Tutorial 3- Chapter 2: Social Responsibility and Ethics Tutorial Activity 1: Ongoing Semester Case Study- Businessville Hotel The hotel manager should not acquire furniture from the furniture dealer even though he was a friend of his brother. Looking at the economic perspective‚ the manager might want to acquire the furniture from the dealer with the cost saving purpose as he was given a discount for the furniture. However‚ the manager should accomplish his duties legally while complied with his
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operating in a challenging‚ dynamic‚ interdependent and complex global environment. Clearly‚ strategies and management style which are involved in international and global businesses must be adjusted in order to operate successfully (Deresky‚ 2014‚ 18). A global manager is basically someone with knowledge of running the company across borders in the company. They have to be trained under global management aspects such as culture and communication with foreign countries (Ask 2014). There are three important
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differences between international‚ global‚ and multidomestic companies? Multinational company : An organization with multi country affiliates‚ each of which formulates its own business strategy based on perceived market differences. Global company : An organization that attempts to standardize and integrate operations worldwide in all functional areas. International company : Either a global or a multi domestic company Q2. Give examples to show how an international business manager might
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I opened the door to enter the Orlando International Airport and my mouth dropped. It was 8 am and the airport was packed with people moving in every direction. There was nowhere to sit or rest. I could hear people yelling‚ cars honking‚ soft music playing‚ etc. (Sensory details) I was surprised that it was this packed‚ and a little irritated since the only reason I picked such an early flight back to Illinois was to avoid long lines at the airport. I could feel my palms sweat as I looked at the
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Veena Meer November 13‚ 2012 International Management Case Analysis: Nora-Sakari: A Proposed JV in Malaysia Companies’ Overview Two leading telecommunications companies are negotiating forming a joint venture (JV) called Nora-Sakari. Sakari Oy (Sakari) was a Finnish conglomerate a leader in manufacturing cell phone sets and switching systems and Nora was a leading supplier of telecom equipment in Malaysia. The proposed JV in Malaysia has the purpose of manufacturing and commissioning
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Case Studies Project PET3361 10/25/2012 Case Study #1 – High School Football Player Brian is not the first athlete to encounter issues in trying to “bulk up”. Many high schools athletes do not have the knowledge on how to properly put on muscle and gain weight. I would ask Brian questions like: how many calories do you eat a day‚ how much creatine are you taking daily‚ what foods are you eating‚ how often are you eating‚ how often do you lift weights‚ what supplements are
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As previously discussed‚ a phase- and principle-based management model for successful international partnerships was developed based on the assumption that the three critical principles are required to ensure the success of international partnerships‚ namely accountability‚ transparency‚ and learning capacity. Accountability is closely related to management competence‚ particularly to a leader’s behavioural obligations of responsibility and answerability to stakeholders. Accountability embodies the
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CHAPTER 1 – GLOBALIZATION AND INTERNATIONAL LINKAGES A. INTRODUCTION 1. International Management Defined as: the process of applying management concepts and techniques in a multinational environment and adapting management to different economic‚ political and cultural environments 2. Multinational Corporation (MNC) i. Has operations in more than one country ii. Has int’l sales iii. Has managers and owners of various nationalities B. GLOBALIZATION AND INTERNATIONALIZATION
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Zara International was a retail shop originated in La Coruna‚ Spain in 1975. It was clothing and accessories shop and imitated the latest fashion trends and sold them at a lower cost. It became Zara International after entering Portugal in 1988 and then the United States and France in the 1990s. The distributor for this brand is Inditex and is considered the most successful retail chain in the world. Zara has a business strategy that is very different from the retailers nowadays. If a customer orders
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is an advantage of centralized contracting? 1. Gives easier access to contracting expertise 2. Increases company expertise in contracting 3. Gives more loyalty to the project 4. Allows a contracts person to work on a single project Answer B 2 Risks will be identified during which risk management process(es)? 1. Quantitative risk analysis and risk identification 2. Risk identification and risk monitoring and control 3. Qualitative risk analysis and risk monitoring
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