Factors Contributing to Expatriate Success and Globalized Economy

INTERNATIONAL MANAGEMENT
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Table of Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Expatriate Failure with regard to cultural adjustment and factors that maximize expatriate
success....................................................................................................................................3
Factors contribution to notion of a globalized economy........................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9
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INTRODUCTION
International management is defined as administration of venture operations in a
company serving target markets and operating in more than one specific nation. It required
appropriate skills & knowledge beyond common business expectations, such as familiarity with
competitive environment and local market. This assignment will explain expatriate failure, with
regard to cultural adjustment and define factors that increase expatriate success. It will justify
extent to which culture shock of expatriate and their families will be overcome. Furthermore, this
report will describe elements that will contribute to notion of a globalized economy
demonstrating an awareness of accountable global policies and ethically sound.
TASK
Expatriate Failure with regard to cultural adjustment and factors that maximize expatriate
success
Expatriate failure is a term utilized to encompass varied problems that prevent return on
investment from an expatriate including previous return, underperformance issues (Haile and
White, 2019). Rates of expatriate failure vary effectively by destination and industry. It is usually
defined as a posting that either ends prematurely or is recognized ineffective by top authority.
Expatriate failure can be considered very high and can vary between 20% and 50% depending on
the nation. Emerging nations such as those of Southeast Asia are recognized higher than threat
more than advanced countries. Failure of expatriate has become one of the most prominent
conflicts in international HR management. There are several reasons behind failure of expatriate
has been accessible that can affect success and growth of ventures.
Cultural adjustment is one of the factors that occurs failure expatriate (Wang and
Varma, 2019). When an individual leave his or her own nation and move to another, they
normally carry their own life experience and background with them. Most people are unable to
adjust their life in a new country where culture is quite different. It can be said that cultural
differences is the reason of expatriate failure which may be difficult to overcome when family
could adjust. For expatriates, different culture, new accountabilities, and daily work stress may
lead issues copying with their new location and position. Multinational companies such as
British American Tobacco and other send their workers for international assignment in new
place, where culture and overall environment is quite different. Those individual due to culture
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