Managerial Challenges while Pursuing Global Expansion

Global Expansion Report
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Global Expansion Report
Global expansion has become a necessity for organizations that want a strong market hold and competitive edge. Hamilton and Webster (2018) state that many organizations are globalizing because of increased competition in local and global markets. Organizations that fail to globalize when facing such competition are forced into smaller domestic markets or out of business entirely. Thus, this company must explore global expansion to benefit from the power of international markets and business. However, it is also essential for the company to understand not only the benefits of global expansion but also the potential challenges. This report outlines the findings of the managerial challenges that the organization's leaders will encounter while pursuing global expansion. A team of five organizational members has prepared the findings.
Team Performance Challenges
Before proceeding to the findings on global expansion, this report will highlight potential challenges that may impact the team's performance in completing the project.
Conflict
One of the primary team performance challenges is conflicts between team members. The team comprises individuals from different departments who have never worked closely together. They have individual preferences and perspectives on how to accomplish goals, which can hinder cooperation in completing the team task (Buchanan & Huczynski, 2019). This will limit the team’s ability to work together towards a common goal.
However, this challenge will be managed by acknowledging the conflict and the differences between team members and then working towards achieving a favorable resolution. Each member will have a chance to share their viewpoints. Buchanan and Huczynski (2019) reveal that team members can reach a resolution when they feel seen and heard.
Lack of Trust
As mentioned earlier, the team members are from different departments and have never worked together. As a result, they may not be too trusting of each other. As Costa et al. (2017) reveal, it is more difficult to develop trust between teams than between individuals. Consequently, the lack of trust between teams affects team performance because it hinders close cooperation and interdependence.
This challenge will be addressed by engaging the team in trust-building activities such as trust pinball or meal preparation. According to Costa et al. (2017), such trust-building activities help team members develop interpersonal relationships, which are beneficial in trust-building.
Lack of Clarity
Another challenge is the lack of clarity on the task and goal of the team. According to Buchanan and Huczynski (2019), when team members are unclear about what needs to be done and achieved, they are more likely to be frustrated and unable to complete the task on time. It would also be difficult for them to cooperate towards a shared goal if they did not know the goal.
This challenge will be addressed through a clear statement and communication of the goal at the beginning of the task (Buchanan & Huczynski, 2019). Regular communication during the assignment will ensure t...