In this report will examine how operating in the global marketplace affects an organizations structure, culture and functions. More than that, assess the impact of globalization on the organizations decisionmaking and strategy. This will be analyzed and applied in the globalization process of Japanese automaker Honda when participating in the Vietnamese market in the current context.
ASSIGNMENT FRONT SHEET Qualification BTEC Level HND Diploma in Business Unit number and title Unit 18: Global Business Environment (530) Submission date Date received (1st submission) Re-submission date Date received (2nd submission) Student name Student ID Class Assessor name Student declaration I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism I understand that making a false declaration is a form of malpractice Student’s signature: Grading grid P3 P4 P5 P6 M3 M4 D2 Summative Feedbacks: Resubmission Feedbacks: Grade: Assessor Signature: Internal Verifier’s Comments: Signature & Date: Contents Date: I Introduction II Evaluate how operating in a global market influences an organization's structure, culture and functions 2.1 McKinsey’s 2.2 The most important influence of "S" on Honda automobile industry 2.3 Influencing cultural - governance on Honda automobile industry in the context of globalization.9 2.4 Influence of structure / function on Honda automaker in globalization .10 III Evaluate the influences of ethical and sustainable globalization on organizational functions .11 3.1 Child labor .11 3.2 Human Right 11 3.3 Enviroments 12 3.4 Gender Equality 13 IV Evaluate the different ways decision making can work effectively in a global context 13 4.1 Apply the five elements of the strategy to Honda automobiles 14 V Determine and articulate the various routes to internationalization an organization may adopt, including key barriers 15 5.1 Application of PEST framework to Honda .15 VI Critically evaluate global market influences in application to appropriate theories and models relating to organizational structure and culture 17 VII Critically evaluate the key barriers in doing business internationally and make recommendations on how they can be overcome 18 7.1 Economic risks: .18 7.2 Political risks 20 7.3 Legal risks 21 7.4 Competitive risks 21 VIII References 22 I Introduction In this report will examine how operating in the global marketplace affects an organization's structure, culture and functions More than that, assess the impact of globalization on the organization's decision-making and strategy This will be analyzed and applied in the globalization process of Japanese automaker Honda when participating in the Vietnamese market in the current context II Evaluate how operating in a global market influences an organization's structure, culture and functions 2.1 McKinsey’s Defination Seven variables identified as 'hard' and 'soft' elements are listed in the 7S Model Management quickly recognizes and affects hard elements, while soft elements are fuzzier, more intangible, and business culture influences them As follows, the hard elements are: • Strategy • Structure • Systems The soft elements are as follows: • Shared values • Skills Style • Staff Application in Mottor Honda Company The model is based on the theory that, for an organization to perform well, these seven elements need to be aligned and mutually reinforcing So, the model can be used to help identify what needs to be realigned to improve performance, or to maintain alignment (and performance) during other types of change Whatever the type of change - restructuring, new processes, organizational merger, new systems, change of leadership, and so on - the model can be used to understand how the organizational elements are interrelated, and so ensure that the wider impact of changes made in one area is taken into consideration Honda Motor Company has applied this model to increase the effectiveness of its strategies to reach out to many markets around the world in the process of globalization SKILL The training that the company provides to employees is • Training in place • Training outside of work Training on work • 30 days of referrals are carried out for each and every employee one by one organ • One-year monitoring program of senior officials of various departments Three forms of learning are considered for employees • Personal learning • Group study • Organized learning Training outside of work • The company has facilities to carry out training programs outside the company • Workshop organizer • Group discussion conducted by the organization • HRD department conducts Training of Trainers and Workshop for Students STAFF Staffing is process of acquaint human resources for the organization and assuring that they have the potential contribution to the achievement of the organization goals Honda company generally prefers to have highly qualified and dedicated management professionals in case of staffing process at Narasapura Plant STRATEGY The strategy deals with the determination of the basic purpose and ten basic long-term goals of the Honda automobile business and the natural acceptance of an enterprise and the course application and allocation of necessary resources to Company's goals