Choose two countries with different political and economic systems. Perform a comparative analysis of the political and economic systems of your selected countries, drawing on Chapter 2

Posted: October 5th, 2023

Knowledge:

•  Explain the forces driving and evaluating the impact of globalization:
  Skills:
•  Analyse the effects of culture, politics, and economic systems in the context of international business
•  Identify the major components of international business management:
  Values:
•  Carry out effective self-evaluation through discussing economic systems in the international business context

Report Writing
In this assignment, you will conduct an in-depth analysis of a selected multinational company (MCN) that operates in two distinct countries. Your aim is to investigate how the selected MCN deals with the challenges and opportunities it is facing due to cultural, political, and economic differences of the two countries. To complete this assignment, follow the tasks highlighted below:

1. Country Selection:  (“National differences in political economy”).
2. Company Selection: Research a specific multinational corporation (MNC) that has done business in both countries you selected. Briefly introduce the company, its industry, and its operations in these countries. The use of American companies is not recommended and will receive significantly lower marks.
3. Cultural Impact: Examine how your selected MNC has adopted and dealt with the differences in cultural norms, and consumers’ taste and preferences. Provide examples showcasing this adaption. Use chapter 4 (Differences in Culture) as a guide in this section.
4. Political Economy: Evaluate how the differences in political and economic systems between the two countries affect the MNC’s business strategies and operations. Provide examples of how the MNC has adapted to these differences.
5. References: Your paper must include at least five (5) external sources such as academic papers, reputable business databases, company websites, or government websites.