MARISSA JONES ONLY!!!

John (Global Financial)

The past economic strategies were keenly directed in particular bigger supremacy states. They did not have a defined monetary system to exercise their duties lately, hence leading to the current international monetary system's growth. However, the international monetary system is dynamic due to the trade expansion in the economic sector (Shelton, 2018). Lately, in the Bretton Woods period, the financial structure focused majorly on ownership of assets by everyone but currently, in the new era, the assets are not accessible by the public. The international monetary system clearly indicates the authorized duties simulating International economy structures: procedures of currency problem resolutions, the size, and arrangement of reservation on stock ownership.

Some of the risks that I could face if I do not have some knowledge of the money market could ruin a business.  One of the many goals when owning a business is to expand and grow the business state wide, nationwide and globally.  Achieving the goal of being a multinational corporation introduces many risk that I must know and be able to deal with.  I could invest incorrectly and lose money and business.  The operations of multinational companies are more complex than a simple single store owner. Exchange rates, interest rates and governing laws all will have an effect on the money market. This is what I hope to learn and master in this class so I can be successful in my future management position.

Leeann K 

Alexandra

When reviewing terminal course objectives:

· Assess different types of foreign exchange exposure faced by the MNC identification and measurements of these risks.

· Evaluate the forces of globalization and its implications for the multinational firm

· Evaluate the structure of international financial markets and institutions and the range of instruments traded therein

· Interpret the operation of the international financial system its current state, and challenges for the future

I learned that without knowing how international markets work, I would not be able to have success in management. Not understanding the structures, different foreign exchange, or institutions may cause for business failure. As a manager some challenges and risks they might face are losing companies to work with due to failure to meet policy and procedure. Another risk could be having an international company that fails because of supply and demand.

Earl (Business Research)

Organizations conduct a SWOT analysis based on the situation analysis. Strengths, weaknesses, opportunities, and threats are all evaluated using critical and creative thinking. Strategies are then formulated and implemented considering the government or legal bindings and the business organization's political environment (Hill et al., 2014). These factors vary in different regions, and thus strategic analysis should factor in the variations in cases where the organization operates in more than one area. The implementation results are then evaluated objectively. Again, critical and creative thinking is applied to determine whether the decisions are worthwhile, whether the results are satisfactory and ethical, and the long-term and short-term implications of the strategies laid; whether or not they should be revised.

Strategic planning and the analysis process help organizations develop strategic decisions that are fair to the employees and the community, free of subjective bias, legal in the organization's working environment, and generally, decisions that would bring a positive change in the organization (Al Mamun et al., 2017).

Hi DeAngelo,

 

I agree emotions can really effect decisions made at a company. I have noticed with myself that if someone makes me upset it is best for me to take a step back and come back to the issue when I have given myself some time to calm down and put my thoughts together. It can be easy to be snappy at people when you are upset but stepping away from the situation allows you to clear your mind and think about the entire situation. 

 

A SWOT analysis would be good at evaluating the company and see where they can improve however, I included another one – the PESTLE analysis which analyzes factors influencing the organization from the outside. I think it is important to use this as well to get a more comprehensive analysis of the company. The PESTLE analysis has more of a breakdown of other factors that the SWOT is missing.

 

-Ashley 

Hello Everyone 

This week’s questions are explain how to use the four steps in strategic planning that consists of assessments, strategy formulation, implementation of the plan, and evaluation of the results. In my thought process to move forward I would say the step 1 is assessments of the business what is the purpose, from last week’s questions what is the mission. Make sure that everyone has a clear understanding of it. Then you can move to the next step which is strategy formulation. Once everyone has a clear understanding plan out small goals to reach first then move forward. The next step is implementing the plan by delegating who will do what of the goals process. Then the final step of evaluating the results I feel this is the simplest step because you are going over how it went. The process each step did it work if it didn't work and what you need to change to move forward next time. The way things change so much when considering the micro and macro environment the strategic planning needs to be done often. In order to keep current these steps need to be repeated as much as possible. In order to facilitate an organizations ability to initiate, formulate and implement strategies this becomes a very detailed process. You must get the information analyzing it, then finding the losses and the wins to bring it together so that you can implement the strategies.