This document contains workings, explanations and solutions to the MNB3701 Assignment 6 (QUALITY ANSWERS) Semester 2 2024. For assistance whats-app us on 0.6.8..8.1.2..0.9.3.4...
MNB3701
Assignment 6 Semester 2 2024
Unique Number: 217042
Due Date: 7 October 2024
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• Detailed explanations and/ or calculations
• References
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, TABLE OF CONTENTS
1. EXECUTIVE SUMMARY ........................................................................... 5
2. LITERATURE SEARCH ........................................................................... 6
3. BACKGROUND ........................................................................................... 8
3.1. Historical Path to Becoming an MNE ..................................................... 8
3.2. Key Decisions and Role of Decision Makers ......................................... 9
3.3. Motivation for Expanding into Africa ...................................................... 9
3.4. Product Markets Served ...................................................................... 10
3.5. Objectives Set by Management ........................................................... 10
4. FORMAL INSTITUTIONAL FRAMEWORKS ............................................. 11
4.1 Overview ............................................................................................... 11
4.2. Political System ................................................................................... 11
4.2.1. Determinants of Success and Failure ............................................ 11
4.2.2. Implications for Management ........................................................ 11
4.3. Economic System ................................................................................ 12
4.3.1. Determinants of Success and Failure ............................................ 12
4.3.2. Implications for Management ........................................................ 12
4.4. Legal System ....................................................................................... 13
4.4.1. Determinants of Success and Failure ............................................ 13
4.4.2. Implications for Management ........................................................ 13
4.5. Evaluation of Propositions from the Institutions-Based View ............... 13
4.5.1. Political System Evaluation ........................................................... 14
4.5.2. Economic System Evaluation ........................................................ 14
4.5.3. Legal System Evaluation ............................................................... 14
4.6. Conclusions and Implications for Management Action ........................ 14
5. INFORMAL INSTITUTIONAL FRAMEWORKS .......................................... 15
5.1. Overview .............................................................................................. 15
5.2 Cultural Context .................................................................................... 16
5.2.1.Importance of Cultural Understanding ............................................ 16
5.2.2. Cultural Sensitivity and Adaptation ................................................ 16
5.3. Language Competencies and Cultural Interactions ............................. 17
5.3.1. Language as a Barrier and Enabler ............................................... 17
5.3.2. Strategies for Effective Communication......................................... 17
5.4. Religion and Ethical Norms ................................................................. 17
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