How to internationalise your business

Assignment Help Other Management
Reference no: EM13322

The Magic Fuel Company (MFC) is an Australian public company specialising in the production of fuel additives and other fuel products.

Experimentation with fuel and the utilisation of  additives to make engines run more efficiently has resulted in the production of a super concentrated fuel gel which has the potential to reduce all fuel to approximately 20% of current volume and increase the efficient burning of the concentrate by up to 200% of current refined fuel products.

This means that each litre of fuel is equivalent  to approx 200 ml of gel and fuel usage is reduced to half current usage. Using the fuel gel a car with a 60 litre tank using 10 litres per hundred kilometers of conventional fuel could carry the equivalent of 300 (5*60) litres and travel approximately 3000 kilometres per tank. The gel is the same weight as current fuel, is less volatile and has a longer shelf life.

MFC is aware of the potential of the new technology  te company has developed to refine crude petroleum and the value of the special additives for the gelling process and reactivation of the gel within the engines of vehicles. The dilemna is how to take their  knowledge and the process to the world. (Australia currently imports refined fuel from Asia).

In this assignment you have to advise MFC how to internationalise this new and potentially huge business.

Question 1:

a. Why would MFC choose to trade internationally? State your reasons clearly and concisely. 

b. Describe concisely the main types of international business this firm is likely to set up in the short term and long term. Give reasons for your choices.

c. What does the term globalisation means in relation to this business?

Question 2:

  1. Describe concisely the main barriers to international trade that MFC may face.
  2. What are the arguments for and against trade protection and how would they influence MFC?

Question 3: 

  1. What are the main types of political and legal risk  that MFC may have to deal with in its operations?
  2. What type of strategies can MFC use to manage political and legal risk? 

Question 4:

  1. Describe Hofstede's framework for analysing cultural differences. 
  2. What are the strengths and weaknesses of Hofstede'sFramework  for MFC managers analysing cultural differences? 
  3. How would cultural characteristics influence patterns of communication for MFC managers in USA and  in India?
  4. How can the managers of CI take different communication characteristics into consideration to improve cross-cultural communication?

Question 5:

  1. Using point format, briefly describe how could MFC use the range of international trade organisations. 
  2. What influence could  regional economic groups be used by MFC?

Reference no: EM13322

Questions Cloud

Learning in action : Learning contract proposal that will form the basis of your learning contract report.
Systems of ode : Find all the xed points, and study their stability and Draw the phase portrait of the system, as well as the graphs of the solutions in all relevant cases.
Realize business and organizational data storage : Realize business and organizational data storage and fast access times are much more important than they have ever been. Compare and contrast magnetic tapes, magnetic disks, optical discs
Provide financial planning advice to the clients : Provide financial planning advice in the case study.
How to internationalise your business : In this assignment you have to advise MFC how to internationalise this new and potentially huge business.
Compute the beta for the total portfolio : Compute the beta for the total portfolio and Analyze the portfolio.
Structure of business plan : This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.
Create a project schedule and align resources : Create a project schedule and align resources, Analyze project schedule and resource allocation
Implementation of memory management : Assignment covers the following eight topics and explore the implementation of memory management, processes and threads.

Reviews

Write a Review

 

Other Management Questions & Answers

  Corporate culture:what makes an organization

This assignment is highlight the integrating the concept of organizational culture and organizational values in the business organisations.

  Essay on stress and wellbeing

Write an Essay on Stress and Wellbeing

  Effect of costs on product profitability

Understand financial performance measures, pricing and product mix decisions and how we as Management Accountants can add value to Customers and Shareholders.

  Industrial engineers in the international bussiness

Industrial engineer has become very important in an organisation.The scope of industrial engineer has widened as markets today have increased from local, national to international levels and hence, the role of industrial engineer has been constantly ..

  Essay on critical thinking and its importance

The essay about critical thinking and its importance.

  Compute the beta for the total portfolio

Compute the beta for the total portfolio and Analyze the portfolio.

  Project proposal for healthcare organizations

New pressures unit rising in most countries with public expectations and demands for health care increasing worldwide.

  Risk allocation in construction contract

The paper aims to shade intensive lights over risks allocation and its related aspects embedded with a construction contract.

  Developing a monitoring system

This report describes about the importance of development of monitoring system in distribution. This is crucial from the perspective of collection and storage of significant data to generate meaningful information which leads to sound decision making..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd