MGT 321 Saudi Electronic University Globalization of BMW Discussion Questions

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‫المملكة العربية السعودية‬ ‫وزارة التعليم‬ ‫الجامعة السعودية اإللكترونية‬ Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University College of Administrative and Financial Sciences Assignment 1 Introduction to International Business (MGT-321) Due Date: 08/10/2022 @ 23:59 Course Name: Introduction to International Business Course Code: MGT-321 Student’s Name: Semester: First CRN: Student’s ID Number: Academic Year:2022-23-1st For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of 15 Level of Marks: High/Middle/Low General 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. Learning Outcomes: 1. Identify and evaluate the significant trade agreements affecting global commerce (Lo 1.1) 2. Analyze the effects of culture, politics and economic systems in the context of international business (Lo 2.1) 3. Explain the forces driving and evaluating the impact of globalization (Lo 1.3) 4. Carryout effective self-evaluation through discussing economic systems in the international business context (Lo 3.1) Discussion Questions 1. What is the World Trade Organization? What is its role in the world economy? (minimum words: 400, marks:2) 2. What is the International Monetary Fund? Discuss its relationship with the World Bank. (minimum words: 500, marks: 3) Case study Please read Case 1: “Globalization of BMW, Rolls-Royce, and the MINI” available in your e-book (International business: Competing in the global marketplace (13th ed.), at page no.625, and answer the following questions: Assignment Question(s): 3. How do you think BMW integrates its various unique brands into a global effort that works for them (BMW, Rolls-Royce, and the MINI) across the world’s many global markets? (minimum words: 400, marks: 2) 4. What is your reaction to the global brand of BMW when you hear its name, think of the brand, and see BMW vehicles on the road? (minimum words: 400, marks: 2) 5. Rolls-Royce's chase of perfection drives the supreme quality, exquisite hand craftsmanship, and attention to the finest detail to maintain its global position as the pinnacle luxury automobile manufacturer in the world. How do you think the Rolls- Royce brand helps, or hurts, other BMW brands globally (i.e., BMW, the MINI)? Give arguments in support of your answer. (minimum words: 500, marks: 3) 6. The MINI is a unique car offering in the BMW portfolio. It has long-engaged in clever solutions and distinctive designs that have enabled terrific urban driving and have catered to customers’ individual needs. Do you agree that this is the focus for the MINI, and do you think it is working as advertised globally? Discuss. (minimum words: 500, marks: 3) Answers 1. Answer2. Answer3. Answer4. Answer5. Answer6. Answer-
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‫المملكة العربية السعودية‬
‫وزارة التعليم‬
‫الجامعة السعودية اإللكترونية‬

Kingdom of Saudi Arabia
Ministry of Education
Saudi Electronic University

College of Administrative and Financial Sciences

Assignment 1
Introduction to International Business (MGT-321)
Due Date: 08/10/2022 @ 23:59
Course Name: Introduction to International
Business
Course Code: MGT-321

Student's Name:

Semester: First

CRN:

Student's ID Number:

Academic Year:2022-23-1st

For Instructor's Use, only
Instructor's Name:
Students' Grade:
Marks Obtained/Out of 15

Level of Marks: High/Middle/Low

Answers

1.
The World Trade Organization is an international organization tasked with
monitoring and improving trade activity. The organization maintains order and facilitates
global economic activity. They facilitate international trade that occurs successfully and
expeditiously amongst nations all over the world (Palmujoki, 2019). Because of the
worldwide disparities, a centralized entity that governs the industry is required. More
importantly, there is a requirement for an institution that encourages and promotes the
presence of international commerce. Without these, traders may encounter several
challenges and market dynamics. Whenever there is no central organization regulating
commerce, there is also the growth of dishonesty and abuse.
International governments get the authority to establish international trade laws
and guidelines. They take the necessary steps to guarantee that these regulations are
followed and enforced. Comprehensive understanding and communication amongst
participating nations are required for the creation and advancement of the standards. The
adoption of these standards has resulted in a massive expansion in global trade. It is
owing to each member country's cooperation and knowledge of their respective tasks.
Furthermore, these nations must follow the World Commercial Organization's standards
and norms in order to conduct trade operations.
The World Trade Organization has the authority to settle conflicts amongst
member nations and to foster peaceful foreign trade operations. The association should

also host a platform for member-country trade discussions. Representatives and
diplomats from many nations gather in Zurich on a routine basis to promote trade
discussions and other purposes. Furthermore, the body oversees global trade policy and
assures participant agreement. They successfully execute the necessary processes to
ensure the effectiveness of these techniques from across the board. The company also
offers technical help and training to poor countries.
The World Trade Organization and International Monetary Fund conjointly offer
technical assistance and education to undeveloped nations to help them expand and
strengthen their economies. The association allows these nations to engage in world
commerce free from fear of repression(Wolfe, 2018). They keep track of the trade routes
and resources that these nations may use to participate in commerce. In this situation,
foreign economies are progressing and growing. The institutions also work with other
international institutions to implement the economic and trade agenda. The two
agencies are a success and play an important role in the growth of international trade.
Countries' long-term peace exchanges and operations continue to expand.
2.
The International Monetary Fund's primar...

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