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Global Business
The companies will need to have a careful employee selection process that will provide the individual best suited for the job. In this sense, a test and interview will check variables such as capability to work in a multicultural environment, adaptability to different cultures, capacity to learn new languages (a specific linguistic test can be useful in this case) etc.
In order to prepare the future expatriates in Japan for the business and social life their, seminars and courses, either with Japanese individuals or other foreigners who have successfully moved and integrated in the Japanese way of life, will be useful. In these courses, learning the business etiquette is essential. For example, the future employee in Japan will need to know what to do when exchanging a business card (spend a couple of moments reading the information on it), how to greet (different levels of bows etc.), how to relate to a Japanese business partner etc. Even more practical things, such as using chopsticks, can be useful in learning how to adapt to the Japanese way of life.
In order to anticipate diversity issues and conflicts, the company will need to have a direct feedback from people who have previously lived and worked in Japan. In this sense, it is useful to see the problems that have arisen in other similar situation and, proactively, to discover ways by which such problems can either be anticipated or their effect minimized. The employees will then need to be taught the importance of age in the Japanese organizational culture, as well as different other useful information that can help them in their relationship with Japanese counterparts.
In order to prevent premature returns, one needs to have not only the right integration tools and preparatory instruments, but also the appropriate motivational elements by which the individual will want to remain and work in Japan for the company, such as a good salary, a good home, appreciation incentives etc.
Global Business When businesses go international, they have to operate in a more competitive, uncertain, and risky business environment. The forces present in the Global environment bring a number of challenges for the businesses; making it more difficult for them to maintain their market share, enhance profitability, and keep the customers satisfied (Cherunilam, 2007). To compete successfully and ensure a sustainable future in the international markets, business organizations have to analyze
S.$1 = 80.38 JPY (Japanese Yen). However, the current economic crisis in the United States and in major world economies including the European Union, combined with the post-tsunami economic consequences within Japan has made the exchange rates highly volatile and fluctuating. In order to avoid exchange rate risks, the company will make all transactions in one standard currency that is U.S. dollars. Moreover, in order to avoid exchange rate risks
Global Business Strategies Exit Strategy When a firm looks to complete a joint venture, it is necessary to determine what type of exit strategy (or strategies) would be appropriate. This strategy allows the company to leave the agreement without facing extreme los, and it also allows the business to maintain the respect that they had gained in the industry already. In the proposed joint venture with the Murakami Mill in Japan, the
Global Business Cultural Analysis: Brazil Cultural backgrounds reflect the ways and standards of living, which is unique and different for each country. In fact, the business world is also profoundly influenced by the cultural differences of the counties. This focus of this research paper, in this regard, is to analyze the cultural perspectives of doing business in Brazil. Therefore, major elements and dimensions of Brazilian culture such as business structures, management
The lack of process orchestration shows that IBM is failing to understand and manage the bargaining power of suppliers effectively. The core requirements of the project center on a series of healthcare professionals who taken together are the stakeholders of a complex payroll processing system (Paull, 2013). The requirements from a project management standpoint is to concentrate on the bargaining power of suppliers as system integration partners and create
Furthermore it has become critically necessary to be equipped technologically in handling today's increased IT demands for business communication. Bibliography Video Conferencing (2006) GlobalMedia. Online available at: www.globalmedia.com. Hart, Amy (2001) Global Communication Warming - The CEO Refresher. Online available at http://www.refresher.com/!warming.html. Martin, Jeannet S. And Chaney, Lillian H. (2006) Global Business Etiquette: A Guide to International Communication and Customs. Online available at http://doi.contentdirections.com/mr/greenwood.jsp?doi=10.1336/0275988155. Global Business Support: Creating the Infrastructure for International Business Communication