BMG704(86968) International Finance Assignment Sample 2023
1. Description
The research analysis consisted of evaluating international financial performance and other firms related to it such as its impact, and fluctuation possibilities. I have experienced various types of situations in my school life that have influenced both my personal and professional lifestyles. During this analysis, I have to face various difficulties regarding understanding financial performance.
Thus, I have surveyed and analysed a lot of journals, and authentic websites of British American Tobacco and its financial performance. Accordingly, for better evaluation, I made a timetable of covering different segments of analysing at different times for appropriate time management. I listed out different segments that are beneficial and are relevant to the knowledge that I have attained in my school life.
2. Feelings
Time management helped me in covering additional concepts and knowledge that enhance my professional knowledge effectively. School life has in-built me as a potential thinker, all the hurdles and tough situations I have faced in my school life developed my personal and professional personality.
As opined by Queralt (2019), international finance demonstrates foreign taxes and loans. My teachers played an effective role in developing my actions for achieving a successful life. The interactive sessions with my schoolmates and teachers developed my communication skills that helped in becoming a professional potential listener.
I have associated all my knowledge and professional knowledge and effectively combined them for resolving real-life challenges. As per the view of Müllner (2017), analysis on the financial performance of MNCs develops an interest in financial background.
However, when there was a lack of information, I became a bit frustrated and stopped my work for a while. After that, I contacted one of my school teachers, he taught us to finance and asked for effective ideas for proceeding. Thus, it was an effective decision and my teacher motivated me to restart the analysis with full concentration.
3. Evaluation
The knowledge obtained from international finance study effectively enhanced my ideas about the finance field. I have analysed developing aspects of the international finance environment and thus that made me understand the requirements of monetary policies in the finance field. I have identified different operational procedures that are developed for balancing marketing strategies.
As cited by Alves, and Toporowski (2019), emerging economic elements develop international finance. These are important aspects that one should be acknowledged of before entering into business career options. Therefore, I have understood globalization effectively that will help in the future while choosing career options in different MNCs.
Appropriate knowledge of international finance, gained from this study and motivated me to take effective steps to assess the performance of BAT. On the other hand, the ethics and etiquette I have learned in my school life will enhance my working performance and other professional relations.
The knowledge of short-term and long-term investment structure and rates of the market has developed my market analysis and financing knowledge. However, I have found the drawback within me which is a lack of real-life experience which has impacted me while trying to discuss recent developments in international finance.
Figure 1: Gibbs’ reflective cycle
(Source: MS Word)
4. Analysis
The impacts and changes of international finance on the particular company, British American Tobacco, improved my ideas of the positive and negative impacts of business techniques. As per the evaluation, I have acknowledged that adopting appropriate business techniques is necessary for maintaining market strategies for attaining continuous profit.
As opined by Aziz et al. (2021), appropriate financial techniques and disciplines resolve complex problems in international finance. However, by analysing international finance impacts I have recognized my internal strengths and weaknesses that I can implement in business or MNCs in the future. I have identified effective marketing approaches that are beneficial for developing a business or MNC effectively.
Apart from that, it is evaluated that there is a possibility of fluctuation in international finance that makes an impact on the company’s financial performance.
The knowledge I have developed in school demonstrates that there are strategic growth operations and marketing activities that enhance the working structure of MNCs. Identifying the effective risks that are affecting BAT and effectively identifying the main source of risk. Thus, this will help me in stopping further problems that arise in my business or company. According to de Goede (2020), appropriate knowledge and application of international finance develop marketing strategies.
Accordingly, I can identify the main sources of finance and evaluate other monetary and effective policies for developing the weaker segments of my business. This will help me in identifying my weaker segments and I can effectively improve my working performance in those particular segments. Thus, by applying appropriate operations, I can increase the rate of profitability, liquidity, and solvency ratios in my business.
5. Conclusion
I have learned numerous aspects of international finance such as enhancement of the international finance environment, and impacts of international finance. Apart from that, fluctuation in international finance and their key strategies for developing risk management. These are the positive segments I have gained that successfully develop my professional knowledge of financing. On the other hand, the study has developed the idea of implementing an analysis of the financial performance of a particular company.
As opined by Clarida (2019), exchange rates, policy coordination, and monetary policy play a vital role in international finance. Therefore, I have analysed the financial performance analysis and identified necessities of profitability, liquidity, investment, and efficiency ratio analysis.
Thus, I have learned the concept of financial ratios in school, however, I haven’t developed financial ratios in real-life situations. Therefore, combining my school life knowledge and study knowledge helps me in obtaining a wide idea about financial performance and ratios.
6. Action Plan
The study of international finance developed my financial knowledge and experience and therefore, if I analyse similar types of study, I can do it easily. Apart from that, the past knowledge of school and present experience motivates me in applying for a good MNC. On the other hand, I can lead my own business in the international market with appropriate financing and investing knowledge.
The imposition of knowledge appropriately will develop marketing strategies for my business and help me in attaining growth in my business performance and production. As opined by Schoenmaker (2018), stability and strength are maintained by appropriate decision-making. I will effectively analyse weaker segments and emerging risks of business for leading an MNC in the future.
There are several challenges in the international market, therefore, I will apply my knowledge of the impact of international finance and fluctuation of international finance. These will help in developing a risk management system in business and utilize upcoming opportunities.
Reference
Alves, C. and Toporowski, J., 2019. Growth of international finance and emerging economies: Elements for alternative approach. Available at: https://www.repository.cam.ac.uk/bitstream/handle/1810/295358/cwpe1930.pdf?sequence=1
Aziz, H.M., Sorguli, S., Hamza, P.A., Sabir, B.Y., Qader, K.S., Ismeal, B.A., Anwar, G. and Gardi, B., 2021. Factors affecting International Finance Corporation. Journal of Humanities and Education Development (JHED), 3(3), pp.148-157. Available at: https://theshillonga.com/index.php/jhed/article/download/210/145
Clarida, R., 2019. The global factor in neutral policy rates: Some implications for exchange rates, monetary policy, and policy coordination. International Finance, 22(1), pp.2-19. Available at: https://www.nber.org/system/files/working_papers/w23562/w23562.pdf
de Goede, M., 2020. Finance/security infrastructures. Review of international political economy, 28(2), pp.351-368. Available at: https://www.tandfonline.com/doi/pdf/10.1080/09692290.2020.1830832
Müllner, J., 2017. International project finance: Review and implications for international finance and international business. Management Review Quarterly, 67(2), pp.97-133. Available at: https://link.springer.com/content/pdf/10.1007/s11301-017-0125-3.pdf
Queralt, D., 2019. War, international finance, and fiscal capacity in the long run. International Organization, 73(4), pp.713-753. Available at: https://www.researchgate.net/profile/Didac-Queralt-2/publication/336144692_War_International_Finance_and_Fiscal_Capacity_in_the_Long_Run/links/5e99c4754585150839e3d817/War-International-Finance-and-Fiscal-Capacity-in-the-Long-Run.pdf
Schoenmaker, D., 2018. Resolution of international banks: Can smaller countries cope?. International Finance, 21(1), pp.39-54. Available at: https://www.econstor.eu/bitstream/10419/193541/1/esrb-wp34.pdf
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