Global business environment, Business Management

Integrated Management Project (IMP)

This additional section of the Guide provides greater depth in understanding what is expected from you from the perspective of each of the three subjects that make up the IMP.

Global Business Environment (GBE) perspective Prepared by EH

From a GBE perspective, the IMP is about the review of the external environment when you undertake your organisation's strategic analysis. It relates to issues at the macro and not the industry or organisational level. Basically it amounts to an analysis of the critical factors of the environment that result from a PESTEL; it does not include other analysis such as Five Forces, competitor analysis or company valuation which are left for the other two subjects of the IMP. Since the external business environment encompasses a vast range of topics, we only expect you to refer to those which have been covered in the course materials.

As shown in the guide, the topics are:

1. macro-economic policies and measures adopted by governments at the national level; we include only those which were considered to be of more direct relevance to international business.

2. agreements and institutions at the multilateral (e.g. WTO, World Bank, IMF, UN) and at the regional level (e.g. European Union, NAFTA and ASEAN)

3. Technological changes as a driver and enabler of globalisation.

4. A range of current challenges, namely environment, culture, ethics, fair trade and sustainability. Other important subjects, such as energy or foreign aid, were not covered for lack of time in the course. The important task of GBE is in selecting the macro environmental issues which are more relevant to the analysis in question. These are likely to include all the elements of PESTEL, but some will be more critical than others. For instance in the case of an organisation in a high tech industry, technological changes will probably need to be discussed in more depth than in agriculture. In the case of the latter, government policies and multilateral/regional agreements will be more relevant. For companies that produce only in one market and export globally, protective measures adopted by governments and exchange rate considerations will loom high. Or, a company operating in the oil and gas industry will need to focus on environmental and political factors. In the case of a pharmaceutical company, a critical concern will be the intellectual property rights in a country and how these are implemented. Finally for public service companies, analysis of the likely changes in legislation and regulation will be essential.

Posted Date: 3/6/2013 2:02:25 AM | Location : United States







Related Discussions:- Global business environment, Assignment Help, Ask Question on Global business environment, Get Answer, Expert's Help, Global business environment Discussions

Write discussion on Global business environment
Your posts are moderated
Related Questions
QUESTION (a) Discuss why effective communications are particularly important in project teams and give examples of formal and informal communication channels that are likely to

How is the matrix organisation created? Matrix organization is created through merging (as two complementary structures, as like) pure project organization and also functional

Buffer inventories are held to protect against the uncertainties of demand and supply. An organizationgenerally knows the average demand for various items that it needs. How

Firms are concerned about the cost of absenteeism (employees either arriving late to work or leaving early from work). When firms tell employees that their pay will be deducted for

Question 1: a) Discuss critically on : i) barriers to communication within an organisation. ii) ways to overcome these barriers. (b) State i) the principles and

QUESTION (a) In Community Marketing, what are the dynamics of community formation? (b) Describe five common payment system used in e-Business. (c) What are the advantages

Question 1 In today's changing world, every bank must identify risks and manage them effectively to maintain cash flow and profitability of banks. They need to follow a suitable r

QUESTION Through the study of Psychology, scientists seek to answer a wide range of important questions about human nature (a) Identify and describe carefully the important

Question 1 As a trader in order to be competitive and successful, how can you address some risks that are peculiar to foreign trade like commercial risks and political risks?