Advanced Economies

Advanced Economies

Question

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Each student needs to choose one of the five topics listed below to write a short essay of approximately 700 words, and post it to the Forum no later than Friday, Week 7, 5pm. The Discussion Forum is intended to function as an online workshop for constructive exchange of ideas and experiences. Professional standards of behavior should be observed as well as respect and goodwill. Possible topics for discussion include: ï’· According to Hofstede (2007), Asian cultures bear some common features? What are they? How do these features influence management in Asia? If you were hired as a CEO who manages the subsidiary of an Australian company in an Asian country, how would you manage the subsidiary in the Asian cultural context? ï’· Buckley (2011) proposed the concept “global factory”. What does the concept mean? What are the implications of the concept for international business? If you were to establish a firm of your own, how would you leverage the global factory to develop your firm into a successful international business? 24 ï’· According to Mathews (2006), what strategy do firms from emerging Asian economies take to catch up with firms from advanced economies? If you were hired as a CEO of a firm based in an Asian emerging economy, how would you take this strategy to develop your firm into a “dragon multinational”? ï’· According to Santos and Williamson (2015), many multinationals based in advanced economies have failed in competition with local firms in emerging economies. Why did these multinationals fail? If you were hired as a CEO of one of such multinationals, what would you do to address the challenges you face in emerging economies? ï’· According to Porter and Kramer (2011), firms need to create shared value. What does “creating shared value” mean? How does this approach differ from prior approach to corporate social responsibility? How should a company create shared value in an international business context? Marking criteria for online discussion forum (10%) 1) Relevance to what are discussed in the Unit, and awareness of readings and videos as required in the Unit (4%); 2) Ability to select theoretical constructs learnt from self-directed readings and seminars, and innovatively apply them to addressing the issues under discussion (3%); 3) Quality of written presentation (3%).