7 pages/≈1925 words
Business & Marketing
International Business Challenges and Development in the Regulatory and Policy Environment (Essay Sample)
Hello , im going to attech a file that explines every thing about essay , the topic is section C , number 2 ... IBCCessay.doc INTERNATIONAL BUSINESS: CHALLENGES & CHOICES (M2N120401-10-B) Academic Year 2010 -2011 Individual Written Essay/Report Brief (2,000 words) 50% The essay should be submitted by 16.00 hrs on Thursday 28th April 2011. Your essay submission will be graded based on the following criteria: - The extent to which the essay demonstrates in-depth understanding, adequately interpreted, further, reading, research and reflection. Adequate evidence of an effectively planned, well structured and academically rigorous submission. - The use of properly developed essay (or where appropriate report) structure. Your essay should ‘flow' via a structured, in depth examination of the concepts, highlighting the key themes, developing your examination in the main section, supporting your argument with evidence from the literature (authors, frameworks), and ending with a well considered conclusion with supporting examples (in the main body) that draws the themes of the essay together and refers back to the question set. - It is important to remember that the degree to which you have answered and examined the major issues prompted by the question and the level of analysis undertaken e.g. level of creativity and insight demonstrated is a key determinant of the final grade awarded. - Your report/essay must be a correctly and fully referenced submission. (INADEQUATELY referenced essays will RESULT IN A REDUCED GRADE!). - All tables, charts and figures must be adequately labelled and referenced. Failure to do so will result in a reduced grade. - The essay should have a submission cover sheet, a separate title page, the title is the first information on the page and horizontally centered at about the top third of the page. - Double spaced word processed text should be used, it should be left aligned. Use a standard font such as “Times New Roman” size 12. - Print your essay on only one side of paper. - Use standard A4 white paper (8.5" X 11”). - All pages should be numbered apart, for the title page, which is not numbered. The first page of text is ‘page 1' and should be numbered at the bottom center, or in the upper right hand corner. - The essay submission should be held together with a single staple in the top left hand corner of the paper. - The essay should be no more (excluding appendices, tables, references) than 2,000 words. - You should keep an electronic copy of your submission, and note that it is your responsibility to submit the essay in the correct format, to the correct place at the correct time. - Please see the IBCC module handbook for details of extension requests, penalties for non/late submission. You should answer one of the questions outlined below, in the format outlined above. Please remember that you CANNOT select an essay topic that was covered by your group presentation topic. Section (A) The Cultural Challenge of International Business 1. Use Geert Hofstede's [dimensions) framework to explain the main cultural challenges that may be encountered when managing Multinational Enterprises (MNEs). (50) Outline the main criticisms that have been made of Hofstede's framework and explain (with appropriate justifications) whether you agree or disagree with these criticisms. (50) 2. In the role of a team of a marketing consultant prepare a report advising a British based Automobile Manufacturer (e.g. Ford) on the importance of understanding national differences in culture when negotiating with potential Chinese customers. Use at least one typology of national cultures e.g. Hall, Hofstede to explain these differences to the Board of the MNE. (100) 3. “Organisation members often interpret the behaviour and language of others through their own cultural biases. Each member's set of beliefs, values, and assumptions becomes their unquestioned "reality"; they then perceive [other] behaviour [as] inconsistent with their own biases as irrational, or even malevolent”. The organisational culture model suggests reinterpreting such conflict as a product of different sets of experiences. Explain, using appropriate examples, how an understanding of organisational and national cultures can aid managers in the MNE resolve cross-cultural conflict in multinational enterprises. (100) Section (B) The Management Challenge of International Business 1. “Many products and services full fill basic human needs and wants (Maslow) and there seems to be no good reason why a computer software product that is marketed successfully in Brighton won't be equally successful in Beijing. To what extent can software marketers standardise their marketing mixes around the world? What factors may prevent such standardisation? (75) Use appropriate examples to illustrate your answer. (25) 2. Explain the main ‘critical success factors' for successful expatriate selection and training. (40) What factors influence the relative importance of such factors? (40) Use appropriate examples to justify your answer.(20) 3. Explain why some Multinational Enterprises adapt their human resource management strategies in different countries and other MNEs attempt to follow more (uniform) standardised HRM strategies. (100) Section (C) 1. 'International Business: Structures, Management and Governance' a. Outline the range of management and governance structures found in international businesses b. Which key factors are important when considering the most appropriate structure for international business? c. Select at least 2 of the structures outlined in part a and critically evaluate the advantages and disadvantages of each of these Questions a, b and c are equally weighted. 2. 'International Business: Challenges and developments in the regulatory and policy environments' a. Why might governments wish to regulate the activities of international business organisations? (25) b. Outline, WITH SPECIFIC EXAMPLES AND ILLUSTRATION, how specific legal and political systems are likely to approach the regulation of international businesses (75) source..
International Business Challenges and Development in the Regulatory and Policy Environment
International Business Challenges and Development in the Regulatory and Policy Environment:
In the globalised economy today, many governments hold high stakes in the international trade and would want to regulate the activities of international business organizations for economic, political, and cultural reasons. Ordinarily, governments will intervene to regulate business in order to support the exports of their domestic firms. Again, during difficult economic times, governments will try to heed the workers’ outcry and intervene to regulate business as a way of preventing massive lay offs due to the economic situation (Aswathappa, 2010.p144).
On the political grounds, the usual scenario is where government officials try to satisfy their own and their political party motives in making business related decisions. Some of the common political drives for government intervention in international business include; Preserving security the national security in which case the favoured business entities benefit from government financial support; putting a check on unfair business practices through application of tariffs and quotas to protect the home industries; Protecting jobs which would be lost if home industries would be allowed to be outcompeted by foreign investors in the market; and gaining influence over other countries. Economically powerful and dominant nations take the advantage to form business relations with less powerful (smaller) nations just to gain control over the smaller nations (Althunayan, 2010.p.44).
Regarding cultural motives, most governments who adopt cultural motives restrict trade because they see need to preserve their national identities. Some administrations argue that some goods or services have bad cultural influence to their countries and can not go unregulated. For instance, Canadian law provides that 35% of all the music broadcast on Canadian radio must be those of Canadian musicians (Ahlstrom, 2009.p.69).
Regarding economic reasons for regulation, governments may want to regulate activities of international organizations with intention to achieve some strategic trade policy. Having a strategic trade policy is important for a government that wishes to attract higher national income levels. Put differently, when a government achieves operational efficiencies in the global economy, it quickly solidifies its market positioning in the international business. Another economic motive for government intervention is based on the need to protect young upcoming industries from international competition since they are assumed to be still too fragile to be exposed to open competition. A young business requires sufficient time for it to develop and gain essential innovations knowledge before it can become competitive (Southwick, 2010.p.2).
The political environment plays a major role ...
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