Table of Contents

Answer 1..........................................................................................................................................1

Canada.............................................................................................................................................1

Answer 2..........................................................................................................................................2

Trade and Investment Agreements..................................................................................................2

Answer 3..........................................................................................................................................3

Answer 4..........................................................................................................................................3

Answer 5..........................................................................................................................................4

Answer 6..........................................................................................................................................4

References........................................................................................................................................6
Answer 1.

Canada
● In this case, Canada is the home country and Poland is the Host country. The foreign
exchange rate of the Home country's currency in the host country in 2019 was 1 Canadian
dollar equal to 2.9125 Polish Zlotys. Whereas the foreign exchange rate of Polish Zlotys
in the Canadian Dollars are 0.3433 canadian dollar per zloty. The current foreign
exchange rate of one Canadian dollar in Poland is 2.81 Polish Zloty. The Poland Zloty
costs about 0.36 Canadian Dollar in Canada. The exchange rate of the previous year was
higher than this year . The exchange rate of Poland Zloty has increased. The Candian
dollar obviously has more value than the Polush Zloty. Hence, the home country can
extend its operations in the host country.
● The earlier rate of foreign exchange of one Canadian dollar in 2019 in Poland was 2.9125
Polish Zloty whereas the one Polish Zloty cost about 0.3433 Canadian dollar. In the
current year, the Polish Zloty in Canada costs about 0.36 Canadian dollars whereas the
Candian dollar costs about 2.81 Zloty in Poland.

Answer 2.

Trade and Investment Agreements

○ Canada-European Union: Comprehensive Economic and Trade Agreement

(CETA)
○ Canada-Poland Foreign Investment Promotion and Protection Agreement
○ World Trade Organization Agreement on Trade Facilitation (TFA)
○ Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)
○ Agreement on Trade-related Investment Measures (TRIMS)
 ○ General Agreement on Tariffs and Trade 1994 (GATT)
○ General Agreement on Trade in Services (GATS)
○ World Trade Organization Information Technology Agreement (ITA)
○ World Trade Organization Agreement on Government Procurement (GPA)

● Canada's largest trading partner of goods in central and eastern Europe is Poland.
The Canada-European Union Comprehensive Economic and Trade Agreement
supplies certain advantages to provide strength to the bilateral economic
relationship. In 2019, $3.08 billion is the amount the bilateral trade has made
between Canada and Poland .Canada has sold overseas nearly $744 million to
Poland with the amount of $2.34 billion made in imports.Poland is a significant
participant of the European Union and NATO. In 1988, Canada was the very first
NATO country who gave consent to Poland to join the Alliance. It can affect the
college if the college students want to get ahead with export-import business and
they would preferably want to extend their operation to Poland.The new
convention between Poland and Canada would also help them to avoid double
taxation and the prevent them from fiscal evasion.

Answer 3.
It is definitely easy to start a business in the host country, Poland.
● Entrepreneurial firms are the agencies which bring new items and different facilities to
the market by taking and creating opportunities and giving benefits to the people. It is a
 company which shoulders difficult ventures and takes part in the innovation of the
product-market is called an entrepreneurial firm. As the rate of currency is low in Poland,
the entrepreneurial firms can be set in the host country.

Answer 4.
The company should enter the host country with an equity mode.
The primary distinction between equity and non-equity partnerships is their source of income.
The equity partners retain minimum half of their revenue from corporate profits. The non -equity
partners mostly do not obtain income as a portion of an "ownership scheme".
The equity mode is recommended to enter the country.

Answer 5.
A corporate global expansion strategy can be thought of as an official and legal plan of the
corporation for the expansion of the capabilities of its amenities into different countries
throughout the globe. A company is "global" only when it has extended its facilities to all big
continents across the world, not one or two other major countries.
The home country should try an export strategy of global expansion in Poland.

An "export strategy" is applied when a company is mostly concentrated on its domiciliary

operations. It does not have the intention of expanding worldwide but does export some items to
take benefits from international opportunities. It does not try to personalize its items or services
for international markets. It does not seem concerned in answering to distinctive conditions in
other major countries or in generating a desegregated global strategy.
Answer 6.
The country should choose a geometric staffing approach. The Geocentric approach to
employment is recruiting the people who are best to be filled in the positions without
consideration and sympathy from where they come from or where they stay.
This opens a number of options:-
Hiring remote employees
This option is utilized when one wants to recruit somebody at a place where they do not have
offices. For example if one wants a "customer support agent" in a different "time zone" to assist
their customers in that particular place.
Relocating the employees

This provides both the means - conducting an international or host talent into the parent or home
country and the relocation of those people to a different host country and this approach is used
when one needs somebody to be present at a particular place in his or her physical self but the
best suitable person for the task is staying somewhere else.
The country or the company stands in the need to have a global outlook on employment to use a
geocentric method of recruitment. For instance if and whenever a place or position unbolts at a
parent country or the host country, the management team who is in charge of hiring could:

● They should advertise on job boards which are present worldwide at first and prior to
using the local job board which mentions the place or location of the assignment or job
in a clear manner. Even advertising on job mediums concentrates on remote work when
feasible.
● The candidates need to be sourced online without focusing on where they are from or
their current location.
● The company's or employees from all over the world need to be checked often in
databases and the company should keep on searching and finding for internal candidates
who have a plan of relocation..
● The executive search agency is asked to suggest applicants whom they encountered at the
international career events or fairs.
● Referrals should be asked from their current existing workers as they might know or have
someone in their coverage who is pertinent for this position and would be eager change
or shift their
Location
References

Study.com. (2019). Global Staffing Approaches: Ethnocentric, Regiocentric, Polycentric, and

Geocentric - Video & Lesson Transcript | Study.com. [online] Available at:
https://study.com/academy/lesson/global-staffing-approaches-ethnocentric-regiocentric-
polycentric-and-geocentric.html.

‌Trade Ready. (2017). Your export strategy is incomplete without these 4 things. [online]
Available at: http://www.tradeready.ca/2017/topics/market-entry-strategies/your-export-strategy-
is-incomplete-without-these-4-things/ [Accessed 13 Aug. 2020].

‌www.intracen.org. (n.d.). Export Strategy. [online] Available at:

https://www.intracen.org/access/Training/Export-Strategy/ [Accessed 13 Aug. 2020].

www.exchangerates.org.uk. (n.d.). Polish Zloty to Canadian Dollar Exchange Rate Today, Live
1 PLN to CAD = 0.3553 (Convert Polish Zloty to Canadian Dollars). [online] Available at:
https://www.exchangerates.org.uk/Polish-Zloty-to-Canadian-Dollars-currency-conversion-
page.html [Accessed 13 Aug. 2020].