International Business Environment Assignment - BMW
12 Pages3538 Words282 Views
Added on 2020-11-23
International Business Environment Assignment - BMW
Added on 2020-11-23
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Managing Resources in theInternational BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1QUESTION 1..................................................................................................................................1Impact of globalisation on the global economy over the past 30 years.......................................1Theoretical models and trends in international trade and foreign direct investment...................3Challenges and opportunities that globalisation may face in the future......................................3Question 2........................................................................................................................................4a. Investment done by BMW using calculation...........................................................................4b. Presenting the mitigation strategy which creates impact of exchange rate fluctuation...........6CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONManaging resources in the current or international business environment is quite essentialfor the growth of the economy. Resource management is the effective and efficient developmentfor an organization whenever they needed and this resources are financial resources, inventoryand human skills etc. The report main aim is to understand the financial and economicenvironment and its impact upon the current business situation. The chosen company for thisreport is BMW which is one of the leading automobile German company that produces Luxuryautomobiles and motorcycles. Report critically describe the impact of globalisation in the entire world from last 30years by using some theoretical models. Further it also highlight some challenges andopportunities which may face by globalisation in their future that further focus i its political andeconomic situation. Beside this, report also shows that in which country BMW should invest byusing some calculation. The present study also analysis the change in exchange rate and alsoshow how to mitigate the possible exchange rate fluctuations.QUESTION 1Impact of globalisation on the global economy over the past 30 yearsGlobalisation refers to the integration of UK market in global economy which leads toincreased interconnectedness towards national economies. Markets in which globalisation whichis particularly common that includes financial markets that includes capital market, moneymarket, credit markets, etc. In these types of market, different commodity has been placed thathelps to take important role in 20th and 21st centuries. Furthermore, development of ICT alsoaccelerated with the pace of globalisation over the past 30 years. Internet enabled with 24*7hours that make fast so that BMW Company globally expanded easily. In this regard, rise ofsocial media means national boundaries consider many ways that create successful procedurewith use of new forms of communication and marketing (Baillie and Han, 2019). In addition to this, rise of electronic systems also consider economy which develop e-wallets, pre pay and mobile pay. These tools help to facilitate and increase global trade ineffective manner. Therefore, it assists to stimulate with globalisation and capital can move freelyfrom country to country. It is relatively worked to focus on the business which alsostraightforward for firms to locate and invest in broad. Hence, profitability also grows and1
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