Management In The Globalization Of Business Case Study

The Impact of Management in the Globalization of Business.

In the business industry managers are one of the key players; they are the glue that holds the world of business together. Managers working for a corporation that has businesses all over the world have to have knowledge of different cultures, be aware of their beliefs, and have insight on other countries business etiquettes. Managers who are looking into a career in Globalization of Business sometimes don’t realize just what exactly it entails. Keeping up with the most recent changes in international trade is very difficult.

Recognizing cultural differences and being able to make ethical decisions is one of the obstacles that managers of international trade face. It’s necessary to

Take Russia and United States for an example, and compare some of the differences in the way those two countries do business. With technology getting more and more advanced, it is no surprise that businesses in the USA communicate and run business by phone, email, text messages etc. In Russia, on the other hand, business is preferred to be more in person, face to face. The United States appraises the individualism, managers listen to ideas of people who are lower in rank than them, and include everyone in discussions. Russia follows a more hierarchical way of managing a business. As a manager in Russia, you would give out orders that were passed down to you from someone higher in the chain and your orders would not be questioned by workers below you. Even the way of running a business meeting differs from one country to another. Meetings in Russia are very strict,

Fully understanding a second language and being able to speak and read it is very helpful. Managers need to be dedicated to the mission of whatever company they are being sent to, to do business. Recognizing the cultures religions and beliefs is very important in some countries. For example, in some places according to their religions they have to pray at certain times every day, and if a manager is trying to gather up a conference call, they need to be aware of those times. Otherwise, they might greatly offend them and possibly lose business in that country. Managers need to be very sensitive and more aware of the way other countries run business, their beliefs, and missions. There might be s where managers are facing a problem in a different country. What if the cultures beliefs in that country are completely different from your personal beliefs? What if you disagree with how they manage businesses? Multinational corporations could be tricky, and at times difficult to understand, but as a manager of international trade people are constantly faced by these types of questions. They need to have the skills to be able to put their own feelings aside to better help the other countries needs and be able to address these situations in any