please reach out with any questions. Thank you, Dr. Grant
______________________
Hello, I hope you are well. I have entered a placeholder grade as it
looks like you missed the Political and Environmental Comparison
assignment, which is worth 70 points. I don’t want to see you miss out
on those important points. The good news is that our late policy allows
for submissions up to 1 week late with only a 10% deduction, which
means there are still a lot of points left to earn. If you have any
questions about the assignment, please don’t hesitate to reach out. My
email address is k.grant1@snhu.edu.
I look forward to reading your paper!
Dr. Grant
Rubric Name: INT 220 Module Three Assignment Rubric
Print
Criteria
Application
of Data
Political
and
Economic
Data
Collection
Ranking
and
Rationale
Articulation
of
Response
Citations
and
Attributions
Exemplary
Proficient
Needs Improvement
Not Evident
Criterion
Score
30 points
25.5 points
16.5 points
0 points
0 / 30
Exceeds
proficiency in an
exceptionally
clear, insightful,
sophisticated, or
creative manner
Describes initial thoughts on
how insights from the
required data to be
collected could help inform
business decisions
Shows progress toward proficiency,
but with errors or omissions; areas for
improvement may include providing
further description of how data
insights could be used to inform
business decisions
Does not attempt
criterion
15 points
15 points
11.25 points
0 points
Completes the table in the
provided template by
finding the appropriate
information and data points
for each identified category
using course and external
resources
Shows progress toward proficiency,
but with errors or omissions; areas for
improvement may include use of
external resources to find the
appropriate information and data
points for each identified category
Does not attempt
criterion
30 points
25.5 points
16.5 points
0 points
Exceeds
proficiency in an
exceptionally
clear, insightful,
sophisticated, or
creative manner
Ranks the appropriateness
of the three markets and
provides a rationale
explaining the rankings
based on the data gathered
and product being
introduced
Shows progress toward proficiency,
but with errors or omissions; areas for
improvement may include providing a
further data-supported rationale to
explain the selected rankings,
especially regarding the most
appropriate market
Does not attempt
criterion
10 points
8.5 points
5.5 points
0 points
Exceeds
proficiency in an
exceptionally
clear, insightful,
sophisticated, or
creative manner
Clearly conveys meaning
with correct grammar,
sentence structure, and
spelling, demonstrating an
understanding of audience
and purpose
Shows progress toward proficiency,
but with errors in grammar, sentence
structure, and spelling, negatively
impacting readability
Submission has
critical errors in
grammar, sentence
structure, and
spelling,
preventing
understanding of
ideas
15 points
12.75 points
8.25 points
0 points
Uses citations for
ideas requiring
attribution, with
few or no minor
errors
Uses citations for ideas
requiring attribution, with
consistent minor errors
Uses citations for ideas requiring
attribution, with major errors
Does not use
citations for ideas
requiring
attribution
N/A
This level is
not
applicable for
grading of
this criterion.
0 / 15
0 / 30
0 / 10
0 / 15
Total
0 / 100
Overall Score
Exemplary
Proficient
Needs Improvement
Not Evident
Score
0 / 70 – F
Feedback Date
Jun 5, 2024 1:42 PM
Assignment
3-2 Assignment: Economic and Political Environments Comparison
Submission ID
43686304
Done
Submission(s)
INT 220 Business Brief Template Course Projec… (58.73 KB)
Turnitin® Similarity
Date Submitted
29 %
Jun 2, 2024 9:56 PM
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Milestone Two Guidelines and Rubric
Milestone Two Guidelines and Rubric
Listen
INT 220 Milestone Two Guidelines and Rubric
Overview
In this course, you have explored the elements of a market profile, including cultural, political, and economic aspects, and looked at the legal
and regulatory market considerations. In this milestone, you will complete the next part of your course project by creating a market profile for
your chosen country and creating legal and regulatory considerations.
Scenario
You are a business analyst working at a small, domestic organization that produces high-quality cell phone cases. Your organization has begun
to see its sales flatten in the domestic market. While the organization is not losing money, leadership would like to explore options to continue
to grow. One option that leadership has noticed competitors attempting is entering international markets.
