Project #85884 - International MGMT Discussion responses

Four separate responses needed 100 word count for each APA Format no cover sheet needed just references

1.Hi Paul,

Great post! Good job for discussing some of the factors global managers should take into consideration when they are managing negotiations in foreign countries. According to Deresky (2014), global managers must understand whether the other parties represent their companies or countries, and must know the composition of the teams involved, the power allotted to the members, and the extent of the team's preparation (Deresky, 2014). In most parts of the Asia, Middle East, Africa, and South America it is important to grasp the significance personal trust in the relationship. According to Genesis 21:23 (Links to an external site.) "now therefore, swear to me here by God that you will not deal falsely with me or with my offspring or with my posterity, but according to the kindness that I have shown to you, you shall show to me and to the land in which you have sojourned."  Please share your thoughts. Thank you.

Reference

Deresky, H. (2014). International management: Managing across borders and cultures (11th ed.). Upper Saddle River, NJ: Pearson Educational, Inc

 

2.Hi Melissa,

Excellent post! Well done for analyzing the Philippines' negotiation styles. Discuss the kinds of concession strategies a negotiator might anticipate in various countries. Please share your thoughts. Thank you.

 

3.Regionalization is a strategy that multidomestic companies can implement in order to satisfy the specific preferences of their consumers. This strategy would be applicable within industries that are competitive on country by county basis and cannot operate successfully under globalization strategies (Deresky, 2014, pp. 189-191). According to the text book, “By ‘acting local,’ firms can focus individually in each country or region on the local market needs for product or service characteristics, distribution, customer support, and so on (pp. 190-191).”  

As multidomestic companies utilize regionalization strategies as a competitive advantage, technological advances can assistance in successfully understanding and reaching markets with cultural differences than the parent subsidiary. Individuals across the globe have the ability to build relationships with other cultures.  This cultural exposure is a positive experience because the more cultures are exposed to one another, the more accepting of those cultures they become (Deresky, 2014, p. 89).  A challenge with regionalization is that companies “must reflect local markets, customs, languages, and currencies to be successful in foreign markets (p. 91).”  The ability to communicate and build relationships via technology gives multi domestic companies an advantage to understanding their consumers in their target market. Because an overall global appeal is difficult to achieve, cultural differences should be recognized, and companies should localize in order to achieve global success (p. 91). 

As time advances, strategies will evolve to support the needs of businesses and consumers. However, Solomon reminds us in Ecclesiastes 1:9 that “There’s nothing new on this Earth (MSG).” Our methods, technologies, preferences, and strategies may change, but we are still people dealing with the same issues- seeking to operate more efficiently, to satisfy our desires, to increase our wealth, etc. Our cultural beliefs may vary but here are common threads running through the human race.  

Reference

Deresky, H. (2014). International management: managing across borders and cultures. (8th ed.) Upper Saddle River, NJ: Prentice Hall.

 

4.

 "For those firms in multidomestic industries—those industries in which competitiveness is determined on a country-by-country basis rather than a global basis—regional strategies are more appropriate than globalization" (Deresky, 2013, p.190). By focusing on localization organizations can better focus on what products or services best suits each local market.  One example given in the textbook was the right-hand-drive cars for Japan (Deresky, 2013, p.190).  With the advance of technology I see localization/regionalization growing and changing more to offer more choices for products/services customized to each local market.  Technology allows organization to reach more areas, it allows the organizations to do research to find out what the markets differences are.  With technology advancement organizations can customize websites for each region which could help increase business.  

"Ghemawat uses the CAGE perspective taking in account the similarities and the differences.  CAGE includes cultural distance, administrative distance, geographical distance and economic distance" (Deresky, 2013, p.190).  

Companies that have only focused on being global instead of localizing have had to make some changes in order to remain in the competitive market successfully.  

The implications for faith both locally and abroad need to be considered for each market.  A organization should respect the faith and spiritual rituals for each market and ensure that they do not offend or disrespect those in each regional market.  In saying that, there is also the faith or beliefs that the organization management has and there may be markets that they choose not to enter if it means they would have to deny God.  That would be very important to me.  The money and expansion into a market where I had to deny my God would NOT be an option for my business. 

 

Reference:

Deresky, Helen. International Management: Managing Across Borders and Cultures, Text and Cases, 8th Edition. Pearson Learning Solutions, 2013-01-01. VitalBook file.

Subject Business
Due By (Pacific Time) 10/09/2015 12:00 am
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