Domestic and Global Project Management

Where some countries prefer to work with a deadline other countries can take this as being offensive. Many countries feel it is an insult to be asked to work under a set time period. A country may feel that a deadline is threatening and may feel backed into a corner. On the other hand, other countries try to expedite matters by setting deadlines. To be effective in a foreign market it is necessary to understand the local customs.

The obscurity that is involved while negotiating with potential international partner is extremely vexing. The VP of CadMex must consider both clauses (Contracts for the international Sales of Goods and Candorean Regulations for Technology Import Contracts). It is requisite that the VP deliberate and try to anticipate unforeseen events regarding partnership agreements. Forum Selection Clause. It is momentous for the VP to choose the best forum that will benefit CadMex.

External forces such as the social and political systems are of particular importance as they are the ones most likely to influence an organisation's success. Therefore these are the main factors to which managers should pay close attention so as to "understand the constraints under which they operate and the opportunities that exist" (Robbins, Bergman, Stagg, Coulter, 2000, 141). By studying the specific political and social systems of a particular external environment managers can use their understanding of these systems to their advantage and develop exceptional strategies based on their understanding. For instance, in some countries such as the Peoples Republic of China, one must be willing to 'open the back door if the front one is closed', in other words, managers need to understand the "importance of guanxi (connections) in doing business in China"(Robbins et al). Managers working from a global perspective not only need to know the different laws, tradi... ... middle of paper ... ...ically integrated management decisions, especially when undertaking operations in new and different environments.

International Legal and Ethical Issues When businesses deal globally to expand their markets they may face dilemmas which must be dealt with to avoid conflict. The types of issues many companies encounter deal with legal, ethical and cultural encounters. From our example we see the legal issues in settling disputes for international transactions can become very complex. Ethical issues concerning the workers, the culture, and the environment are all contributing factors international companies must be ready to address. CadMex Pharma and Gentura must establish a business agreement that protects both of the company’s interest from issues concerning the social, legal, and ethical norms of the host business.

There are many similarities and differences between domestic and global project management. A project manager must realize that what might work in their country may not work in a foreign environment. Project managers might find themselves using practices that have worked for them in the past, without even thinking of the new environment, and issues may arise. Project managers need to understand the differences in a different country's environment to avoid and reduce any obstacles that there may be. Some considerations global project managers must consider are the legal, political, security, geographical, economic infrastructure, and culture implications of working with different countries (Gray, 2006).

Equally, local customs plus the established norms add another layer of complexity to the already souring question of how to act both legally, as well as ethically in an unfamiliar... ... middle of paper ... ...ught to inform themselves sufficiently with the information relating to public policy regulation present in the different nations that they will operate in. Armed with such information, the managers ought to integrate the knowledge on these differences as their guiding rationale towards behaving ethically in every given culture. While failure to pay attention to such differences could result in a number of legal and reputational concerns, paying appropriate attention to them can immensely enhance corporate performance. Consequently, the paper contends that MNCs ought to focus on embracing ethical behavior in their operations irrespective of the nations that they operative in. In doing so, such actions will not only make them to be compliant with regulations in the respective country, but also it will provide them with an excellent image to their prospective clients.

Al-Emadi & Al-Asmakh (2006) and Mishra & Suar (2010) are of the opinion that what is considered normal in one country may be in conflict with another. Consequently, there is diversity and complexity in decision making when expanding to foreign territories. Companies such as XYZ Construction Incorporation which wants to expand to Asian countries will have tough decisions to make. In this paper, a critical review of ethical and social issues that XYZ will have to contend with when expanding to Asia. Social and ethical issues to be considered A plethora of studies have been presented to describe the issues concerned with social ethics in regard to internationalization of business activities.

Typically, your market is going to differ in their country as it needs to be adjusted to suit the culture and its needs. Without adapting your market to these changes, it is guaranteed you will not have as much business success as you would if you were adjust your business to fit to their specific needs. You will need to come up with strategies to help assist you with your managing international business, discover the methods of entering an overseas market and be familiar with elements of the international business environment. 2.0 Suitable Overseas Market To find a suitable market, you should do some background research on the country and how it does business. Diversification of Business is something to take into consideration as it is a technique that reduces risks.

.so it is important to get union agreement to changes in work rules before committing to an investment. Secondly, international firms sometimes need to lobby by threatening to move the operation to other countries. Thirdly, it is important to have codes of conduct to deal with industrial relation issues. The importance of this code of ethics have increased due to factors like development of universal standard called the Social Accountability 8000. By having the own code of conduct will help to follow this

Cross-cultural training is an essential fixture in the human resources management arena of businesses and organizations. The need for cross-cultural instruction is essential in organizations whose breadth stems globally. These training sessions are necessary to expand the organizations vision and strategic plan into other cultures. Furthermore, these organizations must be prepared to strengthen and possibly change their structural plans due to the cultural intricacies embedded around the world. Without efficiently trained managers in internationally based locations, strategic goals, values, and global partnerships may become unrealized or missed.