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- Global Wannabe (GW), a manufacturer of musical instruments, is eager to internationalize. New to international business, within the coming four years, senior management wants GW to generate at least one-third of its sales from abroad by establishing foreign marketing subsidiaries and production bases in low-cost countries to cut manufacturing costs. GW’s president, Larry Gerber, has appointed you to the task force charged with recruiting managers who can run GW’s operations abroad. 3.1 What guideline would you offer to GW to recruit and select expatriates while avoiding the problem of expatriate assignment failure and evaluating the performance of employees posted abroad?Specific issues related to cultural differences can arise in the management of a multinational enterprise. All of the following are related to cultural differences EXCEPT . A. a requirement to have local management B. issues with promotion of women into management positions C. issues with observation of religious holidays D. nationalization of the assets of a company by the foreign governmentPremise: In the 1960s, the International Product Life Cycle Theory was developed to explain the cycle that products go through when they are exposed to a global market. The cycle demonstrates how a product matures and declines as a result of internationalization. Nokia is one of the best examples of PLC. There was a time when this Finland-based organization ruled the business world and had a massive global market with almost no competitors in the market so the company’s management gave little attention to innovation in the input and output devices of its mobile phones. . With the passage of time, competition grew stronger, and Nokia's situation deteriorated day by day. Nokia was the market leader until 2000, when Apple's iPhone took a large share of the market from Nokia, along with the periodic entry of other smartphone businesses. After 2012, this company with a tremendous history changed its management in an attempt to resurrect itself…
- 2. From an ethical point of view, De George recommends that companies multinationals operating in developing countries Select one or more than one: a. pay fair contributions b. be virtuous c. Respect the local culture, unless it violates ethical principles d. Pay wages equal to those prevailing in their own country e. Respect the rights of all parties f. "When in Rome, act like the Romans." g. apply libertarianismA1: Does government intervention and regulation of international business help or hinder a firm’s international business strategy? A2: Choose a “help” or “hinder” position and support your argument using examples from your textbook or other web-based sources.2. Culture explains how we behave toward each other and with other groups especially when doing business across borders. Pretend you have been hired by ABC Company Limited. Your manager has indicated to you that the company wishes to do business in foreign markets but is worried about the cultural risk of foreign markets. With the use of an example, briefly describe to your manager ONE cross cultural risk that the company should be aware of and ONE recommendation you will make to mitigate your identified risk. A complete answer will include the use of an example to help support your explanation on the cross-cultural risk in the context of internationalization.
- 1. If you were in a position to advise a Western company that was considering doing business in UAE for the first time, what would your advice be? 2. Using Dubai as an example, do you believe that cultural similarities among people can outweigh cultural differences that exist in terms of doing business together in the futureIn order to develop a collaborative and cooperative relationship between countries, Mor Barak (2014) believes there must be a “respectful cultural relationship” between individuals in other countries. Discuss the policies and practices that a multinational organization can propose/develop to help create a “respectful cultural relationship” between its home country and its host countries. Additionally, expand upon the challenges of understanding and operating in cultures that are drastically different than one’s home country.You are the head of an Industrial Relations consultancy firm. You have been invited to present to the Board of a Multi-national Corporation that intends to open a local operation within Antigua and Barbuda. The Corporation is, however, concerned about Globalization and the readiness of CARICOM for its possible impact. As a subject matter expert in your country, use your knowledge and experience in IR to prepare a comprehensive report. To encourage the Multi-National to proceed with establishing a presence in your country, list and elaborate on at least three (3) strategies to minimize the possible negative impacts of Globalization for their company. (700 words) Provide basic costs and information on other factors that can affect the effective implementation of these strategies. (200 words) An appendix must include features such as bar graphs, tables or charts utilized for effective data collection and analysis An appendix capturing the sources of policy content must be included, as…
- What cultural factors must U.S. sports franchises overcome to increase popularity abroad? Why?How can franchises ensure their products are appropriate for international markets?Should governments protect their industries by placing tariffs on imported products? Why? Why not?Include APA-style in-text citations as well as a reference section.Indigo company in Oman, dealing with textiles for many years has a subsidiary in UAE since 2017. The UAE government, imposed a new rule of 60% emiritization in all sectors in 2020. Discuss the consequences of this emiritization on the A)Parent company B) Host company C) employees of host country D) on the HR functions of the Host country E) on the HR functions of Parent countryWhen McDonalds, an American multinational corporation, entered the Chinese market, it faced many cross-cultural management challenges due to cultural differences. (a) In light of the above statement, explain the cultural differences between China and United States of America using Hofstede’s cultural values model. (b)You have been appointed as the new Regional Manager to oversee McDonalds operations in China. You are aware of the need to deal with cultural differences and to adapt to the Chinese culture. Explain the international strategies that you would implement for McDonalds in China in the management of its: product marketing workforce