...316 Identify a global organization with a multinational presence. Identify and research a cultural issue that affects this organization’s interactions outside the United States. Define the issue and provide an overview of how became an issue in the organization. Prepare an analysis of the ethical and social responsibility issues your organization must deal with as a result of being global. ETH 316 – CUSTOM ORDER To purchase this visit following link: https://coursehomework.com/product/eth-316-custom-order/ Contact us at: HELP@COURSEHOMEWORK.COM ETH – 316 Identify a global organization with a multinational presence. Identify and research a cultural issue that affects this organization’s interactions outside the United States. Define the issue and provide an overview of how became an issue in the organization. Prepare an analysis of the ethical and social responsibility issues your organization must deal with as a result of being global. ETH 316 – CUSTOM ORDER To purchase this visit following link: https://coursehomework.com/product/eth-316-custom-order/ Contact us at: HELP@COURSEHOMEWORK.COM ETH – 316 Identify a global organization with a multinational presence. Identify and research a cultural issue that affects this organization’s interactions outside the United States. Define the issue and provide an overview of how became an issue in the organization. Prepare an analysis of the ethical and social responsibility issues your organization must deal...
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...316 Identify a global organization with a multinational presence. Identify and research a cultural issue that affects this organization’s interactions outside the United States. Define the issue and provide an overview of how became an issue in the organization. Prepare an analysis of the ethical and social responsibility issues your organization must deal with as a result of being global. ETH 316 – CUSTOM ORDER To purchase this visit following link: https://coursehomework.com/product/eth-316-custom-order/ Contact us at: HELP@COURSEHOMEWORK.COM ETH – 316 Identify a global organization with a multinational presence. Identify and research a cultural issue that affects this organization’s interactions outside the United States. Define the issue and provide an overview of how became an issue in the organization. Prepare an analysis of the ethical and social responsibility issues your organization must deal with as a result of being global. ETH 316 – CUSTOM ORDER To purchase this visit following link: https://coursehomework.com/product/eth-316-custom-order/ Contact us at: HELP@COURSEHOMEWORK.COM ETH – 316 Identify a global organization with a multinational presence. Identify and research a cultural issue that affects this organization’s interactions outside the United States. Define the issue and provide an overview of how became an issue in the organization. Prepare an analysis of the ethical and social responsibility issues your organization must deal...
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...Executive Summary The article begins by questioning the place of cultural boundaries in the place of international business. However, how can we really learn and incorporate another culture into own businesses practices. The article questions our methods of learning another culture and challenges us to no just learn the “black and white” rules of another culture but to actually learn about the settle differences and apply them to our daily practices. It will take more than studying and reading about other cultures to fully understand and connect with people of other cultures. The U.S department of education held a conference to evaluate the meaning of globalization and what it meant to different people around the world. People who oppose the idea of globalization view it as a tool to impose western cultural values on different cultures around the world. Many people view globalization as a tool of “cultural imperialism”, in which America can spread their pop culture and consumer values for their own elfish needs. However, others view globalization has necessary and essential agreement between nations to effectively and efficiently spread world resources. These people believe that globalization can help stem worldwide poverty in some areas and stimulate positive growth in developing countries. From a more objective perspective, globalization is the “embodiment of the world merging into massive transactional networks and nexuses of countries in terms of trade, commerce, capital...
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...Economics Global Business Management: Current Trends and Practices Michael Wisma Saint Joseph College of Indiana Today, problems associated with global business management have been identified as factors that negatively impact the performance and productivity of multinational corporations and in turn, adversely affect regional and national economic growth. While factors related to logistics and distribution are important when selecting international suppliers, they are inadequate when considered in isolation of internal and external forces. This paper engages in a comprehensive and systematic analysis of global supply chain management, particularly in terms of micro and macro cultural considerations. INTRODUCTION Organizations are facing increased global competition, economic uncertainties, and changing markets. Technology is changing the way we conduct business and manage information. Outsourcing of significant functions within businesses and organizations complicates the landscape of supplier relations. Suppliers and vendor partners may be located in the same city, region or country. But they are just as likely to be located halfway around the world, adding new challenges to business management. The growth of international strategic partnerships has risen exponentially in the last twenty years. Competing in a global marketplace has made it increasingly important to align business strategies with a risk management strategy that includes strengthening global supply...
