Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Based on this realization, the usefulness of devising practical management systems within the specialized literature is a dual one. On the one hand, these models are highly useful as they introduce the novice international manager to the elements which need to be taken into consideration upon engaging in cross-border management. On the other hand however, they are only limitedly useful as they do not apply in all circumstances. For instance, an economic agent in the United States looking to expand its operations in China or in Mexico would find little applicability of the practical management system devised by Christoph Dorrenbacher.
All in all then, the final finding is that the practical management systems within the specialized literature do represent a valid starting point, but that economic agents have to devise their own models which are customized to their own contexts and variables.
5. Conclusions
Within the modern day context of globalization and opening boundaries, economic agents are presented with the ability to launch cross-border operations. This ability is nevertheless a source of both opportunities as well as threats. In order to maximize the opportunities while in the same time minimizing the threats, the academic community devises a wide array of practical management systems which come to support managers in their international administration processes and decisions.
The specialized literature is filled with examples of practical models of cross-border management and these focus on the issues considered of importance for the authors. Leonard H. Friedman finds that international management is too complex to be integrated in a single model. Lee Gardenswartz and Anita Rowe focus on the need to integrate diversity; Witold Nowinski emphasizes the need for restructuring; Christoph Dorrenbacher strengthens the need for relational management, whereas Martha S. Peyton militates for risk management.
The discussion which was conducted as a result...
First, this need exists and is given by its ability to introduce the novice manager to the complexities of international administration. Secondly however, the usefulness of the systems is decreased by their inability to apply to all real life contexts, situations in which the models have to be customized.
References:
Chryssides, G.D., Kaler, J.H., 1993, an introduction to business ethics, 2nd edition, Cengage Learning EMEA
Dorrenbacher, C., 2007, Inside the transnational social sphere: cross-border management and owner relationship in a German subsidiary in Hungary, Journal for East European Management Studies, Vol. 12, No. 4
Friedman, L.H., 2001, Nonlinear dynamics and practical management: Administrative Science Quarterly, Vol. 46, No. 2
Gardenswartz, L., Rowe, a., 1994, Diversity management: practical application in a health car, Frontiers of Health Services Management, Vol. 11, No. 2
value differences between merging with other companies inside of Western Europe vs. investing in merging with companies in BRIC nations. Thus, mergers and acquisitions from within Western Europe were gathered. These were then compared to mergers of Western European companies with BRIC nations, including Brazil, Russia, India, and China. The data set chosen was to include a span of ten years, from 1999 to 2009. First and foremost, there
Essay Prompt: 1. Using module theory and specific examples from the case provided identify and critically analyze the strategic issues confronting the 'IT'S LEARNING' as it expands beyond its home country (1000 words) 2. Using appropriate module frameworks and specific examples from the case critically analyze the advantages and disadvantages of the Norway as the home base for a global developer of Digital Learning Platforms. (1000 words) 3. Using module theory and examples
Business Communication Across Cultures Business Communication is a necessary challenge that each person faces daily. Communication is an aspect of business that is necessary to success and achievement. Many countries in the world are industrialized to the point where their culture is in what is called the information age or the digital age. Digital technology, social media, and information technology are prominent aspects to life, communication and business. This paper will examine
Therefore, the standpoint of social embeddedness is a tool that offers to provide a clear picture if one wants to comprehend the contribution of the relational factors in the success of outsourced IS projects (Rai, Maruping and Venkatesh, 2009). If one is to increase his/her comprehension and develop an insight about how to monitor and control outsourced IS projects, Johns' (2006 as cited in Rai, Maruping and Venkatesh, 2009) suggestions
Its business alliances have succeeded because of the past encounter and uncompromising principles of Starbucks. When Starbucks created a licensing contract with Kraft Foods, Inc., it permitted Kraft Foods to begin to make Starbucks' items available in grocery markets, and now because of that attempt their items are available all over Northern U.S. And even the United Kingdom. If Starbucks did not have the primary features of what it
Another advantage provided by Oracle business intelligence software is represented by the fact that such products are built in order to transform financial management processes. This is useful in order help companies adapt faster to the financial challenges that the business environment provides. Also, the company's business intelligence products are guaranteed to deliver consistent and reliable insights, as characterized by the company. This is intended to facilitate the actions taken by