International Business Case Study

730 Words2 Pages
bulb-icon

Recommended: Benefits of International Business Activities

In today’s global market, more than before, multinational enterprises [MNEs] have been expanding their operations internationally. This rapid growth requires suitable staff to run new units in foreign countries. Leadership of these new units and MNEs in general requires a global mindset. “Each unit requires executives that navigate economic complexities, cultural ambiguities, and political challenges” (Daniels, 2013) while running an efficient and productive unit. MNEs need staff with international business background and understanding in order to have a successfully operated unit. There is shortage of leaders for the world stage. There are many reasons on why pursuing international business is the right thing to do, tremendous growth potential and high demand are to mention two. There are benefits to be a leader of an international business unit such job satisfaction and better life experience. On the other hand, there could some down fall from being away from home such as being forgotten by the home office and being downgraded once coming back home and high rate of turn around.
There is no doubt that as there is more and more
Globalization is happening faster than ever and is creating a high demand for global mind sets. Knowledge of international business also bring with a tremendous growth opportunity as MNEs expand to different markets. There are pros and cons of taking on a global leadership position. There will be potentially a great job satisfaction which includes but is not limited to better pay and benefits. On the other hand being away from the home office could be disadvantage when repatriates seeking positions within the home office. Careful planning is needed by patriate executives to avoid turn around when going home. Overall the pros out weight the cons and the outlook for the patriated executive is very much bright with good

Show More
Related

  • Comparison Of Northwest Airlines And American Airlines

    4751 Words  | 10 Pages

    Globalization can be defined as “making worldwide in scope or application”(1). In this comparison of the global corporate culture of Northwest Airlines and American Airlines several areas will be addressed. The strength of the global culture with-in the companies. The fit of the company to the global marketplace, and the adaptive ness or the empowerment of the employees will be examined and compared. Perhaps more important, than whether they currently have a global atmosphere, is whether they can improve or create this atmosphere. A comparison between the two airlines will be made on their mission statements, information dissemination, global-mindedness, career paths, and the use of cultural differences as an asset and if a worldwide training system is in place. A conclusion will then be made as to which corporation has the best organizational composition to compete in the global market.

    Read More

  • Post Bureaucratic Leadership Essay

    1031 Words  | 3 Pages

    Post-bureaucratic leadership is ‘the process of controlling, motivating and inspiring staff’ (Clegg, Kornberger & Pitsis 2011, p. 126), whereas globalisation refers to ‘the increase in financial integration of economies around the world’ (Clegg, Kornberger & Pitsis 2011, p.612). As such the practice of leadership is an integral component in all aspects of an organization as it can determine the success or failure of a business. According to (Punnet 2004) ‘leadership is a key component of all organizations, but its ability and functions have become more difficult with the rise of globalisation during the post-bureaucratic era.’ This essay will examine how the various leadership approaches have contributed to managing globalisation and the effects

    Read More

  • Free College Admissions Essays: Leader and Leadership

    500 Words  | 1 Pages

    Globalization has many implications for leadership today and in the future. Global perspectives are being spread to the farthest points in the world and to the most isolated people. People of different cultures come to the United States daily to live, travel, or engage in business. Leaders must respond to this challenge of globalization so they can effectively reach out to as many people as possible. Opening themselves to the world's changes allows leaders to compare and contrast their culture with the arts, language, beliefs, customs, philosophies, and ways of living of other people. By observing and questioning another culture, leaders can understand the origin of an individual's viewpoints and become more sensitive to the cultural needs of that individual. By continually exposing themselves to other cultures, young leaders can thoroughly develop this global perspective and devote themselves to making connections with the entire world.

    Read More

  • Personal Reflective and Goal Setting Strategies

    956 Words  | 2 Pages

    Globalisation allows individuals, groups, corporations, and countries to reach around the world farther, faster, more deeply, and more cheaply than ever before. Most large local companies regard globalisation as opportunity, thereby exploring overseas markets for maximum market share and optimum business strategies. However, managers would face a series of challenges caused by leadership models, cultural backgrounds, political and economic risks, HR management, etc. To study multinational management skills is very useful for my future career. In this essay, I will set goals for this subject, identify the skills I have honed and need to improve, and explain my strategies for achieving goals.

    Read More

  • The Importance of Diversity in the Workplace

    761 Words  | 2 Pages

    International businesses are also finding new ways of increasing diversity abroad. Instead of using expatriate employees as management, they are starting to hire locals. Companies that operate abroad are realizing that using expatriate employees is not a permanent solution. They are often expensive, and are not capable of translating their skills into the new environment. In a company that operates globally, it is important that the company knows how to relate to the local markets, and a great way to do this is by hiring local talent. Hiring locally is cheaper, there is not a language barrier, and they are accustomed to the business environment in the area(5). They can also help the business by providing a new perspective into international markets, and offer ways that the company can improve their diversity abroa...