You have been asked to examine the benefits, drawbacks, and key considerations for your organization to enter one of the global markets
below, and summarize your findings in a business brief for leadership.
Continue to use your selected market from Milestone One. As a reminder, the options for international markets are:
Argentina
Brazil
China
India
Indonesia
Japan
Nigeria
Russia
South Africa
If you would like to use another country for your final project please reach out to your instructor.
Prompt
In this milestone, you will continue to use the Business Brief Template (located in the Guidelines for Submission section of this document) to
complete Section Two. Use course resources as well as the INT 220 Library Guide to support your responses.
Specifically, you must address the following rubric criteria:
Market Profile
Profile: Explore and explain the cultural, political, and economic environment of your selected market to help inform future business
decisions regarding expansion from the domestic market.
A. Cultural Profile
Profile: Compare and contrast important cultural elements of your selected market against those in the domestic market,
including communication, dimensions of culture, attitudes, common business etiquette and practices, and at least five other important
aspects of culture.
B. Political and Economic Profile
Profile: Compare and contrast important political and economic factors for your selected market against those
in the domestic market, including political systems and ideologies, current leaders, economic measures or characteristics used in
classification, and government intervention on trade.
C. Legal and Regulatory Profile: Compare and contrast important legal and regulatory requirements of your selected market against those
in the domestic market, including trade restrictions, regulations of products or services, legal processes for business transactions, and
import restrictions or documentation.
What to Submit
Template
Template: Business Brief
Submit the template as a 500- to 650-word Microsoft Word document. As you completed Section One for Milestone One, the template you
submit for this milestone should have Section One and Section Two completed. Sources should be cited according to APA style.
Milestone Two Rubric
Needs
Improvement
(55%)
Criteria
Exemplary (100%)
Proficient (85%)
Market Profile:
Cultural Profile
Exceeds proficiency
in an exceptionally
clear, insightful,
sophisticated, or
creative manner and
compares and
contrasts more than
the required cultural
elements
Compares and
contrasts important
cultural elements of
the selected market
against the domestic
market, including
communication,
dimensions of
culture, attitudes,
and common
business etiquette
and practices
Shows progress
toward proficiency,
but with errors or
omissions; areas for
improvement may
include adding
further analysis and
detail to the cultural
comparison
Does not attempt
criterion
25
Market Profile: Exceeds proficiency
Political and
in an exceptionally
Economic Profile clear, insightful,
sophisticated, or
creative manner
Compares and
contrasts important
political and
economic factors for
the selected market
against those in the
domestic market,
including political
systems, leaders,
ideologies, economic
measures or
characteristics, and
government
intervention on
trade
Shows progress
Does not attempt
toward proficiency, criterion
but with errors or
omissions; areas for
improvement may
include adding
further analysis and
detail to the political
and economic
comparison
30
Market Profile:
Legal and
Regulatory
Profile
Exceeds proficiency
in an exceptionally
clear, insightful,
sophisticated, or
creative manner
Compares and
contrasts important
legal and regulatory
requirements of the
selected market
against those in the
domestic market,
including trade
restrictions,
regulations of
products or services,
legal processes for
business
transactions, and
import restrictions
or documentation
Shows progress
toward proficiency,
but with errors or
omissions; areas for
improvement may
include adding
further analysis and
detail to the legal
and regulatory
comparison or
comparing
additional relevant
factors
Does not attempt
criterion
25
Articulation of
Response
Exceeds proficiency
in an exceptionally
clear, insightful,
sophisticated, or
creative manner
Clearly conveys
meaning with
correct grammar,
sentence structure,
and spelling,
demonstrating an
understanding of
audience and
purpose
Shows progress
toward proficiency,
but with errors in
grammar, sentence
structure, and
spelling, negatively
impacting
readability
Submission has
critical errors in
grammar, sentence
structure, and
spelling, preventing
understanding of
ideas
10
Citations and
Attributions
Uses citations for
ideas requiring
attribution, with few
or no minor errors
Uses citations for
ideas requiring
attribution, with
consistent minor
errors
Uses citations for
ideas requiring
attribution, with
major errors
Does not use
citations for ideas
requiring attribution
10
Total:
100%
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INT 220 Business Brief Template
Course Project
Directions (This section can be removed prior to submitting this as your final project in Module Seven):
Complete this template by replacing the bracketed text with the relevant information. Use evidence
from course and outside resources to support your explanations. Be sure to use complete sentences to
address each section of the template.
