This report delves into the intricacies of international management, focusing on the dynamics of global virtual teams. It begins with a reflection on a presentation covering the impact of regional cultural issues on international businesses. The report highlights the importance of understanding cultural differences to avoid business failures. It critically evaluates factors affecting virtual team operations, distinguishing between success factors such as supportive HR policies, career development systems, technology training, and effective communication tools, and failure factors like poor communication, remote project management challenges, relationship nurturing difficulties, lack of focus, and accountability issues. Furthermore, the report references Hofstede's and Trompenaars' cultural dimensions models to compare cultural approaches in different countries like China, South Africa, and France. The analysis concludes by emphasizing the need for multinational organizations to adopt strategies that comply with regional cultural requirements and promote an open working environment to foster growth opportunities. This document is available on Desklib, a platform offering study tools and solved assignments for students.
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