StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

International Management - Essay Example

Cite this document
Summary
The impetus towards globalization has accelerated in the last two decades. World trade has increased from $89 billion in 1953, to over $10 trillion today; and is projected to reach $27 trillion by 2030. Similarly, the foreign…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.6% of users find it useful
International Management
Read Text Preview

Extract of sample "International Management"

Download file to see previous pages

So what challenges do international firms face in a global marketplace? What is the nature, and role of INRP that impact international businesses? This essay explores the diverse elements of INRP in terms of the political, economic, cultural, ethical, and social environment prevalent in different countries; and analyses their impact on businesses with examples drawn from different countries, and trade. This paper concludes with a concise summary of the emerging global challenges to international trade, and business imperatives to overcome them.

Globalization has wide encompassing connotations. Whilst the economic integration of businesses has rapidly grown, the political, social, and cultural interfaces across the borders continue to pose challenges to international trade. With maturing economy, institutional transformations become inevitable. In the nascent or emerging phases, economies are often unpredictable and volatile (Meyer, 2001, pp. 357-367). Managing investment and capital in such a market without an understanding of the economic regulations, and trade practices, could turn nightmarish.

Scott (2002) categorized the governing institutions as “regulatory, normative, and cultural-cognitive.” Formal institutions are often characterized by rules, policies, and enforcement laws. Informal institutions on the other hand, are woven around norms, values, and mental models peculiar to a particular geographic region, or country (North, 1994). Such classifications are often useful in international business management for purposes of market analyses. Five decades ago, Hall (1960, pp. 87-96) enunciated five factors that affect bonding of global businesses, which are relevant even in modern day times.

Brief interpretations from Hall’s article in the Harvard Business review are summarised below:- Nuances of time: Time has its own silent interpretations across national boundaries. For instance, a delay

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“International Management Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
International Management Essay Example | Topics and Well Written Essays - 3000 words. Retrieved from https://studentshare.org/miscellaneous/1559881-international-management
(International Management Essay Example | Topics and Well Written Essays - 3000 Words)
International Management Essay Example | Topics and Well Written Essays - 3000 Words. https://studentshare.org/miscellaneous/1559881-international-management.
“International Management Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/miscellaneous/1559881-international-management.
  • Cited: 0 times

CHECK THESE SAMPLES OF International Management

International Management - FDI, globalization

Multinationals may positively influence the access to export markets for goods and services that are already produced in host countries, helping them switch from domestic to international markets and for new activities that exploit a host economy's comparative advantages; (5) Skills and management techniques....
12 Pages (3000 words) Essay

International Management 9

He is a very friendly person as seen in many of his public relation undertakings which include… Transformational leadership is a strategy that allows the management skills to flow to the followers as the management works as a group.... One of the critical point of his team building activity is the appointment of the management team.... He has adopted the global management strategy that is founded on creativity, sound decision making and visionary approach....
4 Pages (1000 words) Essay

International Management program(dissertation proposal )

According to the neo-classical consumer theory, the housing is a Topic: International Management program (dissertation proposal) Property investment in Beijing & Shanghai The theory of housing demand, as reviewed by Megbolugbe et al.... iscussionThe Shanghai property market, according to Colliers international (2008), is passing through a phase of cooling down.... (2007) ‘An examination of the Chinese housingmarket through the lens of the DiPasquale-Wheaton Model: a graphical attempt', international Real Estate Review....
2 Pages (500 words) Essay

Economic and Social Progress: International Management

China today is further pursuing the continuing decentralization of management, privatization of ownership and the marketization of resource distribution.... A consensus has developed among economists and observers of the global economic landscape about the principle that countries with the most economic freedom experience the highest rates of economic growth (331)....
6 Pages (1500 words) Essay

Intercultural/ international management

Once the technology is introduced to the local market, and other competing firms get to witness it firsthand, there is often nothing to some of them that prevents them from taking a product and applying small changes to it in an attempt to try and avoid violating international copyright law....
1 Pages (250 words) Essay

Joint Ventures in Any Country

All of this was possible after the Chinese government decided to lift its ban on international gaming consoles thereby allowing similar business endeavors to take place.... Joint ventures in any country is hard to operate successfully with shared control.... Nearly a decade ago, the concept of joint ventures started losing its appeal to acquisitions and developing multi-national corporations as opposed to negotiating and starting a joint endeavor....
4 Pages (1000 words) Essay

International Management Behaviour

The purpose of the current assignment "International Management Behaviour" is to assess the role of a manager's personal abilities and behavior in communication effectiveness within the scope of International Management of a cross-cultural organization.... As an outsider, the pressure of working on an international assignment in a completely unfamiliar environment causes significant stress and pressure and poses challenges to the visitors/expatriates that might affect their ability to lead, communicate and transfer information in an efficient and effective manner....
8 Pages (2000 words) Assignment

International Management Strategy

This paper "International Management Strategy" focuses on the fact that it is a fact beyond doubt that AIDS is a disaster to the African continent.... This is considering the fact that more than eighty-three per cent of all AIDS-related deaths are recorded in this vast continent....
12 Pages (3000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us