Please help me with this paper. It should be 2pages. my chosen company is Nordstrom Inc. I attach the rubric and a sample.
mba640_executive_memo.docx
mba640_executive_memo.docx
mba640_module_three_executive_memo_guidelines_and_rubric.pdf
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Running head: FUNDING REQUEST MEMO
Topic: Funding Request Memo
1
Funding Request Memo
2
To:
From: Bowang
Date: 2/05/2047
Cc:
SUBJECT: FUNDING REQUEST TO INVEST IN CHINA
Nordstrom, Inc., a chain of luxury stores whose base is in Seattle, Washington deals in
luxury wearable. The firm’s business activities date back to 1901 when Carl F. Wallin started
business activities as retailers of shoes. The company expanded their wing of operations to deal
with handbags, clothing, jewelry, cosmetics, accessories, and fragrances. More recently store has
dedicated home and wedding furnishing sections within their stores.
The business runs 349 stores distributed among 40 states, Canada and Puerto Rico that
have 123 stores operating on a full-time basis, five Trunk Club clubhouses, Nordstrom Rock
stores. Nordstrom, Inc. additionally handles order through their website Nordstrom.com and
runs a separate site where sales activities take place, HauteLook. The firm’s common stock gets
publicly traded on the NYSE using the JWN symbol.
The growing demand for the company’s consumables has necessitated the management
to change their business direction. Instead of engaging in business back at home, they ought to
focus their attention on the international world. The consumers who order products from their
online stores are among the reasons for which the team decided to seek opportunities beyond the
borders of America.
Funding Request Memo
3
The company is seeking funds to expand their wings to the foreign lands where the nation
aims at reaching consumers who cherish and require the luxurious wearable products. The funds
would get directly invested in opening and running of international chain stores. Other portion of
the funding would get to the hiring of the personnel or send expatriates to the China to represent
the nation.
Nordstrom, Inc., therefore, considers investing in oversea markets to tap into the vast
range of opportunities that exist in the foreign markets. One such nation that we intend to focus
is China. China offers several investment opportunities. Therefore, Nordstrom, Inc. would not
miss out when they go to China.
The first element that attracts Nordstrom, Inc. to China remains the growing population
of the wealthy who value luxury. The economy rose in the past years, and there is a significant
population willing to spend as much in secondary wants. The Chinese are conservative
individuals who recently have changed their perspective of life. Impacts of their cultural
development include westernization that attracted them towards the wealthy lifestyle.
China has a Free Trading Zone located in Shanghai that is relatively open to international
investors. The region has no tariff, and one can convert their currency to any foreign currency in
the world. We seek to invest in the China as it is the fastest growing economy in the word. The
nation’s economy seems to would beat that of the world in the coming decade.
The country enjoys a vast transportation network that would assist transportation of the
commodities through various townships. The national government offered to favor economic
and investment options that placed foreign investors better positioned to engage in their business
activities.
Funding Request Memo
4
Despite experiencing a fierce competition in the Chinese market, China has a significant
population offers ready market to the goods sold in the market. The presence of many
competitors gets thwarted by the Free Market since the Chinese allow and promote direct foreign
investments. We have the ability and opportunity to explore as many areas in China as much.
Thank you.
Running head: FUNDING REQUEST MEMO
Topic: Funding Request Memo
1
Funding Request Memo
2
To:
From: Bowang
Date: 2/05/2047
Cc:
SUBJECT: FUNDING REQUEST TO INVEST IN CHINA
Nordstrom, Inc., a chain of luxury stores whose base is in Seattle, Washington deals in
luxury wearable. The firm’s business activities date back to 1901 when Carl F. Wallin started
business activities as retailers of shoes. The company expanded their wing of operations to deal
with handbags, clothing, jewelry, cosmetics, accessories, and fragrances. More recently store has
dedicated home and wedding furnishing sections within their stores.
The business runs 349 stores distributed among 40 states, Canada and Puerto Rico that
have 123 stores operating on a full-time basis, five Trunk Club clubhouses, Nordstrom Rock
stores. Nordstrom, Inc. additionally handles order through their website Nordstrom.com and
runs a separate site where sales activities take place, HauteLook. The firm’s common stock gets
publicly traded on the NYSE using the JWN symbol.
The growing demand for the company’s consumables has necessitated the management
to change their business direction. Instead of engaging in business back at home, they ought to
focus their attention on the international world. The consumers who order products from their
online stores are among the reasons for which the team decided to seek opportunities beyond the
borders of America.
Funding Request Memo
3
The company is seeking funds to expand their wings to the foreign lands where the nation
aims at reaching consumers who cherish and require the luxurious wearable products. The funds
would get directly invested in opening and running of international chain stores. Other portion of
the funding would get to the hiring of the personnel or send expatriates to the China to represent
the nation.
Nordstrom, Inc., therefore, considers investing in oversea markets to tap into the vast
range of opportunities that exist in the foreign markets. One such nation that we intend to focus
is China. China offers several investment opportunities. Therefore, Nordstrom, Inc. would not
miss out when they go to China.
