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- What are the implications of the above differences for how business is conducted in Malaysia and China?3. The external issue of _____ faced by a company abroad is often amplified by the "alien status" of the company, which increases the difficulty of properly assessing the dynamic international business climate. a. Economic b. Political c. Cultural d. TechnologicalProvide at least two (2) examples/case studies of international modes of entry utilizedby multinational corporations in Thailand, Malaysia and South Korea that havesucceeded or failed. The name of the multinational must be clearly stated in eachexample. Be sure to state the mode of entry utilized in each example in each country.Why do you think they would have succeeded or failed in each example included?
- Multinational enterprises do not formulate worldwide strategies but rather regional What does this statement mean and how does it help us better understand international business?2 b) Suggest three (3) reasons why companies engage in International Business? 3.Set up a company that is expanding from local market to international business. 1) What is the entry strategy to penetrate international market? 2) Explain your company's entry mode such as below: -Exporting -Turnkey Projects -Licensing -Franchising -Joint Ventures -Wholly Owned Subsidiaries -Strategic Alliances 3) What are the Core Competencies during the entry Mode? 4) Explain the Advantages, disadvantages, challenges facing your international trade from the perpective such as below: - Political Policies - socioeconomic impact - trade barriers - organization competitive advantage
- Discuss the multi-disciplinary nature of international business. Doyou agree with the comment that “The ‘international’ in ‘internationalbusiness’ is superfluous because globalization has meant that allbusiness is to some degree international”? Please justify yourresponse.The methods of engaging in international business may be categorized as eitherdirect or indirect. How would you classify each of the methods of internationalbusiness? Briefly explain under what conditions should each of these methodsbe used?Simulate your own multinational corporation (MNC). Justify the form of your own MNC, based in the Caribbean, which trades with three countries outside of the Caribbean region.Then, examine issues related to foreign exchange management within your multinational corporation. This exercise should address the following: The form of MNC that the business takes, whether franchising, licensing, the exportation of a product sold through a distributor, etc. The rationale behind using this form of MNC should also be given. The main foreign currencies that will be used in the business. The foreign exchange exposure of the company and how the company plans to manage this exposure. Any current financial issues that affect the operating environment of the MNC and how these issues affect the company’s foreign currency exposure.
- 2. Culture explains how we behave toward each other and with other groups especially when doing business across borders. Pretend you have been hired by ABC Company Limited. Your manager has indicated to you that the company wishes to do business in foreign markets but is worried about the cultural risk of foreign markets. With the use of an example, briefly describe to your manager ONE cross cultural risk that the company should be aware of and ONE recommendation you will make to mitigate your identified risk. A complete answer will include the use of an example to help support your explanation on the cross-cultural risk in the context of internationalization.What are some ways in which accompany can engage in global business and how do multinational corporations differ from other companies that participate in global business?Businesses can indeed influence international relations. Please provide two examples of businesses that try/tried to influence international relations. In what ways did the two businesses that you identified try to influence international relations? Were their attempts successful?