International Business

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• Sustaining International Business Operations Essay

  ...IHRM Sustaining International Business Operations Chapter Objectives Chapter Objectives (cont.) Approaches to Staffing Factors affecting approaches to staffing General staffing policy on key positions at headquarters and subsidiaries Constraints placed by host government Staff availability Ethnocentric Polycentric Geocentric Regiocentric Ethnocentric Strategic decisions are made at headquarters Limited subsidiary autonomy Key positions in domestic and foreign operations are held by headquarters personnel PCNs manage subsidiaries. Polycentric Each subsidiary is a distinct national entity with some decision-making autonomy HCNs manage subsidiaries who are seldom promoted to HQ positions PCNs rarely transferred to subsidiary positions. Geocentric A global approach - worldwide integration View that each part of the organization makes a unique contribution Nationality is ignored in favor of ability Best person for the job Color of passport does not matter when it comes to rewards, promotion and development. Regiocentric Reflects a regional strategy and structure Regional autonomy in decision making Staff move within the designated region, rather than globally Staff transfers between regions are rare. Ethnocentric Approach Advantages To ensure new subsidiary complies with overall corporate objectives and policies Has the required level of competence Assignments as control Disadvantages Limits the promotion opportunities of HCNs, leading...

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• Essay on A Review of Literature on How to Manage International Joint Venture Successfully

  ...Review of Literature on how to manage International Joint Venture successfully. By Samaila Umar There is serious increase in the number of organisations seeking to operate in today’s highly competitive global markets with sustainable competitive advantage. (Taylor, 2004; Ernst & Halevy, 2004). In order to achieve this international expansion, companies use different market entry strategies. Earlier study on IJVs reveals that international joint ventures are the most common means of internationalization (Ernst & Halevy, 2004). This paper shall present a review solution on how to achieve successful IJV alliance In general, international joint venture (IJV) is an equity sharing arrangement between a local firm and a foreign cooperation (government or private) coming together by putting all necessary resources together, sharing risk and operational controls to operate as one independent business entity to accelerate profit and growth or in order to achieve some strategic goals. (Craig C. Julian. 2000). In most IJVs, two companies merge together for the matter of ease and convenience, the two companies involve become the parent of the organization that surface from the merger (Geringer & Hebert, 1989). But there are situations where more than two companies form IJV, this is true in cases where already merged companies try to merge with other bigger companies to establish a single organisation...

  2357  Words | 7  Pages

• International Business Ventures Essay

  ...International Business Ventures Measuring a potential business venture has many aspects which the international manager must be aware of in order to convey the correct information back to the decision makers. Being ignorant to any of the aspects can lead to a false representation of the project, and hence an uninformed decision being passed. In order for a business to survive it must grow. For growth to be optimal, management must first be able to identify the most attractive prospective leads. The country as a whole, specifically geography, government, and financial aspects must be looked at in order to yield the best possible picture of the market a company wishes to enter. Concentration should be placed on gathering reliable facts that are backed up by more than one source. It is to be hoped that after creating "a picture" of the market, management's analysis of the potential business venture and plan of action will be structured as to avoid losses and to find the most profitable scenarios. The success of the multinational corporation lies on the shoulders of it's management. International management and organization-design expert Henry Mintzenberg says every CEO has three essential duties: direct supervision, development of the organization's strategy, and management of the organization's boundary conditions. Top management's responsibility at and beyond the...

  2685  Words | 8  Pages

• International Business The Role of Culture Essay

  ...International Business, 7e (Griffin/Pustay) Chapter 4 The Role of Culture 1) Which term refers to the collection of values, beliefs, behaviors, customs, and attitudes that distinguish one society from another? A) history B) culture C) politics D) norms Answer: B Diff: 1 Skill: Concept Objective: 1 2) In which country is nepotism valued? A) the United States B) Great Britain C) France D) China Answer: D Diff: 2 Skill: Concept Objective: 2 3) Which virtue of a job candidate would most likely NOT be perceived as valuable by a Japanese employer? A) unity B) loyalty C) individualism D) personal responsibility Answer: C Diff: 2 AACSB: Multicultural and diversity understanding Skill: Application Objective: 2 Learning Outcome: Explain how differences in culture affect the international business environment 4) From what source do cultural changes usually occur? A) internal forces B) external forces C) strengths D) weaknesses Answer: B Diff: 2 Skill: Concept Objective: 2 5) Which of the following is not one of the basic elements of culture? A) social structure B) language C) religion D) architecture Answer: D Diff: 2 Skill: Concept Objective: 2 6) Social structure is best defined as the ________. A) means by which a society's members communicate with each other B) attitudes of MNEs towards corporate social responsibility on a global scale C)...

