MNB3701 ASSIGNMENT 3 2024 POSSIBLE QUESTIONS AND ANSWERS
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Global Business Management IA - MNB3701 (MNB3701)
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Table of Contents
Executive summary ........................................................................................................................... 4
Literature search ................................................................................................................................ 4
Background ......................................................................................................................................... 5
Institutional view ................................................................................................................................ 6
Formal institutions............................................................................................................................. 7
Politics and economics ................................................................................................................ 7
Law and regulation ........................................................................................................................ 8
Managerial implications ................................................................................................................... 9
Informal institutions ........................................................................................................................ 10
Education ....................................................................................................................................... 10
Culture and language .................................................................................................................. 10
REPORT TWO ................................................................................................................................... 12
RESOURCE BASED VIEW THEORY ............................................................................................ 12
Identifying key resources and capabilities ........................................................................... 12
Tangible resources for Anjin .................................................................................................... 12
Anjin`s physical assets (diamonds grading and refinery plants) ......................................... 12
Anjin`s intangible assets ........................................................................................................... 13
Information and technology systems ....................................................................................... 13
Capabilities (Skilled employees as dynamic capabilities) .................................................... 13
VRIO analysis ................................................................................................................................ 13
Value creation ............................................................................................................................. 13
Rarity of resources ..................................................................................................................... 14
Imitability capabilities ................................................................................................................. 14
Organisation of resources ......................................................................................................... 14
VRIO FRAMEWORK ..................................................................................................................... 15
Implications for management ................................................................................................... 15
Challenges trading internationally .......................................................................................... 16
Weak institutions ........................................................................................................................ 16
Poor logistics and supply chain ................................................................................................ 16
Inconsistent policies in taxes and customs ............................................................................ 17
Excessive paperwork and regulations .................................................................................... 17
Implications for management ................................................................................................... 17
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Foreign Direct Investment ............................................................................................................. 18
OLI paradigm ................................................................................................................................. 18
Ownership advantages .............................................................................................................. 18
Location advantages .................................................................................................................. 18
Internalisation advantages ........................................................................................................ 19
Implications for management ................................................................................................... 19
Conclusion ......................................................................................................................................... 19
References ......................................................................................................................................... 21
IMPORTANT NOTES TO CONSIDER ........................................................................................................ 1
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