such as: • Get huge public service • Maximizing service as well as maximizing staff • Increase turns to next year • Facing a cut throughout the competition • Adopt sophisticated technology through cost reduction and heavy workforce • Maintain good organizational ethics and culture • Serving customers as well as retaining customers STRUCTURE Structure is usually a hierarchical arrangement of the rights, communications, rights, and duties of an organization The organizational structure defines how the roles, powers and responsibilities are assigned, controlled, and coordinated, as well as how information flows between the different levels of management within the Honda automobile company Structure depends on the goals and strategies of the organization In a centralized structure, the top layer of management has most of the decision-making power and has strict control over departments and divisions In a decentralized structure, decision-making power is allocated and departments and divisions can have varying degrees of independence A company like Honda that sells multiple products can organize their structure so that groups are divided by each of its manufactured products and by geographic area, to distribute product line trends to places with high demand SYSTEM Organization is described as a system used to convert input into output At the heart of this transition is the technical core, at the heart of the organization's production process or service In a Honda automobile company today, the technical core includes automobile factories Core technical inputs include goods and services provided to customers and customers Operational strategy and feedback control shape the output quality and efficiency of operations within the technical core of Honda Motor Company with the slogan of providing the best customer experience In Honda company the following major systems are using : • MIS system • Billing system • Purchase system • Recruitment system • Procurement system • Showrooms systems • Bonus system SHARED VALUES The organization's shared values can be described as the full range of shared norms, attitudes and cultures of those working within the organization Values are things that you will save even if they are not profitable The following values of Honda automaker are that customer satisfaction is a dear value to Honda Motors, high attention to quality, safety and working environment, and the subsidized service cafeteria common to all and to maintain an organization of capable and committed employees and provide growth and growth opportunities STYLE Style refers to the employee's shared and shared way of thinking and behavior Honda's management sets goals for wire and functional specialists and provides clear processes and rules for decisionmaking Managers are the central resource that executes decisions under the guidance of Honda auto company's headquarters The heads of the departments that make up the management board are headed by the directors The Commission develops strategic plans and policies to take the business to develop and evaluate the implementation of Honda automaker's annual plans to compete directly with other brands in the globalization landscape 2.2 The most important influence of "S" on Honda automobile industry The McKinsey 7-S model, which can be applied in a variety of situations at Honda, is a great place to understand how different parts of the organization work together It can be used as a tool to make future corporate strategy decisions But the "S" is the most important in the success and development of Honda automobile company in the period of new economic integration in the period of globalization, the "Strategy" plays a very important role in the of this company Because "Strategy" is a plan implemented by Honda automaker to maintain competitiveness in the industry and the market of the automobile industry that is increasingly highly competitive today The ideal approach is to establish a long-term strategy that aligns with the other elements of the model and clearly communicates what Honda automaker's long-term and short-term goals are to deliver benefits Great reputation for customers and bring value to the company 2.3 Influencing cultural - governance on Honda automobile industry in the context of globalization Because the influence of global cultural governance has affected many industries In particular, the implementation of McKinsey's models such as "Strategy", "System", "Skills" and "Staff" have had a lot of influence on Honda carmaker's cultural management Therefore, the expression of corporate culture in Honda Vietnam is changed and reflected in many aspects such as: in Honda Vietnam's products (safe, fuel-saving and eco-protective products high school ), in charitable activities, support, other social activities, in the way of doing business, in the behavior of the company's employees to customers Apply advanced technology in the security system environmental protection, products with the ability to protect the environment and save fuel Environmental protection activities of Honda Vietnam are conducted synchronously and comprehensively in two main aspects: the environment inside the factory and the outside