General Objective: Develop a plan for (international business expansion opportunity)Required to…

General Objective: Develop a plan for (international business expansion opportunity)Required to cover the below in two parts:Part 1 (1000 words) for now: After reading the below Background and understanding the requirements, just answer sections 2 and 32- Description of the Venture:a. Identify the key issues in the scenario and the goals of your expansion3- Literature Review:a. Research related literature, e.g. the social responsibilities of international business firms in developing countries, specific international trade laws that will impact your project, human resource and/or international staffing, etc.b. You must then summaries and demonstrate understanding of related literaturePart 2 (5000 words) later: Answer all sectionsBackground:• Assume that you (own) OR (are starting a small business) OR (are a manager in a medium- to large-size business) and you are responsible for developing an international expansion strategy• Select a (product) OR (service), a (country) of location for your business, AND a (direction) for international expansiono For example, you may:? Decide to outsource inputs used in your local factories? Export what you are producing in other countries? OR, enter into a joint venture with a company in another country to jointly develop and commercialize a new productNow and after you have identified your (international expansion opportunity):• Develop a plan which cover the following key sections that business usually consider:1. Executive Summary2. Description of the Venture3. Literature Review4. Assessment of Associated Theories5. Strategy Formation6. Operations Overview7. Financial Overview8. Approaches to Sustainability and Ethics9. Timeline