1. GLOBAL BUSINESS ENVIRONMENTS
MNI3701
Revision Slides
(Part One)

2. 1.Introduction
The purpose of these revision slides is to provide:
Exam preparation tips
Details on the format of the examination
Basic overview of the study material
There are 14 slides (including the cover page) in this section.

3. Contents: 1. Introduction 2. Exam Preparation Tips
3. Format of the examination
4. Overview of the Study Material
5. Conclusion

4. 2. Exam Preparation Tips
Draw up a revision timetable and stick to it.
Work through the assignments and tutorial letters.
Use the study guide to help you when revising the prescribed book.
Ensure that you arrive at the exam venue on time. The exam is on 19 November, 2 pm.
Stay calm and focused during the exam.

5. 3. Format of the examination
The examination counts a total of 70 marks which is calculated as follows:
Section A consists of 20 compulsory multiple choice questions. (20 marks)
Section B consists of 3 essay-type questions
worth 25 marks each. You need to answer
two of the three questions. (50 marks)

6. 4. Basic overview of the study material (Part One: Chapters 1 – 5)
4.1 Globalisation
Define globalisation
Drivers of globalisation
Evolution of MNEs
Born-global firms
International trade theories
Role of MNEs in the world economy

7. 4.2 The global political, legal and technological environment
The PESTEL model
The political environment (Role of the State)
The legal environment (legal systems; contracts; international law; investment strategies)
The technological environment
Environmental factors (Climate change; etc)

8. 4.3 The global economic environment
The importance of the economic environment
Economic integration (global; regional; bilateral)
Customs union; common market
Effects of economic integration on trade
Benefits of economic integration (trade creation and trade diversion)
Trade Blocs(Background; objectives; characteristics; governance; implications)

9. 4.3 The global economic environment (contd)
Free Trade Agreements (advantages and disadvantages)
The implications of regional trade blocs and
trade agreements for South African
businesses.

10. 4.4 The economic and investment environment
The importance of the economic environment
Classification of the economic systems (market/command/mixed)
Levels of economic development
Measures of economic activity (GNI; GDP; PPI)
Economic classification of countries (Developed; Less Developed; Developing)

11. 4.4 The economic and investment environment (contd.)
Macroeconomic issues: Economic growth; inflation; CPI; PPI; implications for international business; BOP – characteristics; composition; external debt; privatisation; innovation and entrepreneurship.

12. 4.5 The cultural environment
The meaning and implications of culture
The characteristics of culture
The elements of culture (Political philosophy; economic philosophy; social structure; religion and ethical systems; language and communication)
The levels of culture (national; business and organisational)

13. 4.5 The cultural environment (contd)
Culture and the workplace (Hall’s low context high context approach; Ronen and Shenkar’s cluster approach; Hofstede’s cultural dimensions; Trompenaar’s cultural parameters)
Culture and competitive advantage
Culture and business ethics
Cross-cultural literacy
Culture and entrepreneurial orientation

14. 5. Conclusion
Revise the above slides in conjunction with Chapters 1 – 5 of the prescribed textbook.
Chapters 6 – 13 of the prescribed textbook will be covered in Part Two of the revision slides.
Goodluck with your studies!!!