7BSP0355-0901 International Business Strategy Assignment Sample
Introduction
| Regardless of the fact that this is unlikely, it is feasible that if stakeholder management becomes very burdensome, it will have a negative impact on the organization’s financial and operational health.
Consumers and shareholders are not comparable, and the terms should not be used interchangeably in this situation. Governments with such a significant number of stockholders, such as the United Kingdom and the United States of America, wield tremendous political power. Shareholders are members of the general public who have acquired equity shares from the corporation. If they believe that the company’s actions will have a negative influence on their investment activities, they may file a court fight against the business.
|
Main body (3 paragraphs of between 200- 250words per paragraph)
Paragraph 1: (Summaries your key learning from weeks 1& 2 here) e.g. What you learned about Strategy, Megatrends & the macro environment etc.
| The first round featured an orientation meeting in which participants were offered the option to engage with others by forming a circular and trying to get to know each other. Students were capable of interacting with and learning about their classmates from a diversity of perspectives (Cepel., 2019.). The focal point of the workshop is the importance of worldwide strategic planning. Business managers were also covered, as were investment opportunities in foreign countries. Moreover, the topic of development was brought up throughout the conversation. Students also developed a greater knowledge of digitalization and the way it helps with individual and societal organization. They might look at implementing a digital model structure and info graphics. They would also like to understand more about industrialization and deglobulisation, and also legislation enacted by other countries that make international trade more difficult and cause global supply chains to stall (Ślusarczyk and UL HAQUE, 2019). Global warming and unemployment were also discussed throughout the conference.
The second week was devoted to leadership and management decision-making within the company, as well as the organization and partners. They were familiar with the term “corporate environment” and its various subcategories, which include the external macro environment, the different industry atmosphere, and the company’s internal atmosphere. They also learned about PEST analysis. PEST stands for the ideological, financial, societal, and situational environment. The Pestle framework is a well-known tool for analyzing specific risks. It assists in doing a detailed evaluation of the surroundings of a company. Students may do further research on Porter’s diamond structure. This method may have been used to discover that certain corporations and organisations flourish while some collapse.
|
Paragraph: (Summarise your key learning from weeks 3 &4 here, for example industry and the firm’s internal environment. Refer to weeks 3& 4)
| Week three carried on the preceding week’s examination of the economic landscape. Students studied the lifecycle of the business that creates value and availability, and how much it influences companies and corporate directions. Recognizing the challenges and possibilities also helps Multinational enterprises design a successful international economic approach. Businesses extend their activities in order to effectively tailor their product to the cultural and social environment. Economic forces, regulatory operators, competitiveness operators, and responsible parties, among others, all contributed to the prospect of globalisation, according to Yip. In Porter’s five forces, the availability of substitutes, the possibilities of newcomers, the threat of substitution, the power of consumers, and the danger of replacements are valuable tools for assessing businesses (Radović-Marković, Salamzadeh and Vujičić, 2019).
Week 4 is all about transitioning externally to the inside of the corporation. An idea was also made clear to the learner. A resolute analysis helps the management to develop its advantages and shortcomings. Also on the subject of intentional extension. Furthermore, the issue of intentional stretching was considered. It is defined as the prepared young by management as having the potential to provide the company with a chance to compete, e.g. Perhaps one of the most successful examples is a very well-known company Apple (Hans, 2018). A good strategy actively promotes executives to be innovative and original. Sharp Corporation, Toyota & Honda, Intel, and Wal-Mart are among some of the companies with particular competencies. One idea of an enterprise is a competitive edge, which refers to its capacity to achieve a mix of cost and service. It brings in a lot of money for the company.
|
Paragraph 3: (Summarise your key learning from weeks 5& 6 here, for example stakeholders analysis, and SWOT & TOWS. Refer to weeks 5& 6)
| The fifth week provided learners with the ability to study something like a range of previously unknown subjects. For starters, there seems to be a distinction to be drawn between shareholders and investors (Vlados and Chatzinikolaou, 2019 ). Shareholders are those that promote and aid organisations in their functioning. This group includes a variety of entities, including journalists, stockholders, and even the authorities. However, if corporate governance gets onerous, reputation damage costs will be incurred. Companies and investors aren’t the same things. Owners wield considerable authority in nations such as the United Kingdom and the United States of America. These would be the individuals that possess stock in the firm. They have the ability to sue the corporation if they believe it has violated their rights. Students also learn about SWOT analysis. They have always had the right to sue the corporation if they believe that any move provided by the business would jeopardise their interests. In fact, students have added a new term: Corporate Social Responsibility, or CSR. Corporate social responsibility refers to a company’s beneficial environmental efforts. For example, Medtronic’s SWOT analysis can be given (Rimita, Hoon and Levasseur, 2020). The strength of Medtronic is Rapid industrial expansion with minimal opposition. They have good brand recognition and the capacity to use technology. The weakness of Medtronic is inconsistency and ineffectiveness. Distributor and other partner relationships. But there are opportunities for Medtronic’s Special updates and industries are being developed. Consolidations to acquire a competitive edge. There are threats for the company like geographical expansion, Expenses and income are volatile as a result of shifting currency fluctuations.
|
Conclusion
So what are your key takeaways from the module so far and suggest a brief action plan for how you plan to use your learning in future. Provide a short action plan in the appendix
| It can be concluded that this session gives great knowledge about the business environment. They gain knowledge about the possible issues or hazards that might endanger the effort, possibilities, and connections that can be expanded upon throughout execution. They gain knowledge about SWOT, PESTELanalysis it helps them It assists a company in identifying influences that may have an impact on internal choices. Examining the effects these environmental factors have on a company allows it to prepare more effectively. It assists students in identifying analysis of the strengths, Limitations, Prospects, and Risks. It teaches how to expand on what a firm does effectively, correct what a person lacks, grasp new opportunities, and avoid risks. When implementing any new plan, conduct a SWOT Method to examine your group’s situation. These learnings is very helpful for them.
|
Reference list
Cepel, M., 2019. Social and cultural factors and their impact on the quality of business environment in the SME segment.
Radović-Marković, M., Salamzadeh, A. and Vujičić, S., 2019. Selection of organization models and creation of competences of the employed people for the sake of competitiveness growth in global business environment. International Review, (1-2), pp.64-71.
Rimita, K., Hoon, S.N. and Levasseur, R., 2020. Leader readiness in a volatile, uncertain, complex, and ambiguous business environment. Journal of Social Change, 12(1), p.2.
Ślusarczyk, B. and UL HAQUE, A., 2019. Public services for business environment: challenges for implementing Industry 4.0 in Polish and Canadian logistic enterprises. Administration & Public Management Review, (33).
Vlados, C. and Chatzinikolaou, D., 2019. Methodological redirections for an evolutionary approach of the external business environment. J. Mgmt. & Sustainability, 9, p.25.
………………………………………………………………………………………………………………………..
Know more about UniqueSubmission’s other writing services:
