MNB Assignment 2 Report Semester 1 written by BusinessInc www.stuvia.com Stuvia.com - The study-notes marketplace MNB3701 Principles of Global Business Management Assignment 2 | Semester 1 | 2022 REPORT UNIQUE NUMBER: 816806

MNB Assignment 2 Report Semester 1 written by BusinessInc S - The study-notes marketplace MNB3701 Principles of Global Business Management Assignment 2 | Semester 1 | 2022 REPORT UNIQUE NUMBER: DECLARATION Note that the portfolio or any part thereof will not be marked if this declaration has not been completed. Declaration of own work I hereby declare that the material which I now submit for this assessment is entirely my own work and has not been taken from the work of others. Work that was constructed from other sources has been duly referenced. Full name and surname: ______________________________________ Student number: ______________________________________ Signature: ______________________________________ (electronic/digital handwritten signature/initial[s] and surname) TABLE OF CONTENTS 1. Executive summary 4 2. Literature search 5 3. Background 6 4. Formal institutional frameworks 8 4.1. Overview 8 4.2. Evaluation of the determinants to the success or failure of an MNE in a formal institution and key implications for management action of formal institutions 9 5. Informal institutional frameworks 10 5.1. Overview 11 5.2. Evaluation of the determinants to the success or failure of an MNE in an informal institution and key implications for management action of informal institutions 13 6. Conclusions 16 7. Bibliography 17 EXECUTIVE SUMMARY This paper will discuss the Multinational Enterprises (MNE’s) as well as the formal and informal institutions and the frameworks that govern them. A multinational firm or MNE is an enterprise that engages in foreign direct investment and owns and controls value adding activities in more than one country (Peng & Meyer 2019). It typically has multiple facilities across the globe, derives a substantial portion of revenues from foreign operations, manages subsidiaries with a common strategic vision and resource pool and often places foreign nationals or expatriates in key management posts.” (Erwee, 2017: 176). The paper will continue to evaluate the aspects of the workings of formal and informal institutions that are key to the success or failure of the MNE, among other things, the main objective of this report Identify and evaluate the determinants of the success or failure of operating the MNE in the African context. Overall, the success and failure of a firm around the globe are, to a large extent, are determined by its ability to understand and take advantage of the different rules of the game. In other words, how firms play the game and win (or lose), at least in part, depends on how the rules are made, enforced, and changed. This calls for firms to constantly monitor, decode, and adapt to the changing rules of the game in order to survive and prosper. As a result, such an institution-based view has emerged as a leading perspective on international business. Here, I focus on formal institutions (such as political, legal, and economic systems) whereas I will upload an article concerning informal institutions. (Hint: Write the executive summary only once you have completed all of the other required sections of the first report) LITERATURE SEARCH Literature search is a systematic and well-organised search from the already published data to identify a breadth of good quality references on a specific topic (Bryman et al., 2014). The reasons for conducting literature search are numerous that include drawing information for making evidence-based guidelines, a step in the research method and as part of academic assessment. However, the main purpose of a thorough literature search is to formulate a research question by evaluating the available literature with an eye on gaps still amenable to further research (Bryman et al., 2014). This segment