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...CONCEPT OF MNC A multinational corporation is an enterprise that carries on business operations in more than one country. It extends its manufacturing and marketing operations through a network of branches and subsidiaries which are known as its foreign affiliates. According to a report of international labour office the essential nature of multinational enterprises lies in the fact that its managerial headquarters are located in one country while the enterprise carries out operations in a number of other countries as well.´ CHARACTERISTICS OF MNC: * Large size * Worldwide operations * Centralized control * Sophisticated technology * Professional management * International market * High brand equity ROLES OF MNC 1) MNC’s help to increases the investment level & thereby the income & employment in host country. 2) The transnational corporations have become vehicles for the transfer technology, especially to developing countries. 3) They also initiate a managerial revolution in host countries through professional management and employment of highly sophisticated management techniques. 4) The MNCs enable that host countries to increases their exports & decreases their import requirements. 5) They work to equalize cost of factors of production around the world. 6) MNC’s provide and efficient means of integrating national economies. 7) The enormous resources of multinational enterprises enable them to...
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...Global Human Resource Management By Michelle L. Johnstun Survey of Global Business MGT 430 Dr. Ed Goold D.B.A. M.B.A. February 12, 2013 Abstract Human Resource Management is related to the strategy of an organization in assisting a firm to reach its primary goal of “reducing the costs of value creation and adding value by better serving customers” (Hill, 2013). In order to be successful as a global HRM cultural differences and customs must be acknowledged and understood. Labor laws, compensation practices, equal employment legislation, and the enforcement of a firm’s established code of conduct are examples of the complexity in the role of a global HRM. Knowing how to staff, develop, compensate, and evaluate key management positions for global posts are critical to ensuring the success of an expatriate manager and the costs associated with doing business in another country. This paper will go into greater detail the strategic role of a global HRM in an International business setting; discuss the four major tasks associated with a global HRM which include: staffing policies, management training and development, performance appraisal, and compensation policies. Lastly, this paper will discuss the international labor relations; the relationship between management of labor relations and the firm’s overall strategy. CONTENTS Abstract …………………………………………………………………………………………..2 The Strategic Role of an International Human Resouce Manager ……………………………….4 Staffing...
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...This week’s paper targeted a global organization with a multinational presence. The company picked is Foxconn Technology Group. Within the paper the reader will gain a little insight on the cultural issue that affected the organization. The issue will be defined and an overview will be provided on how the issue became an issue in the organization. Also an analysis of the ethical and social responsibility issues Foxconn dealt with as a result of being global. Lastly the paper will identify the ethical perspectives, compare the perspectives across cultures involved, and describe a viable solution for the issue that was deemed acceptable to all stakeholders. Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group (forbes.com) is an electronic company based in Taiwan was founded in 1974. It is the world's largest electronics contractor manufacturer, and the third-largest information technology company. Foxconn is predominantly a contract manufacturer who is also known as a made to order manufacturer. Their clients include American, European and Japanese electronics and information technology companies. Products invented by this company are BlackBerry, iPad, iPhone, Kindle, PlayStation 4, Xbox One, and the Wii. The cultural issue that affected Foxconn’s interactions outside of the United States is the controversies that plagued the company in concern to how it manages employees in China. There has been a history of suicides in its factories blamed on working...
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...interest are sketched. Key words: corporations; EPRG model; General Electric; geocentrism; internationalization. JEL Classification: F23, F60, L20, M14, M30 I. INTRODUCTION EPRG model, sometimes called also EPG model, is used in the international marketing. It was introduced by Perlmutter (1969). The strategy of the organization is characterized by three factors: ethnocentrism, polycentrism and geocentrism. Hence, the original name - EPG. A little later, Wind, Douglas and Perlmutter (1973) extended this model by another factor - regiocentrism. The extended model is known as EPRG model, in short. This model aims to identify the orientation of the organization. The strategy can be differently oriented, indeed. As a result, costs and profits are generated in slightly different ways, depending on the mentioned kind of orientation. Therefore the identification of the right orientation is essential. For example, it is important that different activities of the organization are consistent with each other at various stages. It is also important that the culture of organization, its marketing strategy, etc. are consistent. Only then, the organization can operate efficiently on the market. The following...
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...and communicating between the state and the social which create the present word system.(Petrella,R,1989.p.64). Internationalisation is, about creating a new set of capabilities that make the company able to use resources on an ideal basis to join differentiated customer demand profitably and cost-competitively without regard for geography. Put more simply, internationalisation is about getting an organisation into a position of doing business in any market it chooses, and doing business is not just about marketing and selling. Looking at globalisation as a process of acquiring and renewing competencies helps us understand how and why new forms of organization are emerging to take on and defeat established high-profile companies. Additionally globalization is not restricted to large companies. Many very large companies are not global, and vice-versa. Our concepts of "top" or "leading" companies are changing too. One can justifiably pose the question whether many of the world's huge...
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...interest are sketched. Key words: corporations; EPRG model; General Electric; geocentrism; internationalization. JEL Classification: F23, F60, L20, M14, M30 I. INTRODUCTION EPRG model, sometimes called also EPG model, is used in the international marketing. It was introduced by Perlmutter (1969). The strategy of the organization is characterized by three factors: ethnocentrism, polycentrism and geocentrism. Hence, the original name - EPG. A little later, Wind, Douglas and Perlmutter (1973) extended this model by another factor - regiocentrism. The extended model is known as EPRG model, in short. This model aims to identify the orientation of the organization. The strategy can be differently oriented, indeed. As a result, costs and profits are generated in slightly different ways, depending on the mentioned kind of orientation. Therefore the identification of the right orientation is essential. For example, it is important that different activities of the organization are consistent with each other at various stages. It is also important that the culture of organization, its marketing strategy, etc. are consistent. Only then, the organization can operate efficiently on the market. The following...
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...Running Head: ETHICAL ISSUES AND MULTI-NATIONAL ENTERPRISE Veronica Mason Theory Digest Ethical Issues and Multi-National Enterprise University of Maryland University College October 13, 2012 Ethical issues and Multi-National Enterprises Today’s global marketplace presents ethical dilemmas for multinational corporations. Research has shown that ethical decision-making process becomes particularly challenging when the ethical standards in the company’s home country are higher than those in host markets. While ethical issues have become a current theme recently, organizations must continue to focus on improvement. Multi-National Enterprises need to make this a high priority within their organization. Ethics include basic human interactions: respect for differences, trust that our counterparts will work with us in a truthful manner, honesty in communication with others, and expectations that each of us will keep our word and maintain credibility (Olaru, 2009). Very few companies were established globally and little attention had not been given to the issue of ethical guidelines in a global setting. Global business ethics and social responsibility have now become a significant problem for many multinational companies. Attitudes toward ethics are rooted in culture and business practices (Caliskan, 2010). Ethical issues have become an interesting part of MNE’s focus. Literature has found that ethics is associated with levels of morality and general conduct...
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...the international marketplace, the competitive environment is more complex than ever. How can firms determine their level of competitiveness in a marketplace of expanded and increasingly intense rivalry? This chapter seeks to answer that question in a multi-faceted manner. First, the concepts of country-specific and firm-specific advantages are presented from the theories of international trade and the multinational firm. Firms must be aware of which advantages they can utilize in operationalizing their competitive advantages. The extent to which these advantages are transferable to other markets and not bound only to the markets in which a firm already operates will determine how successful that firm may be in new foreign markets. Then the Porter's Five Forces model is adapted as a systematic framework for analyzing the competitive environment in any market of the world. Finally, market-based and resource-based marketing strategies are compared. By skillful application of both perspectives, an organization may be well on its way to a profitable multinational presence. QUICK REFERENCE CHAPTER OUTLINE A. Introduction B. Country-Specific Advantages (CSAs) 1. Comparative Advantage & Absolute Advantage 2. International Product Cycle 3. National Competitive Advantages 4. The New Trade Theory 5. CSAs and Country-of-Origin Effects C. Firm-Specific Advantages (FSAs) 1. Knowledge-based FSAs 2. Marketing-Related FSAs 3. Transferability...
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...Discuss the HR challenges faced by a Kenyan multinational in East Africa. Corporate Culture Corporate culture refers to the values and behaviors that contribute to the unique social and psychological environment of an organization. Research has proven that culture influences organizational performance, whether performance is defined in terms of customer satisfaction, attendance, safety, stock price or productivity. Human resources plays an active role in the development of an organizational culture. Great workplaces with a great corporate culture are more financially successful than their peers. Great workplaces have lower employee turnover than their competitors and are able to recruit top talent that fits their culture and needs. The end result is that they provide top quality customer service and create innovative products and services that contribute to their overall financial success. There is a strong relationship between cultures and hiring that comes into play with employee sourcing, selection and retention. Cultural fit is the makeup of someone. It’s who they are and what they bring to the table. Generally it can’t be taught. If your corporate culture is not in synch with your candidate, it will be difficult to change them. Most people can pick up new skills with relative ease if you have the time to train them. Most companies pay relatively little attention to culture despite its importance. It has been proven that actively managing and developing culture through hiring...
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...Elements and Drivers of International Business 1. Globalization of Markets: It refers to the merging of national markets into one huge global marketplace. Now selling internationally is easier due to falling barriers to cross-border trade. A company doesn’t have to be the size of these multinational giants to facilitate and benefit from the globalization of markets. It is important to offer a standard product to the worldwide. But very significant differences still exist between national markets like consumer tastes, preferences, legal regulations, cultural systems. These differences require that marketing strategies in order to match the conditions in a country. To illustrate, Wal-Mart may still need to vary their product from country depending on local tastes and preferences. 2. Globalization of Production: It refers to the sourcing of goods and services from locations around the world to take advantage of national differences in the cost and quality of factors of production. The idea is to compete more effectively offering a product with good quality and low cost. For example, Nike is considerate one of the leading marketers of athletic shoes and apparel on the world. The company has some overseas factories where has achieved a super production with low cost. Unfortunately Nike has been a target of protest and persistent accusations that its products are made in sweatshops with poor working conditions. The company has signalled a commitment to improving working conditions...
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...Payne International Finance Coca Cola (CCE) has a huge footprint across the world. They are located in over 200 countries. With a footprint of that size it is vital for CCE to work with an investment bank. A discussion of the global banking process and how it has assisted CCE, how regulatory bodies affect financial decisions, and evaluate contemporary issues in international financial management. Global Investment Banking Investment banks are institutions that support companies, for instance, Coca Cola (CCE) in many different ways. First, they assist CCE in raising capital. Second, they offer advice on major transactions including mergers and financial restructuring. Finally, they engage in trading and market making activities for CCE (Gitman, 2014). Coca Cola is sold in over 200 countries. In fact there are only 2 countries in which Coca Cola is not sold, Cuba and North Korea. Both of these countries are under long-term US trade embargoes. However, the rest of the world is able to sell Coca Cola without any issues. In the last six months Coca Cola has acquired SABMiller, Appletiser brands and 19 non-Alcoholic ready to drink brands in Africa and Latin America (Bloomberg, 2014). The acquisition cost CCE $260, but gives them a bigger presence in Africa and Latin America. An acquisition of this nature is done with the help of an investment bank who in most cases will help with the financing of the purchase of the new company. In 2014 Coca Cola also added Gold Peak tea...
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