Reference no: EM133928365

Question 1:

The global business environment is influenced by external factors that can either support or threaten multinational business operations. As a future international manager, understanding these factors is crucial.

Define the concept of the global business environment and briefly explain any three (3) major challenges multinational firms must navigate in today's world (e.g., political, cultural, economic, technological).

Choose a recent real-world event (e.g., war, trade sanctions, economic crisis, global health issue, etc.) and explain how it affects the operations and decision-making of global firms.

How can international managers prepare to minimise such risks in the global business environment?

Question 2

Digital technology plays a crucial role in shaping global business and the role of international managers is becoming increasingly complex.

Explain how Information Technology (IT) has influenced the globalisation of business operations. Provide two (2) examples.

Identify three (3) key risks faced by global managers when managing overseas operations, as discussed in Lecture 2.

As a future global manager, explain how you would use IT and managerial best practices to address one of these risks in a culturally diverse environment. Get expert online assignment help in the USA.

Question 3
Explain why communication often breaks down in cross-cultural interactions. What role does cultural background play in how messages are sent and received?

Use the case of David (German VP) and Raj (Indian Manager) from Lecture 5 to illustrate how cultural filters influence message interpretation. What could have been done differently?

Identify two (2) key patterns of cultural difference (e.g., decision-making, expressing emotions, conflict management) and explain how a global manager should adapt to these in a multicultural team.

Question 4

Define strategic planning in the context of international business. Why is it crucial before entering new markets?

Briefly explain three (3) entry strategies a firm may use to expand globally. Include one advantage and disadvantage for each.

Compare the benefits of globalisation vs regionalisation. Which approach is more suitable for a startup in 2025? Justify.

Question 5

Describe the four main international staffing approaches: Ethnocentric, Polycentric, Regiocentric, and Geocentric. Include one scenario where each might be appropriate.

What are the top three (3) reasons for expatriate failure? Suggest ways to prevent them through IHRM practices.

Reflecting on your own cultural background, which staffing approach would you personally thrive under in an MNC? Explain.