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

International Business and Management. Global Expansion - Essay Example

Comments (0) Cite this document
International Business has gained immense importance today, thanks to the development of foreign policies, foreign relations and globalisation. Foreign Trade has received great impetus due to these factors and companies looking towards expanding their organisations are employing norms and policies to facilitate proper monitoring and maintenance of their employees…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
International Business and Management. Global Expansion
Read TextPreview

Extract of sample "International Business and Management. Global Expansion"

Download file to see previous pages Working in a country that one is not familiar with, is a great challenge in itself. More so, when it involves the establishment of a branch office of one's company or deals with the successful initiation of an extension of the company, in a scenario completely different from the one, one are familiar with. Heading these operations that delve into international horizons and expansion plans build up more responsibility that needs to be fulfilled, on one's part. Therefore, a great amount of thought-processing and execution must go down into such plans, before embarking on a conclusion.
You are partners in a leading management consultancy in London. You have been asked to set up an office in the capital city of CHINA. You are required to write a report for the senior partners. What is striking in an international expansion programme, is the Cultural Difference and Incompatibility one is bound to face. Numerous theories have been put forth, with regards to this. One such theory, is Geert Hofstede's 'Cultural Dimensions Theory'. Hofstede believes that management is not something that is related solely to business, but also extends in other aspects of life. (Website: He divides the cultural dimensions into four different dimensions, and later on went on to add a fifth dimension.
The first dimension that he talks about is Individualism, wherein he highlights the extent of individual handling of projects, and the degree of group or team work that is existent in a management scenario. The second dimension is that of power distance, wherein he talks about the partisan politics. He delves into areas like inequality in management, biased outlook of those in superior positions and the like. The third, is that of certainty, which is nothing but the risk factor that is prevalent in businesses that expand beyond cultural borders. The fourth dimension is that of achievement or masculinity, which is the difference s in the task management between the sexes. The fifth dimension, that was later proposed by him, is Long term vs. Short term orientation, which talks about the time period of existent of the business unit in the extra-cultural scenario. Therefore, his theory states that management not only requires a business to look into the business operations, but to also look into other operations that govern an individual involved with the business. This is where culture comes into the perspective in business expansion.
China is one of the favourable fast-growing sites for international expansion of business, trade and commerce. Transfer of technology, the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“International Business and Management. Global Expansion Essay”, n.d.)
Retrieved from
(International Business and Management. Global Expansion Essay)
“International Business and Management. Global Expansion Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF International Business and Management. Global Expansion

Global expansion

... What are some of the issues the host foreign country could face as a result of the expansion? Issues faced by Host Country in Global Expansion Due to diversified norms, values and beliefs, when a company plans to expand globally, it is encountered by numerous issues. When a company deals with other foreign companies and their governments, they need to be aware of the cultural differences and its impacts on their business. They have to set financial objectives, rules and regulation, code of ethics, business goals etc. tapping into the foreign countries may lead to the following issues to the host country: Diversified cultures of international markets. Political and social climate of foreign countries. Local taxes and regulatory systems...
3 Pages(750 words)Essay

International Expansion

...International Expansion 1. Compare and contrast the main theories of international expansion by means of examples from global organisations present in your case studies or other sources, highlight the strengths and weaknesses of these theories. According to Richardson (2007), there are four main theories of international trade. These are the Mercantilist Theory, the Theory of Absolute Advantage, the Theory of Comparative Advantage and the Theory of Factor Endowments. Mercantilism is the theory that a nation’s wealth depends upon the balance of its exports over its imports (Mercantilism, 2007). Using a common standard, which was gold in early times, a nation is wealthier if it possesses more gold. It receives gold for the products...
9 Pages(2250 words)Case Study

Multinational Management and Global Business: International Production

Multinational companies willing to expand their operation in overseas have to face quite few challenges like regulatory environment of the host country, culture and so forth.
In general, the advent of the modern Multinational companies was largely because of the fast industrialization in the western society. The industrial revolution accelerated new technologies of production and distribution that necessitated larger operations than firms had managed before. Conversely, mass production technologies demanded a constant and dependable stream of input, and the pursuit for new economical long term sources of materials and supplies was the incentive that drove many companies in the foreign countries.1 In fact, firms choose to oper...
8 Pages(2000 words)Literature review

Cross-Cultural Business Expansion Management

... Cultural Report Introduction As our company expands into the international markets, we will come across cultures which are significantly different as compared to ours and where our management methods might not be as readily accepted. However, by understanding other cultures we can create good relationships with different companies who are located in other parts of the world since these relationships will allow us to easily understand and transfer information as well as ideas between various cultures followed in other countries (Levy and Powell, 1998). This expansion is also necessary for us since the forces of globalization and competition have made it imperative that we expand our business for a more global market if we are to remain...
8 Pages(2000 words)Essay