environment With the factory environment, Honda Vietnam focuses on building a green factory and strives to become a leading company in environmental protection With the external environment, Honda Vietnam cares about common social issues to promptly develop and change accordingly 2.4 Influence of structure / function on Honda automaker in globalization Structure is typically a bureaucratic structure of an organization's rights, correspondence, rights and duties The organizational framework determines how the functions, powers and duties are delegated, regulated, and organized, as well as how knowledge spreads within the Honda car company across the various management levels The arrangement relies on the organization's priorities and plans The top tier of management holds much of the decision-making authority in a centralized system and has strict oversight over departments and branches Decision-making authority is allocated within a decentralized system and agencies and units may have different degrees of freedom A organization such as Honda that offers several products will organise its framework to segment groups by each of its produced products and by geographic region to disperse developments in the product line to high demand areas III Evaluate the influences of ethical and sustainable globalization on organizational functions The Ethical Globalization Initiative that directs seeks to integrate human rights norms and standards into a more ethical globalization process and to support local and national human rights capacity building Sustainable globalization marks a milestone and a profound shift in how people in the 21st century view doing business in a global environment It moves from a zero-sum, greedy, win-lose mentality to one that takes full account of the short and long-term effects of people's decisions on the broader environment that people are part of, acknowledges and honors our use of precious natural resources, displays respect for all people on the planet, helps local societies to establish the best possible future for themselves.(Axelrod et al., 2008) 3.1 Child labor In Honda Motor Company Corporate Responsibility Statement, Honda Motor Co., Inc and its subsidiaries (collectively "Honda") are committed to being the company society wants to survive An important part of this commitment is the way the company treats its associates and the way its suppliers, suppliers, and business partners treat their employees This policy outlines the efforts Honda is making to eliminate human trafficking, slavery, forced labor and child labor from its global supply chain This Policy is designed to comply with and support compliance with the requirements of Federal Acquisition Regulation 52.222-50 and all other applicable laws and regulations This policy applies to Honda, associates, agents, contractors / suppliers, subcontractors, suppliers (and their employees) when acting within the scope of their job or contract with Honda's motobike Honda will not tolerate and will not tolerate the use of slave labor, forced, involuntary or forced labor, child labor, human trafficking or sex trafficking by any associates any agency, subcontractor or supplier to operate or support our business or sell and distribute our products 3.2 Human Right As Honda automobile company in Vietnam propagates and advocates to raise awareness for employees and employers about the provisions of the labor law and trade union, the role of trade unions in enterprises; organize movements to bring practical benefits to employees, at the same time contribute to sustainable business development; direct the building of a contingent of quality grassroots trade union officials; renewing the content and form of operation in an effective and practical direction Accordingly, the Company has built a human resource management policy, based on Honda's philosophy: "Respect for people - Three joys" with the spirit of autonomy, equality and trust; At the same time, well implemented policies for employees such as: Labor contracts, insurance regimes, standardized salary, bonus, etc Trade Union The Company regularly coordinates with experts The subject creates a harmonious and stable working environment, ensuring benefits for employees The company negotiated and signed favorable terms for employees, such as: One working day reduction per year, housing allowance, human resource development policy, dormitory building, and center Sports culture, buying risk insurance for employees, selling motorbikes and cars with longterm payments, guarantee for bank loans, savings accounts, and allowances (special allowances need, health allowance, child-rearing allowance ); promulgating the regulation of periodic information exchange 3.3 Enviroments As a responsible member of important social issues such as environmental protection, Honda, through all manufacturing activities, commits to always actively contribute to the protection of human health and conservation of the global environment, making strong efforts to achieve the goal of maintaining the forefront of its operations In 1992 Honda released the Environment Statement; Accordingly, all members make their best efforts to make the daily activities