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Managing Across Borders: Strategies for International Success

Explore the fundamentals of international management, multinational corporations, workforce dynamics, and ethical considerations for managing globally. Learn about the risks and rewards of international operations, workforce adjustments, planning strategies, and organizational structures. Gain insights into cultural differences, legal systems, and market expansions in a diverse global landscape. Prepare for success in the international marketplace with knowledge of management functions, workforce dynamics, and strategic planning.

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Managing Across Borders: Strategies for International Success

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  1. 1. An understanding of international management and its importance to modern managers 2. An understanding of what constitutes a multinational corporation 3. Insights concerning the risk involved in investing in international operations 4. Insights into those who work in multinational corporations 5. Knowledge about managing multinational corporations 6. Knowledge about managing multinational organizations versus transnational organizations 7. An understanding of how ethics and the preparation of expatriates relate to managing internationally Objectives

  2. Managing Across the Globe: Why? Great opportunities in the international marketplace today U.S. population growth slow but steady Other countries having population explosions Strong profit potential has serious risk Some challenges are: Cultural differences Different technology levels Laws and political systems

  3. Fundamentals of International Management

  4. Categorizing Organizations by International Involvement

  5. Categorizing Organizations by International Involvement • Domestic Organizations • International Organizations • Multinational Organizations: The Multinational Corporation • Defining the Multinational Corporation

  6. Categorizing Organizations by International Involvement

  7. Categorizing Organizations by International Involvement • Complexities of Managing the Multinational Corporation 1. Within different national sovereignties 2. Under widely disparate economic conditions 3. Among people living within different value systems and institutions 4. In places experiencing the industrial revolution at different times 5. Often over greater geographical distance 6. In national markets varying greatly in population and area

  8. Categorizing Organizations by International Involvement

  9. Categorizing Organizations by International Involvement • Risk and the Multinational Corporation 1. Reduce or eliminate high transportation costs 2. Allow participation in the rapid expansion of a market abroad 3. Provide foreign technical, design, and marketing skills 4. Earn higher profits • The Workforce of Multinational Corporations • Types of Organization Members Found in Multinational Corporations • Expatriates • Host-Country Nationals • Third-Country Nationals • Workforce Adjustments • Adjusting to a New Culture • Repatriation

  10. Management Functions and Multinational Corporations • Planning in Multinational Corporations Plans for multinational organizations could include: 1. Establishing a new sales force in a foreign country 2. Developing new manufacturing plants in other countries 3. Financing international expansion 4. Determining which countries are most suitable • Components of International Plans • Imports/Exports • License Agreements • Direct Investing • Joint Ventures • Planning and International Market Agreements • The European Union (EU) • North American Free Trade Agreement (NAFTA) • Asian-Pacific Economic Cooperation (APEC)

  11. Management Functions and Multinational Corporations

  12. Management Functions and Multinational Corporations

  13. Management Functions and Multinational Corporations • Organizing Multinational Corporations • Organization Structure • Selection of Managers • Managerial Attitudes Toward Foreign Operations • Advantages and Disadvantages of Each Management Attitude • Influencing People in Multinational Corporations • Culture 1. Acquire a working knowledge of the languages 2. Understand the attitudes of people 3. Understand the needs that motivate people • Controlling Multinational Corporations • Special Difficulties • Improving Communication • Transnational Organizations

  14. Management Functions and Multinational Corporations

  15. International Management: Special Issues • Maintaining Ethics in International Management • Respecting Core Human Rights • Respecting Local Traditions • Determining Right from Wrong by Examining Context • Preparing Expatriates for Foreign Assignments • Culture profiles • Cultural adaptation • Logistical information • Application

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