Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.
Assume that in a recent State of the Union Address, the President of the United States announced the formation of the “National Export Initiative,” which is an important endeavor that is necessary for long-term, sustainable economic growth for the country. The president’s goal is to double exports within 5 years, which should reduce unemployment by adding 2 million jobs.
This is the first time in history that the United States has put a real focus on government-wide export promotion.
Since then, the president has signed an executive order that formed the “Export Promotion Cabinet” within the presidential administration. The Department of Commerce is an important player in this initiative, and it is charged with making sure that U.S. businesses can actively participate in international markets by increasing their exports of goods, services, and agricultural products.
If you were a member of the cabinet, what would you do to achieve these goals?
Address the following in 1,000–1,250 words:
Part of a business strategy that you are considering involves the reduction of labor and material costs. Your chief financial officer (CFO) suggested doing some of the manufacturing overseas. The concerns in moving some of your manufacturing offshore may be that you achieve lower costs of production but lose quality control (a trademark of your brand) and perhaps even reduce morale in your company by laying off those workers whose jobs will be performed overseas. These are serious issues. You asked your CFO to outline the benefits and disadvantages of doing so in regard to your relationship with your employees, balance sheet, quality, and service.
Explain 3 additional benefits and 3 additional disadvantages that would concern you and the economy, and answer the following questions in 500–750 words:
In your quest to understand how your employees would be affected by any of the decisions that you are going to make, you also realize that your labor costs may not be the real source of your balance sheet problems. After all, you are manufacturing in a region that attracts many immigrants, which because of an increase in the labor pool actually keeps your labor costs relatively low. This sparked the question about why Americans continue to be concerned about immigration policy and what the debate is about. You want to know more.
Explain the following in 500–750words: