previous two assignments you looked at the cultural and financial situation of your reference country. Now will be looking at the legal and political environment of your country and how these factors impact doing business.
As part of your research, keep in mind that several organizations publish various rankings and indices of political and legal factors in the major countries in the world. One example of rankings is the World Bank’s Worldwide Governance Indicators page (http://info.worldbank.org/governance/wgi/index.aspx#home). This webpage includes rankings on factors relating the legal and political system such as rule of law, regulatory quality, and political stability. Rankings are given from 0 to 100 on each of these aspects.
The World Bank also does some rankings of the ease of doing business in countries across the world. Their doingbusiness.org has detailed reports on most countries on different aspects of doing business. While they look at many different factors, some of these relate to the legal system such as ease of enforcing contracts or getting a business license. It is worth looking up your country on this webpage to get an idea of how friendly your country’s legal system is to doing business. In addition to the Doing Business report, Transparency International does an annual report on corruption around the world and their rankings can be found at transparency.org.
But don’t just look at quantitative rankings of your country, do additional research to get an overall picture of the legal and political system beyond just a numerical score. Once you are finished doing your research on this country of your choice, write a two to three page paper covering the following issues:
The type of government and level of political stability in your country, and whether or not the political system is conducive to doing business
The legal/regulatory system in this country and whether or not it is conducive to doing business
The level of corruption in your country, and the impact of corruption on doing business in this country
Answer the assignment questions directly.
Stay focused on the precise assignment questions; don’t go off on tangents or devote a lot of space to summarizing background materials.
Make sure to use reliable and credible sources as your references. Articles published in established newspapers or business journals/magazines are preferred. If you find articles on the Internet, make sure they are from a credible source.
Reference your sources of information with both a bibliography and in-text citations.
The following interactive tutorial will introduce you to some of the key concepts in international marketing and strategy. Pay special attention to the concepts of standardization and adaptation:The global marketplace (2014). Pearson Learning Solutions. New York, NY.For a more detailed discussion of standardization versus adaptation in international marketing see:
Herbig, P. A. (1998). Chapter 2: The standardization versus adaptation debate: Wherefore art thou now? In E. Kaynak & P.A. Harbig (Eds.), Handbook of Cross-Cultural Marketing (pp. 31-50). Haworth Press, Inc., Philadelphia, PA, USA. [Business Source Complete]
A closely related issue to standardization versus adaptation is the choice of overall international strategy. The strategy choices include multi-domestic (high degree of adaptation), global (high degree of standardization), and transnational (a hybrid strategy). Carefully read the following two chapters for more on this important topic:
Jeyarathmm, M. (2008). Chapter 12: Strategy in a global environment. Strategic Management. Himalaya Publishing House. Mumbai, IND, pp. 155-165. [Ebrary. Note: you don’t have to read the whole chapter – just up to page 165. The rest of the chapter will be covered in Module 4]
Steers, R. M., & Nardon, L. (2005). Chapter 10: Developing global business strategies. Managing in the Global Economy. Armonk, NY, USA: M.E. Sharpe, Inc. [Ebrary]