PPQ Parts Global Expansion
Abstract
The following paper will address the following scenario: PPQ Parts has determined that in order to successfully expand globally, it will be a great benefit if the managers are trained in multiculturalism, diversity management and are made aware of the political and economic concerns that may arise during the expansion. This will allow them to be properly equipped with the knowledge and required plan of action to handle such situations as needed.
Currently, there are many organizations that plan to become global companies in order to reach the international markets that have a need for the specific products and services provided. This form of expansion has also been identified as a necessity in order to for businesses to survive financially in the current economy. It will decrease costs for the company, open a new market for new ideas, and allow a more competitive position within the new market (Heizer & Render, 2012, p. 27). An international strategy will help to diversify and expand a business; therefore management should be trained and have a clear understanding on the multiple aspects, including multiculturalism and diversity management.
It is important to understand the difference between multiculturalism and diversity. Multiculturalism refers to the acceptance or the practice of providing equal attention/representation to individual(s) from different backgrounds or minority groups (“Multiculturalism,”). On the other hand, diversity is defined as the differences between individuals, including but not limited to:
Race
Gender
Background
Socioeconomic status
Religion
Both are important to the PPQ Parts, especially in the growth efforts. Diversity in the workplace will allow PPQ Parts to remain competitive in the market. Multiculturalism and diversity training for management will create a better a better work environment; develop better employees for future leaders (Garcia). Trained management has the ability to address diversity
The following paper will address the following scenario: PPQ Parts has determined that in order to successfully expand globally, it will be a great benefit if the managers are trained in multiculturalism, diversity management and are made aware of the political and economic concerns that may arise during the expansion. This will allow them to be properly equipped with the knowledge and required plan of action to handle such situations as needed.
Currently, there are many organizations that plan to become global companies in order to reach the international markets that have a need for the specific products and services provided. This form of expansion has also been identified as a necessity in order to for businesses to survive financially in the current economy. It will decrease costs for the company, open a new market for new ideas, and allow a more competitive position within the new market (Heizer & Render, 2012, p. 27). An international strategy will help to diversify and expand a business; therefore management should be trained and have a clear understanding on the multiple aspects, including multiculturalism and diversity management.
It is important to understand the difference between multiculturalism and diversity. Multiculturalism refers to the acceptance or the practice of providing equal attention/representation to individual(s) from different backgrounds or minority groups (“Multiculturalism,”). On the other hand, diversity is defined as the differences between individuals, including but not limited to:
Race
Gender
Background
Socioeconomic status
Religion
Both are important to the PPQ Parts, especially in the growth efforts. Diversity in the workplace will allow PPQ Parts to remain competitive in the market. Multiculturalism and diversity training for management will create a better a better work environment; develop better employees for future leaders (Garcia). Trained management has the ability to address diversity
References: Corruption putting the brakes on eu expansion. (n.d.). Retrieved from http://www.dw.de/corruption-putting-the-brakes-on-eu-expansion/a-15922774-1 Expanding the global fight against corruption. (2010, December 9). Retrieved from http://www.commerce.gov/os/ogc/developments/expanding-global-fight-against-corruption Garcia, R. (n.d.). Importance of diversity training for managers. Retrieved from http://www.ehow.com/about_6218851_importance-diversity-training-managers.html Heizer, J., & Render, B. (2012). Operations management. (10th ed.). Upper Saddle River: Pearson Education, Inc. Retrieved from http://wow.coursesmart.com/9781256735755/firstsection Joseph, C. (n.d.). Advantages of global companies. Retrieved from http://www.ehow.com/list_6298214_advantages-global-companies.html Lewis, J. (n.d.). What are the cultural problems encountered by multinational companies?. Retrieved from http://www.ehow.com/info_12199203_cultural-problems-encountered-multinational-companies.html multiculturalism. 2010. In Your Dictionary.com. Retrieved August 31, 2013, from http://www.yourdictionary.com/multiculturalism