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IBM530 Introduction To International Business Assignment Answer Malaysia

IBM530 Introduction To International Business is a great course for anyone looking to gain foundational knowledge of international business. The course covers topics such as global trade and finance, cross-cultural management, and exporting and importing. It’s an excellent course for anyone who wants to start a business or work in international relations. I would definitely recommend it to anyone interested in pursuing a career in business or international affairs.

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The course is very well organized and the lectures are very informative. The professor is also very helpful and always willing to answer any questions. I would definitely recommend this course to anyone interested in pursuing a career in business or international affairs.

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In this part, we’ll go over some tasks. These are:

Assignment Task 1: Analyse Changes In International Trade At The Global Level.

International trade has evolved enormously over the last few decades, driven by advances in technology, transportation, and communication. The globalization of business has led to a more interconnected and interdependent world economy.

There are a number of factors that have contributed to the changes in international trade at the global level. Firstly, the development of new technologies has had a major impact, making it easier and cheaper to communicate and transport goods around the world. Secondly, the liberalization of trade regimes and agreements such as the General Agreement on Tariffs and Trade (GATT) have made it easier for countries to trade with each other. And finally, economic growth in many emerging economies has created new markets for exports from developed countries.

These trends have all had a significant impact on the structure of international trade. In particular, there has been a shift from manufacturing to services, and from North-South trade to South-South trade.

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Assignment Task 2: Demonstrate Values, Attitudes & Professionalism In Strategies & Operations Of International Business In A Real-World Context.

There are a number of ways to demonstrate values, attitudes, and professionalism in strategies and operations of international business. One way is to ensure that all employees uphold the highest standards of integrity and ethical conduct. This can be done by instituting policies that prohibit bribery, corruption, and money laundering, as well as promoting transparency and accountability in all business dealings.

Another way to demonstrate appropriate values, attitudes, and professionalism is to treat workers fairly and equip them with the necessary skills to perform their jobs safely and effectively. This includes providing adequate training, fair compensation, and benefits, and establishing clear expectations for employee behavior. It is also important to create a work environment that is free from discrimination, harassment, or other forms of mistreatment.

Finally, it is essential to build relationships of trust and mutual respect with business partners, clients, and other stakeholders. This can be done by maintaining open communication channels, being transparent in all dealings, and behaving in a way that reflects the values and principles of the organization.

These are just a few examples of how values, attitudes, and professionalism can be demonstrated in the strategies and operations of international business. By exhibiting these qualities, businesses can create a positive reputation that will attract customers, partners, and investors from all over the world.

Assignment Task 3: Apply Concepts, Theories & Emerging Issues In International Business.

There are many concepts, theories, and emerging issues in international business that students can apply to real-world situations. Here are some examples:

  1. Entrepreneurship and innovation are key to success in international business. Students can learn about different kinds of innovation (e.g. product, process, market, etc.) and how to create an entrepreneurial mindset within organizations.
  2. The global marketplace is becoming increasingly connected and complex. Students need to understand the dynamics of this changing landscape and learn how to make strategic decisions in an ever-changing environment.
  3. Sustainable development is a critical issue facing businesses today. Students can learn about the UN Sustainable Development Goals and how businesses can contribute to these goals through responsible practices.
  4. The sharing economy is a new and growing phenomenon with major implications for businesses. Students can learn about the different business models associated with the sharing economy and how to take advantage of this trend.
  5. Big data is another emerging issue that is transforming the way businesses operate. Students can learn about data analytics and how to use big data to make better decisions and create competitive advantages.

These are just a few examples of the many concepts, theories, and emerging issues in international business that students can apply to real-world situations. By understanding these issues, students will be better prepared to navigate the challenges and opportunities of doing business in the global marketplace.

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