International expansion-business

...International Expansion-Business The purpose of this paper is to prepare an analysis as to the short term and long term prospects of the currency ofMexico (The Peso) relative to the American dollar. The format that this paper will utilize is to first highlight what the risks of currency fluctuations would have on an American enterprise entering Mexico, followed by a brief history of the history of the Mexican peso then an analysis will be conducted as to the prospects of this currency in the near to late future. As it is the case that Natural Detergent, Inc is interested in expanding into the Mexican market, one must make consideration for investing in new facilities in Mexico. There are two types of currency risk associated...
3 Pages(750 words)Essay

Global & International Business Contexts

...Global and International Business Contexts Global and International Business Contexts PART A: Coffee Industry Globally Coffee is the most widespread drink in the world with a consumption of around half a trillion cups every year (Surana 2009). After petroleum coffee is the most important commodity with the industry employing more than 25 million people from around the world. Talking about the consumption, the chief coffee consumer country in the world is USA with coffee imports of around 1.2 billion kg every year. The major producer of coffee is the same as the major consumer that is USA which produces 70% of world coffee (Surana 2009). Indian Coffee Industry The nation being famous as tea drinker the consumption of coffee was stagnant...
9 Pages(2250 words)Essay

Global Expansion

... the dream of globalization. For major companies like Westinghouse, there is a lot of implication to this basic fact. For instance, they have the core obligation of ensuring that they device systematic strategies that will ensure that customers are able to capitalize on access to technology and the internet to be specific to do business with them. Globalization and Expansion Strategies Presently, Westinghouse has experienced so much transformation when it comes to globalization. These strategies have essentially been aimed at ensuring maximum expansion of the company’s services and products to all parts of the world. Presently, globalization has ensured that the company has its presence felt in as many as twice the number of countries where...
2 Pages(500 words)Essay

Global Expansion

... relating to the IRFS and the US GAAP principles. 3. Issues relating to international planning and control, performance evaluation and risk management in international business. 4. Toyota’s global expansion strategies and issues relating to the same. 5. Accounting issues for Toyota. 6. The pros and cons of US GAAP as identified by Toyota. Research methods The research has been conducted on the basis of qualitative studies. The study was conducted by secondary data collection technique. Information was collected from different journals and books for analysing the subject of study. The pattern of analysis followed in this research was largely the case study method. Case study method incorporates analysing the subject matter of the research...
12 Pages(3000 words)Essay

International Expansion

...International Expansion International Expansion Difficulties of Enter in New Country for Entrepreneurial Business Currently, it isdifficult for an entrepreneur to start or establish a business in new country. The business world is full of competition with many local business organizations creating awareness of their products. In entering in a new country an entrepreneur has to carry out research of the competitors and find means of outweighing the competitors by either providing discount. It is also difficult to acquire business operation license in some countries and entrepreneur will incur a lot of money. Foreign investors have to pay government taxes and this can reduce the income due to additional expense (Ritzer, 2010). Methods...
1 Pages(250 words)Assignment

Implementing Schedule of Time Management

...Running head: PHASE 5 INDIVIDUAL PROJECT PHASE 5: Individual Project Affiliation October 2008 How often have you heard it said that planning is waste of time? No sooner is the plan completed than someone comes along to change it. These same naysayers would also argue that the plan, once completed is disregarded and merely put on the shelf so the team can get down to doing some real work. To people management, we mean the planning activity that involves deciding on the types of people in form of resources that are required to fulfill the requirements of the project. In other words the types of skills and number of workers we need to complete the project (kwysocki, 1997). Whenever we talk about the methods involved in the project management...
6 Pages(1500 words)Coursework

Change Management

In light of these, management must go out of their way to deal with organizational resistance to change because even the most carefully laid out or well-intentioned changes can still meet resistance. Subsequently, an organization’s ability to gain benefits from their change efforts is largely affected by their ability to create environments that encourage support and acceptance from other members of the organization. (Coetsee, 2003)
Some authors assert that resistance to change may be defined as behavior that human beings depict when they are attempting to protect themselves from the effects of change; these effects may be real or they may be imagined depending on the situation under consideration. Others believe that r...
10 Pages(2500 words)Coursework

Retail Management in Business Expansion

...RETAIL MANAGEMENT Retail Management: MIGROS Expansion into Germany 1. Introduction When a company that is successful in one country wants to set up operations in another country, a country entry strategy has to be followed that will include the investment plan, marketing plan, HRM and staffing details and many other important aspects including carrying out a SWOT analysis of the company. This paper analyses the plans required to be framed by Migros, the Swiss retail chain store that wants to enter the German market. Though Migros already is active in Germany, for the sake of this paper, it is assumed that the company wants to set up operations in Germany by using the Umbrella strategy. The paper first discusses the Umbrella strategy...
14 Pages(3500 words)Research Paper