The first element that attracts Nordstrom, Inc. to China remains the growing population
of the wealthy who value luxury. The economy rose in the past years, and there is a significant
population willing to spend as much in secondary wants. The Chinese are conservative
individuals who recently have changed their perspective of life. Impacts of their cultural
development include westernization that attracted them towards the wealthy lifestyle.
China has a Free Trading Zone located in Shanghai that is relatively open to international
investors. The region has no tariff, and one can convert their currency to any foreign currency in
the world. We seek to invest in the China as it is the fastest growing economy in the word. The
nation’s economy seems to would beat that of the world in the coming decade.
The country enjoys a vast transportation network that would assist transportation of the
commodities through various townships. The national government offered to favor economic
and investment options that placed foreign investors better positioned to engage in their business
activities.
Funding Request Memo
4
Despite experiencing a fierce competition in the Chinese market, China has a significant
population offers ready market to the goods sold in the market. The presence of many
competitors gets thwarted by the Free Market since the Chinese allow and promote direct foreign
investments. We have the ability and opportunity to explore as many areas in China as much.
Thank you.
MBA 640 Module Three Executive Memo Guidelines and Rubric
Overview: The executive memorandum assignment requires your careful consideration of an appropriate, sensible investment project for your chosen company.
Furthermore, this assignment will develop and demonstrate your ability to find useful, authoritative information sources about your selected company, its
industry, its economic environment, and the particular investment opportunity.
Prompt: Write a memo about the expansion opportunity for which you will request funding in your final project proposal. This paper should be 1–2 pages long
and should include only a simple narrative description. You do not need fancy formatting, numbers, tables, or graphs in this document.
List your key information sources about the organization you have chosen for your final project, explaining in one to two sentences each how source is relevant to
your project. Your memo should identify the source (not just a website address) plus, in general, describe what information that source can reliably provide. Your
sources must be authoritative. The company’s own website is an authoritative source for its own public financial and other information, for example.
Serious business or economic sites, such as Bloomberg, or industry trade journals can be authoritative sources for fairly unbiased news about the organization or
its industry. Other reliable sources could educate you about the business environment in your project’s target country (e. g., the CIA World Factbook). Someone
you know who has worked for that organization or in that industry could also be an excellent source of certain information.
Specifically, the following critical elements must be addressed:
Include a narrative overview of your expansion opportunity. Describe the expansion project, the country in which the expansion will take place, and the
reasoning behind this expansion into this country at this particular time. In other words, why does this particular project and country make sense for your
chosen company?
Include key information sources related to the company you have chosen. Sources should provide an introductory, authoritative, future-oriented
understanding of the company itself, the industry, technology, customers, suppliers and competitors, and the economic environment of the company and
of your proposed expansion. Sources could be published or online; they could even include a person you know with experience in that industry. The
sources will almost certainly include the company’s website; you might also follow its Facebook and Twitter feeds.
Note how each source is relevant and describe what information the source will provide. You will probably develop more sources later in the course, but
these are meant to give you a solid start.
Guidelines for Submission: Your executive memo must be 1–2 pages long (excluding the reference page), doubled spaced, written in 12-point Times New Roman
font. Your reference page should be in APA style.
Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information,
review these instructions.
Rubric
Critical Elements
Narrative
Overview
Key Information
Sources
Exemplary (100%)
Meets “Proficient” criteria and
the overview exhibits insight and
detailed reasoning supported by
evidence
Meets “Proficient” criteria and
the sources reflect depth of
research and critical thinking
Source Notes
Meets “Proficient” criteria and
the notation are well-detailed
and exhibit depth of critical
thinking
Articulation of
Response
Submission is free of errors
related to citations, grammar,
spelling, syntax, and organization
and is presented in a professional
and easy-to-read format
Proficient (90 %)
Provides a complete narrative
overview of an expansion project
and country and includes
reasoning
Provides key authoritative and
relevant information sources
related to the company, country,
and/or industry
Provides notations for each
source, noting the source’s
relevance and describing what
information the source will
provide
Submission has no major errors
related to citations, grammar,
spelling, syntax, or organization
Needs Improvement (70%)
Provides a narrative overview of
an expansion project and country
but submission lacks details
and/or solid reasoning
Provides key information sources
related to the company, country,
and/or industry, but sources are
not authoritative and/or relevant
Provides notations for each
source, but the notations lack
detail, relevance, and/or logic
regarding information sources
will provide
Submission has major errors
related to citations, grammar,
spelling, syntax, or organization
that negatively impact readability
and articulation of main ideas
Not Evident (0%)
Does not provide a narrative
overview of an expansion project
and country
Value
25
Does not provides key
information sources related to
the company, country, and/or
industry
Does not provides notations for
each source
25
Submission has critical errors
related to citations, grammar,
spelling, syntax, or organization
that prevent understanding of
ideas
Total
25
25
100%
…
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