Delivery Value of International Business, Networks, Relationships, and Entrepreneurship

International Business, Networks, Relationships trade and Entrepreneuship

For your information, the subject learning objectives are:-

1. Distinguish and categories the various forms of international business.
2. Analysis and evaluate the characteristics of business relationship in local and international trade contexts.
3. Demonstrate an understanding of the nature and scope of relationship building and the importance of effective “deal making’
4. Identify and evaluate the key relationship that comprise “entrepreneurial networks” and evaluate the role of these networks in creating competitive advantage.  
5. Discuss the key success factors in effective deal making and critically evaluate different approaches to structuring, negotiating and closing business deals in global business.
6. Appy techniques for building relationship and for structuring, negotiating and closing deals in a practical business setting.

Assignment required to cover the follows: -

1. Explain and justify the business idea chosen, including your decision making in regards to choosing the business idea.

• You are expected to introduce the different ideas that you have initially discussed and explain why you have decided in favour of one of the exclusion of others.
• If you have used specific criteria in your decision-making you should introduce those and explain how you have applied them.

2. Distinguish and categories the various forms of international business and identify an appropriate form for your proposed business.

• Business can be described as internal, multinational or global, depending on their size and scope. Start by categories your business and by identifying its legal form.
• Explain how you will venture into your choose non Malaysian/Singaporean country. Here, you need to demonstrate an understanding of different market entry modes and their suitability within different external and organizational contexts.
• Justify why your chosen mode of entry is the most suitable for your propose business.
• which entry mode(s) you would prefer for your project.
• Briefly analyse how the formal and informal rules of your chosen market will impact the viability of your entry mode.
• Briefly analyse the resource capabilities required in relation to your mode of entry.
• What will be your centric-orientation strategy and how will that affect your mode of entry?

3. Your justification should be supported by an analysis of:-

• The current investment climate – future industry and product trends.
• Your organisation’s structure and capability – fit for purpose
• Models that can help inform this analysis include PESTEL, 5 Force,the resource based view, portal value chain and concept of centric-orientation. 

4. Demonstrate evidence of research and a critical understanding of the business relationship in local and international trade that can and will effect your business idea:

• This is an extension of your preceding analysis in which you are expected to demonstrate that you have researched the nature of potential buyer and supplier relationships.
• The analysis is likely to flow from your 5 force analysis into the level of concentration, respective fragmentation of buyer and supplier and consequently their bargaining power.
• You may also wish to consider element such as the nature of local management expertise, availability of investment capital in the local market, the extent to which specific suppliers and distribution channel are established in the market etc.
• Explain how these insights have informed your business idea.

5. Suggest timeline for the development of your business idea (Grant chart) and identify the potential barrier to entry it might face.

• Estimate how long it may take to develop your business, depending on the nature your proposal, the implementation may be quick or may take longer
• Think about possible factors that could hold up the development of your business idea. How will you circumvent or deal with those?