Global Business Portfolio - Pros and Cons of EEC, Reasons and Challenges of MNC Internationalisation

Global Business
Portfolio

Table of Contents
A. Individual Notes 1 ......................................................................................................................3
Conduct an online research on The European Economic Community (EEC). What are the pros
and cons of the EEC? ............................................................................................................3
B. Individual Notes 2 ......................................................................................................................4
Critically discuss the reasons why Multinational Corporations (MNC) internationalise and the
typical challenges they encounter. .........................................................................................4
C. Individual Report ........................................................................................................................8
Select an MNC and analyse how the company could enter an international market that it does
not have a presence. The report should cover the following: ................................................8
Introduction ...........................................................................................................................8
Analysis of Domestic Market-................................................................................................9
Strategy of internationalise.....................................................................................................9
Mode of entry, challenges it may find in the country and possible solutions-.....................10
Leadership qualities that supports the market entry-............................................................11
Conclusion............................................................................................................................12
D. Individual Reflective Essay......................................................................................................12
Briefly summarise what you have learned from this module and how you review your own
entrepreneurial qualities.......................................................................................................12
REFERENCES..............................................................................................................................15

A. Individual Notes 1
Conduct an online research on The European Economic Community (EEC). What are the pros
and cons of the EEC?
The European Union was formally established on November 1, 1993. European arrangements
and coalitions, be that as it may, have been set up starting around 1949 when NATO was shaped.
The European Economic Community was framed in 1957. Since the 1950s, different businesses,
including coal and steel, have attempted to make one substance serving all Europeans rather than
lined countries serving little areas of the populace.
With the commencement of Brexit and an expansion in psychological oppression, the objectives
of the EU stand yet to be determined(Bruyndonckx, Coenen and et,al., 2021). Here are the
benefits and disservices of the European Union to consider.
The entry which is forced of Maastricht Treaty in the year 1993, the term EEC was changed into
the European Community that shows the large range is covered into policy economically. This is
formed when three communities of Europe that includes EC, which is collectively managed in
form of 1st constitute into three pillars of European Union, that also founded treaty(Swann,
2018). The European Community existed within the form which was abolished in 2009. the
treaty of Lisbon, that was incorporated the EC's institutions in the larger frame work of EU that
provides the EU can be “replaced and be successful in the European Community'.
Advantages of EEC-
 It creates a hihgly influencial block economically - Individual countries inside the
battle of Europe to hold effect globally as a result according to their size. Due to having
few little countries joined for one financial reason, more affect are applied on worldwide
and nearby financial aspects. Biggest monetary blocks made better import and product
amazing open doors, better evaluating on needs merchandise, and deregulation potential
open doors all assistance to help the general advantage of Europe.
 Travel Becomes Easier- With various countries of Europe cooperation, it has created a
general citizens which is fairly borderless for movement objectives. There are low
designated spots, consumer passage concentration, and other kinds of ID checks prevents
prevents expected while making the trip from one country to another(Domazet, 2018).

This takes into account free travel inside the landmass for the people who are applied for
the suitable ID.
Disadvantages of EEC-
 Restrictions and Fewer borders which means high opportunities for nefarious
desires- History are shown us that us that single individual, with the right encouragement
and instruments, can caused a ton of devastation for general peoples. Beginning around
2010, there has been an expansion in vehicular assaults and other dread like occasions
that have happened on European soil. The exceptionally organized Paris assaults
in November 2015 killed 130 peoples and a few have happened according to that point
forward. With open lines comes greater opportunity to create problems.
 Developing an overlooking government did not heal division- The vote of new Brexit
is proof where the Europe can appreared to be joined in the Union, yet the old divisions
actually exist(Aleknevičienė and Mušeikytė, 2020). The European Union has
demonstrated that they facilitates supportive benefits according to financial outlook, yet
there is as yet a patrotism feeling that provides the underpinning of what has been worked
beginning around 1993. All in all, Brexit shows that that the amicability present is
something else for visible presentations as it were.
B. Individual Notes 2
Critically discuss the reasons why Multinational Corporations (MNC) internationalise and the
typical challenges they encounter.
The Reasons of MNC going on international platform-
 Enhancing potential revenue - Whenever companies are depleted about experiences of
learning at home, they go to global extension to assist with developing goodwill of
business. For some companies, worldwide development provides an opportunity for
investing markets and get closed enough to a huge number of customers, hence deals are
expanded.
 Entry in New Market- In case if your company are effective in particular nation of
origin, then it is the right time for taking a gander at business sectors in foreign. Be that
as it may, before you entering in new market, doing research is basc. Whether it has been
taken a gander at developing business sectors in the country of South America, trend