Bus 240-international business (2) Task 1

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Bus 240-international business (2) Task 1

Post 1

Due to the era of globalization, the companies are expanding their market reach and further production facilities into two other areas. Due to intense competition into the existing market, the companies are targeting dose markets which are untouched or have huge potential for the product or services. Because of this reason the international business people must think globally about production and sales opportunities.

If I talk about the readiness then the companies should provide training to the managers about the foreign culture where they are planning to expand their business. The managers should be given the opportunity to understand the new culture and the way the customers think and they have their likeability taste and preferences. The managers should be given the training to manage the resources in a new cultural economy. It is very important for companies to make the managers understand to know about the country before deploying them. Each culture has its own unique set of ideologies, belief, values and thought patterns with. The people in those societies get the cultural attribute through the socialization process and these factors play a significant role in shaping that behavior and personality as a whole. When the companies go outside the national border then the workforce is diversifying culturally and geographically and managing diversity becomes the crucial part of getting success into the foreign nation. So the managers should be given the training to manage diversity as well. Respecting the rule and laws of the host nation is very important. So from a law point of view, the managers should be given information about the law of the nation.

Please reply this post at least 150 words. Please reply with manners. Positive way. Then ask question.

For exam what do you think this globalization.

Post 2

The companies should provide training to the managers about the foreign culture where they are planning to expand their business.  The managers should be given the opportunity to understand the new culture and the way the customers think, their likeability taste and preferences.  The managers should be given the training to manage the resources in a new cultural economy.  It is very important for companies to help & make the managers understand to know about the country before deploying them.  Each culture has its own unique set of ideologies, belief, values and thought patterns, people in those societies get the cultural attribute through the socialization process and these factors play a significant role in shaping that behavior and personality.

When the companies go outside the national border then the workforce is diversifying culturally and geographically and managing diversity becomes the crucial part of getting success into the foreign nation.  The managers should be given the training to manage diversity as well.  Respecting the rule and laws of the host nation is very important.  So from a law point of view, the managers should be given information about the laws of the nation.

The companies can prepare their managers for international markets by giving them required international exposure.  First, the managers need to realize the importance for learning about the new environments and work cultures.  Once they start respecting the new practices, then they can start working with the people from other countries.  Give training on foreign languages and the work practices specific to that international market.  They need to know the local market and who the competitors in that market are, and how those players are performing and observe the market opportunities.  They should be trained on the market expansion strategy and the steps they need to follow to achieve success in an unknown market.  The managers should be taught how to resolve issues in the work place without any major ethical issues.  The approach of the business will also differ in other countries, so the managers need to know what the right approach is so that they do not fail in the initial stages.

Please reply same always positive way  at least `150 words.