Reflect on global business and specific functional business areas such as operations, marketing, and human resources, describe two unique considerations for managers who serve in international settings.
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Reflect on global business and specific functional business areas such as operations, marketing, and human resources, describe two unique considerations for managers who serve in international settings.
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- All of the following are important for the success of global managers, except: a. Experience working in a foreign country b. The ability to network across borders c. Knowledge of your job role effectively d. MoneyBriefly explain the term homogenization of international business environment. What are the implications of the homogenization trend for international management?Describe a global mindset and why it has became imperative for companies operating internationally?
- Please elaborate as much as you can .Subject Principles and Practices of International ManagementGlobalisation is the process by which the world is becoming increasingly interconnected as a result of a massively increased trade and cultural exchange. Explain the impact of globalisation to the business operation. Support your answer with relevant exampleUnderstanding the beliefs, values, behaviour and material objects that together form a people’s way of life is crucial in International Business. Examine the various aspect of culture that an International Business Manger should consider and how they affect business strategy."Many companies struggle with the process of globalization because of an almost insurmountable impulse to pursue international objectives using methods proven and people trained in a company's home country. The global company literature is replete with stories of companies that crossed a national border into a foreign market burdened with assumptions, wholly unprepared for radical changes in their business models." 1. How should we adapt to local conditions? 2. What will you do to prevent your company from engaging in corrupt business practices in China?
- Focusing on Caribbean company/organization of your choice within your country, Use the PESTEL Framework and discuss how the factors have impacted the organization and sector in which the selected organization is categorized.Why is the world economy becoming more integrated? What are the implications of this integration for international managers?Globalization is concerned with the growing internationalization of economic systems. It emphasizes the creation of a borderless global economy, facilitating the unhindered movement of finance, products, services, information and people. Given that McDonalds already has a global footprint, elaborate on your understanding of the effects of the following human resource functions as they impact business: i. Innovation and knowledge sharing ii. Managing a diverse workforce iii. Updating core competencies and skills iv. Adaptable and flexible organizational structures v. Development of global leaders with a seasoned global perspective
- What role does culture play in establishing business in a foreign country and what steps should management take to ensure cultural integration?Identify at least two companies that have a global presence and what challenge you understand they had to face to achieve their success.Explain why it is important to balance the duties of the three groups of managers (Worldwide functional manager, National Subsidiary manager, Transnational managers) in charge of international business, global functions, and geographic region. Discuss why it is necessary to reconcile the responsibilities of the three groups of managers responsible for global business, worldwide functions, and geographic territory.