    Read More

  • The Cultural Challenges Of Doing Business Overseas

    998 Words  | 2 Pages

    A major challenge of doing business internationally is to adapt effectively to different culture. Such adaptation requires an understanding of cultural diversity, perceptions, stereotypes, and values (Hodgett &Luthans, 2005). Doing business overseas has its challenges as well as it rewards.

    Read More

  • The Huawei Company and International Business

    2743 Words  | 6 Pages

    Multinational enterprise (MNE) is “a company that is headquartered in one country but has operations in one or more other countries” (Rugman and Collinson 2012, p.38) that has at least one office in different countries but centralised home office. These offices coordinate global management in the context of international business. MNEs have increasingly essential influence on the development of the global economy and coordinate with other companies in different business environments. However, there are many issues involved with how MNEs operate well overseas, especially in emerging markets (EMs) (Cavusgil et al., 2013, p.5).

    Read More

  • Report On The Investigation Of West Indies Yacht Club Resort

    742 Words  | 2 Pages

    High turnover rate of expatriate: expatriate managers are frustrated with the performance and practices of local employees. And they do not have enough international experience and cross-cultural communication and sensitivity training.

    Read More

  • Repatriation Case Study

    1122 Words  | 3 Pages

    Family issues might arise, as mentioned above, from the reduction of allowances and losing all the benefits of the expatriate life. Being an expatriate abroad might give the manager and the family the feeling of belonging to a higher, more special group in the host country. Upon return, they become a normal family without any distinction (Dowling, et at., 2013). Also, this category includes the problems, spouse might have by returning to the home country and seeking for a job opportunity after a longer period of break in the career (Collings,

    Read More

  • Repatriation Essay

    1920 Words  | 4 Pages

    In the past few decades, the world has experienced heightened globalisation. During this period, organisations have prioritised setting up leaders capable of dealing with the ever-increasing involvedness of running their global operations. Overseeing global talent along with career paths is consequently a decisive challenge in lots of multinational organisations. Individuals as well as organisations perceive International assignments as a constructive way of developing global occupational competencies (Brewster & Suutari, 2005).

    Read More

  • International Management Challenges

    2709 Words  | 6 Pages

    ...e located and the human resource management to effectively manage the global workforce diversity. Furthermore, management practices across nations should be more focused in terms of enhancing expatriates’ experience with cross-cultural training. It is also highlighted that executives of international firms must efficiently devise the best strategies and plans to increase the business positive performance and for controlling resources of their foreign subsidiaries. As a consequence, global managers play a very important role in the development and success of multinational corporations in the current competitive international market since there are numerous issues that they have to deal with in the operating process. If the enterprises could overcome the management challenges, they would gain great opportunities in the global economy and achieve favorable outcomes.

    Read More

  • Foreign Company Case Study

    981 Words  | 2 Pages

    As Per section 6(3) of the Income Tax Act, any company which is incorporated in India is always considered as resident company or during the year control and management of its affairs situated wholly in India.

    Read More

  • Management Problems Facing Multinational Corporations

    1385 Words  | 3 Pages

    Nowadays, business is set in a global environment. Companies not only regard their locations or primary market bases, but also consider the rest of the world. In this context, more and more companies start to run multinational business in various parts of the world. In this essay, companies which run multinational business are to be characterized as ‘multinational companies'. By following the globalization campaign, multinational companies' supply chains can be enriched, high costs work force can be transformed and potential markets can be expanded. Consequentially, competitive advantages of companies can be strengthened in a global market. Otherwise, some problems are met in the changed environments in foreign countries at the same time. The changed environments can be divided into four main aspects, namely, cultural environment, legal environment, economic environment and political system problems. All the changed environments make problems to multinational companies. In particular, problems which are caused by changed culture environment are the most serious aspect of running a multinational business. This essay will discuss these problems and give some suggestions to solve them.

    Read More

  • Globalization and Human Resource Management

    1375 Words  | 3 Pages

    With the proliferation of the internet international Business transactions are more common today than ever. Globalization is now a key factor when creating a business strategy for most companies whether they are small family own businesses or huge corporations. Globalization however does not just involve selling a product in other countries. There are legal and cultural concerns that must be addressed. The legal aspects are fairly simple because in most places the laws are spelled out. It's the local customs, and regional way of doing things that can be tricky. Research on globalization has shown that it is not an omnipotent, unidirectional force leveling everything in its path. Because a global culture does not exist, any search for it would be futile. It is more fruitful to instead focus on particular aspects of life that are indeed affected by the globalizing process. (1). In this new economy, as it has been in the past, it will be the people not the machines who will determine a company's success. Having an effective Human Resource Management team that effectively analyze your company's current and future personnel needs is key in any business organization.

    Read More

  • Business Case Study

    862 Words  | 2 Pages

    The entity must respect fair business practices in areas where they operate and endeavor to deal fairly with the entity’s customers, suppliers and competitors. The entite should not take unfair advantage of anyone through manipulation, concealment, abuse of confidential information or unfair ethical practices breaking the code of conducts

    Read More

More about International Business Case Study

Open Document