The Tools And Skills Used By Managers Functioning

International marketing or business is uniquely different from the local market because the product price, place and promotion is vastly different from what is been offered to local customers (Johansson, 2000) With the emergence of the information technology, cross border marketing has never been a distant dream. However, it has never been easier even for giant multinational companies to face challenges that come in international business. The biggest challenge comes from the culture which varies from country to country.

As organizations all over the world continue to expand, it is important to understand how some of those changes will affect our small companies or large businesses. Every single one of us has have grown up differently in some sort of way, and while we all have different backgrounds, most of us that grow up in the same general region have the same type of knowledge of the world around us as a whole. It is important to remember that while we have some type of knowledge of this, it isn’t the same as really understanding a different culture and how Globalization plays such a huge role.

Challenge of Globalization W. L. GORE & ASSOCIATE had been expending their business in more than 30 over country; there are Asia Pacific, Europe and the Middle East, Central America, North America and South America, leading manufacturer of thousands of advanced technology products for the electronics, industrial, fabrics and medical markets. With the employees of 9.500 people around the world, managing the people also bring along the trouble as well. With the diversity of culture, people, background, language and norms, challenges and problems occur within the company and beyond the boundaries of the company. This is the major problems that will occur when a company goes global and expanding to the world. This challenge of globalization

Criterion, the New Zealand created assemble-your-own furniture company experienced great success, not only globally but also domestically, expanding their market to US, Singapore, Guam, Hong Kong and the Philippines, as well as they’re home markets New Zealand and Australia. Many factors needed to consider when expanding a market overseas. Barriers like religion can alter the way companies operate to suit their employees. Globalisation, Communication, Working in teams, leadership and motivation have been analysed and related to Criterion from their success with international markets.

Globalization of business has had a large impact on the field of management. Those seeking management roles in large, multinational corporations must have a different set of skills than in previous generations. In his article “Globalization on the Homefront”, Harold Torrence (n.d.) wrote, “As a direct result [of globalization], management teams are racing to develop the skills and competencies needed to comprehend and appreciate an onslaught of values, assumptions, beliefs and traditions that are fundamentally different from their own.”

Moreover, Yip, Loewe, & Yoshino (1988) caution that before managers embark on globalizing all or part of their business they first need to determine if the business can or should be globalized. Factors within the companies industry such as economic, environmental, competitive, and market forces must be analyzed. For example, market forces determine if customers will be receptive to a company’s product; economic forces determine the profitability of the product; managers must be aware of the implications associated with environmental requirements such as taxes,

Globalisation allows individuals, groups, corporations, and countries to reach around the world farther, faster, more deeply, and more cheaply than ever before. Most large local companies regard globalisation as opportunity, thereby exploring overseas markets for maximum market share and optimum business strategies. However, managers would face a series of challenges caused by leadership models, cultural backgrounds, political and economic risks, HR management, etc. To study multinational management skills is very useful for my future career. In this essay, I will set goals for this subject, identify the skills I have honed and need to improve, and explain my strategies for achieving goals.

Organization wants to achieve the objectives of sustained growth and increased profitability, organization must constant innovation its product or service, also need to carry out some plans to expand its business to enable an organization to have a better development. Organization expands its business cannot be confined to the domestic market must also move abroad, which effectively allows an organization closer to the global market and broadening the scope of business and profitability. However, business expansion is not as easy in this global environment, globalization has not only changed the enterprise competitive landscape also influence the way leaders conduct business (Caligiuri, 2006). Furthermore, with globalization, global leadership in terms of cultural knowledge needed to become more acute and require more advanced level of cognitive ability on the complexity of managing the demand of multiple cultures while completing managerial tasks (Caligiuri, 2006, Grosse, 2011). Therefore, the development of global management skills is very important for the global organizations and managers. Only effective in developing global management skills can help the organization reduce the risk of international business

With the rapid and dynamic changes taking place around the globe, the need for global managers emphasize on, not just managerial requisite of knowledge and skills but on the broader and unexpected trends and opportunities to achieve individual and organizational goals (Kedia and Mukherji 1999). The success of a company is dependent on exploring opportunities and challenges by observing and interpreting intelligent factors in which the world operates. Using these intelligent factors as a key ingredient creates a Global Mindset (Gupta and Govindarajan 2002). Global Mindset has emerged as a long-term competitive advantage in the global market since a growing number of academics view global mindset as a success factor for obtaining organizational objectives (Murtha, Lenway and Bagozzi 1998). As business shift from

The advent of social networking and other media has transformed the way citizens interact and how businesses market, promote, and distribute their products globally. The same can be said for mass collaboration efforts occurring through digital, online technology for the development of new and innovative systems, products, and ideas. Both social networking and mass collaboration bring new power and influence to individuals across borders and transform the nature of their relationships with global organizations. As in the past, these developments underscore and reinforce the importance of understanding different cultures, national systems, and corporate management practices around the world. Students and managers now recognize that all business is global and that the world is now interconnected not only geographically but also electronically and psychologically; it is hard to imagine any business or nonbusiness organization that is not directly affected by globalization. Yet, as cultural, political, and economic differences persist, savvy international managers must be able to develop a global mindset in order to effectively adjust, adapt, and navigate the changing landscape they face on a day-to-day basis. In this new eighth edition of International Management, we have taken care to retain the

Managing a global business with offices in several countries requires excellent cross cultural management skills. The technological development of laptops, mobile phones and internet accessibility has made it near impossible to only interact with people from one culture; in fact it allows many to do business in various areas of the globe, interact and communicate with managers and employees in international offices, and develop a relationship with others through several behavioural etiquette recommendations. The topic of culture has been widely discussed in a variety of instances, and the idea of developing a ‘cultural identity’ for either an individual or a business can be a scary thought, however if accurate research into other cultures and behaviours is completed, organisations and employees should be able to develop empathy and self-confidence. The term ‘culture’ has been defined time and time again and has been vastly overused; however a solid definition has been created by Geert Hofstede, “Culture is the collective programming of the mind distinguishing the members of one group or category of people from others”. (Pieper, 1990) Working in teams of international origin can be rather difficult. The concept of a ‘team’ is usually defined as a number of people working together to achieve a common purpose and be jointly responsible for the work they do, including those working both inside and outside the organisation. (Browaeys et al 2011) Developing

The world offers significant business opportunities for every company, however, opportunities are accompanied by significant challenges for managers. Managing global operations across diverse cultures and markets represents a big challenge and opportunity for companies. To compete in the global market and be successful, companies must learn the strategies, policies, norms and technology necessary to conduct international business. The opportunities for global expansion are numerous, and attaining success is a matter of developing the right strategy to win local markets and its consumers.

The Rapid Change of International Business is international transactions that have substantial operations in more than one country. International exposure and experience allow companies to build a brand in other markets, cultures, and customs. The globalization of International Business are direct investments to export and import goods, foreign, domestic control and to advance competition with other companies. International business gives employees opportunities to broaden their horizons to consider learning the business from a foreign point of view through technology, cost, and political resources from a foreign point of view (Bethel, 2011).

In general there are three different types of managers, first line managers, middle managers and top managers. Each of the three managers has different specific ability required. This essay focuses on top-level managers and what are the skills necessary for top-level manager or Chief Executive Officers (CEOs). This thesis will also identifies the three types of managerial skill and compares Katz theory of Managerial Skills with Minzberg theory of Managerial Roles. Chief executives officers (CEOs) are certainly responsible enough for their position in the firm.

the skill sets and aptitudes to manage in global organizations. These skills include the culture, the