Business project

Part A: Q1

What are the main issues an organisation faces when trading internationally?

· Standardisation - standardising products/services due to global demand

· Bulk buying – economies of scale

· Effective monitoring

· Global image

· Not a flexible strategy

· Adaptation – adapting to local markets/ or specification

· Excellent local image

· High cost

· Poor speed of execution

· Protectionism – government actions to restrict trade

· Contradicts theory of comparative advantage – specialise on what you can produce most efficiently and export

· Generate government revenue – tariffs

· Form of government intervention:

· Tariff tax imposed on imported goods

· Non-tariff trade barriers government policy or regulation that impedes trade through other means than tariffs – enables monitoring trade

· Quota quantitative restriction on imports of a specific product

· Investment Barriers rules or laws that hinder FDI

· Local content requirement minimum percentage of locally-sourced inputs

Q2

What should an organisation consider when trying to create a positive social impact?

· Triple bottom line

· Carroll’s CSR pyramid

CSR-corporate social responsibility

The European Commission defines CSR as “the responsibility of enterprises for their impact on society” (European Commission online 2015)

Carroll (1991)

Part B, provide recommendations on how your chosen organisation can enhance its business with the integration of relevant theoretical tools

· Word count guideline – approx. 600 words

· What can the business do to grow?

· Indicate potential avenues and direction for the business

· Consider what factors you have highlighted in your previous sections

Ensure that you utilise theory previously discussed to support your recommendations