MNB3701
Principles of Global Business Management
REPORT/ASSESSMENT 4 2023
(UNIQUE NUMBER: 690302)
by
INSERT YOUR NAME
(Student number: XXXXXX)
DEPARTMENT BUSINESS MANAGEMENT
DECLARATION OF OWN WORK
i
, 1. I hereby declare that the material which I now submit for this assessment is entirely
my own work and has not been taken from the work of others. Work that was constructed
from other sources has been duly referenced.
2. I know that plagiarism means taking and using the ideas, writings, works or
inventions of another as if they were one’s own. I know that plagiarism not only includes
verbatim copying, but also the extensive use of another person’s ideas without proper
acknowledgement (which includes the proper use of quotation marks) or any attempt to
cheat the plagiarism checking system. I know that plagiarism covers the use of material
found in textual sources and from the Internet.
3 I acknowledge and understand that plagiarism is wrong.
4 I understand that my assignment must be accurately referenced.
5 This assignment/exam file/portfolio is my own work. I acknowledge that copying
someone else’s work, or part of it, is wrong, and that submitting identical work to others
constitutes a form of plagiarism.
6 I have not allowed, nor will I in the future allow, anyone to copy my work with the
intention of passing it off as their own work.
7 I understand that I can be awarded 0% if I have plagiarized. I understand that my
assignment/exam file/portfolio may be submitted automatically to Turnitin.
8 I confirm that I have read and understood the following UNISA policies:
8.1 Policy for Copyright and Plagiarism -
8.2 Policy on Academic Integrity
8.3 Student Disciplinary Code
8.4
Name: xxxxx xxxxx Student No: xxxxxx
Signed : xxxxxxx Date: 22 April 2023
TABLE OF CONTENT
ii
, 1 EXECUTIVE SUMMARY.....................................................................................................................................1
2 LITERATURE SEARCH........................................................................................................................................2
3 BACKGROUNDS OF REPORT.............................................................................................................................2
3.1 Standard Bank Path to internationalisation.................................................................................................2
3.2 The role of decision makers/leaders played in becoming an MNE................................................................3
3.3 Motivation for expanding operations into Nigeria........................................................................................3
3.4 Objectives set by the MNE’s management (Standard Bank).........................................................................4
4 FORMAL INSTITUTIONAL FRAMEWORKS.........................................................................................................4
4.1 Political systems............................................................................................................................................4
4.2 Economic System..........................................................................................................................................5
4.3 Legal System.................................................................................................................................................5
4.4 Implications to management actions............................................................................................................6
5 INFORMAL INSTITUTIONAL FRAMEWORKS.....................................................................................................6
5.1 Culture.........................................................................................................................................................7
5.2 Language competencies and cultural interactions.......................................................................................7
5.3 Religions.......................................................................................................................................................7
5.4 Ethics............................................................................................................................................................8
5.5 Key implications for management action of informal institutions................................................................8
6 RESOURCE APPRAISAL.....................................................................................................................................9
6.1 Key Resources and Capabilities of Standard bank in Nigerian market..........................................................9
6.1.1 Physical capital resources..........................................................................................................................9
6.1.2 Human capital resources.........................................................................................................................10
6.1.3 Organisational capital resource................................................................................................................10
6.1.4 The Standard Bank reputation.................................................................................................................10
6.2 Strategic implications of resource appraisal to the management...............................................................11
6.3 An overview of resource appraisal of Standard Bank..................................................................................11
7 Challenges trading internationally.................................................................................................................12
7.1 The comparative advantage theory............................................................................................................12
7.2 Standard Bank comparative advantage in Nigeria......................................................................................13
7.3 Standard Bank challenges trading internationally.......................................................................................14
7.4 Implications for management action..........................................................................................................15
8 Foreign Direct Investment (FDI).....................................................................................................................15
8.1 Foreign direct investment as key to the success of the MNE......................................................................15
8.1.1 Ownership...............................................................................................................................................15
8.1.2 Location advantages................................................................................................................................16
iii
Principles of Global Business Management
REPORT/ASSESSMENT 4 2023
(UNIQUE NUMBER: 690302)
by
INSERT YOUR NAME
(Student number: XXXXXX)
DEPARTMENT BUSINESS MANAGEMENT
DECLARATION OF OWN WORK
i
, 1. I hereby declare that the material which I now submit for this assessment is entirely
my own work and has not been taken from the work of others. Work that was constructed
from other sources has been duly referenced.