International Security Studies: Examination

Globalization affects international security in the sense that problems involving terrorism, the environment, religious extremism, weapons of mass destruction, and the economic crises have become more universal and widespread in character (Ivanov “Article”). As a result, these issues pose a greater threat to national and international stability and safety. More lives are now affected by threats to international security; these threats did not seem too ominous before the entry of globalization. Consequently, some extremists justify the use of mass weapons of destruction in order to guarantee their security. And as globalization continues to expand and to grow bigger as a phenomenon, threats to international security are...
7 Pages(1750 words)Assignment

Business Information Systems

...Club IT - Part Three of Phoenix BIS 219 Introduction to Business Information Systems Club IT – Part Three _________ _________ DATE ________ Table of Contents Table of Contents 2 Abstract 3 Overview 3 Business background 4 Current Technology Structure of Club IT 5 Problem Assessment 5 Club IT Business Goal and Strategy 6 Assessment of Needs 7 IT Solutions for Club IT 8 Decision Support Systems/ DSS 8 Customer Information System 8 Data Mining for Business Performance 9 Enterprise Resource Planning 10 Supply Chain Management 11 Customer Relationship Management 11 Conclusion 11 Bibliography 12 Abstract Club IT is a nightclub that is currently operating with the traditional technology structure. Club IT nightclub is most popular club in its...
8 Pages(2000 words)Case Study

Business Administration

2. Describe your career aspirations, the contribution you will make to the programme and, if you will be sponsored, the value you will add to your sponsoring organisation – 500 words

I researched all of the universities in the United Kingdom (UK) and the Warwick MBA called my attention since it is one of the best-reputed universities in Europe. This will give me an opportunity to introduce myself to business and understand Financial Markets and Management. This will expand my horizons both in the theoretical (course content) setting and the praxis (networking). This will also enable me to obtain my degree without having to resign to my current job, especially, during this current financial turmoil.

We s...
6 Pages(1500 words)Essay

Business Plan Real Estate Agency

re representing our company as their business consultants and our responsibilities are limited to the knowledge of the client’s business and information provided by the client.
The company Of-Fit has been operating as office supplies and equipment supplier since 1998. Their corporate office is in Aberdeen and it has excellent industry relations. The company is a sole proprietorship and its owner is Mr. Andrew Schwatz who has been working in the industry for more than 20 years. The company current staff is 8 and its revenues are £115,690 and £156,178 in 2008. The company aims to expand its operations in other business areas and regions of the UK.
The detailed business plan developed for this report incor...
12 Pages(3000 words)Business Plan

The Main Threat to Small Business

When it comes to reliability factor big businesses are able to sustain because of their track record. Big businesses are able to pacify their customers using their past successful track records.
Nowadays most of the business opportunities and orders are posted online. This means that business providers need to be well integrated with supplier systems through online facilities. The infrastructure of the business model needs to be updated. But this is not an easy task for small businesses. E-based procurement is possible only with a well-maintained network on the internet. This requires a lot of financial and technical necessities which could not be supported by small businesses. On the other hand, Big businesses are well equip...
8 Pages(2000 words)Assignment

People, Organisations and Management

Organizations and their management styles have evolved to a great extent in the service and manufacturing industry over the last century, and so have been the concepts of management and its functions. These evolutions can be traced to significant developments brought about by the industrial revolution, scientific management principles such as Taylorism and Fordism, transition of feudalistic to capitalistic approach and others in different sectors of manufacturing industries. However, the beginning of the industrial revolution was characterized by a rigid hierarchical bureaucratic way of organizing business enterprises, a style prevalent even today but only in military service organizations. Nevertheless, the manufacturing and busi...
8 Pages(2000 words)Assignment

Business Sustainability and Society: Coca-Cola Company

... that business ethics has now become a component limited to theoretical policies and frameworks of business organizations, and such principles and ideologies although enable an organization to acquire income in a fair manner, however, it is now fading gradually from the business sectors. Brief analysis (Chadwick & Schroeder, pp. 11-18, 2002) has indicated that a set of ethical principles exist in almost every business organization globally; however, executives are not ensuring its implementation on ground reality level. For such reason, a number of researchers (Crane, pp. 43-48, 2007) are putting efforts to analyze different practices of business organizations in light of ethical theories and frameworks that has become a major concern...
10 Pages(2500 words)Case Study

Global Employee Information and Consultation: Replicating the European Model

... of employees in global issues affecting transnational companies. There is in fact a need to solidify the participation rights of employees in a global level because that would enable them to achieve an international voice during collective bargaining or consultations. This movement is needed since there is little employee involvement in issues affecting transnational corporations. For instance, they are not consulted on matters such as the effects of introduction of new technologies, global developments, product diversification, and worldwide expansion of business. It must be noted that because of the transnational character of these corporations, their freedom of action is unhampered by the jurisdictional authority of the nation-states...
9 Pages(2250 words)Coursework
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.

Let us find you another Essay on topic International Business and Management. Global Expansion for FREE!

Contact Us