John Global Financial: Past Economic Strategies Were Keenly ✓ Solved

John Global Financialthe Past Economic Strategies Were Keenly Direct

John (Global Financial) The past economic strategies were keenly directed in particular bigger supremacy states. They did not have a defined monetary system to exercise their duties lately, hence leading to the current international monetary system's growth. However, the international monetary system is dynamic due to the trade expansion in the economic sector (Shelton, 2018). Lately, in the Bretton Woods period, the financial structure focused majorly on ownership of assets by everyone but currently, in the new era, the assets are not accessible by the public. The international monetary system clearly indicates the authorized duties simulating International economy structures: procedures of currency problem resolutions, the size, and arrangement of reservation on stock ownership.

Some of the risks that I could face if I do not have some knowledge of the money market could ruin a business. One of the many goals when owning a business is to expand and grow the business statewide, nationwide, and globally. Achieving the goal of being a multinational corporation introduces many risks that I must know and be able to deal with. I could invest incorrectly and lose money and business. The operations of multinational companies are more complex than a simple single store owner.

Exchange rates, interest rates, and governing laws all will have an effect on the money market. This is what I hope to learn and master in this class so I can be successful in my future management position. Leeann K Alexandra When reviewing terminal course objectives: • Assess different types of foreign exchange exposure faced by the MNC identification and measurements of these risks. • Evaluate the forces of globalization and its implications for the multinational firm • Evaluate the structure of international financial markets and institutions and the range of instruments traded therein • Interpret the operation of the international financial system its current state, and challenges for the future I learned that without knowing how international markets work, I would not be able to have success in management.

Not understanding the structures, different foreign exchange, or institutions may cause business failure. As a manager, some challenges and risks they might face are losing companies to work with due to failure to meet policy and procedure. Another risk could be having an international company that fails because of supply and demand. Earl (Business Research) Organizations conduct a SWOT analysis based on the situation analysis. Strengths, weaknesses, opportunities, and threats are all evaluated using critical and creative thinking.

Strategies are then formulated and implemented considering the government or legal bindings and the business organization's political environment (Hill et al., 2014). These factors vary in different regions, and thus strategic analysis should factor in the variations in cases where the organization operates in more than one area. The implementation results are then evaluated objectively. Again, critical and creative thinking is applied to determine whether the decisions are worthwhile, whether the results are satisfactory and ethical, and the long-term and short-term implications of the strategies laid; whether or not they should be revised. Strategic planning and the analysis process help organizations develop strategic decisions that are fair to the employees and the community, free of subjective bias, legal in the organization's working environment, and generally, decisions that would bring a positive change in the organization (Al Mamun et al., 2017).

Hi DeAngelo, I agree emotions can really affect decisions made at a company. I have noticed with myself that if someone makes me upset it is best for me to take a step back and come back to the issue when I have given myself some time to calm down and put my thoughts together. It can be easy to be snappy at people when you are upset but stepping away from the situation allows you to clear your mind and think about the entire situation. A SWOT analysis would be good at evaluating the company and see where they can improve however, I included another one – the PESTLE analysis which analyzes factors influencing the organization from the outside. I think it is important to use this as well to get a more comprehensive analysis of the company.

The PESTLE analysis has more of a breakdown of other factors that the SWOT is missing. -Ashley Hello Everyone This week’s questions are explain how to use the four steps in strategic planning that consist of assessments, strategy formulation, implementation of the plan, and evaluation of the results. In my thought process to move forward I would say the step 1 is assessments of the business what is the purpose, from last week’s questions what is the mission. Make sure that everyone has a clear understanding of it. Then you can move to the next step which is strategy formulation. Once everyone has a clear understanding plan out small goals to reach first then move forward.

The next step is implementing the plan by delegating who will do what of the goals process. Then the final step of evaluating the results I feel this is the simplest step because you are going over how it went. The process each step did it work if it didn't work and what you need to change to move forward next time. The way things change so much when considering the micro and macro environment the strategic planning needs to be done often. In order to keep current, these steps need to be repeated as much as possible.

In order to facilitate an organization's ability to initiate, formulate and implement strategies this becomes a very detailed process. You must get the information analyzing it, then finding the losses and the wins to bring it together so that you can implement the strategies.

