BMA5118 Special Topics In Business Policy: Global Strategy Assignment Example, Singapore

In this course, we will examine the strategic and organizational challenges facing managers when they work with multinational corporations that compete in today’s global marketplace. These three main objectives include developing an understanding of how economies around the world have changed over time to better match those changes for your organization; exploring different types or strategies MNCs can use under globalization such as localizationism vs internationalization (or both), along with some pros/cons associated with each approach – i’m sure you’ll find one which best suits yours! Finally, I would like us all take part through active learning by examining real life examples from businesses who adopt transnational models of multinational management.

Throughout the course, we will make use of a variety of materials including theoretical readings, research reports and real organizational problems. Emphasis is placed on integrating theory with practice through an in-depth analysis that integrates understanding from both conceptual frameworks for thinking about organizations as well as your personal experiences or observations related to them.

Learning Outcomes In BMA5118 Special Topics In Business Policy: Global Strategy Assignment

The following questions are not learning outcomes, but rather just Sample questions that might be asked in the BMA5118 Special Topics In Business Policy: Global Strategy Assignment. If you ever receive such a set of assignments then do contact us for help with your studies in Singapore.

Assignment Activity 1: How might global events affect multinational management practices

Global events affect multinational management practices primarily by influencing public opinion. 

Teamwork is the key to long-term success for any international business. It takes an entire organization to make a successful and profitable company: one cannot succeed without the other. A workwoman (or man) is only as good as his (her) colleagues; it’s important for them all to do their part in order to prevent mistakes and work efficiently. For this reason, global events can greatly affect multinational management practices at the human resources level, because any hindrance whatsoever on both ends of an organization could cause a botched up job that robs people of their jobs or reduces profitability at home. This coupled with public opinion means that global events do have an effect on multinational management practices.

International events affect multinational management practices in terms of public opinion. When it comes to international events, one would think that the people are not affected on a company-to-company scale due to the fact that each company is very different from one another and has their own unique set of rules, ethics, and morals. The thing that ties companies together is the fact that they are all international and have some sort of stake in the global market. This means that, when it comes to public opinion, multinational management practices can be greatly swayed by something like a natural disaster or act of terrorism.

Assignment Activity 2: Discuss in brief the changing focus of international business studies.

International business studies are changing to focus on issues of globalization, multinational corporations, global investing, electronic commerce, and other aspects of the world economy.

This programming needs to prepare the student with knowledge in international markets and trade strategies as well as cultural complexities faced by traveler seeking business opportunities abroad. Marketing management courses will now cover product development plans tailored for worldwide marketing rather than just domestic marketing.” This change is because smaller countries adopt their own independent coursework that cater specifically to the local economy. The Nordic countries have implemented 10 week-long dissertation seminars debating questions such as whether Latvia should join NATO or not.

The curriculum for international business degrees are changing as the globalization of business becomes more prevalent. This shift is necessary to accommodate the ever-changing landscape of international markets and to give students the skills they need to be successful in a globally connected world.

Assignment Activity 3: Discuss the steps involved in entering a foreign market

Entry is necessary for a company to grow internationally. It’s about an organization fully engaging in the country of interest, and making investments across the entire value chain that put it into a position to operate more effectively abroad. Entry can be achieved through organic growth or acquisition of a local business. The following are some important considerations when entering a foreign market:

1) Ensure you have an understanding of your surroundings by ranking the entire regulatory structure from worst to best—begin with what you perceive as being most likely to affect your outcomes from least likely 

2) Conduct due diligence on all possible entry points 

3) Analyze each possible route so as to optimize cost and time | consider which business model/strategy best suits the situation

4) Ascertain what key resources and capabilities you will require to execute your chosen model and begin building a local team with the necessary skills

5) Develop a comprehensive market entry plan that addresses all potential risks and opportunities.

Assignment Activity 4: Your thoughts on globalization and our society’s future interactions with global markets and social systems

It is important to understand how globalization is impacting our society so that we can better prepare for it. It has presented many opportunities but also introduced risk in the form of vulnerability. Global markets have drawn together all peoples and cultures which has helped accelerate innovation, yet they are also responsible for increased inequality where corporations are concerned. 

Society’s future interaction with global social systems will depend on their ability to capitalize on the opportunities that come from global markets while mitigating vulnerabilities that arise when society interacts with them. For example, what will happen when each country starts to feel more self-reliant in technological terms? From an international relations perspective, nothing much would change in this situation because there would be less dependence on trade relationships between countries that would have the responsibility of supplying the necessary resources in a trade relationship. But society would lose out on some benefits from globalization, in this case, innovation.

