MBA INTERNAL ASSIGNMENT - C (Subjective) [Semester __ ; u International pe usin Name: Kartick Jana Reg No: OLA21PBA0187 Guidelines: + The response sheet should be in word format which should be uploaded in the learning management system + Aplagiarism check should be done by student through plagiarism tool provided in the learning management system + Permissible plagiarized limit is 10%. Response sheet found with plagiarized content above 10% would not be evaluated for the said assessment. + The said assignment is for 15 marks with 3 questions each. (5 marks per questions) . Passing criteria is 50% for every assignment. Write answers for the questions below. (5 marks each)1. What is the impact of political factors on international business? Political factors can have a significant impact on international business, shaping the business environment in foreign countries and influencing the success or challenges faced by companies operating globally. Several key political factors can affect international business: 1. Government Stability: The stability of a country's government is crucial for businesses to operate smoothly. Political instability may lead to violence, economic volatility, and trade disruptions, posing risks to business operations. 2. Government Policies: Government policies, such as taxation and trade regulations, can directly impact businesses’ profitability and market access. High taxes or trade restrictions may hinder international trade and business growth. 3. Political Risk: Political risk refers to the potential for government actions that negatively affect businesses. Actions like nationalization, expropriation, or the imposition of tariffs and quotas can disrupt international business operations. 4. Legal Environment: The legal environment in a country can influence business operations. A weak legal system may hinder contract enforcement and the protection of intellectual property rights. 5. Corruption: Corruption poses challenges for businesses operating in certain countries. Dealing with corrupt practices may create ethical dilemmas and increase operational costs. By understanding and managing these political factors, businesses can effectively mitigate risks and improve their chances of success in international markets. Here are some practical points for businesses to navigate theimpact of political factors in international business: 1. Conduct Thorough Research: Before entering a foreign market, businesses should conduct comprehensive research to understand the political landscape, government stability, legal system, and corruption levels in the country. . Build Local Relationships: Establishing strong relationships with local partners can help businesses navigate the political landscape and understand local customs and practices. . Flexibility and Adaptability: Given the dynamic nature of politics, businesses must remain flexible and adaptable to respond to changes in the political environment effectively. 4. Consider Political Risk Insurance: Investing in political risk insurance can provide financial protection against potential losses resulting from political actions. By incorporating these strategies, businesses can proactively address political risks, improve decision-making, and enhance their ability to succeed in international markets. A comprehensive understanding of political factors enables businesses to make informed choices and develop strategies that align with the political realities of each foreign market they operate in. N w 2. Where does international and global strategy appear in strategic management textbooks? 3. What is the difference between management control and strategic control? International and global strategy typically appear as specializedtopics within strategic management textbooks. In strategic management literature, these concepts are often covered in chapters or sections that focus specifically on the challenges and opportunities of operating in a global business environment. The inclusion and depth of coverage may vary among different textbooks based on their scope and target audience. Here are some common sections or chapters in strategic management textbooks where international and global strategy topics may be found: 1. International Expansion Strategies: This section explores the reasons and methods for companies to expand their operations beyond their home country's borders. It may cover topics like market entry modes (e.g., export, licensing, joint ventures, foreign direct investment), international market analysis, and global market selection. . Globalization and Global Strategy: This section addresses the implications of globalization on business strategy. It covers the challenges and opportunities of operating in a globalized world, including global market trends, cultural considerations, and global value chain management. . Managing Multinational Corporations (MNCs): This chapter may delve into the strategies employed by multinational corporations to coordinate and leverage their operations across different countries, including global product standardization versus localization. International Strategic Alliances: This section explores the importance of strategic alliances and partnerships in the global context. It may cover topics like joint ventures, strategic alliances, and cross-border collaborations. . Global Competitive Advantage: This chapter discusses how firms can achieve a sustainable competitive advantage in the global marketplace. It may address concepts like global branding, global cost leadership, and N w - wodifferentiation strategies. Global Entry Strategies: This section focuses on the various strategies and approaches that companies use to enter and expand in foreign markets. It may include discussions on mergers and acquisitions, greenfield investments, and strategic alliances. '. Global Market Analysis and Assessment: This chapter may address the importance of conducting a thorough analysis of global markets, including market sizing, segmentation, and evaluating the potential of different regions. Global Strategic Planning and Implementation: This section may cover the process of formulating and implementing global strategies, including issues like organizational structure, cross-border coordination, and managing cultural diversity. These topics are often found in advanced strategic management courses or specialized international business courses within business schools and universities. The inclusion of international and global strategy concepts reflects the increasing importance of global markets and cross-border operations in today's interconnected business landscape. As businesses expand their horizons and seek growth opportunities beyond their home markets, understanding and mastering these concepts becomes crucial for successful strategic management. s ~N #