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MNG4804 ASSIGNMENT 1 2024 (Discuss ways in which international trade can recover from the ravages of the COVID-19 pandemic. In your answer, explain the WTO’s trade strategies to open markets, improve the employment rate and boost the African economy. (20 $5.67
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MNG4804 ASSIGNMENT 1 2024 (Discuss ways in which international trade can recover from the ravages of the COVID-19 pandemic. In your answer, explain the WTO’s trade strategies to open markets, improve the employment rate and boost the African economy. (20
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Course
INTERNATIONAL BUSINESS (MNG4804)
Institution
University Of South Africa (Unisa)
Discuss ways in which international trade can recover from the ravages of the COVID-19 pandemic. In your answer, explain the WTO’s trade strategies to open markets, improve the employment rate and boost the African economy. (20 marks)
The assignment pack is centred on MNG4804/INT4801 assignment 1 questions. It is a
product of internal and external research that includes the study guide, prescribed textbook
and other authentic sources. It is therefore, advised for students not to share it as it is for the
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QUESTION 3 ........................................................................................................................................ 10
The Double-Edged Sword: Culture's Impact on Multinationals in Africa .......................................... 10
Culture as a Competitive Advantage ................................................................................................ 11
Rich Market Knowledge ............................................................................................................... 11
Enhanced Innovation .................................................................................................................... 11
Stronger Relationships ................................................................................................................. 11
Culture as a Source of Problems: ..................................................................................................... 11
Communication Challenges ......................................................................................................... 11
Management Clashes .................................................................................................................. 11
Ethical Dilemmas .......................................................................................................................... 11
Addressing Cultural Impact:.............................................................................................................. 11
Localization ................................................................................................................................... 12
Building Diverse Teams ................................................................................................................ 12
Community Engagement .............................................................................................................. 12
The Rise of Intra-African Business ................................................................................................... 12
The Role of Technology ................................................................................................................ 12
The Importance of Storytelling ..................................................................................................... 12
The Evolving Landscape .............................................................................................................. 12
Conclusion ........................................................................................................................................ 13
QUESTION 4 ........................................................................................................................................ 13
Introduction ....................................................................................................................................... 13
Key strategies ................................................................................................................................... 14
Market Opportunity ....................................................................................................................... 14
Supply Chain Logistics ................................................................................................................. 14
International Law Compliance ...................................................................................................... 14
Strategic Partnerships (BRICS) .................................................................................................... 15
Local Resources ........................................................................................................................... 15
Diversification of Trade Partners .................................................................................................. 15
Economies of Scale ...................................................................................................................... 15
Enhanced Regional Integration .................................................................................................... 15
Technology Transfer and Skills Development .............................................................................. 16
Attracting Foreign Investment ...................................................................................................... 16
Conclusion ........................................................................................................................................ 16
References ............................................................................................................................................ 17
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