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ASSIGNMENT
TOTAL:
100 Marks (30%)
INSTRUCTION:
Answer any TWO (2) questions. You may source ideas for your answers from
company websites, text books, journals, newspapers, expert reviews, internet
sources, interviews with company officials, periodicals etc. Please correctly
acknowledge your sources using the APA referencing system.
Question
1
i) Explain the nature of international
trade and global business.
Ans:-
I) Nature of international trade and global business:-
International trade is the exchange of
goodsand services between countries. This type of trade gives rise to a world
economy, in which prices, or supply and demand, affect and are affected by
global events.
Trading globally gives consumers and
countries the opportunity to be exposed to goods and services not available in
their own countries.
ii) Discuss the extent of internalization
of business in Asia.
ANSWER: Extent of internalization of
business in Asia:- Asia, home to over half the world’s population, produces
less than 25 percent of the world’s GDP.
Asia is unique in that it is a source of both high- and low-quality
products and of both expensive and inexpensive labor. Further, the region attracts MNC investments,
and is a major supplier of
iii) Describe the various global market
places and business centres.
ANSWER:
Various global market places and business
centres are:-
THE
MARKETPLACES OF NORTH AMERICA:- The United States,
Canada, Mexico, Greenland, the nations of Central America, and the various
island nations of the Caribbean make up North America.
The
United States
The
United States is the world’s largest economy. It accounts for 24 percent of the
world’s $58.2 trillion GDP (as of 2009). It has the highest per capita income
in North America.
• International
trade, although growing in recent years, is
iv) Critically discuss the implications
of Section (i), (iii) and (iii) on the management of your organizations.
Answer: Critical reflection in a project
means interpreting experiences and data to create new insights and agreement on
actions. Without critical reflection, your M&E data will not help you to
manage for impact. Active discussion during team meetings and in meetings with
primary stakeholders are vital if M&E information is to be shared, analysed
and
Question 3
i)
Explain the economics of foreign exchange.
Answer: The foreign exchange rate is the
price of one currency in terms of another. Because the foreign exchange rate
compares the currencies of 2 countries, the rate depends on the value of each
currency and, thus, on the economies of both countries. There are 3 primary
economic factors that affect the foreign exchange rate:
·
The relative purchasing power
of each currency;
ii)
Describe the structure of foreign exchange markets.
Answer: The major participants in the
foreign exchange markets are commercial banks;
·
Foreign exchange brokers and
other authorized dealers, and the monetary authorities.
·
It is necessary to understand
that the commercial banks operate at retail level for individual exporters and
corporations as well as at
iii)
Describe international capital markets.
Answer: A capital markets is basically a
system in which people, companies, and governments with an excess of funds
transfer those funds to people, companies, and governments that have a shortage
of funds. This transfer mechanism provides an efficient way for those who wish
to borrow or invest money to do so. For example, every time someone takes out a
loan to buy a car or a house, they are accessing the capital markets. Capital
markets carry out the desirable economic function of directing capital to
productive uses.
iv)
Discuss the implications of Sections (i), (ii), and (iii) on the management of
your organization.
Answer: In a larger organization, or in
one where the director simply can't handle everything herself, there are
creative ways to ensure that everything necessary is accomplished.
The
work of the organization
Each day, whether your organization runs
programs, provides services, or pursues advocacy, you have to make sure that
the right people are in the
PART B:
TOTAL: 100
Marks (30%)
Question 2
i)
Discuss the challenges of International Strategic Management.
Answer: International management consists
of building an effective strategy, structuring an appropriate organizational
design and managing people in a cross-cultural environment. Throughout these
activities, companies must handle bureaucratic, technical, political, economic,
linguistic, behavioral and cultural differences. Even if a small business does
not
ii)
Explain the components and levels of International Strategy.
Answer: There are mainly three levels of
international strategy. They are
·
Corporate Strategy
·
Business Strategy
·
Functional Strategies
Short description of these three are given
bellow,
1.
Corporate Strategy: Corporate strategy
iii)
Describe the benefits and of pitfalls of Strategic Alliances.
Answer: A strategic alliance in business
is a business relationship between two or more businesses that enables each to
achieve certain strategic objectives neither would be able to achieve on their
own. The strategic partners maintain their status as independent and separate
entities, share the benefits and control over the partnership, and continue to
make contributions to the alliance until it is terminated. Strategic alliances
are often formed in the
iv)
Explain the ways of implementing strategic alliances.
Answer: The Strategic Alliance Process
involves planning, implementation and evaluation. An alliance has a five-stage
“life cycle,” and a structured methodology is applied to preparation and
negotiations at each stage.
v)
Discuss the implications of section (i), (ii), (iii) and (iv) on the management
of your organizations.
Answer: In a larger organization, or in
one where the director simply can't handle everything herself, there are
creative ways to ensure that everything necessary is accomplished.
The
work of the organization
Each day, whether your organization runs
programs, provides services, or pursues advocacy, you have to make sure that
the right people are in the
Question 3
i) Explain
the characteristics and elements of culture.
Answer: Seven Elements of culture are
SOCIAL
ORGANIZATION
·
Creates social structure by
organizing its members into small units to meet basic needs.
·
Family Patterns: family is the
most important unit of social organization.
Through the family children learn how they are expected to
ii)
Describe the dimensions of culture.
Answer: Often this goes well, and the
cultural differences are interesting and enriching. However, sometimes things
go wrong, for reasons that we may not understand.
·
Universalism versus
particularism.
·
Individualism versus
communitarianism.
·
Specific versus diffuse.
iii)
Discuss how cultural differences impact on International Management.
Answer: Right across industry, the
attitude of senior management to their corporate affairs is evolvingin response
to the globalisation of business, the spread of information technologies,
thegrowth of shareholder activism and increased intrusiveness of international
and nationalgovernments in key areas of business management.
iv)
Discuss the implication of section (i), (ii), and (iii) on the management of
your organizations.
Answer: In a larger organization, or in
one where the director simply can't handle everything herself, there are
creative ways to ensure that everything necessary is accomplished.
The
work of the organization
Each day, whether your organization runs
programs, provides services, or pursues advocacy, you have to make sure that
the right people are in the right places at the right times to do the work of
the organization. In addition, someone has to carry out the everyday procedures
(record keeping, attention to how well particular techniques are working, etc.)
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call
us at : 08263069601
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