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    Management Chapter 5 - Managing in The Global Arena

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    Amna Yusuf
    This document outlines the key topics and objectives covered in a textbook on international management. It discusses the importance and opportunities of international business, as well as the challenges of cultural differences, technology levels, laws, and political systems across countries. It defines multinational corporations and categorizes organizations based on their international involvement. It also covers managing the multinational workforce, planning and organizing internationally, and special issues like ethics and preparing expatriates for foreign assignments.

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    Management Chapter 5 - Managing in The Global Arena

    Uploaded by

    Amna Yusuf
    830 views20 pages
    This document outlines the key topics and objectives covered in a textbook on international management. It discusses the importance and opportunities of international business, as well as the challenges of cultural differences, technology levels, laws, and political systems across countries. It defines multinational corporations and categorizes organizations based on their international involvement. It also covers managing the multinational workforce, planning and organizing internationally, and special issues like ethics and preparing expatriates for foreign assignments.

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    Management Chapter 5--Managing in the Global Arena

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    This document outlines the key topics and objectives covered in a textbook on international management. It discusses the importance and opportunities of international business, as well as the challenges of cultural differences, technology levels, laws, and political systems across countries. It defines multinational corporations and categorizes organizations based on their international involvement. It also covers managing the multinational workforce, planning and organizing internationally, and special issues like ethics and preparing expatriates for foreign assignments.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    830 views20 pages

    Management Chapter 5 - Managing in The Global Arena

    Uploaded by

    Amna Yusuf
    This document outlines the key topics and objectives covered in a textbook on international management. It discusses the importance and opportunities of international business, as well as the challenges of cultural differences, technology levels, laws, and political systems across countries. It defines multinational corporations and categorizes organizations based on their international involvement. It also covers managing the multinational workforce, planning and organizing internationally, and special issues like ethics and preparing expatriates for foreign assignments.

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    Attribution Non-Commercial (BY-NC)
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    Prentice Hall, 2005

    1-1

    Objectives
    1. An understanding of international management and its importance to modern managers 2. An understanding of what constitutes a multinational corporation 3. Insights concerning the risk involved in investing in international operations

    4. Insights into those who work in multinational corporations


    5. Knowledge about managing multinational corporations 6. Knowledge about managing multinational organizations versus transnational organizations 7. An understanding of how ethics and the preparation of expatriates relate to managing internationally
    Prentice Hall, 2005

    1-2

    Managing Across the Globe:Why?


    Great opportunities in the international marketplace today U.S. population growth slow but steady Other countries having population explosions Strong profit potential has serious risk Some challenges are:
    Cultural differences Different technology levels Laws and political systems

    Prentice Hall, 2005

    1-3

    Fundamentals of International Management

    Prentice Hall, 2005

    1-4

    Categorizing Organizations by International Involvement

    Prentice Hall, 2005

    1-5

    Categorizing Organizations by International Involvement


    Domestic

    Organizations Organizations Organizations:The Multinational Corporation

    International Multinational

    Defining

    the Multinational Corporation

    Prentice Hall, 2005

    1-6

    Categorizing Organizations by International Involvement

    Prentice Hall, 2005

    1-7

    Categorizing Organizations by International Involvement

    Prentice Hall, 2005

    1-8

    Categorizing Organizations by International Involvement

    Prentice Hall, 2005

    1-9

    Categorizing Organizations by International Involvement

    Prentice Hall, 2005

    1 - 10

    Categorizing Organizations by International Involvement


    Complexities

    of Managing the Multinational Corporation

    1. Within different national sovereignties 2. Under widely disparate economic conditions 3. Among people living within different value systems and institutions 4. In places experiencing the industrial revolution at different times 5. Often over greater geographical distance

    6. In national markets varying greatly in population and area

    Prentice Hall, 2005

    1 - 11

    Categorizing Organizations by International Involvement

    Prentice Hall, 2005

    1 - 12

    Categorizing Organizations by International Involvement


    Risk

    and the Multinational Corporation

    1. Reduce or eliminate high transportation costs 2. Allow participation in the rapid expansion of a market abroad 3. Provide foreign technical, design, and marketing skills 4. Earn higher profits
    The

    Workforce of Multinational Corporations


    of Organization Members Found in Multinational Corporations

    Types

    Expatriates Host-Country Nationals Third-Country Nationals


    Workforce

    Adjustments

    Adjusting to a New Culture Repatriation


    Prentice Hall, 2005

    1 - 13

    Management Functions and Multinational Corporations


    Planning

    in Multinational Corporations

    Plans for multinational organizations could include:


    1. Establishing a new sales force in a foreign country 2. Developing new manufacturing plants in other countries 3. Financing international expansion 4. Determining which countries are most suitable
    Components

    of International Plans

    Imports/Exports License Agreements Direct Investing Joint Ventures


    Planning

    and International Market Agreements

    The European Union (EU) North American Free Trade Agreement (NAFTA) Asian-Pacific Economic Cooperation (APEC)
    Prentice Hall, 2005

    1 - 14

    Management Functions and Multinational Corporations

    Prentice Hall, 2005

    1 - 15

    Management Functions and Multinational Corporations

    Prentice Hall, 2005

    1 - 16

    Management Functions and Multinational Corporations


    Organizing

    Multinational Corporations

    Organization

    Structure Selection of Managers


    Managerial Attitudes Toward Foreign Operations Advantages and Disadvantages of Each Management Attitude
    Influencing
    Culture

    People in Multinational Corporations

    1. Acquire a working knowledge of the languages 2. Understand the attitudes of people 3. Understand the needs that motivate people
    Controlling
    Special

    Multinational Corporations

    Difficulties Improving Communication


    Transnational
    Prentice Hall, 2005

    Organizations
    1 - 17

    Management Functions and Multinational Corporations

    Prentice Hall, 2005

    1 - 18

    International Management: Special Issues


    Maintaining

    Ethics in International Management

    Respecting

    Core Human Rights Respecting Local Traditions Determining Right from Wrong by Examining Context
    Preparing
    Culture

    Expatriates for Foreign Assignments

    profiles Cultural adaptation Logistical information Application

    Prentice Hall, 2005

    1 - 19

    Questions
    Prentice Hall, 2005

    1 - 20

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