Extract of sample "How do religion, culture and ethnicity affect the success or failure of a global enterprise and what factors could impact upon the decision making of the global entrepreneur"
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These factors can lead to either the success or failure of the business. Consequently, a proper analysis of these factors and their impact on the day-to-day operations of the business is very fundamental in making the right decision as to invest or not to invest in a given venture overseas.
A global business battles with a number of issues that end up affecting their efficiency in operations, as well as, the team spirit and motivation of its workers. As such, before setting up a business in a foreign market, a manager has to consider some of the aspects of business operations that may affect the efficiency of the business operations, the relationships within the organizational structure, and the team or group working. Proper management of the aspects that affect or influence these conditions would lead to the effective performance of the business, hence assured profitability and wealth maximization. The biggest headache of business managers setting up subsidiaries of their multinational corporations on foreign lands is how to deal best with issues relating to diversity and equality within their host country (Otter & Wetherly 2014:318).
A foreign investment company meets various cases of diversity and equality in every new country that they set up shop, which also makes it imperative for the business manager to have proper knowledge of such requirements. The aspect of diversity in Human Resource Management (HRM) recognizes that people have a number of things that are common to each other. However, this does not mean that they are the same. Each person is different in his or her own unique way, and as such, these differences should not be the basis for their discrimination. Every member of the organization has the right to equal access to employment opportunities. This further goes to stipulate that when such an individual lands a job
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But what are the factors contributing to success or failures? This paper aims to discuss the factors associated to successful or failure of intelligence operations but specifically focused on Iran’s denuclearization issue (Cordesman & Seith, 2009; Khan, 2010).
1.0. Introduction The legal and political systems have a great impact on the business activities of the economy. It is due to the fact that business firms should adhere to the legal formalities and the political interventions of an economy. On the similar context, globalisation also has an immense influence on the legal and political environment of the economy.
When western and cultural interests dominate over the rest of the world, it is viewed as globalization (Brinkman & Brinkman, 2002). It indicates that capitalism has penetrated into every corner of the world. This in turn enables people to participate and reap benefits from the division of labor and market economy.
The author claims that the culture has ensured employee satisfaction that reflects increased profits; hence, top ranking the firm in the U.S. Empowering is also an attitude at Gore that motivates associates to deliver quality products. The approach ensures efficiency and uniqueness in its products; hence, acting as a competitive strategy.
The work is an attempt to respond to the question about the mutual influence of religion and economic systems.The author analyzes what various theories and the researchers have to say about the issue. The other part of the work is focused on some examples that demonstrate and illustrate what is revealed by the researchers and their theories.
People living there strictly followed the set custom, social system and the social ethos. With the rapid industrialization everywhere in the world that led to massive export and import of goods and flow of manpower, technology and knowledge to other countries on large scale the village culture broke to give way to cross cultural society and global village.
Daimler Chrysler was interested in Mitsubishi in the year 2000, as a part of its global strategy for conquering East Asia. But at the same time there was an impression that the senior management of Chrysler didn't have the direct line and has lost the connection with the reality.
Scholars of international business emphasise the need to study more the impacts of globalisation on businesses. Hence, this essay will try to examine the influences of globalisation on business performance, specifically in China. In this essay, globalisation is defined as “the process of increasing social and cultural interconnectedness, political interdependence, and economic, financial and market integrations” (Geenhuizen, Nuttall, Gibson & Oftendal 2010, 288).
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