Question

This assignment has 3 parts: Review the Terminal Course Objectives, accessed by clicking on the “Course Information” tab at the top of your screen, scrolling down to the “Course Objectives” and then selecting View class objectives. How will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if they have not mastered these objectives? Explain. What is the purpose of the WTO and G8? Do you believe they are beneficial to Multi-National Companies (MNCs)? Why do you believe it is important to understand the international monetary system?

Answer 1

How will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if they have not mastered these objectives? Explain

Accomplishing the objectives will greatly enhance your management skills in international management. When a manager holistically understand the composition and operations of an organization, they can successfully give optimal analysis on what is best for said organizations moving forward. The manager will be able to give in-depth analysis on present and future performance of international organizations which guide the decisions leading to the end state assessed.

In the event that the manager does not fully understand any of these objectives, it presents opportunity for the manager to make decisions that may negatively affect the organization. It may result in the manager in acquiring risk when it is unnecessary, place the organization in an unfavorable position, and may result in the loss of capital or opportunity. For example, how can a manager give analysis in future trends of growth for an international organization if there is no understanding of the historical trends of said organizations.

What is the purpose of the WTO and G8? Do you believe they are beneficial to Multi-National Companies (MNCs)? Why do you believe it is important to understand the international monetary system?

Generating income

Actually it is the most straightforward and well-tacit management imperative of an organization thus the primary objective of this imperative is to put in place a sustained delivery of goods and services to the organization’s customers at a cost that is lower as compared to the funds obtained in exchange for the commodities

Raising the value of the business

This simply means that the more the company is profitable the more valuable it is thus the company’s profitability is evaluated on the basis of how much income it generates for the:

Amount of assets its company operations put in use in its business return

Amount of revenue it makes that is its business margin

Securing the income and value of the business

This involves the following:

Demand for its products

Ability of its customers to pay for the products

Uniqueness and competitiveness of its business model

Do you believe they are beneficial to Multi-National Companies (MNCs)?

No… they are trading blocks

This is simply because the MNCs are normally vertically expanded organization which illustrates that they outsource the creation of either intermediate good I mean those commodities that are use in producing the final goods or the manufacturing of final goods to foreign countries and this reduces the production costs of manufacturing the whole commodities from scrape at domicile and offers them a comparative advantage

They actually do what we call diversification of operations along vertical, horizontal and multinational lines in the host and home nations:

Horizontal Integration

This takes place in the marketing mix and in business functions i.e. production, finance, distribution and communications are required to operate together with consciousness which the decisions and proceedings send messages to the consumers

And distinct sectors i.e. sales, direct mail and advertising may aid each other via data Integration and it needs a marketing data system that obtains and passes relevant information in different sectors

Vertical Integration

This stands for marketing and communications goals which should hold up the higher level corporate goals and corporate missions thus the Internal Integration needs internal marketing through keeping workers aware and motivated on every new changes from new advertisements to new corporate identities, new service standards and new strategic partners