Global Questions
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1. What are some of the challenges presented to transnational organizations? How important is it to recognize these challenges before responding to them?
2. What are some of the capabilities needed in a multidimensional and competitive environment? How might an organization develop these capabilities?
3. How might an organization best create awareness of the need for cross-border knowledge management? What happens if the methods for creating awareness are inadequate? Explain your answers.
4. In this current economy there are times the factory is not fully operating. The question to all of you is what to do with the many hours of available time in a factory? One Asian company I am aware of gave 100,000 hours of training to 2,800 employees. If this were an American manufacturer do you think this amount of investment in training would have occurred? For everyone else is this a good use of capital in the company or would pushing these people off to state supported unemployment been a fiscally better choice?
5. One of the keys to entry into any country is the degree of intellectual property protection. If you have patents or copyright protection on your products do you thing the decision to entry the following countries may be different or would the intellectual property protection issues be the same?
6. Licensing is definitely a good mode of entry when the product is not too complex. Things like shoes, clothes and furniture fit this category nicely. My question remains are you protected? If you license a product to a Vietnamese or Chinese manufacturer do you have control of the product and its use? Could the guy down the street simply copy it and sell it on the black market?
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Solution Summary
This solution discussed challenges in a transnational organization, capabilities in a multidimensional and competitive environment, cross-border knowledge management, unemployment, intellectual property and licensing.
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1. What are some of the challenges presented to transnational organizations? How important is it to recognize these challenges before responding to them?
Some of the challenges are important when it comes to transnational organizations. Here are the following. They are likely to encounter different cultures, which mean that they are going to have conflicts arise when doing business in other countries. Executives may struggle to get along to get a business deal because of it, especially if the other party is offended. Another is that of language. Since people speak different languages, then it is possible to make one person laugh over a mistake or cause them to get upset if it is not said properly. In essence, they could lose the opportunity to go worldwide, or to spread their product or service, if this is not done properly. Last, organizations could struggle with their advertising because of not having the wording correctly, which could cause them not lose customers in that process. I believe that it is important to recognize these challenges because if they do not, then revenue will get lost as well as customers who can help the firm prosper on a regular basis. Furthermore, employees will become unmotivated, and they are going to not want to come to work, or tell of how wonderful the company is to the public. All of these are reasons on why it is crucial to have that self-awareness as a transnational organization.
2. What are some of the capabilities needed in a multidimensional and competitive environment? How might an organization develop these capabilities?
Some capabilities needed in a multidimensional and competitive environment are worth noting. These include that of having an excellent marketing team to get word out of how superb the product is for others to purchase or have in their household. This can make their industry quite competitive in order that they are able to keep up the competition with those they are serving on a regular basis. Another way to have competition is to increase or decrease prices in accordance with the economy, and what other businesses are doing. By doing this, others have to follow as well. The last area is that organizations need to make sure that they have their product so unique that no one ...
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