May 27‚ 2013 Dr. Charles Chen Learning Team B Week 2 Discussion Competition and globalization demands that businesses practice cultural sensitivity when aiming for successful business integration into foreign markets. According to Deresky (2011‚ p. 31)‚ “competing in the twenty-first century requires firms to invest in the increasingly refined managerial skills needed to perform effectively in a multicultural environment.” Managers and leaders need to develop the ability to motivate
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becomes even more complex when companies enter into other markets‚ (Deresky‚ p 402). Motivating his employees an international scale was a challenge that Branson was able to overcome with his leadership skills. He was able to understand that the organizational skills needed to be adaptable to the local cultures which meant that the strategies needed to be altered when appropriate. Leadership is setting a new
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References: Al-Awsat‚ Asharq (2006). “MTV eyes Middle East market.” Retrieved 16th July‚ 2014 from www.asharq-e.com Arab News (2007). “MTV Arabia begins broadcasting.” Retrieved 16th July‚ 2014 from www.arabnews.com Deresky‚ Helen (2014). International management: managing across borders and cultures. (8th ed.) Boston‚ MA: Pearson El Baltaji‚ Dana (2008). “I want my MTV.” Arab media society‚ Issue 5‚ Spring 2008. Retrieved 10th July 2014 from www.arabmediasociety.com
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Strategic Analysis and Market Justification An international opportunity Companies of all sizes go international for different reasons‚ Deresky (2011) stated that the threat of their own decreased competitiveness is the overriding reason many large companies want to move fast to build strong positions in key world markets (p. 198). Deresky (2011) also suggested many multinational corporations (MNCs) have developed their global operations to the point it becomes fully integrated‚ often
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firms might face with and how they would establish their management to operate smoothly while internationalizing. During internationalization‚ firms face several external issues‚ some commonly caused by the difference in culture (Christoper & Deresky 2008). According to Quer‚ Claver and Rienda (2007)‚ states that the gap of culture can lead to difficulty in transferring of work practice from one country to another. Carmichael (2002) believes too that‚ culture misunderstandings form disagreements
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82‚000 multinational companies with more than 810‚000 affiliates abroad‚ roughly half of which are in developing countries. Developed countries remain the prime destination for FDI because cross-border M&A’s are concentrated in developed nations (Deresky Pg.190). Developed countries account for about 57 percent of Global inflow‚ on the other hand the FDI inflow to developing countries was 37 percent. Some of the developed countries are U.S.‚ Japan‚ and Europe Union Nations; in which the three account
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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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Communication is the process of sharing meaning by transmitting messages through media such as words‚ behavior‚ or material artifacts. Communication is an inherent part of a manager’s role and takes up the majority of a manager’s time on the job (Deresky‚ 2011‚ p. 126). As the Vice President of Global Pharmaceutical Company (GPC) Elizabeth Moreno is a key specialist who is widely known within her company as well as in the pharmaceutical industry. Elizabeth has worked for GPC over 12 years and is
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Really Matter in Bringing about Strategic Change? Comparative Action Research in Ten European Steel Firms.” European Management Journal‚ in press 2009 Textbook: International Management Managing across Border and Cultures Text and cases/ HELEN DERESKY 2. Explain the common causes of expatriate failure. What are some major success factors for expatriates? Explain the role and importance of each. (Chapter Nine). Expatriates: one
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Analysis of Political‚ Economic‚ Legal and Technological Risks in Indonesia By Yohanes Randy Anggoro Student ID: 1004536 Instructor : Mr. Bala Subramaniam N. Module Name : International Trade and Management Module Code : ERCBA-209 Word Counts : 2106 Due Date : 7 November 2012 Content Page Introduction………………………………………………………………………………………………2 Brief Introduction to Indonesia……………………………………………………………………….3 Political Risk……………………………………………………………………………………………..3 Economic Risk…………………………………………………………………………………………
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