Essay Instructions: Multinational corporations need to carefully plan for various risks, including currency risks and the threat of currency crisis in the international market. The currency crisis in Asia was devastating for many corporations. Therefore, it is important for the multinational corporations to prepare themselves for the currency crisis in the global market.
To complete the Module 2 Case Assignment, please choose FedEx Corporation (http://fedex.com ; http://www.fedex.com/us/investorrelations/financialinfo/goals/) that is listed and traded on the New York Stock Exchange (NYSE: Symbol - FDX).
Read the information in the background material, look for more information, and then write a 3 to 4 page paper answering the following questions:
To what extent can exchange rate risks impact on the business operations of the FedEx Corporation? Please explain your reasoning.
Are there any options that the financial managers of the FedEx Corporation can use to manage exchange rate risk?
Are there any advantages and disadvantages of the different exchange rate risk management options that you suggested to the financial managers of the FedEx Corporation?
Case Assignment Expectations:
In Module 2 Case Assignment, you are expected to:
?Describe the purpose of the paper and conclusion.
?Answer the case assignment questions clearly and provide necessary details.
?Provide a quality argument; that is, no poor sentence structure, no spelling and grammar mistakes or run-on sentences.
?Provide citations to support your argument and references on a separate page. Please use APA format to provide citations and references http://owl.english.purdue.edu/owl/resource/560/01/ or click Student Guide to Writing a High Quality Academic Paper.
?Answer all the case assignment questions in an essay format instead of point format. Please do not type questions in the paper.
?Type and double space the paper.
Grading Rubric: Click here.
Case Assignment Readings:
BNET Editorial (2010). Assessing exchange rate risk. Retrieved from http://www.bnet.com/article/assessing-exchange-rate-risk/68748 ; www.stern.nyu.edu/~igiddy/fxrisk.htm
Fisme.org (2007). Impact of exchange rate fluctuations: options for SMEs. Retrieved from http://fisme.org.in/document/Exchange%20Rate%20Fluctuations.pdf
Bleakley, F. (1997). How U.S. firm copes with Asia crisis -- Avon move to protect again. Wall Street Journal (Eastern Edition), New York. Retrieved from library portal via coursenet.
Abor, J. (2005). Managing foreign exchange risk among Ghanaian firms. Journal of Risk Finance, 6(4), 306-318. Retrieved from library portal via coursenet. [Read Pages: 308 to 310]
Grady, G. (2010). Foreign exchange risk management methods. Retrieved from http://ezinearticles.com/?Foreign-Exchange-Risk-Management-Methods&id=3047383
Papaioannou, M. (2006). Exchange rate risk measurement and management: Issues and approaches for firms. International Monetary Fund, 1-22. Retrieved from http://www.imf.org/external/pubs/ft/wp/2006/wp06255.pdf
Excerpt From Essay:
Essay Instructions: Imagine that you are a senior business manager for a U.S. based
multinational company. You have been informed by your supervisor that your Company needs to consider expanding into a new international market to seek new opportunties.
To get stared, you must decide the following:
?Select a publicly-traded Multinational Corporation (MNC) with which you are familiar.
?Select a new international market and a country this company currently has not explored and should consider.
Write a 6-8 page paper in which you:
1. Analyze how each of the three major dimensions of international
finance an affect your possible venture of your MNC in your chosen new
international market, including potential opportunities and risks for each
2. Examine the economic trends and impact of globalization in the
chosen market and determine which of those emerging factors have potential or
disruption that could affect operations.
3. Assess whether the country you have chosen maintains a fixed or a
flexible exchange system and discus how this monetary system will affect your
MNC. Provide a strong rational for possible implications and drawbacks of the existing system.
4. Determine how the balance of payments will support the management
of your MNC and explain how deficits and surpluses found within the country you
have chosen can positively or negatively affect operations of your company.
5. Analyze how the foreign exchange market your company is
considering entering can impact international business operations. Examine key foreign market participants and provide recommendations of possible key financing opportunities for your MNC.
6. Use at least three (3) quality references. NOTE: Wikipedia and other Websites do not quality as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12),
with one-inch margins on all sides; citations and reference must follow APA or school-specific format. Check with your professor for any additional instructions.
?Include a cover page containing the title of the assignment, the student?s
name, the professor?s name, the course title and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with the assignment are:
?Analyze the current trends and impact of globalization on
international financial management
?Assess the basic functioning of the current arrangements of
flexible exchange systems that dominate the international monetary system and explain the impact on business operations.
?Interpret the balance of payments accounts, and summarize key
information to support financial planning and the strategic management of
?Analyze the foreign exchange markets to anticipate fluctuations,
minimize the negative impact on international business operation and identify financing opportunities.
?Use technology and information resources issues in international
banking and finance.
?Write clearly and concisely about international banking and
finance using proper writing mechanics.
Excerpt From Essay:
Total Pages: 2 Words: 562 References: 0 Citation Style: APA Document Type: Essay
Essay Instructions: Topic:
Identify a multinational corporation (MNC) apply the issues and concepts of (the employee stakeholder & The owner stakeholders and corporate governance)
Some of the MNC can't use: Google, walmart, honda, Gap, Gamble. Other than thoes MNC will be fine.
For example: Apply, HP, Ford...etc.
Excerpt From Essay:
Total Pages: 8 Words: 2257 Works Cited: 3 Citation Style: MLA Document Type: Research Paper
Essay Instructions: Select a Multinational Corporation (NNC) with which you are familiar.
1. Describe the current trends and impact of globalization on international financial management specific to the MNC of your choosing.
2. Explain how the basic functioning of the current arrangements of flexible exchange systems that dominate the international monetary system affects your specific MNC.
3 Determine and discuss how balance of payments accounts and key financial planning information will support the management of your MNC.
4. Select and analyze a foreign exchange market and anticipate fluctuations, make recommendations to minimize negative impact on international business operations, and identify financing opportunities for your MNC.
Excerpt From Essay:
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