achieve the following commitments: • Make an effort to recycle the materials, save resources and energy in each stage of each stage of research, development, sales, service and goods disposal • Make every effort to minimize waste and appropriately dispose of the types of waste and pollutants generated during each life stage of the goods • As a business member, as well as a member of society, Honda Vietnam recognizes that efforts to protect human health and the global environment are important and we will actively take action to so • Honda Vietnam is aware of the impact of the company's activities, from its inception, on the health, the environment and human society on the relevant areas and will endeavor to receive appreciation from the social side The Honda Environment Statement provides direction for global Honda employees in implementing environmental protection in their operations This statement has now extended worldwide With that sound statement, Honda actively promotes manufacturing activities that can contribute to the protection of the global environment, including the human and land is the top priority In 2010, Honda Vietnam and Honda Auto dealers strengthened environmental protection activities by following ISO 14001 at dealers: Standardizing daily operations; Review, check and evaluate the management of each stage, department; And, implement innovative measures to improve production efficiency while contributing to the protection of the living environment 3.4 Gender Equality Recognize and respect individual differences in each person and treat each other fairly Honda Motor Company follows this principle and provides equal opportunity for every individual Individual opportunities not depend on race, sex, age, religion, national origin, nationality, education, economic or social status IV Evaluate the different ways decision making can work effectively in a global context "Business strategy is the creation of a unique and valuable position by implementing a system of activities that are different from those of the competition." When it comes to strategy, people often refer to the corporate mission and vision In fact, the corporate mission and vision, although always included as part of the strategy, not provide a clear direction for the company's operations Business strategy should have other factors that help give a clear operating direction for the business Arenas are places that would be involved in a business Decisions on a company's arenas which include its products, services, networks of distribution, consumer divisions, geographical areas, innovations and even phases of the value creating process A differentiator is a characteristic of your firm that separates you from key competitors and gives you a perceived advantage in the eyes of your target audience The means of engaging in targeted arenas are vehicles A company that wishes to go multinational, for example, will so in various ways Walmart has opened new stores and expanded organically through a recent push to reach some overseas markets (e.g., Argentina), ensuring that it built all the stores internally as opposed to purchasing stores already based in the countries it chose to enter Elsewhere (namely in England and Germany), Walmart has purchased established stores and is in the process of passing to the acquired businesses its distinctive way of doing business Similarly, a business that wants a new technology might develop it by investing in research and development (R&D) Staging refers to the pacing and speed of strategic movements, or their velocity Usually, staging decisions represent available resources, including finance, human capital, and expertise There are several considerations that can guide staging decisions: money, urgency, prestige, and the need for early wins Since few organizations have the money to all they wish to instantly, they typically have to balance prospects with the resources available Economic logic applies to how the company will make a profit, i.e how the company will produce beneficial profits above its capital costs For benefit development, economic rationality is the "fulcrum" Of necessity, earning normal income allows a company to cover all the costs of fixed, contingent, and funding The achievement of desired returns over the capital expense of the enterprise is a high order for any organisation Think of both expenditures and profits when examining the economic logic of a company 4.1 Apply the five elements of the strategy to Honda automobiles Arenas: Honda partners in Vietnam with retailers around the country to ensure quick access to the market This would make it possible for Honda to indirectly meet consumers but also have the data and thought of customers to easily get to know their customers through private retailers Differentiators: In Vietnam, the main difference that makes Honda powerful is that they pay more attention to car goods with average prices depending on the income of people In order to attract and inspire customers, Honda focuses on producing full-featured motorcycle models and innovative technologies at affordable prices, but with prices compatible with per capita income Apart from the opportunity to help reach