Ask a question from expert

Ask now

Operation of International Business

10 Pages1865 Words36 Views
   

Added on  2021-04-17

Operation of International Business

   Added on 2021-04-17

BookmarkShareRelated Documents
Running head: INTERNATIONAL BUSINESSCultural crisis of ToyotaName of the studentName of the universityAuthor Note:
Operation of International Business_1
2INTERNATIONAL BUSINESSTable of ContentsIntroduction......................................................................................................................................3Issues and Problems in the operation of International business......................................................3Theories on Cultural Miscalculations..............................................................................................5Figure 1- Stages Model....................................................................................................................6Management of Business Organizations across different cultures..................................................6Business Ethics to be followed according to Biblical Christian Cultures.......................................8References........................................................................................................................................9
Operation of International Business_2
3INTERNATIONAL BUSINESSIntroductionThe following report is based on the cultural issues that need to be addressed by each andevery organization while expanding their business internationally. There are numerous examplesin the past where large scale organizations have suffered badly just because they failed to meetthe cultural expectations of the countries where they ran their operations. Cultural difference isone of the major considerations that determine whether the business is successful or not. Thefailure of the product or services to add value and meet the desires of the local community willonly lead to loss. It is important for the organization to have a transparent idea about the personsresiding in the community and their culture. The case of Toyota Motors crisis in 2010 is one ofthe best examples of such a cultural failure.Issues and Problems in the operation of International businessThe globalization of the modern market has forced the organization to operate in anumber of different countries having different cultural values. The crossing of geographicalboundaries has led to the establishment of a new range of multicultural organizations wherepeople from all the countries with different languages, different race, and religion are workingtogether (Bowen and Zheng 2015) . The organizations are having a gala time operating in such astrange environment but operating and managing the company following the cultural values istough for the companies. An effective knowledge and use of cross cultural diversity can providethe management of the organization with a source of experience and innovative thinking toenhance the competitive edge of the organization. The main cross cultural issues that thecompany faces are as follows;
Operation of International Business_3

End of preview

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

Related Documents
Managing in Challenging Environment
|17
|5384
|2

Intercultural Management
|6
|1040
|54

International Management Assignment - Shonteur Inc
|8
|2403
|191

Professional Ethics - PDF
|7
|1390
|113

Business Proposal: ALT400 - Introducing a New Four-Wheeled Vehicle in the Asia-Pacific Market
|12
|655
|40

Organization Theories and the GM Crisis: A Case Study
|6
|565
|72