Reflective Report Essay

Submitted By Tarif04
Words: 901
Pages: 4
Open Document
refelctive report
GLOBALISAITION AND INTERNATIONAL BUSINESS

MD.NURUZZAMAN
SID: 13004277
Introduction
In this part of the assignment, my experience and discovery through this assignment would be discussed which is the reflection of my understanding about globalisation and international business.
As a part of my module ‘Globalisation and international business’, our group task focused on the different aspects of globalisation in terms of different activities and decisions of McDonald’s for its entrance in Nepal. This particular task helped me to gain knowledge on a multinational company’s profile with its product range and market share, its competitors and how does it achieve competitive advantage over the competitors, what is the global strategic mover of the company and its environmental framework in the global business environment.
While I go through the group task, I realize that, McDonalds has the immense potential to launch their business in Nepal which is one of the most attractive tourist destinations in South Asia and which fosters its own traditional Nepalese culture. Based on this study, it is obvious to me that, McDonald’s has a global strategic potential and they can implement this potential to other prospective destinations. Therefore from my learning of this study, I have found another two countries Bangladesh and where McDonald’s can implement practice their global strategy.

Bangladesh:
Bangladesh is one of the prospective countries to conduct ‘restaurant’ and ‘fastfood’ business. The density of population is 1,033.5/km2 with the total population of 150 million (March, 2013 estimation). This highly dense population is the opportunity for any restaurant business (Islam et al, 2014). The country’s GDP is $2.083 in 2013 which show the increase disposable income of the people (Golder et al, 2014). Moreover, Bangladesh is famous for its tourist attraction with the largest Sea Beach in the world name Cox’s Bazar and largest Mangrove forest named Sundarbans. The country is also historically and traditionally developed with its long historical essence and traditional culture. People of this countries are food lover and therefore though they are rich in their traditional food however they accept different tastes from other trend which is visible in the growing trend of fast food and recent presence of many multinational chain fast food shop and restaurant such as KFC, Pizza Hut and Pizza Inn (Rahman, 2014).
However, the non-traditional food trend is mostly famous in the urban areas rather than the ruler one. Moreover, the country’s main religion is Islam and most of the people belongs to this religions who are restricted to the concept of ‘Halal’ food. Therefore McDonald’s like other multinational fast food chain has to adopt this concept and can produce and sells foods with this concept and concern people with the announcement in the display ‘All Halal’ or ‘Halal’. However, the advantage of this destination is that, McDonald’s key source of their food items chicken and fish are traditionally occupy the leading place in their regular food list. Another threat of the country is its recent political instability which impact on any foreign investment. However, the recent development of business growth even in this instability shows that the country has a huge potential to grow when this political instability is reduced or eliminated.
The best entry mode for McDonald’s in Bangladesh is its franchise since many giant investors of Bangladesh have their immense interest to grab the opportunity of getting license of such prominent superior multinational company which is reflected through the ownership of KFC in Bangladesh.

Vietnam:
Vietman is another highly potential spot for the entrance and expanding business of McDonalds. The country’s population is 89 million where the GDP is $4,001.28 which is favourably higher for any developing countries. Since 2000, Vietnam's economic growth rate has been among the highest
Show More

Related Documents: Reflective Report Essay

ELL Reflective Report

To start my reflection I want to say that I have never had any experience with ELL students in the math classroom and I have learned a lot from the articles. One misconception that I had about ELLs was that they have no english knowledge and cannot speak in english at all. I also thought that having students use their own language in the classroom is not help to their education because the teacher cannot understand them. I realized these were not true during a disscussion in class and also read about…

Words 633 - Pages 3

Nursing Reflective Report

importance of NHS health campaigns focussing on young people's involvement in the blood donation service and why so few in the 17-25 age category donate. Beyond my A-levels, I regularly watch factual medical series and documentaries and read news reports to keep abreast of advances in medicine and current issues within the profession. I have recently enjoyed reading 'Tending Lives' by Echo Heron; the realism of the nurses stories I found…

Words 635 - Pages 3

Mentoring Reflective Report

With over 7 years of mentoring and over 4 years of Cross-Cultural Leadership Development, and international leadership experience gained from studying in Uganda, Shanghai, Beijing, and the national experience from traveling to 22 states. I would like to utilize my expertise to help enhance the work for Baxter CMC mentoring programs, such as Mizizi Maji and Threads. It’s astonishing the impact these programs offer the students that are involved. Leaving them with critical leadership skills, life changing…

Words 338 - Pages 2

Reflective Report: Business Simulation

The following reflective report will examine two critical incidents that affected my team and me during the MEGA business simulation. The Oxford dictionary (2017) defines reflection as a severe contemplation or deliberation. Reflection will help me look within myself and see what I did during the incidents and how it affected the group dynamics. To be able to examine the issues through different theory’s of reflection we must first define what a critical incident is. A critical incident is an event…

Words 619 - Pages 3

Personal Reflective Report

Skills (execution) 8, because I am quite comfortable handling the ball. I also believe that I have a fairly good vision in the game we call basketball. I can easily identify imminent tactics (pressing, fast breaks, switching defenses, banging in the post, etc.) and can create many plays on the offensive side. My passing skills constitute my veritable strength because I am able to do any type of passes and evaluate the degree of its success due to my distinctive sense of space and time. Furthermore…

Words 535 - Pages 3

Self Reflective Report Essay

Self Reflective Report Contents Introduction 2 Definition of Self-Reflection 2 Research Findings 3 Delivery of Debate, Strengths and Weaknesses…

Words 1853 - Pages 8

Clinical Nurse Reflective Report

On March 28th, 2016 I facilitated a presentation about the challenges and opportunities in the advanced nursing role of the clinical nurse If I were to present this facilitation again, I would take into account the constructive criticism from my peers and professor. The class noted that one area for me to improve on as to slow down my speech and speak more professionally. From the verbal feedback, I learned that I should not have informed the class that it is acceptable not to reference the article…

Words 330 - Pages 2

Professional Nurse Reflective Report

When I reflect on my journey working toward my MSN, I have learned a tremendous amount regarding the role of a professional nurse. I rolled from my BSN to the MSN program, so I have been at this for the past five years. There have been many ups and downs, I broke my wrist twice in five years and resorted to one-handed typing for discussions and assignments, not an easy task! But there have also been many ah-ha moments. As a diploma nurse at the beginning of this journey, I knew little of nursing…

Words 308 - Pages 2

English 250 Reflective Report

My work in English 250 this semester has built upon my knowledge from pervious English classes in order to improve my abilities. I came into the year with relatively little formal paper writing experience, having spent most of my time in high school writing informal papers or short 1 page assignments. As a result of this lack of experience, I started out the semester in English weak. However, this semester has taught me several important processes and procedures that have greatly improved my writing…

Words 585 - Pages 3

Nursing Course Reflective Report

Over the last eleven weeks we learnt a lot in this course. I believe I was able to meet all the course objectives successfully. This class equipped me with the skills and knowledge I needed to know as a future advanced practice nurse (APN) and also gave me a better understanding of the principles of pharmacokinetics, pharmacodynamics, and pharmacotherapeutics of drugs used in the management of both the acute and chronic diseases of the patients. The course discussions utilized case studies that had…

Words 191 - Pages 1