You will be working on this template throughout the course, progressing toward the submission of the
completed template as your final project in Module Seven. For Milestone One, you will complete Section
One of the template; for Milestone Two, you will complete Section Two of the template; and in Modules
Six and Seven, you will work to incorporate any feedback received on your prior milestone submissions,
as well as work to complete Section Three of the template, before submitting the finalized template for
your final project submission.
Section One: Drivers for Global Entry
Country Selection
India
Purpose of Global Expansion
– Access to New Markets: By entering India, a company can tap into one of the worlds top consumer’s
market
– Diversification: Global expansion can reduce a company’s dependence on its domestic market.
– Economies of Scale: Expanding to India can allow a company to increase production and lower cost per
unit through economies of scale.
Business Impacts of Global Business
– Strategic Planning: Companies may need to adapt their strategies to align with India’s unique business
environment, regulatory framework, and consumer preferences.
– Marketing: Global expansion necessitates understanding local consumer behavior in India and
customizing marketing campaigns to resonate with Indian customers.
– Supply-Chain Management: Operating in India may require re-evaluating supply chain logistics to
ensure efficiency and cost-effectiveness.
– Human Resources: Expanding into India will likely involve hiring local employees, which entails
understanding Indian labor laws, employment practices, and cultural workplace norms.
Societal Impacts of Global Business
– Culture: The presence of international companies in India has led to cultural exchange and the
introduction of foreign products and ideas.
– Transportation: Increased global business can lead to improved transportation networks to meet the
demand for the distribution of goods.
– Employment: The entry of foreign companies into India creates job opportunities and can contribute to
skill development.
– Infrastructure: International business expansion often drives improvements in local infrastructure to
support increased economic activity.
– Environmental Climate: Global business operations can impact the environmental climate, both
positively, with the introduction of green technologies, and negatively, through increased carbon
emissions.
Cultural Considerations for Global Business
– Customs and Norms: Adapting to local customs, holidays, and social norms is important for integrating
into the Indian market.
– Consumer Behavior: Studying consumer preferences and purchasing behavior in India can guide
product development and marketing strategies.
Section Two: Market Profile
Cultural Profile
[Compare and contrast important cultural elements of your selected market against those in the
domestic market, including communication, values and attitudes, cultural dimensions, and so on. You
may fill in the chart below in order to use data and statistics to support your comparisons. Note that
tables require only words, phrases, and/or numbers, not complete sentences.]
Category
Commonly Spoken Languages
Commonly Practiced Religions
Power Distance Index (PDI)
Individualism Versus
Collectivism (IDV)
Motivation Towards
Achievement and Success
(MAS)
Uncertainty Avoidance Index
(UAI)
Long-Term Orientation Versus
Short-Term Normative
Orientation (LTO)
Indulgence Versus Restraint
(IVR)
United States
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert Country Selection From
Course Project]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
Political and Economic Profile
[Compare and contrast important political and economic factors for your selected market against those
in the domestic market. Factors should include political systems and ideologies, current leaders,
economic measures or characteristics used in classification, and government intervention on trade.]
Category
Political System
Current Leaders
Economic Classification
Economic Blocs Impacting
Trade
United States
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert Country Selection From
Course Project]
[Insert information.]
[Insert information.]
[Insert information.]
[Insert information.]
Category
Gross Domestic Product
Purchasing Power Parity
Gross Domestic Product Per
Capita
United States
[Insert information.]
[Insert information.]
[Insert information.]
[Insert Country Selection From
Course Project]
[Insert information.]
[Insert information.]
[Insert information.]
Legal and Regulatory Profile
[Compare and contrast important legal and regulatory requirements of your selected market against
those in the domestic market, including trade restrictions, regulations of products or services, legal
processes for business transactions, and important restrictions or documentation.]
