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ASSIGNMENT
| DRIVE FALL | 2014 |
| PROGRAM | MBADS – (SEM 3/SEM 5) / MBAN2 / MBAFLEX – (SEM 3) /
PGDIB – (SEM 1) |
| SUBJECT CODE & NAME | IB0012 – Management of Multinational Corporations |
| BK ID | B1200 |
| CREDITS | 4 |
| MARKS | 60 |
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.
1 Discuss the relationship between international business and international organizations. What could be the objectives of going international?
Answer : International business
Every major industry has been affected by international business trends, innovations and trade. Foster’s international business curriculum prepares students for careers in export and import firms, international banking, multinational business, government agencies, international organizations and more.
International business comprises all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more regions, countries and nations beyond their political boundaries. Usually, private companies undertake such transactions for profit; governments undertake them for profit and for political reasons.[1] It refers to all those business activities which involve cross border transactions of goods, services, resources between two or more nations. Transaction
2 Discuss the following theories of international trade:
- a) Comparative cost advantage theory
Answer : According to Smith’s Theory trade would take place between countries only if the country enjoys an absolute cost advantage in production of a particular commodity over another.
However, it is seen in some cases that country A enjoys a produces all commodities at a cost lesser than country B. But, despite this country A ends up importing some commodities from country B. Ricardo explained this using his theory of Comparative Cost Advantage.
3 Many countries are apprehensive about permitting MNCs operations. What are the possible reasons for this?
Answer : In an attempt to cut costs, many multinational corporations (MNCs) export their polluting activities through subsidiaries established in less developed countries. This exporting of pollutants is a crucial environmental issue[i]. Environmental pollution does not necessarily need to cross a country’s borders in the form of a substance, it can also pass the frontier through a decision taken in one state leading to environmental consequences in another (Scovazzi, 1991: 395). To put it differently, environmental
4 Compare the management styles in USA and Japan.
Answer : Japanese management style probably holds a more important key for a successful company than the American one. However, there are some approaches in the Japanese management that have their own flaws which could be fixed by learning and adapting some
approaches from American companies.
When it comes to employees and their job responsibilities in Japan and America, the statement that American team leaders are the only ones responsible for the whole team and the project they work on is not supported properly. In American corporations, each employee is responsible for his/her job; the team leader is not the only taking
5 Explain the scope of comparative management.
Answer : Comparative management is the study of various management principles, and how they apply from one situation to another. Such as with international companies. How these principles relate from one country to another. Management of international corporations is not a one size fits all scenario. There are many factors that will need to be taken into account. Among those are customs and social norms that vary from country to country. In some countries, care must be taken to address certain religious customs of the workforce.
Comparative management analyzes the extent to which
6 Write short notes on:
- a) Ethical issues in international management
Answer : There is an increasing emphasis on the corporate responsibility of large organisations from developed nations and the way they operate in third world countries. Many nations now impose their ethical standards on developing countries even though they themselves have been guilty of arguably unethical practices in the past. For example, the poor working conditions suffered in the third world were commonplace during the industrialisation of many western economies.
Some of the most common international ethical issues surround the environment, child labour, working standards and conditions,
- b) Social responsibility
Answer : Being Socially Responsible means that people and organisations must behave ethically and with sensitivity toward social, cultural, economic and environmental issues. Striving for social responsibility helps individuals, organisations and governments have a positive impact on development, business and society with a positive contribution to bottom-line results.
Social Responsibility can be “negative,” in that it is a responsibility to refrain from acting (resistance stance) or it can be “positive,” meaning there is a responsibility to act (proactive stance). Being socially responsible not only requires participating in socially responsible activities like recycling, volunteering and mentoring, but to actually make it a lifestyle. Only through a commitment to embrace and embed social responsibility into your personal value and belief system can you truly become socially responsible in all you do.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )