...Ellen Moore Living And Working In Korea Management Essay In recent years, globalization has accelerated the emergence of many global companies that operate across geographical borders and require high levels of cross-national interdependence and cross-border flow of products, technology, capital and people. Businesses are expanding internationally through alliances and joint ventures, as well as mergers and acquisitions. This driving force has resulted in a growing number of people seeking international careers outside of their home countries. Ellen Moore, an experienced systems consultant who worked for Systems Consulting Group (SCG), a unit of Western Systems Inc. (WSI), was sent to Korea to manage a project involving a team of North American and Korean consultants. WSI newly entered the Korean market in 1990 through forming a joint venture (JVI) with Korean Conglomerate Inc. (KCI). Ellen was selected based on her strong background in project management, her creativity and technical abilities. She also had successful international experience working in Bahrain before, which may be helpful to her journey working in Korea, a new different foreign country. Ellen Moore- the international manager For Ellen, an expatriate manager who has limited knowledge of Korea and did not obtain any training from SCG prior to her arrival in Korea, living in Korea produced constant and unexpected challenges to the ways of perceiving, acting and valuing things, making it difficult for her to...
Words: 3114 - Pages: 13
...They have invested in some high-potential companies that could fuse well with its e-commerce business. To face the competitions from the companies in the same type, I agree with that they are going to make a virtual world to further reduce the competition. Moreover, while fighting to stay at the front line in Chinese e-commerce, Alibaba has ambitions of going international. Its initial strategy to bring Taobao abroad is clear: target Chinese users outside mainland China. As the mere description in Part 1, expanding to Korea with wholly owned model is the best way for a company like Alibaba. I think Alibaba’s main goal is maintaining their status in Asian by entering Korea. Alibaba’s intermediary model has replicability, which provides samples for other competitors to enter the industry, also increased their own competitors. It’s easy to enter the service industries with low barriers. Entering Korea could increase the popularity of Alibaba and bring more foreign capitals for them. With the international brand and huge capital’s help, Alibaba can beat new competitors easily. Moreover, with the China-South Korea Free Trade...
Words: 3008 - Pages: 13
...Analysis of South Korea John Smith University of Rochester BUS 800 – INTERNATIONAL BUSINESS Dr. Peterson March 6, 2015 Abstract Today, the United States conducts a substantial amount of business with South Korea. It is important that American managers, entrepreneurs, and businessmen understand the South Korean social, cultural, and religious dimensions of the nation. The South Korean culture and customs are uniquely different from those of the United States. The culture and customs of the United States are based on European traditions and religious Christian beliefs. The culture and customs of South Korea are based on Confucianism’s way of life, Buddhism’s individual salvation, and since the 1950’s Christianity’s redemption of the soul. American businesses that incorporate South Korean culture into American business practices will develop long lasting business relationships with their South Korean counterparts. American businessmen working in multinational corporations have adjusted well the collectivist culture of South Korea. Multinational enterprises considering cross border business in South Korea can feel safe investing in South Korea. Keywords: South Korea, United States, cultural dimensions, multinational business, Hofstede. Introduction South Korea is one of the United States most important strategic and economic partners in Asia. Members of Congress tend to be interested in South Korea for political purposes. South Korea has development into...
Words: 7498 - Pages: 30
...Managing people in the global enviroment: What to take in to account? ( examples) My first key learning is related to the fact of how stereotypes can make you think that there’s no business opportunities in a country. Before hearing the presentations of Botswana, Georgia and Korea I thought them as countries with no many economic development and stuck in the past century but of course this is a completely wrong assumption. Korea is not only about communism, Botswana It’s more tan tribes and Georgia is one of the fastest growing countries in Eastern Europe. For example, I was really shocked to discover that Gaborone looks like any European or Us capital.This shows that even if I have travelled to many places and somehow I have an international background,stereotypes are always there and its important to get rid of them in order to take advantage of all the opportunities that countries can offer you in the business field. This shows that even if I have travelled to many places and some how I have an international background, sterotypes are always there and its important t get rid of them in order to take advantage to all the opportunities that countries can offer you in the business field. But even if Globalization has made that cultures across countries shared more characteristics, the roots of each one are still there.This means that before any meeting we should ask ourselves: Who are we dealing with? What do we expect and what are they expecting from us? For instance...
Words: 561 - Pages: 3
...International Management: Managing Across Borders and Cultures, Text and Cases, Seventh Edition SEVENTH EDITION FEATURES • Streamlined text in eleven chapters, with particular focus on global strategic positioning, entry strategies and alliances, effective cross-cultural understanding and management, and develop- ing and retaining an effective global management cadre. The seventh edition has been revised to reflect current research, current events and global developments, and includes company examples from the popular press. In Chapter 1, we introduce trends and developments facing international managers and then expand those topics in the context of the subsequent chapters. For example, we discuss developments in globalization and its growing nationalist backlash— in particular resulting from the global financial crisis. We discuss the effects on global business of the rapidly growing economies of China and India and other emerging economies such as those in Africa, and the expansion of the EU; the globalization of human capital; and the esca- lating effects of Information Technology and the global spread of e-business. We follow these trends and their effects on the role of the international manager throughout the book. For exam- ple, in Chapter 6 we focus further on strategies for emerging markets, while also dealing with changing strategies to respond to economic decline around the world and an increasing level of nationalism in some industries; we have a...
Words: 1340 - Pages: 6
...Sarkunarajah S B1001971 Wan Arjunaidi Bin Awang @ Wan Abdul Halim E0300073 Abstract Samsung portrayed a very interesting and impressive success story in every aspect of development. Although they were hit hard by financial crisis in 2009, Samsung survived the ordeal with their impressive financial performance. The astonishing part of their achievement is mostly guided by internal management capability, positive aligned culture and belief system that empowering human capital is the foundation in building and maintaining a great organization. Their strong belief system in emphasizing and investing on employees well being pays off when they become the leading company beating some of the top companies such as Sony, Apple and HTC. The process and development of human capital was never an easy matter for Samsung, in fact the culture has been practiced and improvised regularly ever since 1950 to fit to the demand and maturity of the current society and technology. Nevertheless at the end, Samsung indeed make a marked in the world with sustaining a Single Samsung culture. 1. Perform a PEST on Samsung and identify the change drivers POLITICAL | ECONOMIC | * Work hand in hand with the government; consist the same agendas and values.Change driver- Globalization Promotion Committee consisted of a set of committees on policy planning, administrative reform, educational reform, science and technology influences Samsung as well. | * Main contributor of economy status in south...
Words: 6166 - Pages: 25
...Lowe’s seeks new international markets to expand its highly successful home improvement model, the opportunities in the Asia market provide a unique untapped region. In Korea, recent political changes have opened its economy to foreign investors and businesses. Korea’s strong economic growth provides Lowe’s with the ideal situation of opening up stores before their competitors. Based on research I conducted, this assessment considers the potential of expanding Lowe’s into the Korean market. With any major investment, it is important to consider the monetary and non-monetary aspects including gaining an understanding of the culture, the ideal management approach, past and future trends, along with political roadblocks. In this paper, the following information provides a roadmap to the decision-making process. First, an assessment of the Lowe’s vision, mission, and promise are discussed and compared to the similarities and differences within Korea. Then, an analysis considers Korean trends that support the expansion of Lowe’s. Next, a culture assessment of Lowe’s base country (USA) is compared against Korea including management styles to consider for the local corporate office and stores. Lastly, a communication strategy is discussed based on the cultural assessment and offers best practices for the expansion of Lowe’s into Korea. This paper is intended to assist Lowe’s senior managers begin an assessment of expansion into the Asian market via Korea by highlighting key...
Words: 3561 - Pages: 15
...Impact of Globalization Globalization of Markets: Refers to the merging of historically distinct and separate national markets into one huge global market place. Falling barriers to cross border market have made it easier to sell internationally. It has been argued for some time that the tastes and preferences of consumers in different nations are beginning to converge in some global norm, thereby helping to create a global market, for example Nike shoes are worn all over the world from Canada to Argentina, and from New York to Tokyo most people know about the brand name and demand that stores carry the brand. I recently visited the country of Colombia and found out that mostly everything that’s available in New York is available there also. I was able to find Rolex watches, Apple computers, Mercedes Benz luxury automobiles and so on. A company does not have to be the size of a multinational in order to participate and benefit from globalization of markets, any small firm can participate in the worldwide trade provided that they get the proper contacts and they do the proper due diligence to make sure they are working with legitimate companies in order to assure themselves to get paid for their goods and services because otherwise it would be very hard to collect on debt from overseas. The most global markets currently are not markets for consumer products, where national differences and tastes are still important enough to act as a brake on globalization. For example...
Words: 1807 - Pages: 8
...{draw:rect} {draw:rect} {draw:rect} {draw:rect} SIEMENS IN SOUTH KOREA International Management and Organizational Behavior {draw:frame} Zainy Alvarez Alejandro Padilla Julio Gómez Rodrigo Solares l. ENVIRONMENT ANALYSIS Following are South Korea’s country analysis information: {draw:frame} II. ANALYSIS OF MCN Innovation has always been one of the most important elements in Siemens' business strategy. Innovations help the cut costs, increase sales and achieve higher earnings. Nowadays, those who fail to launch the right new product on the market at the right time will be punished more severely than ever before. According to Siemens there are 3 innovation strategies when relating to time: First movers – These are highly innovative firms that rapidly react and are the first to market a new technology, application or business model. Fast followers – These are the companies that avoid risky starts and high R&D costs, but win market share by improvements in price, quality or service from the first mover companies. Trendsetter – These are the companies that succeed in establishing a new technology and disruptive technologies that can revolutionize the market in the future. This is where companies aiming to obtain high profits should be putting their efforts just like Siemens is. There are many other strategies that Siemens is pursuing in order to improve quality of life for their customers and...
Words: 1744 - Pages: 7
...With the development of globalization, people live in an increasingly culturally dissimilar world. The changing environment forces international companies to re-construct their strategies and tens of thousands of people leave their countries for better education, career, and life opportunities. In the context, not only international companies but also domestic firms have no other options except hiring people from diverse cultures. It has become a usual phenomenon that a growing number of people with diverse cultural backgrounds exist in different organisations. The activities of human beings are heavily influenced by culture on various levels, e.g. individuals, nations and organizations, the influence of which also takes actions in investments trades and further relationships (Crossman, Bordia & Mills 2010). Organizational culture is one of the most important elements to achieve success. Defined by Barney (1986), organizational culture could be considered as the integration of value, belief, assumption, and symbols, and leads the development of a firm - to define its relevant employees, customers, suppliers, competitors, and related key factors. Brett, Behfar & Kern (2006) argued that multi-cultural groups usually fall into troubles on management. It would likely be difficult to refuse this opinion, and, definitely, this opinion makes good sense in some views. Cultural differences can leads to loss of productivity and can have negative impact on company moral. It is...
Words: 1377 - Pages: 6
...Introduction International business covers all transactions undertaken between enterprises from two or more countries. In order to finalise a transaction companies have to form international operational structures distinct from those applied in their domestic market. Besides knowledge of international strategies managers need to comprehend the interdependence between the strategies and their financial results. Differences between an international and a domestic business concern commercial practices, the scope of managerial decisions, disparities in legal systems, as well as restraints put in place by governments, limitations connected w ith different currencies, not to mention cultural differences. Different business cultures in different countries lead to distinct commercial practices. Therefore, executives operating internationally encounter difficulties that people managing enterprises on a local scale do not have to face. Cultural differences are of fundamental importance for running an international business . The aim of this essay is to indicate the impact of cultural differences on the business strategy formulated for various countries and to show the significance of knowledge about the culture, behaviours, customs and traditions of the partner country in international business. This article is composed of three parts. The two first parts comprise a theoretic essay, in which native cultures are described in the context of international management, and...
Words: 3567 - Pages: 15
...Journal of International Business and Cultural Studies When East and West Meet, Page 1 When East and West Meet: An Essay on the Importance of Cultural Understanding in Global Business Practice and Education S. J. Chang Illinois State University ABSTRACT As today’s business decisions and choices are increasingly influenced by the diverse cultural backgrounds and perspectives of various corporate stakeholders, it is critical for business managers to have multicultural understanding. This motivates us to refine our business perspectives and approaches in global arena as well as our educational philosophies on global business management. Based on casual yet experiential discussions, this essay presents some cohesive points on comparative cultural understanding and business implications thereof between the “West” and the “East,” which is presupposed by the cultural contrasts between America and Korea. It can hopefully serve as a practically meaningful guideline for business practice and education on multiculturalism. Keywords: multiculturalism, global business management, comparative cultural understanding Journal of International Business and Cultural Studies When East and West Meet, Page 2 INTRODUCTION Thanks to the rapid and continuous expansion of large global businesses, today people, capital, information, and technology travel more freely, rapidly, and widely than ever. The everexpanding scope and scale of large global firms over the recent decades have...
Words: 5218 - Pages: 21
...From traditional to critical security Why security? * It is fundamental to international relations. * States will often regard security as one of the most important factor. * Refer to lecture slides What is security? * Security most heavily contested and discussed concepts. * Security is inherently subjective 3 core lines of disagreement between scholars over security ( Test ) * What should we seek to secure? * What do we need to secure? What are most important to states? * Who or what should be responsible for providing security? The state? Or the people? Traditional security studies * Focuses on Military forces, states, armed conflict. * Liberalism was a popular approach to study of IR * Realists opposes them * Concept of security became closesly associated with military dynamics of cold war * Nuclear weapons were developed. * States are responsible for providing their own security * The states is always central for the 3 core lines * Main method for securing the state is to bolster high military grade technology and weapons Critical security studies * It responds to the first question of what should we secure by suggesting that it is the individual or other things * IT suggests that we should secure the individual. * It covers different theoretical approaches. * Professor Keith Krause, Ken Booth and Michael Williams were the key people that wrote on CSS * Read ketih Krause article...
Words: 687 - Pages: 3
...with identifying of issues and opportunities and ending with the optimal solution, implementation of the solution, and an evaluation of the results. Situation Analysis Issue and Opportunity Identification Riordan Manufacturing has an existing facility in China that has been so successful in the past year, the Chief Executive Officer, Dr. Michael Riordan, has decided to look at the potential of expanding the facility to supply additional components globally. The key players represent a wealth of experience in the chemical and plastics industry, international operations, and working within the China province of Hangzhou. However, the management team has less knowledge of cross-cultural issues that could affect the production and delivery schedules for the new facility (University of Phoenix, 2011). Riordan has not considered the differences in cultural values in hiring land motivating labor originating from India, Pakistan, and Korea. Therefore, there is an opportunity to become educated on varying cultural beliefs and values. Additionally, it will be crucial for Riordan to further understand their diverse workforce by delving into cultural dimensions of larger cultural groups. Doing so will explain what lies beneath the behaviors and actions of...
Words: 2975 - Pages: 12
...Introduction Culture has a major influence on international and local businesses. Firms today have to deal with the reality of cultural diversity not just on the international business scene but also within their organizations. Understanding this diversity and successfully interpreting it helps to realize and take advantage of the opportunities provided by globalization. Analyzing the cultures of triumphing companies and countries helps to compare, contrast and learn from their path to glory. Based on these facts, this research paper will study three different successful electronics companies from three different countries/cultures. These are Apple Inc. of USA, Samsung Electronics of South Korea and Sony Corporation of Japan. Apple and Sony Corporation are both involved in many types of business activities and Samsung Electronics is part of a larger multinational conglomerate (Samsung group) which comprises numerous affiliated international businesses. However due to size and commonality of products, this research will focus on their electronics business with specific attention to Mobile devices (Smartphone and mobile computing devices). This research paper will briefly touch up on the activities of the three companies and how cultures of their respective countries influence their corporate culture, management style and overall business activities. The purpose of such research is to analyze the corporate culture of each company in relation to their respective country of origin...
Words: 3521 - Pages: 15
