There are five questions and all questions are compulsory.
1. Name and explain briefly the modes of International Business companies engage in. For each of these modes, explain the circumstances under which the companies use these modes of International Business and the company's rationale for its choice of each mode.
2. Explain briefly the impact of globalization on competition at country level and at company level and outline how globalization has impacted the International Business environment for Multinational Enterprises (MNEs)? Outline the strategies used by MNEs in the context of ongoing globalization.
3. (A) What is meant by a country's culture? State and briefly explain its determinants and indicate the relevance of each of these determinants for an MNE's business growth in that country.
(B) Distinguish between the following terms and explain their significance in the context of MNE's International Business growth.
1. Monochronic and Polychronic cultures
2. High Context and low context cultures
4. Define a country's political risk and explain briefly its causes and likely impact on a foreign company's operations in that country.
5. Explain briefly the following terms and their significance for an MNE's long term International Business growth.
1. Ethnocentrism, Geocentrism and Polycentrism
2. Common Law and Civil Law
3. Legal Jurisdiction and Arbitration.
1. Name and explain briefly the modes of International Business companies engage in. For each of these modes, explain the circumstances under which the companies use these modes of International Business and the company's rationale for its choice of each mode.
2. Explain briefly the impact of globalization on competition at country level and at company level and outline how globalization has impacted the International Business environment for Multinational Enterprises (MNEs)? Outline the strategies used by MNEs in the context of ongoing globalization.
3. (A) What is meant by a country's culture? State and briefly explain its determinants and indicate the relevance of each of these determinants for an MNE's business growth in that country.
(B) Distinguish between the following terms and explain their significance in the context of MNE's International Business growth.
1. Monochronic and Polychronic cultures
2. High Context and low context cultures
4. Define a country's political risk and explain briefly its causes and likely impact on a foreign company's operations in that country.
5. Explain briefly the following terms and their significance for an MNE's long term International Business growth.
1. Ethnocentrism, Geocentrism and Polycentrism
2. Common Law and Civil Law
3. Legal Jurisdiction and Arbitration.
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