Integrated and Strategic Business Managementâ€Myassignmenthelp.Com

Question: Discuss about the Integrated and Strategic Business Management. Answer: Introduction: Mayrah is a highly recognized fashion and lifestyle designer brand in Australia, desirous to expand its business in Mumbai (Mayrah 2016). However, since Australia and Mumbai are two different countries with different social as well as corporate culture, it is important for the organization to be aware of the communication problem and other issues that may crop up while doing business in Mumbai (Paliwoda and Thomas 2013). While in India, it is important to be specific as the Indians lack a straightforward approach while doing business, and indulge in vagueness while making agreements. Mayrah if intends to start business in India through partnership, it must come up with long-term agreements, as in Mumbai, people are hardly interested in short-term ventures. Politeness and workplace hierarchy have to be well-maintained. Mumbai dwellers believe in punctuality and the culture being essentially male-centric relies more on doing business with men rather than women. Mumbais culture is highl y family-centric, and hence the advertisements promoting the brand should promote positive family values of shared happiness and joy (Holtbrgge and Baron 2013). There is a variety of compliance requirements that the authority of Mayrah must keep in mind while conducting business in Australia. Under the New Companies Act, a new organization before arriving in India must get itself legally enrolled by fulfilling the legal formalities. Within thirty days from its incorporation in the Indian companies, the organization will be required to hold the first board meeting, followed by which it needs to apply for Tax Deduction and Collection Account Number and Permanent Account Number (Hallward et al. 2015). Mayrah will also be required to keep a proper record of its balance sheet as well as profit and loss account, which it will need to maintain with the Registrar of Companies. Further, engaging in some sort of Corporate Social Responsibility act is mandatory in India. Hence, Mayrah will be obliged to undertake some kind of philanthropic activity while doing business in India. While doing trade in India, Mayrah will also have to abide by the environm ental laws of India (Besley 2015). Reference List: Ang, S.H., Benischke, M.H. and Doh, J.P., 2015. The interactions of institutions on foreign market entry mode.Strategic Management Journal,36(10), pp.1536-1553. Besley, T., 2015. Law, regulation, and the business climate: The nature and influence of the World Bank Doing Business project.The Journal of Economic Perspectives,29(3), pp.99-120. Cavusgil, S.T., Knight, G., Riesenberger, J.R., Rammal, H.G. and Rose, E.L., 2014.International business. Pearson Australia. Czinkota, M.R. and Ronkainen, I.A., 2013.International marketing. Cengage Learning. Dr, A., Baccini, L. and Elsig, M., 2014. The design of international trade agreements: Introducing a new dataset.The Review of International Organizations,9(3), pp.353-375. Hallward-Driemeier, M. and Pritchett, L., 2015. How business is done in the developing world: Deals versus rules.The Journal of Economic Perspectives,29(3), pp.121-140. Holtbrgge, D. and Baron, A., 2013. Market entry strategies in emerging markets: An institutional study in the BRIC countries.Thunderbird International Business Review,55(3), pp.237-252. Laufs, K. and Schwens, C., 2014. Foreign market entry mode choice of small and medium-sized enterprises: A systematic review and future research agenda.International Business Review,23(6), pp.1109-1126. Mayrah, 2016.MAYRAH | Australian fashion lifestyle designer brand. [online] Mayrah.com.au. Available at: https://www.mayrah.com.au/ [Accessed 19 Aug. 2016]. Mujtaba, B.G. and Cavico, F.J., 2013. Corporate social responsibility and sustainability model for global firms.Journal of Leadership, Accountability and Ethics,10(1), p.58. Paliwoda, S. and Thomas, M., 2013.International marketing. Routledge. Perry-Kessaris, A., 2016.Global Business, Local Law: the Indian legal system as a communal resource in foreign investment relations. Routledge.