BSB119 T W 2

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Management and Human Resources
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1 BSB119 – GLOBAL BUSINESS TUTORIAL 2: MOTIVES FOR GLOBAL BUSINESS 1. Successful international business managers are often described as possessing a ‘global mindset’. Outline what you think characterises an individual with a global mindset.  Innovative  Knowledgeable and up to date  Innovative – entrepreneurial  Forecasting trends  Culturally aware  Accepting of diversity – political, cultural, socially  Intellectual Capital o Global business savvy o Cognitive complexity  Integration with other businesses, advisors etc o Cosmopolitan outlook  Physiological Capital o Passion for diversity o Quest for adventure o Self-assurance  Social Capital o Intercultural empathy o Interpersonal impact o Diplomacy  Try ‘googling’ it for further info 2. Describe the shifts in the world economy over the past 30 years. Compare the implications of these shifts for international businesses based in Australia.  Emergence of China – Large growth over recent years o Major exporter o Introduction of tariffs on exports  Emergence of India – 10 years behind China  Emergence of Russia – haven’t done it as well as China  Decrease of USA – o World economy and change o World FDI o Dominance of large US MNCS o Half of the globe – was off limits to western international business  ALL HAS CHANGED  Japan and the EU increasing  Middle East increasing – major control over petrol resources  Rise of non US MNCS, particularly Japanese  Emergence of a growing number of small- and medium-sized MNCS, called mini MNCS  The fall of Communism in Eastern Europe and the SU have bought the final shift in the world economy –share a commitment to democratic politics and free market economics  Similar developments have occurred in Latin America  Effect of GFC – Iceland and Greece went bankrupt  The US once had the luxury of being the dominant player in the world arena, with little substantive competition 2 3. Describe what is meant by ‘economies of scale’. Describe how a firm derives the benefits of ‘economies of scale’ by expanding internationally. We did not have time to cover this question. Refer to the text book for a definition / further information. Country Analysis Assignment Notes  Analyse two countries as to their suitability or not for the product o Political, economic, socio-culutral, legal, geographic o Must do a
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