Section Three: Market Considerations
Monetary Considerations
[Explain how monetary considerations, such as currency, exchange rates, and exchange-rate
management, would impact the organization’s decision to expand into your selected market, using
current exchange rates between your selected country and the United States to support your
explanations. Complete the table below to support your explanations using current exchange rates.]
Category
Exchange Rate
The U.S. Dollar
[Insert information.]
[Insert Country Selection From
Course Project’s Currency]
[Insert information.]
Management and Logistics Considerations
[Explain management and logistics practices that best address human-resource considerations for your
selected market, such as management approaches or staff and labor laws, and their impact on policies
and procedures.]
Mode of Entry Considerations
[Describe advantages and disadvantages for traditional modes of entry that would be most appropriate
for entering into your selected market.]
References
India – market entry StrategyIndia – market entry strategy. India – Market Entry Strategy | Privacy Shield.
(n.d.). https://www.privacyshield.gov/ps/article?id=India-market-entrystrategy#:~:text=Some%20of%20the%20important%20points,informal%20sector%20in%20your%20plan
ning%3B
75. (n.d.). India – market entry strategy. International Trade Administration | Trade.gov.
https://www.trade.gov/country-commercial-guides/india-market-entry-strategy
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Module Three Assignment
Guidelines and Rubric
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INT 220 Module Three Assignment
Guidelines and Rubric
Overview
There are many factors that should be examined when considering a new international market. In
this assignment, you will explore how a company can qualify or quantify economic factors of
markets and how it can influence the process of selecting a new market for a product. As you
complete this assignment, consider how the lessons learned and resources used can be applied to
your course project.
Prompt
You are an international trade consultant ranking the overall quality of various international
markets for a product of your choosing. Select a product you would be interested in introducing to
a new market, then complete the Module Three Assignment Template (located in the Guidelines
for Submission section of this document). Then rank your recommendations for a new market and
justify your rankings using key economic and political data points. Examples of products include
digital cameras, activity trackers, curtains, coffeemakers, and so forth.
Specifically, you must address the following rubric criteria:
Application of Data
Data: Describe your initial thoughts on how insights from the required data to
be collected could help to inform business decisions. For example, consider what information
each data point provides, whether you think some data points should be weighted more or less
heavily than others in making a business decision, what ideal data points might look like for
expansion into a new market for your product, the ways that different political systems may
impact a decision, and so forth.
Political and Economic Data Collection
Collection: Complete the table in the provided template by
finding the appropriate information and data points for each identified category using course
and external resources.
Ranking and Rationale
Rationale: Rank the appropriateness of introducing your selected product into
the three markets from “most appropriate” to “least appropriate” using the gathered political
and economic data you collected, then provide a rationale for why you ranked the markets the
way you did on the basis of the data you gathered.
What to Submit
Submit the completed Module Three Assignment Template. In Sections One and Three, complete
sentences should be used. In Section Two, numbers are appropriate. Sources should be cited
according to APA style.
