The aim of this assessment is to work in groups to investigate how an country’s cultural, economic, political, legal and regulatory system may affect Australian managers doing business with those countries.
Details:
According to Australian Department of Foreign Affairs and Trade XXXXXXXXXXChina, Japan, Republic of Korea, United States of America, India, New Zealand, United Kingdom, Singapore, Thailand and Malaysia are among the top ten trading partners of Australia. Apart from this, Russia, Indonesia, Turkey, Brazil and South Africa are among the 10 Big Emerging Markets (BME) in the world. There are times that political tensions between countries can have implications for organisations. For example, since the Indonesian and Australian “spying”incident has occu
ed there have been tense diplomatic exchanges with the treat from Indonesia to end live cattle trade with Australia (www.reuters.com 22 November XXXXXXXXXXSuch threats to reviewing trade ties with Australia may result in major challenges for Australian businesses who already have business relationships in Indonesia or who are contemplating to do so. The objectives of this assessment are for you to develop your capacity to:
- Choose a country from above mentioned list that you consider doing business in would have significant levels of cultural, political and regulatory risk for Australian businesses and managers.
- Effectively undertake secondary research of the key challenges in the areas of that specific country’s business environment, cultural value dimensions and political and regulatory risk.
- Apply relevant theory to analyse and evaluate the challenges and the implications of these challenges for Aus- tralian business leaders.
- Provide justified recommendations to Australian business leaders to help them overcome, minimise or manage these challenges.
- Present your research, analysis and recommendations as a group report and presentation.
Country chosen is China
· Understand the Australian market, aspect which can influence its business with China
Structure
· Introduction to the report - describe your study and its aims and the structure of your report (no more than 250 words).
· Background of the country’s business environment, including economy, political, and regulatory aspects of the country (approximately 500 words). Cite appropriate examples in relation to these aspects.
· Cultural value dimensions (approximately 500 words).
· Political and regulatory risk (approximately 500 words).
· cited using Harvard referencing style.
· Implications and recommendations (approximately 500 words). With 5 references
- Conclusion (approximately 250 words).