International Business Management Essay Research Paper
Exam questions will be given at 5 pm on December 16th in Beijing.
The examination consists of two essay topics, a total of two essays (one 1000 words).
Must read the courseware and reading pack
It is necessary to combine courseware knowledge and some reading materials to analyze the answers to the test paper.
The reference should be academic.
The sentence vocabulary structure of the thesis need not be too complicated. The essay exam can be completed at an intermediate level.
the delivery time of my order to 12.18 5PM Bejing time.
My real thesis test time starts at 5 pm on December 16, Beijing time. Two days for 48 hours
The topic of the essay exam will be announced at 5 pm on December 16. And I will contact you when the problem arises.
Important Announcement re Assessment 2: Reading packs for 3-day assessment now available 9 Dec at 16:04 Hi everyone, An important announcement regarding next week's 'Assessment 2' for MGT2011 1. Note that the briefing slides and Teams recording from this week's live assessment briefing session can be found on Canvas (see below). It is essential that all students review this briefing material and prepare themselves properly for the assessment. It provides important advice on the format of the assessment, key requirements, assessment criteria, academic conduct, essay structure and technique, etc. 2. Today, I have released the 2 pre-reading packs that relate to the 2 essay questions. These packs comprise various news reports, commentaries, excerpts from consultancy and other reports, etc. You can find them in the Canvas Modules area (see point 3). The packs should help you contextualise the essay questions and give you access to some potentially useful sources of information and evidence. It is strongly recommended that all students download and review these packs in advance of the 3-day assessment window next week. 3. Note, all key information and files for next week - including the 2 pre-reading packs - can be found in the 'Assessment 2 information' section, which is located at the top of the Modules area (link) in the Canvas site (see screenshot below). 4. The real-world scenarios that provide the context for the questions in 'Assessment 2' are: Q1. Brexit and the UK auto industry Q2. Asia-Pacific Headquarters location choice Both of these question scenarios build, to an extent, on knowledge already acquired in Assessment 1. In the case of Q1, note this issue was initially explored in the Week 3 tutorials. I'm confident this assessment will enable you to demonstrate your learning from across the module. Remember to pay attention to the assessment criteria and learning outcomes. Please contact me directly via Teams chat if you have any questions. Kind regards, Mike Dr Mike Crone (Module Coordinator) Screenshot below…
MGT2011 International Business
2020-21 (Semester 1)
Assessment Task 2
(60% weighting / 2 x 1,000 words)
MANDATORY: All students must complete the following information:
Full name:
Student ID number:
Word count for Question 1:
1000
Word count for Question 2:
1000
INSTRUCTIONS – PLEASE FOLLOW CAREFULLY:
* Download this answer template and change the filename by adding your name and student ID number, e.g. MGT2011_Mike Crone_12345678.doc
* Type your answers in the spaces indicated in the template below.
* Do not change the font style/size, paragraph formatting or margins.
* Do not forget to include a word count for each answer in the table above.
* When you have completed your answers, you must upload this document to the submission point on Canvas (see ‘Assignments’ area of the MGT2011 Canvas site).
* Deadline for submission of answers: Friday 18th December @ 5:00pm
* Late submissions: Per QMS policy, assessed work submitted late will be penalised by 5 marks for each working day after the deadline, up to a maximum of 5 working days, after which a mark of zero shall be awarded.
* Contact the module coordinator (via Teams chat) if you experience any technical issues.
*
ANSWERS
Question 1:
The UK automotive industry has been a relative success story in the early 21st century and forms a key component of the UK advanced manufacturing sector. The industry is also highly internationalized; e.g. in terms of exporting, global sourcing, and inbound/outbound FDI. ‘Brexit’ (the UK leaving the European Union) presents a fundamental change to the UK’s established international (business) relations.
Drawing on relevant IB theories and concepts studied in the module, assess the possible implications of ‘Brexit’ for the UK automotive industry.
