NEWS WRITE-UPS Each student will post 3 News Write Ups on the Discussion Board of the Blackboard News Write Up is a short about 500 words doable spaced description of acument event (ne more than 1 month old) related to the topics of the course. It should contains the fing 1) Very brief description of the event the showSo words) 2) Its connection to a specific topic in management about 150 words Make sure that in this section you use the testhoek to connect the article to the caterpts of the course, with proper in-text citation. 3) How can other benefit and form from about 200 wonde) 4) Provide the source of the anticle and its latent link Sample Student Example of a News Write-tip from the Global Management.com "Wal-Mart in Costa Rica Begins Construction of Mere Dietribution Centre" - Inside Costa Rica Description of Event In an article published in "Inside Business Costa Rica edition news was broken that Wal- Mart has begun construction of an almost 50,000 square meters (just over 12 acres) distribution center that will not only be Wal-Mart's largest in the region, but the largest building of its kind in the region. Located in Cayel. Alajuela, this new facility will supply not only regional Wal- Man's, but other stores that Wal-Mart owns in Costa Rica, such as Massmenes, Maxi Pali, and Pali. Wal-Mart's strategy when entering the Costa Rican market ended with them buying out many of the local retailers that were already established in the country. This large distribution center will allow the company to increase availability of items by centralizing the suppliers under one roof that is conveniently close to the businesses that need it. The distribution center is stated to end up costing Wal-Mart sixty-eight million US dollars and will employ over two hundred direct employees over the next five years. Wal-Mart expects the new facility to begin operating in the first half of the year 2013. Connection to International Business This action that Wal-Mart is taking in Costa Rica is an example of horizontal capansion (Peng. 2018.p88). Horizontal expansion takes place when a multinational company takes its business practice and duplicates it oversas to supplement oversas operations without affecting operations in the home country. This new distribution center in Costa Rica is not intended to replace any of the distribution centers in the United States, so this does not fall into the category of vertical expansion (Peng. 2018, p.88). Businesses se bezontal expansion in order to improve their operations in that separate market, instead of using the foreign operations to help supplement their domestic market operations. This is the strategy being employed by Wal-Mart. We can see that in action because they have an entirely separate division, Wal-Mart Mexico & Central America that handles all the business in that repee This regional style of managing the company is known as geographic area structure (Pong 2018, p.189 which is defined in Global Business as a way of organizing a multinational company based on different geographic areas, most appropriate to engage in a localization strateg (Peng 2018.p.187). How Others Benefit learn from Situation Other companies can definitely leam from Wal-Man's example. It's a definite strengthening of the supply chain, allowing Wal-Mart to provide a much more efficient distribution and expedite turnaround times, which is very important in retail businesses. Wal- Mart's United States distribution centers are gems of the industry, allowing Wal-Mart to Tenlenish items almost as soon as they are taken off the shelves with the new distribution Center