International Business Management)|Legit essays

Posted: March 12th, 2023

Conceptual Assignment #1

Chapter 1: How does the Internet affect international business activity and the globalization of the world economy?

Chapter 2: Reread the Management Focus feature: Did  Walmart Violate the Foreign Corrupt Practices Act? What is your opinion?  If you think it did, what do you think the consequences will be for  Walmart?

Chapter 3: What is the relationship between property  rights, corruption, and economic progress? How important are  anticorruption efforts in the effort to improve a country’s level of  economic development?

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Chapter 4: Do you think business practices in an  Islamic country are likely to differ from business practices in a  Christian country? If so, how?

Chapter 5: Milton Friedman stated in his famous article in The New York Times  in 1970 that “the social responsibility of business is to increase  profits.” Do you agree? If not, do you prefer that multinational  corporations adopt a focus on corporate social responsibility or  sustainability practices?

Chapter 6: Is free trade fair? Discuss.

The Conceptual Assignment must follow the following guidelines:

  1. You must give quality answers that show mastery of the concepts  being discussed, using clear logic, and supporting facts. Also, the  answers must directly address the questions or discussion topics using  chapter readings and research.
  2. Conceptual assignments test the understanding of key concepts and  elements of International Business, therefore, they must be thoroughly  addressed.
  3. You must use citations with references to document information  obtained from sources. The key concepts and elements of International  Business are found in the sources listed in the syllabus (it is your  duty to search for them, read, analyze, evaluate, summarize, paraphrase  in your answers, and cite the authors who wrote the articles, books,  term papers, memoirs, studies, etc. What it means is that you will have not less than 6 references from the listed sources.
  4. Grammatically correct paper, no typos, and must have obviously been proofread for logic.
  5. Questions must be typed out as headings, with follow up answers in  paragraph format, and a summary or conclusion at the end of the paper.

The Assignment must be in APA format

 

SOLUTION

The internet has had a significant impact on international business activity and the globalization of the world economy. It has made communication, data sharing, and research easier and more accessible, regardless of location. Companies can easily communicate and collaborate with their global partners, clients, and suppliers via email, instant messaging, and video conferencing. The internet has also facilitated the growth of e-commerce, enabling businesses to expand their customer base beyond their domestic market. Moreover, the internet has created new opportunities for entrepreneurship and innovation, leading to the emergence of new business models, such as the sharing economy and crowd-sourcing.

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