Formal and informal institutions are important in shaping business strategies for specific countries and markets. Answer...
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Formal and informal institutions are important in shaping business strategies for specific countries and markets. Answer the following: a) Describe, using examples, the major political, economic and legal institutions an international business needs to take into account in designing its strategy. (7 marks) b) Describe, using examples, the major informal institutions an international business needs to take into account in designing its strategy. (7 marks) c) Define PESTEL and SWOT analyses and describe, using examples, how these can be used to develop an environmental analysis for international business strategy development. (11 marks) Formal and informal institutions are important in shaping business strategies for specific countries and markets. Answer the following: a) Describe, using examples, the major political, economic and legal institutions an international business needs to take into account in designing its strategy. (7 marks) b) Describe, using examples, the major informal institutions an international business needs to take into account in designing its strategy. (7 marks) c) Define PESTEL and SWOT analyses and describe, using examples, how these can be used to develop an environmental analysis for international business strategy development. (11 marks)
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Qa Both formal and informal institutions heavily influence business strategies for specific markets and countries The government political parties and regulatory bodies are all important political ins... View the full answer
Related Book For
International Business
ISBN: 9781292274157
8th Edition
Authors: Simon Collinson, Rajneesh Narula, Alan M. Rugman
Posted Date:
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