Develop an international strategic plan for AAR Corp. In this part, you need to provide an $($updated$)$ international strategy, specifically about the initiatives you must take advantage of international opportunities. $$The international strategic plan should describe how you, as the CEO of the corporation, like to take advantage of international business opportunities by designing and implementing an international strategy. These initiatives could relate to: Decomposing the value chain by relocating certain business processes to better locations Entering$($or leaving$)$foreign markets, including market choices and entry$($exit$)$modes$.$Make sure to explain how the initiative addresses a weakness, exploits a strength, mitigates a threat, etc.$$ Designing an international product strategy based upon the need for local adaptation and standardization. These plans relate to the various models and motivations from modules$8$and$9.$For each initiative, it should outline three aspects: The motivation: explain how this initiative can improve firm performance$($or prevent losses$)$by relating it to reasons we have studied in this course. Example: "expanding abroad offers a major opportunity to serve new customer markets" or "relocating manufacturing in a country with low labor costs will reduce operational expenses$.$ The implementation: Here a lot more detail is needed about how the initiative is implemented and why in that way. If we diversify, why into that industry instead of other industries, what entry method will be used $($who will we acquire$),$ and how long will it take? Describe how it could be implemented within the corporation and be as precise as possible. Example:$"$We should expand to the United Kingdom because it has a similar cultural and socio$-$political environment. Given the high level of competition already present, we should enter the UK through a joint venture, ideally with Partner firm X that is already active there$.$ The cost$-$benefit analysis: include an estimate of the potential benefits$($preferably a financial value related to revenues or profits$),$the costs of implementation, the major risks of this initiative, and an estimate of the potential losses if the initiative is unsuccessful. Example: "Compared to the United States, the United Kingdom has only$20\%$of the population. Moreover, the average income of a Brit is about$65\%$of the average income of an American. This means that, if we are equally successful the UK as in the USA, the UK profits will be$13\%$of our current USA profits. Setting up the joint venture is costly$.$Assuming that we need the same amount of assets, we would need to invest equal to$13\%$of our current total assets of $$500$million$,$ or $$65$million$.$ But because this is a joint venture, we will only receive half of these profits$(6\mathrm{.}5\%)$and only need to invest half of the money$($$$32\mathrm{.}5$million$).$There is a risk that our product does not appeal to the UK market. In that case, we probably need to shut down operations and cannot recover any of the investment."

Note: Summarize the report into $600$ words.