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Discuss how international management is different from domestic management - Essay Example

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International Management versus Domestic Management Name Institution In today’s society businesses are increasingly developing interests in the international markets. However, such efforts have not been rewarding considering the complexities in dealing with different nation at the international market…
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Discuss how international management is different from domestic management
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Download file to see previous pages It is also noted that the involved countries have widespread variations in the currencies (Brooke, 1996). This paper seeks to discuss the factors that set aside international management from domestic management. International management, as used in this context, refers to the process of carrying out business activities and operations on the international setting (Mordern, 2004). As such the management is concerned with the establishment of good relations with other countries. As noted, management takes into consideration the diversity in cultural aspects often associated with transactions with other international business organizations. International management is asked with a responsibility to perform supervisory services on the practices involved in the business, as well as operation in foreign countries. This happens because of the partnerships, mergers, as well as out sourcing of the workforce (Mordern, 2004). Such operations and practices help the company to achieve its targets. Moreover, international management is brought by the changing trends in the operations of business which challenges the capability of the organization in handling the changes (Mordern, 2004). This implies that international management incorporates some of the traditional management practices and techniques in order to achieve its primary goal. The traditional management techniques are altered in a manner to fit the standards of global management. It should be noted that international standards take in consideration of legal and ethical issues as well as the multicultural aspects in order to avail the services to expanded population (Rodriques, 2009). Furthermore, international management oversees the operations in a number of facilities within the foreign land, this is normally seen as a move to woo the international population (Goodertham and Nordhaug, 2003). Domestic management, on the other hand, refers to the traditional type of management that is normally carried out in a particular region or a country (Thomas, 2002). It should be noted that the primary target for domestic management is slightly different from international management. With domestic management involving a single country, international management, involves operations between two or more countries (Thomas, 2002). By examining the primary target for the international and domestic management, it can be established that international management might be said to be inclusive of the larger market population in different regions across the world, while domestic management covers only a small population within the country of operation. However, when international management is examined in relation to the global management, it can be established that the target market appears as an average population (Brooke, 1996). Following that, it becomes evident that international management appears to be more demanding in the context of operation techniques and strategies as well as the necessary resources due to the wider scope. In terms of human resource management, it can be pointed out that international human resource management focuses on the diverse cultural differences as well as legal and ethical issues relating to the cultural settings (Rodrigues, 2009). On the other hand, domestic human resource management is guided by state laws and the ethical issues as such, such that little change can be done in their management strategies and ...Download file to see next pagesRead More
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