Challenges and Leadership in International Management
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Added on 2023/02/02
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This presentation discusses the challenges faced by leadership in international management, including cross-cultural communication, trust, and time zone differences. It also explores the concept of global virtual teams and the training required for employees to effectively work in this environment.
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INTERNATIONAL MANAGEMENT
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International Management of business is defined as the process of managing the affairs of the business internationally. For this, it requires huge level of knowledge and skills and business expertise and should be familiar with the rules and regulations for carrying its business across the different countries. A company should be familiar about country's local customs, laws, culture etc in order to carry out their business across different countries. In this report Apple is taken as organisation, Apple is a multinational company operating its business across the world. INTRODUCTION
As companies keeps on expanding there will be rise of cross cultural and multinational teams so the culture plays an important role in managing international business. A effective communication is very important for the success of any international business. This kind of culture is very important when there is high risk of getting loss of translation of the messages. But effective communication culture will fill this gap by making the use of non verbal communication which might prove crucial for multinational businesses. Challenges faced by leadership, leadership required to face these challenges and training required by the employees
Global virtual teams is a type of a team which helps a company in engaging its team members and also helps in the delivering the projects of the company with making no or limited interaction with other members of the team physically. This helps a multinational company to make use of the capable and most efficient talent available in their global base of employees. In global virtual teams, different teams and members may not meet each other face to face but carry out their operations of the projects through a technology called VOIP (Voice Over Internet Protocol) and also through other virtual meetings and Sharepoints. Global virtual teams
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Communication gap Lack of trust Time zone differences Lack of team spirit and employee morale Routine Diverse cultural teams Challenges
Transactional approach:. A leader should establish a regular communication with the virtual teams Situational Approach:This approach of leadership will benefit the employees at any kind of situation in hand. Transformational approach: With the help of this approach a leader uses different procedure in order to motivate, increase employees morale, build team spirit and inspire them Leadership required for Global Virtual Teams
Technological trainings:A well furnished training should be provided on various formats like electronic media which is used for sharing the information like video-conferencing, social media, web conferencing and other electronic media. Cross cultural training::As virtual environment tends to bring people of different cultures and different level of knowledge andalso people of different regions together on a particular project. Group Processing training:This type of training is the best, as it provides the training on the various challenges faced by the virtual-teams at different stages Training required for the global virtual- teams
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It is concluded from the report that a global virtual-team helps in the expansion of the business of the company across the globe but a company has to face different challenges while setting a global virtual-team , like cultural challenges, communication gap, lack of trust etc. but these challenges can be overcome by adopting a proper leadership approaches which helps in addressing these issues faced by virtual-teams. This report also discusses about the type of training to be provided to virtual-team members in order increase their performances without any restrictions faced by them so that a company can carry out its business across the world effectively. CONCLUSION