clients than most brands Vehicles: The parent company of Honda in Japan has been and continues to construct assembly and machinery manufacturing plants in Southeast Asia and Vietnam to provide comfortable traffic for the supply of parts and equipment Honda can help to remain involved in market research and development (R&D) by proactively designing and improving replacement parts and products Staging: Honda plans to rely more on product creation and orientation in order to be able to operate in the Vietnamese market for a long time Retailers and distributors can learn how Honda developers run in the Japanese parent company to understand how to improve their own products through marketing and promotional campaigns as well as sales Economic Logic: Honda finds that tax policies and goods have a strong special consumption tax in the Vietnam market, so Honda still supports production and growth right from the distribution of products to the distribution of products, products ranging from parent corporations to affiliates in many countries V Determine and articulate the various routes to internationalization an organization may adopt, including key barriers 5.1 Application of PEST framework to Honda Political Factors : Honda has activities in different countries around the world In the governments of the different nations, the rationale for both its development and constraints encountered It is important to track and regulate the different political pressures which affect the interests of the organization While Honda does not have its own lobbyist committee for internal political groups, it exhibits a certain degree of control over certain governments Vietnam has comparatively high tax policies on the particular consumption of automotive goods With countries pushing towards a sustainable atmosphere and reducing pollution, various policymakers across the globe have taken varying actions to limit the usage of individual cars Economic Factors : In different regions of the globe, the various types of cars produced by the organization are regarded differently It could dominate the economic market if Honda treads with a smart strategy The increase in oil prices globally has put the gasoline vehicle industry at risk Soon its consumption will decrease, taking back some large automobiles in rogh market Honda's hybrid technology provides an edge While Honda will face the lack of revenue from petrol-consuming cars, it will certainly shine with its hybrid technologies Social Factors : To hold social dynamics and demographics in its favour, Honda has invested a lot In order to lure clients who choose local brands over Honda, such as the Vietnamese, it has manufactured ecofriendly vehicles Honda is spreading the organization around the world and prioritizing the universal language of English Honda is designing vehicles that can be quickly configured according to consumer requirements as the market for customized cars is growing Over the years of its life, this value to customers has been represented by the organization Different social stigmas have been abolished, providing new opportunities for the organisation In Vietnam, Honda has concentrated on the pattern of using vehicles Technological Factors : Day by day, with the world becoming more sophisticated, Honda has made tremendous strides to keep up with evolving trends GPS was built by the company in the most recent models Fresh iv technology has been developed, which is an improved version of its v-tech engines This will help the business make a commitment to reducing the ambient volume of emissions Car engines tend to behave in compliance with the atmosphere They tend to heat up easily in hot weather and tend to face challenge when starting in cold weather Through manufacturing numerous types of engines tailored to the climate of that region, Honda has effectively offered a solution to this dilemma Honda now wants solutions to solve the issues and regulations at the border relating to taxes and freight costs Vietnam has a very high tax on special luxury goods such as cars, so it would be a smart idea for Honda if it were possible to suggest a method for setting up a factory for the manufacturing of spare parts and an assembly plant in Vietnam This will help Honda reduce tax risks and could impact the import and export process in Vietnam due to the change in policy Around the same time, Honda will partner with suppliers and suppliers to better supply buyers with Honda products and reduce the pressure of demand conditions, concentrating more on producing and packaging products VI Critically evaluate global market influences in application to appropriate theories and models relating to organizational structure and culture Honda is a multinational business working in the Vietnamese market, so Vietnamese cultural influences inherently affect it Every particular operation of Honda is directly influenced by Vietnamese cultural influences, such as product range, price and product quality, recruiting policy and staff preparation, participation and public relations practices, such as social responsibility and social donations The first aesthetic element was considered by Honda while entering the Vietnamese market