MNB3701 Assignment 6 (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED

MNB3701
Assignment 6 Semester 2 2024
Unique #:217042
Due Date: 7 October 2024



Detailed solutions, explanations, workings
and references.

+27 81 278 3372

, 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 ............................................... 8
3.3. Motivation for Expanding into Africa ............................................................ 9
3.4. Product Markets Served .............................................................................. 9
3.5. Objectives Set by Management ................................................................. 10
4. FORMAL INSTITUTIONAL FRAMEWORKS ................................................... 10
4.1 Overview ..................................................................................................... 10
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 ............................................................................................. 12
4.4.1. Determinants of Success and Failure .................................................. 12
4.4.2. Implications for Management .............................................................. 13
4.5. Evaluation of Propositions from the Institutions-Based View ..................... 13
4.5.1. Political System Evaluation ................................................................. 13
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 ................................... 16
5.3.1. Language as a Barrier and Enabler ..................................................... 16
5.3.2. Strategies for Effective Communication............................................... 17
5.4. Religion and Ethical Norms ....................................................................... 17


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