Tuesday, May 14, 2019

Management in a Globailsed world Assignment Example | Topics and Well Written Essays - 1250 words - 2

Management in a Globailsed world - Assignment ExampleThe discharge should understand the culture of the destination country.The paper will offer management advice on cross-cultural learn before the client sends an expatriate from South Africa to Amsterdam, The Netherlands for a 2-year asasignment. The paper will cover globalization in multinational business, the factors that matter when an expatriate moves to another country, the importance of culture, the comparison of Netherlands and South Africas culture using Hofstedes model and things that a culturally intelligent executive should be aware of.Globalisation in terms of international business refers to the process of integration and interaction of companies, governments and people of different nations due to international trade and foreign direct investment (Went 2000). Globalisation is the process by which production and marketing in different nations is continuously becoming interdependent due to the changing dynamics in the trade, capital and engineering advancements (Ritzer 2010). The current wave of globalisation is driven by the economic deregulation and free trade policies that get multinational companies to increase the production capacities through setting own manufacturing operations in foreign markets or entering in to marketing partnerships with foreign partners (Neelankavil and Rai 2014). The advancements in technology has allowed multinationals to identify and pursue economic opportunities much(prenominal) as low-cost manufacturing opportunities in developing countries. Globalisation has led to exchange of raw materials, free lawsuit of capital and infusion of cultural norms thus leading to increase in the global production output, besotted competition in markets and improvement in the quality of products (Went 2000). The establishment of multinational organizations such as the foreign Monetary Fund (IMF) and World Trade Organization (WTO) has facilitated the interconnectedness of nati onal economies due to deregulation of

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