The market has risen, however it is in the short term, in the long term there is a need for a wellestablished strategy According to Mr Toru Kinoshita - VAMA President, along with the development of the economy, Vietnam will soon enter the stage of car socialization with the rapid growth of the individual customer segment Therefore, from now on, car manufacturers need to make efforts to diversify products and improve quality to meet the increasing expectations of customers Along with that, businesses must improve service quality to give customers the most enjoyable experience when owning a car In 2016, regulations on mechanisms and policies to implement the Vietnam Automobile Industry Development Strategy were approved By the end of 2017, the Decree regulates the conditions for the manufacture, assembly, import and business of automobile warranty and maintenance services with the view that "the automobile industry is an important driving force of the career industrialization and modernization should be encouraged to develop with stable, consistent and long-term policies " At the end of May 2018, the plan to restructure the industry in the period of 2018 - 2020, with a view to 2025, was also approved In particular, the Government encourages large enterprises to invest in the development of the automobile industry on an equal basis, regardless of domestic enterprises and foreign-invested enterprises Automobile manufacturers and assemblers need to pay attention to investing in research and development and supporting industries, and deeply participate in the global value chain VII Critically evaluate the key barriers in doing business internationally and make recommendations on how they can be overcome Risks from environmental effects Companies must take account of the environmental implications of their corporate climate when engaging in ventures Changing the atmosphere could present a danger to the organization Below are some of the categories of threats that have an environmental effect on the company climate 7.1 Economic risks: The global crisis would limit company revenues: • Macroeconomic uncertainty is quickly triggered by deficits in the government budget • Monitor price, ceiling interest rate, trade cap • Insolvency due to unsustainable short-term debt due to savings of foreign exchange • Compared with GDP, the international debt ratio is too high • Compared to GDP, the current asset balance gap is far too high • Government responsibility for preserving and raising the quality of life in the country by public interest priorities and policies The project manager has to avoid these threats in order to creation in Vietnam of marketing strategies and development strategies: - Promotional strategy: + Variety of markets: Honda Corporation has to segment the market Cities: high-income market, concentrating on consumers living in major cities such as Hanoi, Hai Phong, Ho Chi Minh City, Agricultural zones and low-income markets are towns As such, the company will escape the challenges posed by personal profits + Product strategy: The organization has to have a product structure from the above market segmentation that is suitable for these geographic regions Fashion goods can be made in urban areas to lure buyers, whilst the company should sell models in rural areas that can also be a means of transport but also promote the freight issue + Pricing policy: The organisation has to build a price strategy Appropriate for retaining market share when dealing with goods of the same nature but at low costs, in particular those imports from China The evolution of the pricing plan specifically takes low-cost cars into account + Promotion strategy: It is also a topic of rivalry to preserve The organization raised incentives such as repair discounts, membership in dial-up programs, etc for consumer upkeep, Nationwide by its officers - Plan for Manufacturing: The business must the following, as mentioned above, in order to be able to devise a pricing plan to retain market share: + Diversifying commodities means having a costly vehicle as well as a cheap one + Diversify raw material sources: In order to cope with the monetary discount scheme, the organization has to aggressively import materials from overseas and therefore rapidly localize goods to cut costs 7.2 Political risks Political risk is defined as government policy Applying that limits investors' business opportunities More specifically are the possibilities that government agencies can make about a change in a country's business environment that affects the bottom line and other goals of the company doing business Common types of political risks: + Tax: It is a change in tax policy that changes income as well as the competitiveness of the business + Quota, tariffs or other trade restrictions + Labor recruitment policy: changes and regulations on labor management and recruitment such as changes in minimum wage regulations, female employees, foreign labor restriction + Control foreign exchange / currency that is not convertible + Interest rate: The Government can propose many measures to use interest rates to manage and control inflation + License / Monopoly: Sponsorship or sponsorship of an industry