Advantages and Disadvantages of Joining EEC, Reasons for MNCs Internationalization and Challenges Faced, and Internationalization Strategy for Marks and Spencer in Monaco

Project Portfolio

Contents
INTRODUCTION...............................................................................................................................3
Individual Notes 1................................................................................................................................3
3 advantages joining to EEC..............................................................................................................3
3 disadvantages joining to EEC.........................................................................................................3
Individual Notes 2................................................................................................................................4
Reasons why MNCs internationalize and the challenges that they encounter....................................4
Individual Report................................................................................................................................9
Introduction.......................................................................................................................................9
Analysis of domestic market..............................................................................................................9
Strategy to internationalize..............................................................................................................10
Mode of entry, challenges in the country and possible solutions.....................................................10
Leadership qualities that support the market entry..........................................................................11
Conclusion.......................................................................................................................................11
Individual Reflective Essay...............................................................................................................12
REFERENCES..................................................................................................................................14

INTRODUCTION
The European Economic Community was an organization that operated at a regional
level and that aimed to bring economic integration among the members of its states (Chang
and et.al., 2021). the organization was created by the Treaty of Rome in the year 1957. And it
can be stated that on the formation of European Union in the year 1993, the EEC was
incorporated into the EU. The respective report will explain the advantages as well as
disadvantages of joining EEC. Apart from this, there is also a critical discussion about why
MNCs internationalise and the typical challenges they encounter. Lastly, the report also
includes a reflective essay on the learnings of the module and a review of own
entrepreneurial qualities.
Individual Notes 1
3 advantages joining to EEC
The European Union creates balance due to the fact all of the international locations
belonging to the agreement work together for his or her mutual precise. Although this does
boom their working fees due to the fact there are home and global governments which require
funding, it makes every person safer as well. This advantage makes it less complicated for
nearby producers to export their gadgets at a honest rate whilst receiving imports as needed
that don’t break their price range. About 10% of the roles in Europe are immediately related
to the EU right now, and that doesn’t even depend the import-export positions which exist.
When one European kingdom decides to control the surroundings more successfully, then
they are able to make a small impact with their eco-friendly stance (Fernàndez-Méndez,
García-Canal and García-García, 2021). If all 28 contributors come collectively to follow the
identical regulations, then it may be a process which enables to alternate the world. This
dating have become the foundation of the European Union because of the conditions that
have been in location to maintain this moneymaking membership. There had to be a assured
democracy, appreciate for human rights, the capability to introduce competition, and
monetary resources to meet the responsibilities of the relationship. It is this path that the
modern-day EU follows as well.
3 disadvantages joining to EEC
Membership of the EU doesn’t necessarily mean membership of the Euro. But, the
EU has positioned extremely good emphasis on the unmarried currency. However, it has
proved to have many troubles and contributed to low charges of financial increase and

excessive unemployment across the EU. Fortunately, the United Kingdom stayed out of the
Euro. The UK has obtained local price range over time, which has helped monetary
regeneration of areas like South Wales and North East. The CAP and different regulations are
in a protracted slow technique of being reformed. If the United Kingdom stays in the EU, it is
able to, in idea, assist to sell rules which paintings in the long-time period interest of the UK
and reform inefficient policies like CAP. An envisioned 3.5 million jobs are linked to trade
with Europe. Some jobs can be threatened if tariff barriers were to rise outside the EU. The
UK is the 1/3-largest recipient of inward funding within the international. Access to the
Single Market is one element in encouraging this inward investment. The funding is vital for
UK financial increase and jobs.
Individual Notes 2
Reasons why MNCs internationalize and the challenges that they encounter
A multinational company (MNC) is one which has commercial enterprise operations in two
or more international locations. These companies are regularly managed from and feature a
vital workplace established of their domestic UK however with places of work worldwide.
Simply exporting items to be bought abroad does not make a organization a multinational. A
multinational organisation enables the technological increase of the us of a as properly. They
deliver new improvements and technological advancements to the host country (Garwe and
Thondhlana, 2021). They assist modernize the enterprise in growing international locations.
MNCs also reduce the host countries dependence on imports. A multinational organization is
a agency that operates in its home country, as well as in different countries round the world.
Going global is a method that is influenced by way of a variety of factors and is
typically applied over the years. Sometimes, a government will incentivize companies to go
into their UK's market that allows to build their economies. Improving earnings margins is
one of the most common reasons for coming into international markets. When growth
strategies are used up on the national level, the subsequent path is frequently to are seeking
out global boom. Diversifying your brand's offerings and its consumer base are popular
motives for worldwide enterprise expansion. Sometimes, a product isn't always a bad
product, but a horrific fit for the marketplace in which it become at the start launched.
Launching that product again in a different market, closer to human beings with a unique way
of life and a distinctive finances can suggest a completely unique, an awful lot extra high-
quality reception for that product. Operating in global markets also offers organizations get