“Successful international business strategy requires a thorough understanding of the unique values that will be a source of competition advantage to the firm.” a. As an international business manager, identify Michael Porters five forces of competition and explain how each of them will be of relevance for foreign business. (10 marks) b. Explain why Porters strategy framework may fail to adequately address the dynamics of 21st century. (10 marks)

All managers conducting business outside their home countries must carefully study the government structure in the target countries and analyze the salient issues arising from the political environment.
a. Define political risk and explain why its analysis is of utmost importance to firms operating in a foreign market. (12 marks)
b. Describe the legal aspects governing international business clearly outlining their implications across borders.(8 marks)

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