certain development rights, + Environment / health and safety: Regulations related waste control, production processes to protect public health + Nationalization and expropriation In the Vietnamese climate, Honda Vietnam company doing business can be impacted by several quickly adjusted policies such as income tax, part import tax, regulation Localization or prohibition of car production in areas of high population density where there is restricted transport infrastructure, etc The corporation has partnered with other firms in order to mitigate these threats Global investment firms want the Vietnamese government, while also consulting with Vietnamese legislators, to strengthen the investment climate In addition, the Company has diversified its products in its business plan to counter them Constant legislative modifications, Another risk management mechanism in Vietnam is that, with the capital contribution of Vietnamese investors, the group has set up a range of spare parts and component suppliers so that the expropriated property can be reduced 7.3 Legal risks Legal risks often lead to prolonged customary disputes can affect the business operations of the business Legal risks often originate from: + Due to the change of the host country's law on business: regulations about the environment, about labor, about brand + Caused by lack of knowledge about legal in general or about signing economic contracts The issue of legal risk avoidance for Honda Vietnam Company focuses on retaining the trademark since Honda Vietnam is currently in dispute over the design of some motorcycles by companies overseas, especially Chinese-made motorcycles The business must take advantage of the safety of government agencies such as the Department of Industrial Property, security agencies, in order to escape this risk To discourage models from counterfeiting 7.4 Competitive risks Competition threats may occur as a result of changes in market demand or an increase in the number and scale of undertakings in the same industry, thus creating competitive pressure within the sector The higher the level of competition within the industry, the greater the probability of purchasing an enterprise in the market Competition risk can occur when any of the following errors are faced by the company: + Lack of knowledge about the shared goods and innovations of rivals + The organization has not come up with a plan for capacity building that competes in the industry + Since corporations not expect unfair competition from a rival or from imitation products It should be said that when engaging in the international economic integration process, competitiveness threats are more likely to happen to companies In order to escape the challenges faced by competition, the Board of Directors of the Honda Vietnam Group understands that the Company must continually improve efficiency, improve technologies and launch a range of car designs in order to succeed on the market New computers, study initiatives to mitigate air emissions, to have motors that use less gasoline To this, however, Honda Vietnam will only gain funding from the company's other businesses around the world To - the possibility of competition, the crucial thing is to lower the prices The Organization has implemented a plan to decrease costs by commodity localization Currently, the Honda brand is preferred by Vietnamese buyers in the Vietnamese industry, but in order to stay competitive, the corporation must concentrate on perfecting its dealership system nationally And multiple helpful client programs VIII References 2020 [online] Available at: [Accessed 21 December 2020] Xemtailieu.com 2020 Văn Hố Kinh Doanh Của Cơng Ty Honda Việt Nam - | XEMTAILIEU [online] Available at: [Accessed 21 December 2020] Honda Corporate Social Responsibility 2020 The Honda Policy Against Human Trafficking | Honda Corporate Social Responsibility [online] Available at: [Accessed 21 December 2020] Moit.gov.vn 2020 CĐ Công Ty Honda VN: Tăng Cường Xây Dựng Mối Quan Hệ Lao Động Hài Hòa [online] Available at: [Accessed 21 December 2020] Vca.net.vn 2020 Honda Việt Nam Tích Cực Góp Phần Bảo Vệ Mơi Trường – Tổ Chức Chứng Nhận VCA [online] Available at: [Accessed 21 December Saylordotorg.github.io Available 2020 The 2020].https://consulting.ocd.vn/chien-luoc-kinh-doanh-la-gi/ Five Elements Of Strategy [online] at: [Accessed 21 December 2020] TapChiTaiChinh 2020 Chiến Lược Dài Hơi Nào Cho Ngành Cơng Nghiệp Ơ Tơ Việt Nam? [online] Available at: [Accessed 21 December 2020] Xemtailieu.com 2020 Rủi Ro Do Môi Trường Tác Động Vào Hoạt Động Kinh Doanh Và Quản Trị Những Rủi Ro Đối Với Hoạt Động Của Công Ty Sản Xuất Xe Máy Honda Việt Nam - | XEMTAILIEU [online] Available at: [Accessed 21 December 2020] ... client programs VIII References 20 20 [online] Available at: [Accessed 21 December 20 20] Xemtailieu.com 20 20 Văn Hoá Kinh Doanh Của Công Ty... consistent and long-term policies " At the end of May 20 18, the plan to restructure the industry in the period of 20 18 - 20 20, with a view to 20 25, was also approved In particular, the Government... risks: .18 7 .2 Political risks 20 7.3 Legal risks 21 7.4 Competitive risks 21 VIII References 22 I Introduction In this