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Pages:
3 pages/≈825 words
Sources:
8 Sources
Level:
APA
Subject:
Business & Marketing
Type:
Coursework
Language:
English (U.S.)
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MS Word
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Topic:

Multinationals: Business Problems (Coursework Sample)

Instructions:

Question 1
1. How could a multinational company’s poor adaptation to the cultural environment of a nation lead to the company’s failure in management? Provide suggestions for ways to prevent the failure.
Your response should be at least 200 words in length.
Question 2
1. How can Regional Trade Agreements (RTAs) help in reducing trade barriers and in improving global economy? What roles can multinationals play to further the objectives of RTAs?
Your response should be at least 200 words in length.
Question 3
1. The operations of multinational managers are made complex given the diverse cultural environments in which they operate. Discuss the three diagnostic models available to help the multinational manager. What impacts would these have on your management operations?
Your response should be at least 200 words in length.
Question 4
1. Identify the recent developments in technology affecting business and propelling globalization. What problems/challenges have arisen regarding use of the Internet for the global business environment and what probable solutions can you suggest?
Your response should be at least 200 words in length.
Question 5
1. The gradual demise of communism has become obvious within the past two decades. Write a brief summary of the implications of transitions to capitalism that formerly communist countries may be experiencing. What kinds of socio-economic challenges do you think multinationals face in those countries?
Your response should be at least 200 words in length.
Question 6
1. Describe the basic principles of ethical philosophy as they relate to business ethics.
Your response should be at least 200 words in length.
Question 7
1. Discuss how the social institutions and their basic forms could help you as the Vice President of International Operations in a Fortune 500 company to choose which target country in which to establish your subsidiary
Your response should be at least 200 words in length.
Question 8
1. When should you use ethical relativism, and when should you use ethical universalism? What are problems of each? As a multinational manager, what should you do to eliminate or reduce the problems?
Your response should be at least 200 words in length.

source..
Content:

Multinationals
Name
Institution
Question 1
Globalization has brought many opportunities, which surpass the local environment to international opportunities. It is now common to come around cross-cultural and multinational terms as businesses are benefiting from the increased knowledge which is new and based and has insightful approaches to related business problems. However, there are disadvantages and stumbling blocks to this growth, and one of them is that these multinational face shock regarding culture and international business. Culture is observed as the set and accepted common norms, which are shared by society. However, in the international business environment, what is potentially acceptable and common professionally in one country could differ in another.
Culture can influence organization in various ways. One is language, culture collisions, and pricing difficulties. As mistakes sometimes are difficult to correct, the organization ought to thoroughly research about the foreign culture. This will help managers in keeping delivery times as well as in planning. To prevent failure in management because of foreign culture, there is need to have an effective communication for example what is common in one country like a handshake or direct eye contact may be unusual in another country and hence mode of interaction needs to change for the management (Briscoe, Tarique & Schuler, 2012). Organization hierarchy and the set attitudes towards management may determine success in management. In the organization, the subordinate staff will feel free to question the decision, speak up in a meeting, and express themselves if the management adheres to the cultural norms. Organization hierarchy helps in this part.
Question 2
Regional trade agreements have been observed to be the key answer to fix the international trade relation by reducing trade barriers and in turn, increases the rate of global economic growth. Today, RTAs have increased in numbers, and their strategies have grown to be more complex and vary in depth (Porter, 1986). The Secretariat and the WTO members are enhancing transparency and increasing understanding of the nature of their activities as well as the impact to the multilateral trading system through fostering discussions. RTAs reduce and eliminate tariffs which are the main barriers to trade. Members of an RTA can agree on tariffs to exports or imports thus increase the flow of goods improve the economy. RTAs do encourage the creation of jobs and investments which are based on trade opportunities. RTAs do foster strong ties and secure borders. This is because efficient trade does can only occur in an environment that is peaceful and promises prosperity.
Multinationals are in a position to further the objectives of the RTAs in a couple of ways. One of them is simply by participating, as many organizations aim at maximizing profit most forget the society around them. Multinationals engaging in cross border trade needs to be managed properly in a manner that they protect themselves against risks and credit.
Question 3
Multinationals are complex to manage and run because they face many challenges such as legal, political, religion, environment, and culture. The cultural environment is one the complex factors that hamper managers efforts in a multinational. The three levels of culture include a national culture that is dominant within political boundaries of a country, a business culture that includes the values, norms, and beliefs relating to aspects of the business activities in culture and the organizational and occupational culture. To conquer the challenges brought about by culture managers are represented with their diagnostic models based on multinational settings. These include the Hofstede model ...

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