Saturday, May 16, 2020

CH 3 HW - 840 Words

Jun Yeop Han CBA 300 Professor Pia Gupta February 12, 2015 Homework 3 1. What are the characteristics of informal cognitive institutions and why are they of special significance to international business managers. Guanxi in China and Relationship building in Japan are examples of the informal cognitive institutions. Their characteristics are described as their concept based hence intangibility. It is significantly important to the international mangers, because they are what valued in the countries where the manager will be doing the business. They must be appreciated and understood by manager to succeed its international goal. 2. The UN may be best known for its peacekeeping missions, but it also has many agencies involved in activities†¦show more content†¦9. What impact can the EU have on businesses external to the EU? EU’s institutions has been widely known for its unity and success that has reform the politics and economics in the members nations of European Union. They had gone through success and failure which can be studied by, and it can also be studied by the businesses who plan to enter the European market. Case Study You are researching direct foreign investment possibilities in African countries in the energy sector, either 100 percent owned or with a local partner. Which organization discussed in this chapter would you look to for help in developing a list of criteria for your decision? African Countries are very environmental, and there may be challenges in operating such facility; therefore without an absolute certainty provided, I would invest with local partners who are well aware of the environmental factors. I would get helps in developing a list of criteria by United Nation, UNEP regarding environmental issues and UNESC regarding human and labor rights. I believe UN would be interested in the project since it is creating jobs and building green energy at the same time which also falls with UN’s goal. 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