Module Three Assignment Rubric
Needs
Improvement
Criteria
Exemplary
Proficient
Application
of Data
Exceeds
proficiency in
an
exceptionally
clear,
insightful,
sophisticated,
or creative
manner
(100%)
Describes
initial thoughts
on how
insights from
the required
data to be
collected could
help inform
business
decisions
(85%)
Shows
Does not
progress
attempt
toward
criterion (0%)
proficiency,
but with errors
or omissions;
areas for
improvement
may include
providing
further
description of
how data
insights could
be used to
inform
business
decisions
(55%)
30
Political and N/A
Economic
Data
Collection
Completes the
table in the
provided
template by
finding the
appropriate
information
and data
points for each
identified
category using
course and
external
resources
(100%)
Shows
Does not
progress
attempt
toward
criterion (0%)
proficiency,
but with errors
or omissions;
areas for
improvement
may include
use of external
resources to
find the
appropriate
information
and data
points for each
identified
category (75%)
15
Ranking and Exceeds
Rationale
proficiency in
an
exceptionally
clear,
insightful,
sophisticated,
or creative
manner
(100%)
Ranks the
appropriatene
ss of the three
markets and
provides a
rationale
explaining the
rankings based
on the data
gathered and
product being
introduced
(85%)
Shows
Does not
progress
attempt
toward
criterion (0%)
proficiency,
but with errors
or omissions;
areas for
improvement
may include
providing a
further datasupported
rationale to
explain the
selected
rankings,
especially
regarding the
most
appropriate
market (55%)
30
Articulation
Articulation Exceeds
of
of Response
Response proficiency in
an
exceptionally
clear,
insightful,
sophisticated,
or creative
manner
(100%)
Clearly
conveys
meaning with
correct
grammar,
sentence
structure, and
spelling,
demonstrating
an
understanding
of audience
and purpose
(85%)
Shows
progress
toward
proficiency,
but with errors
in grammar,
sentence
structure, and
spelling,
negatively
impacting
readability
(55%)
Submission
has critical
errors in
grammar,
sentence
structure, and
spelling,
preventing
understanding
of ideas (0%)
10
Citations
Citations
Uses citations
and
and
for ideas
Attributions
Attributions requiring
attribution,
with few or no
minor errors
(100%)
Uses citations
for ideas
requiring
attribution,
with
consistent
minor errors
(85%)
Uses citations
for ideas
requiring
attribution,
with major
errors (55%)
Does not use
citations for
ideas requiring
attribution
(0%)
15
Total:
Total:
100%
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INT 220 Business Brief Template
Course Project
Section One: Drivers for Global Entry
Country Selection
India
Purpose of Global Expansion
The Indian market is an excellent opportunity to attract one of the world’s largest consumer
markets and increase revenues (Privacy Shield, n.d). This market expansion enables companies to spread
their risks and be less vulnerable to shocks back home. Thus, it is insurance for their products. Expanding
to India makes it possible for companies to realize economies of scale since production increases reduce
the cost per unit, making the business economical.
Business Impacts of Global Business
Global business requires effective strategies aligning with India’s environment, business
regulations, and consumer trends (Vissak et al., 2020). Marketing locally in India differs from other
countries because the consumers’ behavior differs, so engaging campaigns must be created. Supplychain management is another area that requires reconsideration in light of the new realities and the
necessity to increase efficiency and reduce expenses in the Indian environment. At the same time, the
execution of the human resource plan depends on the local regulation of employment relations and the
cultural peculiarities of the Indian workforce.
Societal Impacts of Global Business
The operation of international firms brings the world’s cultures through products and new
concepts into society. This can also replenish the local culture and, at the same time, cause companies
to respect the customs/etiquette/practices of Indians. This is why changes to the various transportation
networks are seen when more global business is achieved to meet distribution necessities, leading to a
domino effect that enhances the overall economy. The jobs from other countries’ companies explain
employment creation, skills enhancement, and economic progress. Moreover, internationalization
usually implies infrastructure development for supporting executing business activity in another
country. Nevertheless, the external factors related to business activities on a global level need special
consideration. Nonetheless, using green technologies can have a positive impact since industrial
activities increase carbon emissions.
Cultural Considerations for Global Business
The culture of a nation plays a significant role in carrying out businesses worldwide (Trade.gov,
n.d). Cultural sensitivity regarding festivals and social values is a positive way for organizations to
assimilate into the Indian business environment and customer and employee relations. Consumer
awareness and demands in India help define the products and their marketing since the company aims
to satisfy the needs and expectations of this market. Thus, understanding and accepting the identity of
India makes a company credible and receptive to the local market.
Section Two: Market Profile
Cultural Profile
Category
United States
Commonly Spoken Languages
English (official)
Commonly Practiced Religions
Power Distance Index (P.D.I.)
Individualism Versus
Collectivism (I.D.V.)
Motivation Towards
Achievement and Success
(M.A.S.)
Uncertainty Avoidance Index
(U.A.I.)
Long-Term Orientation Versus
Short-Term Normative
Orientation (L.T.O.)