Assignment Activity 5: Different multinational competitive strategies

One of the most important decisions a multinational corporation makes is deciding on their international competitive strategy. There are three basic ways to compete internationally – native, exporting and global. Native strategies include broadening the customer base to nations in which subsidiaries operate and importing products from other markets in addition to making own country’s product available for sale there. Exporting tactics include shipping overseas semi-finished goods or finished products and reinvesting returns in company growth and development so that production can be increased domestically while at the same time maintain sales overseas territories. The third option, globalizing, entails setting up manufacturing plants around the globe worldwide to enable quicker action on market opportunities that arise anywhere in the world where competition is generous enough, such as China or India.

Exporting is the classic multinational strategy in which a company sells its own products in foreign markets. A classic exporting firm must have the ability to produce goods at competitive prices, target established buyers in specific regions with appropriate marketing methods and maintain effective distribution systems. The benefits of an exporting operation are that profits are earned in local currencies, the company may be able to use less-expensive foreign production facilities, and it can build a global brand.

The key challenges of exporting are that a company’s products must be appealing to buyers in other countries, it needs an effective way to get its products to those buyers, and it must be able to manage different business cultures and regulations in different countries.

Assignment Activity 6: What do you think the role of a multinational subsidiary is

Multinational subsidiaries are a crucial cog in the wheel of globalization. After all, without multinationals producing products and services for various regions around the world, many people would have difficulty communicating with one another because everything would be produced by a company from their region alone. Multinational companies provide a consistent level of service and customer experience because they exist to serve the entire world rather than one specific country.

In addition, multinationals offer great opportunity to earn both educational qualifications and personal experiences from other countries that may not otherwise happen if people don’t work abroad or move through schooling opportunities. Multinational companies can also produce goods cheaper which means more money goes straight into citizens’ pockets where it helps eradicate poverty at the local level as well as provide higher standards of living.

Unfortunately, this “good” is not without its dark side. The dark side is called offshoring which is the act of moving jobs from one country to another in order to cut costs and increase profits. Offshoring can be done for any number of reasons such as cheaper labor costs or tax benefits but it all comes down to one thing: companies are able to make more money by producing goods and services in other countries.

Assignment Activity 7: Your thoughts on knowledge management in a multinational context

Knowledge management systems offer a way to transfer knowledge within and between enterprises. Usually, you can set up such a system as an intranet site for information sharing or as an internet site; the greatest advantage is that these systems let any participant contribute according to their expertise. The key thing, however, is that all participants must have a manager who oversees communication and feedback so company goals are not sacrificed.

A multinational context offers several conceptual advantages over a single business enterprise because of communication among diverse cultures and languages. Because of this communication diversity, companies should have well-defined organizational structures – but it’s even better if those structures are flexible enough to accommodate individual needs. In other words, think about both hierarchy and networking when designing your organization chart.

Knowledge management systems are only worthwhile if they actually yield measurable benefits for the company. You can measure your system’s effectiveness via communication networks, information dissemination and knowledge base growth rates, etc. There are several ways to improve your current KM strategy, but one of the most important things is to make sure that everybody within the company knows what the system is and how it works.

Assignment Activity 8: Some ways that companies can successfully operate in the emerging markets

Some ways companies can successfully operate in emerging markets would be to ensure that there is a balance between extracting and adding value. Companies need to analyze what types of labor they want, such as skilled labor or unskilled labor. Skills will affect wages and compensation. Additionally, it is good practice for these corporations to self-produce their products because outsourcing certain parts of production may prove costly. Finally, use technology on a company’s own terms with a sense of intentionality about how they are used today and where they might go tomorrow.

It is best for companies to utilize local resources in emerging markets. Companies should carefully analyze the type of labor they want, whether skilled or unskilled. Technology can be used on a company’s own terms with an intentional approach about how they are used today and where they might go tomorrow.

This is a great opportunity for companies to get involved in the market, but they should be aware of the challenges that come with it. To begin with, many countries in these regions have unstable or developing economies which can hamper business efforts. Additionally, some countries have political unrests, which can create unpredictability in the market.

Assignment Activity 9: How do you think the global knowledge economy will impact other countries

The global knowledge economy will impact other countries in a number of ways.

It’s easier to spread information and ideas across the globe now more than ever, and that has led to increased globalization and cultural understanding. Countries can’t effectively insulate themselves from international economics any longer as they depend on trade as much as any other country does, so this leads to increased investment opportunities around the world.

People are also connected now more than globally than they were before, so foreign affairs often receive greater global scrutiny because of social media for example, which would not happen before if it was just through news outlets like television networks. This inevitably leads to an increase in accountability and regulation of countries where abuse and corruption is taking place around the world. Again, these are just a few examples of how the global knowledge economy is impacting other countries in different ways.

The global knowledge economy has truly created a more interconnected world, and it’s fascinating to see all the different ways that this is playing out. The global knowledge economy is having a profound impact on the way that countries do business with each other.

It’s easier to spread information and ideas across the globe now more than ever, and that has led to increased globalization and cultural understanding. Countries can’t effectively insulate themselves from international economics any longer as they depend on trade as much as any other country does, so this leads to increased investment opportunities around the world.

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