The organization that you work Essay Example for Free

The organization that you work EssayThe organization that you work for is interested in expanding their line of products overseas. You have been asked to gather some preliminary information to help management decide on whether to ensue this idea further. Search the Cybrary or separate online resource and find an article describing an experience of either (1) a US company or division that conducts ancestry in a foreign nation or (2) a company or division based in other country which has started doing occupancy in the United States. Perform searches on joint venture, licensing, or strategic alliance. Based on your research represent a three page document to the managers of the organization which answers the following set of questions 1. Was the companys experience positive, negative, or tangled? Justify your answer. 2. What legal or semipolitical barriers did the company have to overcome? What heathenish or business differences did the company encounter? What problems d id these differences create for the company? What did the company do to overcome the obstacles? Did the company handle cultural and business differences effectively?Why or why not? 3. Companies involved in planetary mickle have to watch the exchange rates for the euro, Japanese yen, Brazil real, Russian ruble, and US dollar. If you were a U. S. exporter, how dexterity a stronger dollar affect demand for your products? How might a weaker dollar affect demand? (Note ace Internet source for foreign exchange rates is www. x-rates. com/ ). Doing business in another r country hobo be extremely tricky. Numerous problems result from a failure to adapt packaging for other cultures.For instance, white symbolizes death in Japan, and much of Asia, green represents danger or disease in Malaysia. most product names travel poorly. For instance, the gasoline company Esso found out that its name means stalled railroad car in Japan. Proper market research whitethorn reduce or eliminate most w orld-wide business blunders. Market researchers commode uncover needs for product adaptations, potential name problems, promotional requirements, and effective market strategies. Food research may even uncover potential translation problems.As you can see, doing business in other cultures can be perilous if youre unprepared. However, awareness of differences, consultation with local people, and pertain for host-country feelings can reduce problems and save money. In dealing with internationalist business you should know about licensing, strategic alliance, and joint venture. Licensing is an agreement to contract and market another companys product in exchange for a royal house or fee. Strategic alliance is a long-term partnership between two or much companies to jointly develop, produce, or sell products in the global marketplace.Joint venture is a special attribute of strategic alliance in which two or more firms join together to create a new business entity that is legall y separate and distinct from its parents. More and more companies are experiencing the excitement of conducting business in the global marketplace. Although selling goods and services in foreign markets can generate increased sales, produce operational efficiencies, expose companies to new technologies, and provide greater consumer choices, venturing abroad also exposes companies to many new challenges. distributively country has unique musical modes of doing business which must be learned Laws, customs, consumers preferences, ethical standards, labor skill, and political and economic stability vary from country to country, and all have the potential to affect a firms international prospects. Volatile currencies and international trade relationships can indeed make global expansion a risky proposition. Companies must recognize and respect differences in social values, ideas of status, decision-making habits, and attitudes toward time, use of space, body language, manners, and ethic al standards.Otherwise, such differences can lead to misunderstanding in international business relationships, particularly if language differences also exist. The best way to prepare yourself to do business with people from another culture is to study that culture in advance. larn everything you can about the cultures history, religious, politics, and customs-especially its business customs. Who makes decisions? How negotiations are usually conducted? Is gift giving expected? What is the proper uprise for a business meeting?In addition to the suggestion that you learn about the culture, seasoned international business people offer the following tips for improving intercultural communications Be alert to the other persons customs. dwell the other person to have values, beliefs, expectations and mannerisms different from yours, Deal with the individual. Dont stereotype the other person or reply with preconceived ideas. Regard the person as an individual first, not as a representa tive of another culture.Clarify your intent and meaning. The other persons body language may not mean what you think, and the person may read unintentional meanings into your message. Clarify your true intent by repetition and examples. Ask questioned and listen carefully. hold your style to the other persons. If the other person appears to be direct and straightforward, follow suit. If not, adjust your behavior to match. found respect. Learn how respect is communicated I various cultures-through gestures, eye contact, and so on.