MNB3701
MAY JUNE Portfolio of Assessment 2025
Detailed Solutions, References & Explanations
Unique number:
Due Date: 2 June 2025
QUESTION 1
Formal and informal institutions are structures that shape the rules of engagement in a
country‟s economic and social systems. These institutions determine how businesses
operate within a specific national context.
Formal institutions refer to established laws, regulations, and official policies enforced by
governments or regulatory authorities. These are written rules that govern behaviour and
business operations.
In the case of Uber in China, the following two examples reflect formal institutions:
Government Regulations on Ride-Hailing (2016):
In July 2016, China‟s government introduced a national regulation requiring ride-hailing
companies to register drivers and vehicles, conduct criminal checks, and store user data
within China for at least two years. This regulation made Uber‟s pricing model of offering
Terms of use
rides below cost unsustainable, thus negatively impacting its competitive advantage
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
MAY JUNE Portfolio of Assessment 2025
Detailed Solutions, References & Explanations
Unique number:
Due Date: 2 June 2025
QUESTION 1
Formal and informal institutions are structures that shape the rules of engagement in a
country‟s economic and social systems. These institutions determine how businesses
operate within a specific national context.
Formal institutions refer to established laws, regulations, and official policies enforced by
governments or regulatory authorities. These are written rules that govern behaviour and
business operations.
In the case of Uber in China, the following two examples reflect formal institutions:
Government Regulations on Ride-Hailing (2016):
In July 2016, China‟s government introduced a national regulation requiring ride-hailing
companies to register drivers and vehicles, conduct criminal checks, and store user data
within China for at least two years. This regulation made Uber‟s pricing model of offering
Terms of use
rides below cost unsustainable, thus negatively impacting its competitive advantage
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
