Financial Sciences

Assignment 1

Deadline: 05/03/2020 @ 23:59

For Instructor’s Use only

Instructions – PLEASE READ THEM CAREFULLY

· The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.

· Assignments submitted through email will not be accepted.

· Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.

· Students must mention question number clearly in their answer.

· Late submission will NOT be accepted.

· Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

· All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

· Submissions without this cover page will NOT be accepted.

Assignment Regulation:

· 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.

Assignment Structure:

Learning Outcomes:

· 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)

Case study

Reread the Management Focus on “China and Its Guanxi”, available in your e-book (page no.110) and answer the follow questions:

Assignment Question(s): (Marks: 5)

1. Why do you think it is so important to cultivate guanxi and guanxiwang in China? (Mark:1)

2. 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)

3. 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)

Answer:

1.

2.

3.

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