2. What are some positives and negatives of globalization? A.- Globalization is an idea that involves the disappearance of the border for business purpose. Within this concept, interact three elements: the rise of a global village, a unique global market, and the growing of a special group of company. Globalization brings the interaction of the world’s economy with each other in order to create a huge market instead of many national markets. As we know, nothing interesting is ever completely one-sided. In one hand, in the positive side, with globalization, several electronic devices have been created, and as a consequence, the communication, measured in time and space, were severely improved. In addition, it builds worldwide markets …show more content…
3. What are the principal reasons for learning about international management? A.- Globalization brings the challenge to managers of dealing with operations that could be located in many places around of the world, even more in more than one at the same time. Managers need to be prepared to deal with foreign customers, partners, employees or suppliers. Knowledge about cultural aspects, technological or legal barriers, methods used to buy or sell in a specific country are a few examples of the kind of skills required in the global economy. Time ago, this knowledge could be preferable, but nowadays it is mandatory. 4. How do ethnocentric, polycentric, and geocentric managers differ? A.- As an international manager, you need to deal with workers, companies, employees, partners, and suppliers that could be around the world. In the selection process, managers have different points of views based on the geographic localization of the element. Based on this, they could be classified as ethnocentric, polycentric, and geocentric managers. An ethnocentric manager believes that its culture, language, and behavior are superior to all others. They believe that they can export the methods and practices of their home countries to any place. The polycentric managers think in opposite way than the ethnocentric. They take the view that native managers in the
Management, and the ability to lead and cultivate a team of individuals who strive to meet targets, work hard, and have loyalty to their company is an extremely difficult task by any standards. It requires a unique kind of person who is both demanding and rewarding, who can handle confrontation and who holds people to reasonable standards while encouraging teamwork and cooperation. This alone makes running a company, and finding upper and middle managers to facilitate plans and goals a worthy task, but with the advent of fast paced globalization, companies are now having to handle not only their internal management styles, but the management styles of a variety of different countries and cultures.
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
12) Managers with a parochial view of the world tend to see things from the point of view of a foreign culture.
It is a more complex job for managers to operate a company based on the global business environment, but it can be also treat as a challenging for them, because it is a more open environment – organisations are free to buy goods and services from all over the world easily and convenient. The following paragraph will discuss how Myer managers operate the company in the global environment in 3 specific area, supplier, customer and competitor.
In this report, I will include research on cultural groups in the Management field. As well as an interview with my current Human Resources Manager.
There was a time when organizations used to operate only in domestic market. That was the time when socio-cultural competencies were not necessity skills for managers. With time organizations have expanded beyond domestic boundaries. Today organizations like Wal-Mart; Coca-Cola has their presence in almost every part of the world. Today organizations have gone global to employee people from various cultural backgrounds. It can be said that
Globalisation is a process by which national economies become more integrated and interdependent with one another. It is the increasing expansion of money, culture and ideas. It is the interaction and integration among the people, companies and governments of different nations. It is shaping the world around us in ways and at a rate that was unimaginable just two decades ago. Advances in transport such as the steamship, jet engine, and container ships and in communication infrastructure including the Internet and mobile phones have been major factors in globalisation, generating further interdependence of economic and cultural activities. Globalisation is in our everyday lives. The clothes we wear and food we eat have all been transported within days or weeks to our homes our towns. Also, most products have been advertised using our modern technology such as the internet and modern printing presses.
Globalization is the process by which organizations or different businesses create worldwide impact or begin working on an international scale. It is the process of free movement of goods, services, technology and resources around different parts of the world. Globalization has been in practice from a very early age. Moreover, advancement in infrastructure such as transportation, communication and technology have led to an increase in the relations and integration among people, organizations and governments of different nations. Globalization has a great influence on the economy, culture, trade and the political systems around the world. Globalization has played a key role in the advancement of the world. It has both positive and negative impacts on the social, economic and political aspect of the environment.
Ping Ping Fu and Gary Yukl believed that people from different cultures deal with the difficulties of exercising influence differently. According to Smith and Peterson, to understand cultural differences, international relationship, and various influences in cross-cultural cooperation are necessary for managers under 21st century globalization. The authors also believed that the managers who have strong cultural awareness
With the development of globalization, people live in an increasingly culturally dissimilar world. The changing environment forces international companies to re-construct their strategies and tens of thousands of people leave their countries for better education, career, and life opportunities. In the context, not only international companies but also domestic firms have no other options except hiring people from diverse cultures. It has become a usual phenomenon that a growing number of people with diverse cultural backgrounds exist in different organisations. The activities of human beings are heavily influenced by culture on various levels, e.g. individuals, nations and organizations, the influence of which also takes actions in
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.
Multiculturism is a philosophy which appreciates ethnic diversity within a society and that encourages people to learn from the contribution of those of diverse ethnic backgrounds. Though culture is seen as ‘‘a richly rewarding area to pursue,’’ it is none- theless ‘‘a woefully complex maddeningly dynamic phenomenon’’ (Faure & Rubin, 1993, p. 228)(5). “Unity in diversity” is the perfect principle based on which any organisation succeeds. It is known fact that employees from various cultures contribute more effectively to organisations success than organisation working with single culture employees. But the authors of the article “Managing Multicultural Teams” (henceforth referred as core article) are of the opinion that cultural
I was surprised to find out that international managers run into serious problems with culture blends in their companies. Not surprise about a challenge- that is expected- but that the problems stemmed from their own mistakes. There were two problems pointed out in the Chapter 2.The first being a lack of awareness, this according to the book is an easy fix with cultural training and coaching. This was strange to me, if someone is in charge to lead of a large or small cooperation; wouldn’t the leader make it their priority to learn to lead. Moving on, the second problem branches from lack of awareness of cultural differences as well as trying to impose their norms, beliefs and values while devaluing the culture of others. A quote that puts this into perspective for me was on page 33 “Perfect integration between Western
The global business contexts have experienced tremendous changes causing international business management to face challenges of managing people from different cultures, religion, nationality and ethnicity. While going global, the international management has to face issues of workplace discrimination, stereotyping, cultural diversity, and ethnocentrism and so on, and these issues can be managed
In contemporary organizations where globalization and multi-national companies are becoming more popular, management requires flexibility in how to handle different issues and manage each employee. Four areas of management that pertain to contemporary management are the approaches to management, classical, behavioral, quantitative, and modern. Each of the approaches were practiced commonly in the past, however in the modern day, organizations must incorporate each management approach to different business situations and work environments. In the modern day, multi-national companies face issues such as culture shock, conflicting ethical standards, and working conditions that vary between countries. With these varied cultures, managers must