Essay
MNG4804 ASSIGNMENT 1 2024 (IMPORTANCE OF TRADING BLOCS; SOUTH AFRICA INTERNATIONAL TRADE STRATEGIES)
- Course
- Institution
MNG4804 ASSIGNMENT 1 2024
[Show more]
Seller
Follow
passmatetutorials
Reviews received
Content preview
passmatetutorials@gmail.com MNG4804 ASS 1 20240612521185/0717513144/0680538213
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS
NOT PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A
POSSIBLE SOLUTION TO THE TASK CONSISTENT WITH THEORY OF
INTERNATIONAL BUSINESS (MNG4804/INT4801). THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR
ASSIGNMENT, AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR
CHEATING. WE BELIEVE THIS WILL BE A GOOD STARTING POINT AS IT WAS
PREPARED BY OUR TEAM OF PROFESSIONAL PRIVATE TUTORS WHO ARE
EXPERTS IN THE FIELD, AND IT WAS PREPARED USING VARIOUS SOURCES.
ANY SIMILARITY WITH ANY EXISTING THEORY OR DISCUSSION BY OTHER
AUTHORS IS EXCUSED. THE AUTHORS HOWEVER DO NOT CLAIM MONOPOLY
TO KNOWLEDGE HENCE MODIFICATION OF THE ANSWERS CONTAINED IN
THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT CONTRIBUTES TO
EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE ABOUT THE
INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL, CONTACT
PASSMATE TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI,
MNMs, MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION
PREPARATION, RESEARCH AND RESEARCH PROPOSALS, DISSERTATION
EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ,
UP etc
For any enquiries the following numbers can be used for calling, sms, whatsapp and
telegram
CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717
513 144
,passmatetutorials@gmail.com MNG4804 ASS 1 2024
0612521185/0717513144/0680538213
Contents
QUESTION 1 .......................................................................................................................................... 4
Introduction ......................................................................................................................................... 4
Strategies for Recovery in International Trade ................................................................................... 4
Diversification of Supply Chains ..................................................................................................... 4
Digital Transformation .................................................................................................................... 4
Health and Safety Standards ......................................................................................................... 4
Trade Facilitation ............................................................................................................................ 4
WTO’s Trade Strategies...................................................................................................................... 5
Market Opening .............................................................................................................................. 5
Trade Facilitation Agreement (TFA) ............................................................................................... 5
Support for Developing Countries .................................................................................................. 5
Focus on Improving Employment ....................................................................................................... 5
Skill Development ........................................................................................................................... 5
SMEs Engagement......................................................................................................................... 5
Boosting the African Economy ............................................................................................................ 6
Aid for Trade ................................................................................................................................... 6
E-commerce and Digital Trade ....................................................................................................... 6
Multilateral Trade Negotiations ....................................................................................................... 6
Conclusion .......................................................................................................................................... 6
QUESTION 2 .......................................................................................................................................... 6
Introduction ......................................................................................................................................... 7
Geopolitical factors ......................................................................................................................... 7
Natural disasters............................................................................................................................. 7
Labor and human rights issues ...................................................................................................... 7
Cybersecurity threats...................................................................................................................... 7
Climate change............................................................................................................................... 7
Technological Advancements ......................................................................................................... 7
Trade Liberalization ........................................................................................................................ 8
Globalization of Markets ................................................................................................................. 8
Key drivers of globalization ................................................................................................................. 8
Economic Factors ........................................................................................................................... 8
Technological Factors ..................................................................................................................... 8
Political Factors .............................................................................................................................. 9
Trade liberalization ......................................................................................................................... 9
Globalization of production ............................................................................................................. 9
Cultural exchange and consumer demand .................................................................................. 10
Conclusion ........................................................................................................................................ 10
, passmatetutorials@gmail.com MNG4804 ASS 1 2024
0612521185/0717513144/0680538213
QUESTION 3 ........................................................................................................................................ 10
The Double-Edged Sword: Culture's Impact on Multinationals in Africa .......................................... 10
Culture as a Competitive Advantage ................................................................................................ 11
Rich Market Knowledge ............................................................................................................... 11
Enhanced Innovation .................................................................................................................... 11
Stronger Relationships ................................................................................................................. 11
Culture as a Source of Problems: ..................................................................................................... 11
Communication Challenges ......................................................................................................... 11
Management Clashes .................................................................................................................. 11
Ethical Dilemmas .......................................................................................................................... 11
Addressing Cultural Impact:.............................................................................................................. 11
Localization ................................................................................................................................... 12
Building Diverse Teams ................................................................................................................ 12
Community Engagement .............................................................................................................. 12
The Rise of Intra-African Business ................................................................................................... 12
The Role of Technology ................................................................................................................ 12
The Importance of Storytelling ..................................................................................................... 12
The Evolving Landscape .............................................................................................................. 12
Conclusion ........................................................................................................................................ 13
QUESTION 4 ........................................................................................................................................ 13
Introduction ....................................................................................................................................... 13
Key strategies ................................................................................................................................... 14
Market Opportunity ....................................................................................................................... 14
Supply Chain Logistics ................................................................................................................. 14
International Law Compliance ...................................................................................................... 14
Strategic Partnerships (BRICS) .................................................................................................... 15
Local Resources ........................................................................................................................... 15
Diversification of Trade Partners .................................................................................................. 15
Economies of Scale ...................................................................................................................... 15
Enhanced Regional Integration .................................................................................................... 15
Technology Transfer and Skills Development .............................................................................. 16
Attracting Foreign Investment ...................................................................................................... 16
Conclusion ........................................................................................................................................ 16
References ............................................................................................................................................ 17
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller passmatetutorials. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.51. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53022 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now