Lesson 3 Activities
Complete the following task:
- Lesson Readings
Complete the Lesson 3 reading assignment listed in the course syllabus.
- Discussion Forum (3 points)
Discuss the following questions on the discussion forum. Be sure to complete the discussion by the due date listed in the course syllabus
Read the Case Study “Wal-Mart’s Foreign Expansion” as indicated in the course syllabus. Thoroughly respond to each question. It is necessary to do research beyond reading the case study. It is expected that your responses will reflect this.
A. Discussion Question 1.
Why do you think Wal-Mart failed in South Korea and Germany? What are the differences between these countries and Mexico?B. Discussion Question 2.
Do you think Wal-Mart could translate its merchandising strategy wholesale to another country and succeed? If not, why not?
3. Foreign Exchange Rate Project (Game)
Starting with this week, your currency decisions will be counted and accumulated throughout the remainder of the semester. Your team needs to decide what steps will be taken as to buying and selling the designated foreign currencies. For the next few weeks, the instructor will remind you of one of the main points or rules, as these can be confusing at the beginning.
Main Point. We will be focusing on six major currencies as follows: Euro, UK pound, Canadian dollar, Australian dollar, Japanese yen and Swiss franc. No other currency can be traded.
Also, do not forget that each week we will discuss your reasoning for the decisions you made. Be sure to research the major impacts on currency throughout the world.