MGT616 Global Management Report Sample

MGT616 Global Management

Task Summary

Research and analyse international management issues and develop a business report in 2500 words (counted from Background/Introduction section to Conclusion section only) which integrates and synthesises key concepts in this subject. These concepts include:

• cultural intelligence

• business ethics and Corporate Social Responsibility (CSR)

• legal and corporate governance, and

• the cultural nuances of different global economic systems, institutions and business      environments.

Please refer to the Task Instructions for details on how to complete this task.

Context

This assessment will provide you an opportunity to reflect on all the learning in this subject. You will integrate and synthesise the content into a business report focused on a multinational company that wants to invest in a newly industrialised or developing country. The company has narrowed their choice to one of two countries with differing business cultures, regulations, economic systems, legal and governance systems, ethical norms and challenges, and developmental priorities requiring CSR support and contribution from the private sector.

The assessment requires you to provide the multinational company with a well-researched business report analysing the characteristics of each country and comparing their cultures, regulations, economic systems, legal and governance systems, and CSR opportunities. The business report will also recommend and justify why one of the two countries is more suitable.

Your facilitator will allocate you into groups for the purpose of this task. It is recommended that the group comprises individuals from different cultural backgrounds as much as possible. Your subject facilitator will then provide each group with the two newly industrialised/developing countries.

Task Instructions

You need to prepare for and approach this task by completing all modules in this subject. It is
necessary that you research widely beyond and in addition to the learning material supplied in this subject’s modules. Include academic, government, and business sources for appropriate additional material.

Task 1.

Research and analyse the characteristics of each country in terms of business cultures, regulations, economic systems, legal and governance systems, ethical norms and challenges, and CSR opportunities.

Task 2.

Research and analyse the differences and similarities between the characteristics of each researched country. In addition to the learning material supplied in Modules 1 to 12, research academic, government, and business references for appropriate additional material.

Solution

Background

As the geographic diversity of Chile is vast; hence, the natural and climatic conditions confirm a broad range to produce renewable energy. It helps the country to conserve biodiversity which eventually makes it to be a model for sustainable practices It has already started to generate 20% of its power through renewable sources. As per the 19(8) Constitution of Chile, citizens of it enjoy the right of living pollution free environment (Atria, Castillo, Maldonado, & Ramirez, 2020). The country, hence, needs to protect the right to nature conservation. Due to its constant engagement with sustainability, the legal structure is strict enough for any business to abide by sustainability concerns. According to the MBA Assignment Experts, Cambodia has a few businesses which are trying to embarrassing sustainability in the country by managing waste along with promoting green and clean initiatives to have an eco-friendly business. It has its aim of creating enabling environment to confirm sustainable development.For the same, it has tried to secure innovative solutions in the context of growing waste and environmental degradation to have clean, affordable, sustainable energy. It has outlined a priority policy for sustainability which even extracts the fact that the sustainability aspects are not that much important for the country or the government.

The paper will try to identify the potentiality of each market in the context of the organization to understand which market is better for the organization to choose.

Key Finding:

Comparison of The External Environment of Cambodia and Chile:

Findings Based on the External Analysis in the Case of Cambodia:

The political scenario of Cambodia conveys that it has its trading policies with the administrative division to help a business to develop. However, unstable political scenarios through conflict and wars can be threatening for a business where political and election trends even can be impactful.The country even is suffering from corruption however inter-country relationships and bureaucracy can be conveyed as positive factors (Sharma et al. 2020). The economic environment of Cambodia is mostly disadvantageous due to inflation and the local economy where the only positive sign is the scope of international trade. Considering the social culture of Cambodia, demographic segmentation is really important for any organization to take care of expansion. The technological environment of Cambodia can be represented through communication, transportation, and energy. It is suffering from environmental issues however the legal structure does not really share much concern for the issues rather it has strict regulations for money laundering and taxation.

Findings Based on The External Analysis in Case of Chile:

The political environment of Chile is advantageous due to international regulation which eventually confirms that international trading is entertained thoughrestrictions in trade are there. The economic environment is another influential factor as the world economy gets represented by Chile's GDP (Sergei, & Alexander, 2018). The social culture of Chile confirms economic freedom development,globalization, and most importantly low corruption with recommendable capital income. The upper-middle-class economy of Chile is a great opportunity for any organization to look for. For the homogenous culture and strong bond with appreciated family culture can confirm enough scopes or gaps for any organization to be appreciated by its people of it. Legal and environmental factors have perfect collaboration to attend sustainability in its part with strict regulatory standards, technology environment of Chile is growing constantly with all modernized infrastructure to confirm scopes for market entry.

Potentiality of the Chile To Get Into The Market:

As per the discussion of different external environmental factors of Chile and Cambodia, it is quite clear that Chile has better scoops for the organization to expand. The main consideration or USP of the organization is sustainability and Chile becomes the model of sustainability with an advantageous political, economic, social, and legal environment (Atria, Castillo, Maldonado& Ramirez, 2020). Due to all advantageous factors,the organization even can have better scoops to attend CSR specifically through togetherness of the social culture. The togetherness even would have positive concern to make the entry successful by attracting the customers in one way. On the other hand, the political, economic, social, and legal environment are completely threatening for the organization to have a successful market due to complete ignorance towards sustainability. Further, the demographic segmentation even would demand a huge budget to attract different types of people through the individual approach. Hence, the discussion confirms that Chile is a better market for Lendlease to make a successful entry due to its implemented sustainability and the opportunity of having better corporate social responsibility in its infrastructure (Lendlease, 2022).

References

Atria, J., Castillo, J., Maldonado, L., & Ramirez, S. (2020). Economic elites’ attitudes toward meritocracy in Chile: A moral economy perspective. American Behavioral Scientist, 64(9), 1219-1241. https://journals.sagepub.com/doi/abs/10.1177/0002764220941214
Lendlease, (2022). About us. Retrieved from: https://www.lendlease.com/au/

Sergei, S. & Alexander, S., 2018. Bromic Heating Co business exposure project to the Chile market. Economics, Management and Sustainability, 3(1), pp.79-93. https://cyberleninka.ru/article/n/bromic-heating-co-business-exposure-project-to-the-chile-market

Sharma, S., MacKenzie, R.A., Tieng, T., Soben, K., Tulyasuwan, N., Resanond, A., Blate, G. & Litton, C.M., (2020). The impacts of degradation, deforestation and restoration on mangrove ecosystem carbon stocks across Cambodia. Science of the Total Environment, 706, p.135416. https://www.sciencedirect.com/science/article/abs/pii/S0048969719354099