2. I know that plagiarism means taking and using the ideas, writings, works or
inventions of another as if they were one’s own. I know that plagiarism not only includes
verbatim copying, but also the extensive use of another person’s ideas without proper
acknowledgement (which includes the proper use of quotation marks) or any attempt to
cheat the plagiarism checking system. I know that plagiarism covers the use of material
found in textual sources and from the Internet.
3 I acknowledge and understand that plagiarism is wrong.
4 I understand that my assignment must be accurately referenced.
5 This assignment/exam file/portfolio is my own work. I acknowledge that copying
someone else’s work, or part of it, is wrong, and that submitting identical work to others
constitutes a form of plagiarism.
6 I have not allowed, nor will I in the future allow, anyone to copy my work with the
intention of passing it off as their own work.
7 I understand that I can be awarded 0% if I have plagiarized. I understand that my
assignment/exam file/portfolio may be submitted automatically to Turnitin.
8 I confirm that I have read and understood the following UNISA policies:
8.1 Policy for Copyright and Plagiarism -
8.2 Policy on Academic Integrity
8.3 Student Disciplinary Code
8.4
Name: xxxxx xxxxx Student No: xxxxxx
Signed : xxxxxxx Date: 22 April 2023
TABLE OF CONTENT
ii
, 1 EXECUTIVE SUMMARY.....................................................................................................................................1
2 LITERATURE SEARCH........................................................................................................................................2
3 BACKGROUNDS OF REPORT.............................................................................................................................2
3.1 Standard Bank Path to internationalisation.................................................................................................2
3.2 The role of decision makers/leaders played in becoming an MNE................................................................3
3.3 Motivation for expanding operations into Nigeria........................................................................................3
3.4 Objectives set by the MNE’s management (Standard Bank).........................................................................4
4 FORMAL INSTITUTIONAL FRAMEWORKS.........................................................................................................4
4.1 Political systems............................................................................................................................................4
4.2 Economic System..........................................................................................................................................5
4.3 Legal System.................................................................................................................................................5
4.4 Implications to management actions............................................................................................................6
5 INFORMAL INSTITUTIONAL FRAMEWORKS.....................................................................................................6
5.1 Culture.........................................................................................................................................................7
5.2 Language competencies and cultural interactions.......................................................................................7
5.3 Religions.......................................................................................................................................................7
5.4 Ethics............................................................................................................................................................8
5.5 Key implications for management action of informal institutions................................................................8
6 RESOURCE APPRAISAL.....................................................................................................................................9
6.1 Key Resources and Capabilities of Standard bank in Nigerian market..........................................................9
6.1.1 Physical capital resources..........................................................................................................................9
6.1.2 Human capital resources.........................................................................................................................10
6.1.3 Organisational capital resource................................................................................................................10
6.1.4 The Standard Bank reputation.................................................................................................................10
6.2 Strategic implications of resource appraisal to the management...............................................................11
6.3 An overview of resource appraisal of Standard Bank..................................................................................11
7 Challenges trading internationally.................................................................................................................12
7.1 The comparative advantage theory............................................................................................................12
7.2 Standard Bank comparative advantage in Nigeria......................................................................................13
7.3 Standard Bank challenges trading internationally.......................................................................................14
7.4 Implications for management action..........................................................................................................15
8 Foreign Direct Investment (FDI).....................................................................................................................15
8.1 Foreign direct investment as key to the success of the MNE......................................................................15
8.1.1 Ownership...............................................................................................................................................15
8.1.2 Location advantages................................................................................................................................16
iii
