Write 2 or 3 paragraphs to teach the competency to somewho who has not taken Introduction to Business. 1. Describe how firms engage in international business.
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Write 2 or 3 paragraphs to teach the competency to somewho who has not taken Introduction to Business.
1. Describe how firms engage in international business.
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- Describe the concepts of culture, multiculturalism and diversity from the perspective of customs and values in the face-to-face and virtual space that are observed in other countries. Explain the theory of cultural dimensions and how knowing it can help a manager in international business management. Support your answer by referring to the approaches of Geert Hofstede and Fons Trompenaars.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?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. Money
- In Cross-National Management organization today, it is important to know - definitions, relevant theories, challenges, recommendations/way forward, etc. to be in a better position in this global market. Cross cultural management helps us to interact, understand and deal with people who belong to other cultures. Cross-cultural management is important today because the organizations of today are global entities rather than regional or national/local outfits that they used to be in the previous decades. An essential ingredient for success in any international business setup is the ability to understand other cultures and their dynamics. 1. Define cultural intelligence and its relevance in the cross-national organization today 2. Briefly discuss, evaluate and state its relevance in cross-national organizations theories such as: a. Hofstede’s Cultural Dimensions Theoryb. Trompenaars’ Model of National Culture Differencesc. The Lewis Model 3. Explain five strategies for working in cross…Please elaborate as much as you can .Subject Principles and Practices of International ManagementDiscuss the basic predispositions that MNC’s can use to manage their business globally. Support your answer with relevant example.Culture and Trade: The International Landscape At 9:00 am; the meeting begins. You quickly note that Teresa was correct. There are still some empty seats in the conference room. While you look at the first list of featured attendees, you begin to wonder how people who traveled to the conference over the weekend could be late> Featured Managers Led by Teresa Gonzalez, V.P. of Global Products Management Jean LeBlanc, Reginal Manager, France Rogelio Ramirez, Reginal Manager, Mexico Andrea Murphy, Reginal Manager, Ireland Jessica Lee, Reginal Manager, China Aisha Baydar, Reginal Manager, Turkey You scan the crowd and notice that Rogelio has not arrived yet. You consider that his tardiness may be due to which international external force? sociocultural Legal Economic Political
- 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 future"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?Please give thorough information Propose a strategy for internationalization. Looking particularly at entry strategies that could be utilized as discussed in the course. You will need to keep in mind the domestic realities of the company and its product/service by conducting a situation analysis to start. You are equired to suggest an international strategy after an analysis of all strategies discussed in thecourse.
- What are the challenges that Coca-Cola is likely to face to grow its business in Africa? ( 350 words)I. Let’s assume that you are an expatriated manager of a U.S. manufacturing subsidiary in your selected country. What is the most important external or environmental issue in your opinion? Which of international management concepts (at least three) will be useful for you to respond to such an issue? Explain with specific examplesLeading companies should develop staff who have global perspectives. What does this mean and is it true? Does it apply to organizations of all sizes?
