MNB3701
Assignment 6 Semester 2 2024
Unique Number: 217042
Due Date: 7 October 2024
This document includes:
• Helpful answers and guidelines
• Detailed explanations and/ or calculations
• References
Connect with the tutor on
+27 68 812 0934
, TABLE OF CONTENTS
1. EXECUTIVE SUMMARY ........................................................................... 5
2. LITERATURE SEARCH ........................................................................... 6
3. BACKGROUND ........................................................................................... 8
3.1. Historical Path to Becoming an MNE ..................................................... 8
3.2. Key Decisions and Role of Decision Makers ......................................... 9
3.3. Motivation for Expanding into Africa ...................................................... 9
3.4. Product Markets Served ...................................................................... 10
3.5. Objectives Set by Management ........................................................... 10
4. FORMAL INSTITUTIONAL FRAMEWORKS ............................................. 11
4.1 Overview ............................................................................................... 11
4.2. Political System ................................................................................... 11
4.2.1. Determinants of Success and Failure ............................................ 11
4.2.2. Implications for Management ........................................................ 11
4.3. Economic System ................................................................................ 12
4.3.1. Determinants of Success and Failure ............................................ 12
4.3.2. Implications for Management ........................................................ 12
4.4. Legal System ....................................................................................... 13
4.4.1. Determinants of Success and Failure ............................................ 13
4.4.2. Implications for Management ........................................................ 13
4.5. Evaluation of Propositions from the Institutions-Based View ............... 13
4.5.1. Political System Evaluation ........................................................... 14
4.5.2. Economic System Evaluation ........................................................ 14
4.5.3. Legal System Evaluation ............................................................... 14
4.6. Conclusions and Implications for Management Action ........................ 14
5. INFORMAL INSTITUTIONAL FRAMEWORKS .......................................... 15
5.1. Overview .............................................................................................. 15
5.2 Cultural Context .................................................................................... 16
5.2.1.Importance of Cultural Understanding ............................................ 16
5.2.2. Cultural Sensitivity and Adaptation ................................................ 16
5.3. Language Competencies and Cultural Interactions ............................. 17
5.3.1. Language as a Barrier and Enabler ............................................... 17
5.3.2. Strategies for Effective Communication......................................... 17
5.4. Religion and Ethical Norms ................................................................. 17
© Study Shack 2024. All rights Reserved +27 68 812 0934
Assignment 6 Semester 2 2024
Unique Number: 217042
Due Date: 7 October 2024
This document includes:
• Helpful answers and guidelines
• Detailed explanations and/ or calculations
• References
Connect with the tutor on
+27 68 812 0934
, TABLE OF CONTENTS
1. EXECUTIVE SUMMARY ........................................................................... 5
2. LITERATURE SEARCH ........................................................................... 6
3. BACKGROUND ........................................................................................... 8
3.1. Historical Path to Becoming an MNE ..................................................... 8
3.2. Key Decisions and Role of Decision Makers ......................................... 9
3.3. Motivation for Expanding into Africa ...................................................... 9
3.4. Product Markets Served ...................................................................... 10
3.5. Objectives Set by Management ........................................................... 10
4. FORMAL INSTITUTIONAL FRAMEWORKS ............................................. 11
4.1 Overview ............................................................................................... 11
4.2. Political System ................................................................................... 11
4.2.1. Determinants of Success and Failure ............................................ 11
4.2.2. Implications for Management ........................................................ 11
4.3. Economic System ................................................................................ 12
4.3.1. Determinants of Success and Failure ............................................ 12
4.3.2. Implications for Management ........................................................ 12
4.4. Legal System ....................................................................................... 13
4.4.1. Determinants of Success and Failure ............................................ 13
4.4.2. Implications for Management ........................................................ 13
4.5. Evaluation of Propositions from the Institutions-Based View ............... 13
4.5.1. Political System Evaluation ........................................................... 14
4.5.2. Economic System Evaluation ........................................................ 14
4.5.3. Legal System Evaluation ............................................................... 14
4.6. Conclusions and Implications for Management Action ........................ 14
5. INFORMAL INSTITUTIONAL FRAMEWORKS .......................................... 15
5.1. Overview .............................................................................................. 15
5.2 Cultural Context .................................................................................... 16
5.2.1.Importance of Cultural Understanding ............................................ 16
5.2.2. Cultural Sensitivity and Adaptation ................................................ 16
5.3. Language Competencies and Cultural Interactions ............................. 17
5.3.1. Language as a Barrier and Enabler ............................................... 17
5.3.2. Strategies for Effective Communication......................................... 17
5.4. Religion and Ethical Norms ................................................................. 17
© Study Shack 2024. All rights Reserved +27 68 812 0934
