Black & Decker International: Evaluating the Plan for a Global Lock Business

IV. Author, D. H., F. Levy, and R. J. Murnane. 2003. The Skill Content of Recent Technological Change: An Empirical Exploration. Quarterly Journal of Economics 118, no.

(2007). Organizational learning, innovativeness, and organizational performance: a qualitative investigation. International Journal of Production Research, 45(11), 2459-2477. doi:10.1080/00207540601020460 Yoon Jik, C., & Ringquist, E. J. (2011). Managerial Trustworthiness and Organizational Outcomes.

Corporate culture is the application of a company’s mission statement, and their ability to transplant that culture from one country to another is crucial to the success of an international company. Companies realize the challenge mounted by expansion and virtually every company will experience setbacks when entering foreign countries. For example, guidelines for business in the United States may not apply in China, as they have different ways of doing things or that they live differently from Americans. These are some of cultural, political, and socio-economic forces are what every manager will experience and must consider in order to survive in the global market. The process of globalization has become exceedingly competitive and exaggerates the importance of open communications channels worldwide.

Miller, R. L., Butler, J., & Consentino, C. (2004). Fellowership effectiveness: An extension of Fiedler’s contingency model. Leadership & Organization Development Journal, 25(3/4), 362-368. doi: 10.1108/01437730410538680 Navahandi, A. (2006). The art and science of leadership (4th ed.).

1. Article summary (195 words) The article “Unleash Innovation in Foreign Subsidiaries” by Birkinshaw, J. & Hood, N. (2001) indicates the four incentive tactics to promote innovation in overseas subsidiaries. One intensive attempt of global business is encouraging and making use of brilliant ideas, which are frequently found in remote subsidiaries. To achieve this target, parent companies should consider its foreign units as peninsulas instead of islands.

This concept further builds the theory that a business relationship could be motivated by the idea of trust and empowerment. Modernization of technology is a global tool utilized by small and large business’ in effort to further the corporate goal. However, as with any other fundamental tools of the business trade, information technology often requires constant monitoring for ethical and other types of flaws. Luckett (2011) noted that “the introduction of technology is often plagued by problems. Unexpected social changes can sometimes have negative effect on the societies in which technology is introduced” (p. 92).

Multi-national businesses must manage teams across all time zones. This presents a unique demand for managers in that they must b... ... middle of paper ... ...ities. Symantec is a company that is leading in best practices for their employees and clients. They should continue with their forward thinking and practices and are a role model for other companies that are maturing into a global market. One final remark taken from Mohan is to be flexible enough to see that if the American way of approaching a situation is not working, then try another approach, whether it be Asian or another cultures practice (Revanna, 2007).

Review of Multinational Corporation Organizational Culture The contemporary global economy has generated an unprecedented need for multinational corporations to reform their organizational structures to give them a better competitive chance in the international market. The intertwined associations, partnerships, and collaboration among international organizations define the attributes of the global economy. In order for Multi-National Companies to survive the frequent and devastating situations in the global market, they should incorporate the best and most effective organizational cultures. Microsoft Corporation is no exception. Microsoft Corporation is one of the world’s leading software companies.

On the one hand, it has trained a large number of highly qualified personnel for the host country, in a certain sense, it has retained its management and management staff for the future development of its own country. Managers employed by local multinational corporations have more opportunities to acquire advanced personnel with experience in science, technology and foreign administration and are familiar with the operating mechanism of the market economy. The flow of these new types of business managers and technicians in the country will surely generate the international experience of advanced management and the diffusion of technologies in the host countries. The legal environment mainly includes unfair competition laws, tax laws, environmental protection laws and foreign trade laws and regulations

Globalization has affected every aspect of the business community in one way or another. Globalization in a simple sense is a business’s movement from one country to another. This is done for a number of reasons; amount of readily available resources, labor market, increased number of customers, and to ultimately become more profitable. There is a decisive advantage for a business to move overseas, but there are a number of drawbacks globalization creates on the local economy. When businesses become an international entity the home country experiences increased unemployment rates, the human resource department now has to manage across borders, prices of goods fluctuate, and forcing wages to decrease for unskilled workers and increase for skilled ones.