Personal Reflective and Goal Setting Strategies

Globalisation has been defined as “the processes rendering the world as a whole as a single place” (Robertson, 1990, p.19). With three main developments included trade, foreign direct investment (FDI) and the international transfer of knowledge and technology, it promotes the increase of Multinational Corporation (MNC), especially in US, East and South-East Asian and Western European (Kleinert, 2011). MNCs can be seen as the dominators of world trade as a consequence of sufficient global resources and operations (Clegg et al. 2011). However, managers of such MNCs are required to have sophisticated control skills

Aristotle identified the final cause as one of the as change happening as the result of a defined purpose or end goal. The idea being that purpose or an end result is a catalyst for change. Dr. Edwin Locke worked closely with Dr. Gary Latham for many years researching the theory of goal setting. It is their joint research that identified the following five principles of effective goal setting which are clarity, challenge, commitment, and feedback and task complexity.

Multinational companies are playing something new and introduced a new role in local and globalization, thus, the rising numbers to achieve and strive from emerging companies in world market. It also defines to accomplish goals in organisational, local, and international management, thus, to be able to success the weakness and strength of the company must recognize to determine their capabilities before the management can proceed to international. It is very important for the multinational companies to increase the product life cycle for growing capabilities and to expand from domestic to globalization. However, many of multinational companies will be facing different dilemmas and obstacles towards to international market. Additionally, many countries have different approach towards to business market. In fact, when domestic company moving to global economy they need to involve in organizational learning and adjust to cooperate well with people and market.

The country managers of a multinational corporation 's (MNC) is usually a local national, also they do not have effective connection with their employees. It is routinely responsible for the functioning of the company 's managers in their branch. Moreover, the local leaders have strategically considerable tasks, such as management of a number of staff and the accomplishment of the income and profitability aims of the subsidiary (Schmid and Kretschmer 2010). However, managers of different nationalities in local branch, it is possible to take advantage of previous

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In the last decades, small national companies have grown in amazing scale all around the world. Companies that once were family owned have become huge multinational corporations. Corporations, which by the side of globalization, have expanded all around the world. International business has become one of the most important areas of business due to the need for companies to expand to markets outside their borders. Companies have had the need to adapt to another cultures and business systems. At the same time the way human resource management works has changed. Multinational corporations have had to adapt to new human resource requirements in order to be more effective and efficient. The business

Between 1979 and 1985, management of HIS Department implemented five specific goals. . These goals simplify the culture of goal setting in this organization. One reason behind the success of HIS Department is the regular adaptation to change in work ethics. In other words, HIS Department engages in job redesign to meet the needs of clients and employees. Besides the goal setting culture in HIS Department, other factor affects work; these factors include department-specific or industry wide, and technology. However, in HIS Department, setting and implementing goal is a norm that employee proud themselves with. First, “goal setting involves establishing specific, measurable, achievable, realistic, and time-targeted goals”. Fiitjeegoal.com. The principle of goal setting applied in this case of how the management of HIS Department always has a culture of planning to meet specific needs and goal. Another way goal setting is applied is re-engineering, restructuring, work re-design and job re-design to meet employee satisfaction. So it is obvious that the principles of goal setting are applied in this organization and implementation of goal is in constant review. Moreover, management of HIS Department is always in readiness to assess the effect of the sector-wide of the daily activities and schedule of their employee. According to goal

The importance of international manager is very important specially in the case of business contexts within the firm. For example, managers from a foreign parent company need to understand that local employees from the host country may require different organization structure and HRM procedures and this become easily for firms to sell their product and marketing their product successfully to their foreign customers.

Due to the globalisation is developing rapidly worldwide, doing business effectively is the best way to ensure the economic’s growth as well as to gain more reputation for the organisation. In global expansion strategy, a multinational corporation (MNC) is considered as the most powerful acceleration for administrators. Acknowledging the advantages of MNC, many businesses started to invest in developing countries to target the cost-benefits and broaden their scope of activities. This leads to the unexpected rise of MNC in recent years. However, managing a multinational corporation in another country is not a simple issue because the world is changing day by day and the success of each firm is based on both internal and

Globalisation has resulted in an ever-increasing cross-border international business activity. As further research by UNCTAD (2005), there are more than 65,000 multinational corporations with over 850,000 corresponding foreign subsidiaries scattered around the world. The Multinational Corporates (MNCs) will send the employees, which are suitable as expatriates to the subsidiary. According to Edstrom and Galbraith (1977), they proposed three general company motives for making this type of transfer, which are fill the position, management development and organization development. Expatriates will transfer technical and managerial knowledge to the subsidiaries. At the meantime, the expatriates will gain better understanding or international

Economic liberalization in the world has led to the expansion of many business organizations on a global scale. This global economy has in turn increased the number of cross-cultural interactions among various multinational companies. Globalization refers to a process which deals in developing relatively standardized products with global appeals, as well as rationalizing operations throughout the world (Barto and Martin, 1998). To achieve these objectives, organizations require sending their selected representatives for overseas assignments to keep a check on the standards of their products and services abroad. Human resource experts all over the world agree that it is essential for any Multinational Company (MNC) to select, train, develop and retain employees who can work and live efficiently beyond their national boundary (Caligiuri, 2000).

INTRODUCTION: Enlarged competition and relaxed economic restrictions have given rise to the development of the force of globalisation, which subsequently have led to multinational companies and managers. In 2000, the global trade in exports and imports extended 25% of the world GDP (Govindrajan & Gupta 2000). The rise of globalisation speculates a number of imperative tests to business seeking international incidence, more notably, to these business’s global managers to successfully help achieve this presence. Numerous strategic facets must be measured prior to commitment at an international level, and afterwards. Continuous flexibility is essential in order to adapt to the fluctuating patterns at local, regional and international

Almost all businesses aim to brunch out of their home environment into the global market. Multinational management has become very popular with the modern society because of globalization and expansion of businesses. For a business to expand into other countries, there are certain factors they need to take into consideration to ensure they are able to operate successfully.

This essay is about the impact of management on the globalization of business. The impact of management will be on the following management topics: the multinational corporation; culture shock experienced by managers who work abroad; fair trade issues; ethical issues faced by managers in dealing with international business; the difference managerial styles in selected countries (for example Japan vs. the U.S. or Saudi Arabia vs. the U.S.); and the managerial culture of a selected country.

This report examines and evaluates various topics concerning the difficulty of international staffing. We aim to provide a holistic guideline and report that can aid and assist Proton in their staffing selection of selecting either a Malaysian expatriate or a Chinese local to be operations manager for Proton’s new factory in China.