logo

FT R082 - Advantages and Disadvantages of Internationalization

16 Pages3927 Words196 Views
   

Oxnard College

   

Managing Across Borders (FT R082)

   

Added on  2020-03-02

About This Document

This report discusses how people and organizations cope in cross border relations. It starts by analysing the cross-cultural issues that people face when interacting globally. The second part provides organizational business strategies for market penetration to guide new entrants in the market. The report makes use of the globalization theory to explain the role of innovation, strategic human resource management and organizational tactics. The discussion conclusively agrees with organizational strategies that help in the adaptation process. The report makes use of the globalization theory to explain the role of innovation, strategic human resource management and organizational tactics. 

FT R082 - Advantages and Disadvantages of Internationalization

   

Oxnard College

   

Managing Across Borders (FT R082)

   Added on 2020-03-02

ShareRelated Documents
Advantages and disadvantages of internationalization1MANAGING ACROSS BORDERS
FT R082 - Advantages and Disadvantages of Internationalization_1
MANAGING ACROSS BORDERS2Executive SummaryInternational operations involve cross border interactions with multidisciplinary organizations. The global environment comprises of business enterprises, which have opportunities and challenges. Based on this complexity, organizations may find it hard to manage across borders. Among the reasons, hindering fruitful operations is the cultural barriers. These include language, values, and beliefs. Employees working in cross border organizations require proper preparationsin order to adopt to the new environment. In an environment where competition is beyond compare, business organizations have to devise ways of staying in business. The global consumer is also hard to detect because of the differences in tastes and preferences. This report discusses how people and organizations cope in cross border relations. It starts by analyzing the cross-cultural issues that people face when interacting globally. Using the Hofstede theory, it makes suggestions for coping. The second part provides organizational business strategies for market penetration to guide new entrants in the market. The discussion conclusively agrees with organizational strategies that help in the adaptation process.
FT R082 - Advantages and Disadvantages of Internationalization_2
MANAGING ACROSS BORDERS3Contents1.0 Introduction....................................................................................................................41.1 PEST Analysis............................................................................................................42.0 Managing people...........................................................................................................52.1 Cultural diversities in the global environment..........................................................62.3 Technology Effect.......................................................................................................73. 0 Managing Organizations...............................................................................................83.1 Market entry and Penetration....................................................................................83.1.2 Joint Ventures......................................................................................................93.1.3 Franchising.......................................................................................................103.2 Dealing with Competition........................................................................................10Conclusion.........................................................................................................................12
FT R082 - Advantages and Disadvantages of Internationalization_3
MANAGING ACROSS BORDERS41.0 IntroductionGlobal management of people and organizations is a complex factor that calls for multilevel analysis of the underlying elements. International business suggests organizational strategies thatorganizations require in the management of operations in different countries. These have advantages and disadvantages. The international management theory explains how organizations cope with the management of people and business activities in the global environment[ CITATION Zen15 \l 1033 ]. It explains the characteristics of the international market systems highlighting its opportunities and challenges. The report makes use of the globalization theory to explain the role of innovation, strategic human resource management and organizational tactics. In the business aspect, market entry strategies including forming joint ventures and franchising are used. In this discussion, the PEST analysis explains the macro-environment. Sustainability brings in the role of business ethics in the market system as a way of controlling the widespread use of natural resources. The essence of this mixed approach to managing globally is to highlightthe international management practices their strengths ad weaknesses[ CITATION Dav11 \l 1033]. Global organizations need a holistic approach that can address all operations. In an effort to provide answers to the existing solutions, an organization needs to address and manage change effectively.1.1 PEST Analysis The PEST analysis by Fred Aguilar defines the brands’ spheres of influence using the Political, Economic, Social, and Socio-Cultural and Technology factors[ CITATION Fru17 \l 1033 ]. In order to compare with its strengths and weaknesses, an organization needs to consider:Political factors
FT R082 - Advantages and Disadvantages of Internationalization_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
International Management Practices | Assignment
|14
|4431
|201

International Business Expansion: A Case Study on Marshfield Bakery Limited
|15
|4495
|493

International Business Environment Report 2022
|15
|4485
|5

International Business : Assignment Sample
|11
|813
|34

Globalization in Organization Structure
|6
|518
|57

Market Potentiality of Tassal Group Limited in Japan and South Korea
|22
|4907
|484