All students are encouraged to use their own word.
Assignment -1 should be submitted on or before the end of Week-07 in Black Board only.
This assignment is an individual assignment.
Citing of references is also necessary.
Analyse the effects of culture, politics and economic systems in the context of international business (Lo 1.9 & 2.1)
Carry out effective self-evaluation through discussing economic systems in the international business context (Lo. 3.6)
Explain the forces driving and evaluate the impact of globalization (Lo 1.3)
Reread the Management Focus on â€œChina and Its Guanxiâ€, available in your e-book (page no.110) and answer the follow questions:
Assignment Question(s): (Marks: 5)
Why do you think it is so important to cultivate guanxi and guanxiwang in China? (Mark:1)
What does the experience of DMG tell us about the way things work in China? What would likely happen to a business that obeyed all the rules and regulations, rather than trying to find a way around them as Dan Mintz does? (Marks:2)
What ethical issues might arise when drawing on guanxiwang to get things done in China? What does this suggest about the limits of using guanxiwang for a Western business committed to high ethical standards? (Marks:2)
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