Purchase Solution

Management in International Business

Not what you're looking for?

Ask Custom Question

1250-1500 words
Details:
Your director at Formulae, Inc. has asked you to submit a detailed memo to his operating committee that addresses the major challenges that may present themselves as the company targets its expansion into Guatemala first and then into Mexico. Your detailed memo for the operating committee should include the following:

Explain the challenges of managing a diverse, globally based workforce, which could include but are not limited to strains of overseas living and loss of face-to-face connections of friends and extended family.
Evaluate how various legal, political, economic, ethical, and cultural systems in United States, Guatemala, and Mexico will affect business attitudes, norms, behaviors, practices, and philosophies of Formulae and its employees.
Give a brief assessment of key differences in U.S., Guatemalan, and Mexican business and operational practices.
You are to use the library and other outside sources when providing your research.

Purchase this Solution
Solution Summary

The response addresses the queries posted in 1323 Words, APA Reference.

Solution Preview

The given memo will help you to understand the business expansion of the company in Guatemala and Mexico and USA.
For the achievement of more and more profits, all the business organizations try to expand their business in the international market. International business means running the business outside the native country of an organization. In the today's competitive business environment and innovative business conditions, it is not easy for the business organization to expand the business in international market. For the expansion of the business in international market, the business organizations are required to consider some critical issues. The most important issue on which the business organizations should put more emphasis and manage efficiently is the workforce diversity. In order to achieve high productivity and efficiency, organizations are required to manage the workforce with diverse characteristics successfully.
Workforce Diversity Management
A diverse workforce has variations in various aspects. The main aspects of variations are personality, perceptions, religion, work culture, nature, business traditions, etc. The diverse workforce of a country includes the individuals with different origins, caste, age group, religion, castes etc. The population of different countries has various differences among their people. The major difference is in the culture of different individual employees (Managing a Diverse Workforce).
The cultural differences include different languages, traditions, values, personal behavior, beliefs, ethics, etc. To manage this diverse workforce is a very careful work for the organizations. In the management of these diverse workforces, the organizations have to put emphasis on ethical, social, legal and environmental issues during their business operations.
Due to the diverse workforce, the management has to face various challenges. Some of the major challenges faced by organizations are given as under:
Recruitment of Employees: Most of the organizations face the challenges of recruiting the diverse workforce. The organizations are expected not to consider the caste, race or gender characteristics while the recruitment process of the candidates. There should not be any ...

Solution provided by:
Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Motivation

This tests some key elements of major motivation theories.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

View More Free Quizzes
Related BrainMass Solutions

  • International Business and Administration

    International business and administration are important in the implementation phase of strategic management, due to the fact that businesses must implement a means by which to utilize international business networks as well as administrative management

  • Marketing differ as related to e-business and e-commerce

    Tradition International Marketing Strategies in E-Business Marketing Yes, it is essential to retain traditional international marketing strategies while developing new strategies for e-business marketing because e-business is integrated both traditional

  • Management Principles for International Expansion Plan

    What specific management principles and practices should PM company begin to put in place that will assist the company as their international expansion plans move forward and their international business begins to grow?

  • international expansion plans

    105789 What specific management principles and practices should PM company begin to put in place that will assist the company as their international expansion plans move forward and their international business begins to grow?

  • Political Risk in International Business

    Risk Management In the instance of foreign management, international business managers should create a methodology for political risk management.

  • International Finance Applied to Business Management

    515794 International Finance Applied to Business Management How might international finance apply to business management of a US hospital? U.S. hospital business management may initially appear isolated from international finance concepts.

  • International Financial Management Issues

    105955 International finance management What are at least four international financial management issues the combined company doing business internationally must address that would not be a concern of a company just doing business domestically?

  • International business

    This posting gives you an in-depth insight into International business

  • International Business Management: ABC Complete Kitchens, Inc.

    565910 International Business Management: ABC Complete Kitchens, Inc.

  • Globalization of Business and Culture

    366940 Globalization of Business and Culture See the attachments. Consider the globalization of business and culture, and discuss the ways in which it can affect international business strategy and management.

View More Related Solutions