Challenges for australian business leaders

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Reference no: EM133875969

Assessment Aim:

The aim of this assessment is to work in groups to investigate how an country's cultural, economic, political, legal and regulatory system may affect Australian managers doing business with those countries.

Thailand

Details:
According to Australian Department of Foreign Affairs and Trade (2020) China, Japan, Republic of Korea, United States of America, India, New Zealand, United Kingdom, Singapore, Thailand and Malaysia are among the top ten trading partners of Australia. Apart from this, Russia, Indonesia, Turkey, Brazil and South Africa are among the 10 Big Emerging Markets (BME) in the world. There are times that political tensions between countries can have implications for organisations. For example, the strained diplomatic relationship between Australia and China about the origin of COVID 19 outbreak and its effect on bilateral trade shows how economic, diplomatic, legal and military aspects are intertwined with each other. Again, the recent Russian invasion of Ukraine and its consequences across the globe is another example of how geo-political environment is shaped and how it may affect individual nations. Choose a country from the above-mentioned list that you consider doing business in would have significant levels of cultural, political and regulatory risk for Australian businesses and managers. The objectives of this assessment are for you to develop your capacity to:

Effectively undertake secondary research of the key challenges in the areas of that specific country's business environment, cultural value dimensions and political and regulatory risk.

- Apply relevant theory to analyse and evaluate the challenges and the implications of these challenges for Australian business leaders.

Provide justified recommendations to Australian business leaders to help them overcome, minimise or manage these challenges.

Present your research, analysis and recommendations as a group report and presentation.

The report should include the following:

Introduction to the report - describe your study and its aims and the structure of your report (no more than 250 words).

Background of the country's business environment, including economic, political, and regulatory aspects (approximately 500 words). Cite appropriate examples in relation to these aspects.

Cultural value dimension/s of that chosen country that may affect its business with Australia (approximately 500 words).

Political, diplomatic, legal and regulatory aspects of Australia that may affect doing business with the chosen country (approximately 500 words).

For each sub-section you must support your analysis with comprehensive literature and this must be correctly cited using Harvard WesternSydU referencing style.

Implications and recommendations (approximately 500 words).

Conclusion (approximately 250 words).

Decide amongst yourselves which group members will undertake which particular aspect of the research and report. The final submitted report must read as a coherent piece of work, i.e., it must not read, be compiled or be presented as a disjointed document. Therefore, it is important that the group members work together to compile, edit and complete the final report.

Research:
Use the library/web resources to research and investigate:
Chosen country's cultural values and beliefs - using Trompenaar's , GLOBE Project and/or Hofstede's cultural value dimensions.
Chosen country's business environment.
Political, economic and regulatory risk in the chosen country.

Report
• Introduction: no more than 250 words (yonathan)
• Background of country's business environment: 500 words - Economic Overview, Business Opportunities, Business Risks, Infrastructure & Digitalization, Corruption & Transparency (RAHILA)

choose a country that you consider doing business in would have significant levels of cultural, political and regulatory risk for Australian organisations and managers Hire best assignment help & experienced tutors now!

Undertake secondary research of specific country's business environment, political and regulatory risk and cultural value dimensions

Apply relevant theories to analyse and evaluate the challenges and the implications of those challenges for Australian business leaders

Provide appropriate recommendations for Australian business leaders to minimise/overcome/manage those challenges

Present your research, analysis and recommendations as a group written report and group presentation.

Reference no: EM133875969

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