[Note: also see additional guidance in the question paper]
TYPE YOUR ANSWER IN THE SPACE BELOW:
(Note: There is a strict limit of 1,000 words per answer. Do not adjust the document formatting)
One of the biggest economic blocks in international business is the European Union ( EU). This is because, despite its large inclusion of 27 member countries (EAMA, n.d) after the United Kingdom left early 2020, it also consists of economic heavyweight countries. The United Kingdom which has since left the Union has been one of the greatest beneficiaries of the Union on matters of economic growth, especially in the automobile sector. This is because the majority of United Kingdom passenger cars are usually exported to it’s main EU partners. These include but are not limited to Germany, Belgium, Spain, France, Poland, Italy, and the Netherlands. This paper assesses the possible implications of “Brexit” for the UK automotive industry and the UK’s established international business relations from the standpoint of international business.
There has been a lot of discussions as it pertains to the economic implications of the United Kingdom exiting from the European Union membership. Focusing on the United Kingdom Auto Industry which has been seen as one of the best performing sectors in the UK, with an impressive growth majorly on passenger car exports, EU partnership is crucial as it has seen it emerge as the leading in the passenger car business. With the booming growth, the sector has been linked with massive employment opportunities for the locals and the immigrants. These tremendous growths have all been associated with its link with the EU ( David & Lisa., 2017).
Based on the above success, it has seen the auto industry being cited most whenever it comes to the debate of Brexit. Most of the commentators have differed greatly with the Society of Motor Manufacturers and Traders ( SMMT) who have always indicated that ‘a no deal' Brexit will pose negative impacts on the sector contrary to the many arguments that have been put across such as the government position that the sector is ready for a no-deal Brexit. This has seen the UK automotive firms spend more than £500 million on no-deal Brexit contingency planning, proving it impossible to be fully ready (SMMT, 2018) This explains the stand of SMMT that for a long term future of the sector, there needs to have a Brexit deal.
Market loss may be attributed to several factors that affect the demand for UK-made cars. To start with is the introduction of tariffs. With a no-deal Brexit, the World Trade Organization ( WHO) policies of international trade will be put in place. This will see an introduction of a 10% tariff on cars imported or exported overseas ( EAMA, 2020, p.5) This will also lead to an introduction of a tariff on all car parts crossing borders. These tariffs are a direct cost to the producers. With most of UK made cars being exported and the majority of the export market is found in the EU, then the addition of tariffs is a risk to the market.
In the car production business, some make luxury cars thus enjoying the freedom of price variation. On the other hand, some manufacture cars for the general mass market thus making fewer profits on their car sales. The introduction of tariffs means that these mass-market producers will have to transfer the cost to the buyers thus selling their cars at a high price making their cars uncompetitive. Users will have to change their focus to other EU cheap producers thus affecting the UK market. For every business to succeed there must be profitability on both producer and the user. For instance, if Germany enjoying zero tariffs will sell their cars cheaper than the UK who is under tariff, then customers will go for German cars.
Brexit will with no doubt impact negatively the supply chain between the UK and Europe. With most of the car accessories used in the UK being imported and the majority of imports coming from the EU, then it is very clear that a car can cross several borders before it reaches the consumer. Once the car parts are brought in, then the car is then assembled and then again taken to the market (KPMG, 2014). This explains that the introduction of tariffs will slow down the supply chain and thus increasing the costs. This will affect the car pricing leading to high prices which discourage consumers.
One of the most important aspects of productivity is the availability of the right skills. The automobile industry is one of the sectors where one cannot compromise on skills. This is due to the safety requirements of the automobiles. This means that for such an industry to prosper there is a need for proper outsourcing of the required skills. In the United Kingdom, the automobile industry is one of the biggest employers with almost 10% of UK employees coming from EU countries ( EAMA, 2020, p.9). This means that in case the Nationals from these other EU countries are unable or unwilling to work in the UK, then a no-deal Brexit poses a talent deficiency danger. Even with the ability to hire talent from outside the EU, the challenge comes in as most of the highly skilled labor is likely to be dominant in the EU countries. If the auto industry collapses, then there is also a very high chance of leaving many without jobs. This industry is one of the best employers in the UK is critical in supporting people's livelihood.
The United Kingdom exiting from the EU is a serious threat to the auto industry. The introduction of border tariffs will with no doubt cause a rise in the...