Paper For Above Instructions

International financial markets and monetary systems undergo constant evolution influenced by globalization, regulatory frameworks, and emerging risks. The discussion drawn from past economic strategies showcases how monetary systems have adapted and transformed, particularly since the Bretton Woods era. In understanding these systems, businesses must recognize challenges posed by international markets and how strategic analysis can guide successful outcomes.

The Bretton Woods system, implemented in 1944, established fixed exchange rates linked to the U.S. dollar, which was convertible to gold. This framework aimed at providing stability in international finance. However, it also highlighted the reliance on stronger economies and led to vulnerabilities when faced with shifting economic powers (Shelton, 2018). Over the years, subsequent shifts towards flexible exchange rates and globalization have presented new opportunities and complicated the financial landscape.

Today’s international monetary system features an intricate web of regulations and market practices. In navigating these, multinational corporations (MNCs) face various types of foreign exchange exposure, including transaction, translation, and economic exposure (Herbert & Kelsey, 2020). Understanding these exposures allows businesses to develop effective risk management strategies, ensuring they can optimize profits and mitigate potential losses.

Exchange rates fluctuate based on a multitude of factors, including interest rates, inflation, and political stability (Madura, 2018). Therefore, it’s critical for MNCs to monitor these elements dynamically. Statistical tools and market analysis models can assist in this evaluation, paving the way for strategic decisions aligned with business objectives.

Moreover, mastering the operations of financial markets allows future managers to preemptively address international challenges. This requires not only a grasp of market mechanics but also understanding macroeconomic indicators that can influence business performance (Eiteman et al., 2016). When organizations fail to adapt to rapid changes in the economy, they increase the risk of business failure. Hence, management courses can bridge this knowledge gap, equipping students with necessary insights and strategic thinking skills.

The strategic planning process is essential for aligning organizational goals with market realities. Key steps in this process include assessments, strategy formulation, implementation, and evaluation of results (Al Mamun et al., 2017). In the assessment phase, a clear understanding of the organization’s mission and the external market conditions is crucial. This allows businesses to articulate what drives their operations and identify their competitive advantages.

Strategy formulation involves developing specific, actionable plans designed to achieve the organization's objectives. It is vital that these strategies are adaptable to changing market conditions—ensuring that they remain relevant and effective. Delegation of responsibilities for implementing these plans is the subsequent step, which requires clear communication within the organization to ensure accountability and collaborative efforts (Hill et al., 2014).

Evaluation is the final step in the strategic planning cycle, wherein organizations reflect on the implemented strategies' effectiveness. This analysis helps identify what worked, what didn’t, and why (Mullins, 2020). Regular review processes also facilitate continuous improvement and rapid adaptation to market dynamics, thus positioning organizations to thrive amid uncertainties.

In supplement to SWOT analysis, which identifies strengths, weaknesses, opportunities, and threats, PESTLE analysis adds another layer by examining external factors affecting businesses such as Political, Economic, Social, Technological, Legal, and Environmental influences (Alexandra, 2021). Incorporating these analyses into strategic planning enriches understanding and enhances the decision-making process.

In conclusion, a profound understanding of international monetary systems, foreign exchange exposures, and proactive strategic planning are fundamental for the success of multinational corporations. The dynamic nature of financial markets and globalization necessitates continuous learning and adaptability. Future management professionals must be equipped with the skill set to analyze economic conditions, develop effective strategies, and implement practices that drive organizational success in the global market.

References

• Al Mamun, A., et al. (2017). Strategic Management and Planning.
• Alexandra, L. K. (2021). PESTLE Analysis in Business Strategy.
• Eiteman, D. K., et al. (2016). Multinational Business Finance.
• Herbert, S., & Kelsey, A. (2020). Managing Foreign Exchange Risk.
• Hill, C. W. L., et al. (2014). International Business: Competing in the Global Marketplace.
• Madura, J. (2018). International Financial Management.
• Mullins, J. (2020). Effective Strategy Evaluation in Business.
• Shelton, J. (2018). The Evolution of the International Monetary System.
• Pestle Analysis. (2021). Understanding Business Environment Factors.
• SWOT Analysis in Strategic Planning. (2021). Improving Business Strategies.