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Business Research Methodology - HI6008 - Multinational Companies

   

Added on  2020-03-03

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Running head: BUSINESS RESEARCH METHODOLOGYBusiness Research MethodologyChallenges of managing team in multinational companiesAssignment 1Name of StudentName of the UniversityAuthor Note
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1BUSINESS RESEARCH METHODOLOGYIntroductionThe organizations of modern times are getting connected to each other not only forgaining more number of customers but also for recruiting the best manpower from the industry(Sekaran and Bougie 2016). Modern day technology has made it possible to connect with firmsacross the world. The globalization has bridged the cultural gaps between the countries and therehas been a subsequent reduction of the differences between them. The organizational leadersneed to realize the way they would interact with the employees and understand the culturaldifferences of the employees (Reiche, Mendenhall and Stahl 2016). It is important to manage thecultural uniqueness of the countries of operation of the company so that there is no hurting of thereligious sentiments of employees of other geographical location. The leaders who manage a cross cultural set of teams are often scrutinized by theiremployees and they are often questioned about their decisions. The position of a leader is gainedthrough consistent respect and good work, which can be lost in an instant if he fails to managethe culturally diverse team of the organization. This paper would analyze the differentchallenges of managing team in multinational companies. This assignment would strive tounderstand the different theoretical concepts concerning the cross cultural management of teamsin the various multinational companies. The multiple challenges faced by the cross culturalmanagers would be elaborated in detail and suitable solutions would be sought. Project ObjectiveThe primary objective of the project is to understand the different challenges faced by thecross cultural teams. The objective is to understand the perspective of the managers of the
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2BUSINESS RESEARCH METHODOLOGYmultinational firms concerning the management of the cross cultural teams. The basic objectivesof this project is enumerated below-To understand the different aspects of the cross cultural teams To explore the different management practices of global teams in multinationalcompaniesTo identify the different challenges faced by global team in their day to day managementProject ScopeThe organizational leaders have to manage a diverse workforce in which the employeesare located in different parts of the geography (Sekaran and Bougie 2016). They often have tointeract, monitor, supervise and evaluate the performances of the team which are located atdistant locations. It becomes difficult for the managers to supervise the teams which they cannotsee or get in touch every day. The only modes of communication are the online tools ofcommunication, which often becomes a challenge for them. This project would consider that theteams of the multinational companies are located in different countries and they are far fromeach other. This review would exclude the teams which are located in the same country but indifferent locations. The teams which are located in the same country, same time zones and samegeographical regions are outside the scope of this project. Literature ReviewAs opined by Hair (2015), the cross cultural teams operate in a competitive environment,where the businesses strive to deliver the services and products for satisfying the globalcustomers. The world has recent mobile as well as cloud technologies that have reduced thevarious barriers of communication. As opposed by Northouse (2015), the new global economy
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