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• International Business Essay

  ...“The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms.” Evaluate this statement. This statement might have held more truth years ago, but certainly not today. The workplace is drastically changing on a constant basis and the world is becoming integrated. I believe it is important to study international business for large and small corporations and any type of business. All markets are expanding across the world and business is being conducted across the world simply by using the world-wide web. It is very important to understand the practices and beliefs of those you conduct business with. As the economy continues to change, businesses are expanding their target audiences to try and promote sales and growth. By studying international business, this is giving employees and understanding of how business is conducted in other cultures. This is important especially if a firm is interested in conducting business across seas for instance. By studying and understand business practices of the country of interest; you are gaining an understanding of how they conduct business, and how you must conduct yourself. The same rules apply to small firms that wish to conduct...

  1319  Words | 4  Pages

• International HRM Major Assignement Essay

  ... International Human Resource Management Case 2: Quality Compliance at the Hawthorn Arms Christopher Naumoski: 3285783 Dr. Errol Muir Alistair Mackay has recently been appointed as Director of Personnel Development for Trianon, which is an Anglo-French company that specialises in avionics. Trianon has just entered a joint-venture agreement with a government backed Hungarian firm. Alistair’s job is to recommend someone for the role of Quality Compliance manager. Given what you know about the firm from the case, outline a general recruitment and selection process for Trianon. Describe how your proposed process fits with ‘best’ selection practices as well as the strategic needs of the company. The instructions that were given to Alistair seem to be rather unclear, which makes it difficult to establish a specific recruitment and selection process in order to find the appropriate candidate. However based on Trianon’s reasons for entering the joint venture agreement we can assume the following requirements will be needed. Primarily the candidate will have to have a knowledge and understanding of the language and culture, government and laws. Secondly the candidate will have to be able to work well with people. Considering that several companies and government will be involved in this international deal, the quality compliance manager would need to be able to resolve any issues or disagreements between parties. The candidate...

  3783  Words | 13  Pages

• International Business Essay

  ...INTERNATIONAL BUSINESS Assignment List Unit 1 - Political Systems Reading Assignment: Wild, chapters 1-3. Assignment Type: Individual Project Deliverable Length: 3-5 pages Points Possible: 125 Due Date: 8/29/2010 11:59:59 PM CT Select a company and country that interests you. You have been asked to evaluate the country you selected as a potential market for your product(s)/service(s) and present your findings to other managers of the organization in a memo. In your memo, be sure to address the following: • Provide a brief overview of the company and why the country you selected may be a potential market. • What type of political and legal systems does the country have? • Do free elections take place? • Is the government heavily involved in the economy? • Is the legal system effective and impartial? • Do political and legal conditions suggest that it should be further considered as a potential market? Please submit your assignment. Instructor Comments: Note: Be sure to choose a foreign country, that is a country in which you do not reside. For example, if you live in the U.S. then do not select the U.S., Puerto Rico or any other U.S. possession or territory. Also, the company you select can either be an actual company or one that you create. Assignment Type: Discussion Board Deliverable Length: 3-4 paragraphs Points Possible: 60 Due Date: 8/29/2010 11:59:59 PM CT...

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• International Business-Scheme of Work Research Paper

  ...SCHEME OF WORK UNIVERSITI TEKNOLOGI MARA FACULTY OF ADMINISTRATIVE SCIENCE & POLICY STUDIES BACHELOR IN CORPORATE ADMINISTRATION (Hons.) (AM225-BCA) | Lecturer | Room | Phone No. | e-mail | Lecture class / | Puan Yus Aznita binti Ustadi | | | Tutorial class | Encik Azman bin Ayob | | | | Course Code | Course Title | Evaluation | ADM 602 | International Business Environment | 5% quizzes | | | 15% Assignment Paper & Presentation | | 20% mid semester exam | | 60% final exam | | | Text Book: 1. Hill, C.W.L. International Business – Competing in the Global Marketplace. McGraw-Hill 8th edition Standard References: 1. Griffin, E.W. Pustay M.W. International Business. Pearson/Prentice Hall, 6th Edition, 2010 2. Czinkota, M.R. Ronkainnen, I.A. Moffet, M.H. Fundamentals of International Business 1st edition, Thomas South Western 2004 3. John Daniels, Lee Rodebaugh, Daniel Sullivan. International Business. Pearson/Prentice Hall, 12th Edition, 2008 Classroom Behavior: Much of the success in the classroom can be traced to specific behaviors, which are often the same behavior that lead to success in carrers and life. Acceptable behaviors in the classroom include, but are not limited to: * Respect: Show respect for your classmates and your instructor/facilitator by...

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