Insights on Management in International Business: A Course Reflection

This essay reflects on key learnings from an international business management course, specifically focusing on strategies for US companies entering the Chinese market. It discusses the importance of analyzing political conditions, cultural nuances, environmental factors, and economic risks. The reflection highlights the effectiveness of cost-effective product strategies and low labor cost production processes. Furthermore, it emphasizes the role of leadership and negotiation skills in navigating the Chinese business environment. The essay also identifies areas where the course could provide more clarity, such as addressing potential business issues and offering solutions. Additional approaches for successful international ventures are suggested, including detailed market analysis, assessment of transportation facilities, evaluation of internal capabilities, and strategic business planning. Desklib offers a platform for students to access similar solved assignments and study tools to further enhance their understanding of international business management.

Running head: MANAGEMENT IN INTERNATIONAL BUSINESS
MANAGEMENT IN INTERNATIONAL BUSINESS
Name of the Student
Name of the University
Author note

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What were the most compelling topics learned in this course?
The compelling topics learned in the course is the course is that this course discuss the
scenario regarding the US cooperation that is being operated in the business market of China.
The business market of China are analyzed for the organization to operate in the business market.
The political conditions, cultural, the environmental and the economic risks of business are
analyzed for determining the micro environment condition of the country. The strategy of
entering in the business market that is providing the cost effective products and the production
process involving the low labor cost (Hohenthal, Johanson & Johanson 2015). This strategy
helped the US business to enter the business market. The leadership that is maintained in the
country will help the business to succeed in the business market.
How did participating in discussions help your understanding of the subject matter? Is
anything still unclear that could be clarified?
The participations in the discussion has helped a lot to understand the subject better of the
scenario that the US cooperation are required to follow for doing business in China. An elaborate
explanation of the role of the business chairman, vice chairman, secretary, treasurer are found in
the business for dealing in the business market of China. The study has described the marketing
condition in the country, micro environment of the business in the country. The study has also
stated about the marketing strategy that is how to enter in the business market of China (Ang,
Benischke & Doh 2015). The study clearly stated the five stages of the negotiations that the
business are required to go through.
The things that are still unclear in the study is that the study are not able to clearly
describe about the issues that the business might suffer. The study should elaborate the ways of

2MANAGEMENT IN INTERNATIONAL BUSINESS
solving the issues that the business may face while entering into the business market.
What approaches could have yielded additional valuable information?
The additional approaches that are required for the US cooperation to run business in
another country are:
The market analysis are required to be done in an elaborate manner.
The transportation facilities that are required for the business should be analyzed in beforehand
(Chetty, Ojala & Leppäaho 2015).
The internal capabilities of the business are required to be assessed like the core competencies of
the business. This will help the business to determine the entry strategies of the business in the
new business market.
The business are required to prioritize the business market based on the strategic fit and the
ability to serve in the business market.
The key steps here are develop to the business plan, the case for investment, the implementation
work plan, including owners, timelines, and the key milestones for entering the business market
(Grönroos, 2016).
The business are required to analyze their strengths, weakness before entering into the business
market and the strategies should be developed for the areas they might lack in the new business
market of China.

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References
Hohenthal, J., Johanson, J., & Johanson, M. (2015). Network knowledge and business-
relationship value in the foreign market. In Knowledge, Networks and Power (pp. 187-224).
Palgrave Macmillan, London.
Ang, S. H., Benischke, M. H., & Doh, J. P. (2015). The interactions of institutions on foreign
market entry mode. Strategic Management Journal, 36(10), 1536-1553.
Chetty, S., Ojala, A., & Leppäaho, T. (2015). Effectuation and foreign market entry of
entrepreneurial firms. European Journal of Marketing, 49(9/10), 1436-1459.
Grönroos, C. (2016). Internationalization strategies for services: a retrospective. Journal of
Services Marketing, 30(2), 129-132.