HI 5013 – Topics for Assignment One 1. Conducting business globally presents a variety of opportunities and challenges for individual managers. Identify and describe four specific challenges and opportunities that a manager may encounter. Throughout your response, refer to two organisations to illustrate the significance of these concepts. 2. Research, discuss and identify how 'globalization' impacts business today, and what international managers must know to stay ahead of the game. Identify and discuss how outsourcing and offshoring contribute to globalization using a company case study to identify the challenges, opportunities and problems that globalization presents. [our selected topic – 2]. The assignment material should be collected from the lecture slides week – 1 to week – 5. However, some contents can be taken from online & others (including reference)] 3. Increasingly, stakeholders are expecting organisations to demonstrate their commitment to society. Should international managers base their ethical standards on those of host countries or their own home country? How best can the two be reconciled? Illustrate your answer with reference to two (2) examples. 4. Conduct an analysis of the socio-cultural implications for managers in the course of doing business between Australia and China and/or India. Use a case study company that has shown success in its global strategies in this regard. 5. One of the most significant challenges for managers is to understand the differences in communication styles. Focusing on the Japanese and Australian cultures, provide a detailed comparison and contrast between each of these. Discuss an example whereby an Australian organisation has been successful negotiating with a Japanese company. What was the outcome? 6. Research, identify and discuss the key differences in negotiation and decision making processes used between Australian and Middle Eastern companies/businesses. Identify an Australian company that has expanded into the Middle East and use it as a case study to discuss what changes Australian managers would need to make in order to ensure success in this market.