Indulgence Versus Restraint
(IVR)
Christianity (mainly
Protestant and Catholic)
40
India
Hindi (official), English (official),
and various regional languages
Hinduism, Islam, Christianity,
Buddhism, Sikhism, Jainism
77
91
48
62
56
46
40
26
51
68
26
United States
Federal Republic
President Joe Biden, Vice
President Kamala Harris
Developed Country
[Insert Country Selection From
Course Project]
Federal Parliamentary Republic
President Droupadi Murmu, Prime
Minister Narendra Modi
Developing Country
USMCA, WTO
SAARC, BRICS, W.T.O.
$27.36 trillion in 2023 (B.E.A.,
2024)
28.78 trillion in 2024 (I.M.F.,
2024)
81,632.25 U.S. dollars in 2023
(Statista, 2024)
3.417 trillion USD (2022)
Political and Economic Profile
Category
Political System
Current Leaders
Economic Classification
Economic Blocs Impacting
Trade
Gross Domestic Product
Purchasing Power Parity
Gross Domestic Product Per
Capita
14.59 trillion in 2024 (I.M.F., 2024)
2,410.89 USD (2022)
Legal and Regulatory Profile
Category
United States
India
Legal Processes for Business
Transactions
Various tariffs and quotas,
especially on goods from
specific countries
F.D.A. regulations, safety
standards, and consumer
protection laws
Robust legal system, welldefined processes
Important Restrictions or
Documentation
Various permits and licenses,
environmental regulations
Trade Restrictions
Product Regulations
Import tariffs, export
restrictions on certain goods
BIS standards, mandatory
certifications for certain
products
Developing legal infrastructure,
some bureaucratic delays
Multiple approvals are required,
and a complex regulatory
framework
Section Three: Market Considerations
Monetary Considerations
Exchange rates significantly affect most business activities, affecting costs, prices, and
profits. For instance, the current conversion ratio is 1 USD to INR 83.46; this influences the cost
of products imported into India from the U.S.A. and vice versa. Fluctuations in currency could
affect profit calculations and various strategies regarding prices. Using hedging and forward
contracts can help reduce some of these impacts.
Category
Exchange Rate
The U.S. Dollar
1 USD
Indian Rupee
83.46 (as of June 2024)
Management and Logistics Considerations
The management and logistics model and the plan in India also consider the local factors
concerning human resources. This includes knowledge of labor relations, including the legal
requirements that touch on the working environment, employee remunerations, and methods of solving
labor conflicts. The U.S.A. has a more relaxed workplace culture than the Indian one, with extra focus on
hierarchy and obtaining the elders’ respect (Bagga et al., 2020). Training initiatives, starting with
intercultural week and geared towards eliminating conflict, may also assist in this regard, as may efforts
to ensure that companies adhere to local legislation regarding employment practices. Further, creating
appropriate resources to enhance the flow within the territorial space and account for the
heterogeneity of geospace and infrastructural layout in India also plays a vital role.
Mode of Entry Considerations
There are several ways a foreign firm could enter and operate in the Indian market; these are
unique in their abilities and liabilities. Exporting is a low-risk, low-investment strategy with easy entry
into a foreign market (Vissak et al., 2020). Still, it also has high transportation costs, tariffs, and little
control over the marketing and selling functions. It has the advantage of networking with a domestic
partner with market insights; costs and risks are divided, and the products are accepted in the market.
However, there are potential areas of conflict, profits are shared, and there is limited control. The
advantages of wholly-owned subsidiaries are that they provide control, better profit rates, and
immediate market access; however, the same is not without its risks and disadvantages, including high
investment costs, being considered very risky, and tending to involve meeting many regulatory
requirements. All modes have advantages and disadvantages, and the decision will depend on the
company’s resources, risk tolerance, and business goals.
References
Bagga, S. K., Gera, S., & Haque, S. N. (2023). The mediating role of organizational culture:
Transformational leadership and change management in virtual teams. Asia Pacific
Management Review, 28(2), 120-131.
BEA. (2024). Gross Domestic Product, Fourth Quarter and Year 2023 (Second Estimate)
https://www.bea.gov/news/2024/gross-domestic-product-fourth-quarter-and-year-2023second-estimate
India – market entry StrategyIndia – market entry strategy. India – Market Entry Strategy | Privacy Shield.
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