Performance is one of the major tools that help in tracking the performance of employees. Organizations may use performance appraisal to motivate employees. Multinational corporations may face several difficulties in formulating performance appraisals. There is very limited research on efficient international performance appraisals that multinational corporations may adopt. A multinational...
Offshore outsourcing is the process of obtaining goods or services from another country. Organizations conduct outsourcing when the costs of producing the products within the business entity are higher than when obtained elsewhere. With globalization taking effect in the modern business environment, offshore outsourcing has become a common thing. Criteria...
You are the financial officer of a U.S. business conducting operations in Mexico. The business has been financed by loans obtained from U.S. banking institutions. You have been informed the Peso is expected to drop by 30 percent against the U.S. dollar over the next year. What actions, if any,...
Organized labor constraints for an international business Organized labor often comes in the form of labor unions, which have the agenda of protecting the rights and privileges of workers or employees from any actions that would potentially threaten their rights, income, or safety. They do so by raising objectives, threatening...
Human Resource Management When examining chapter 12 of “International Management” on human resource management, 3 particular points of interest reveal the inherent problems in dealing with employees in a multinational and globalized setting, these issues are: training issues, compensation practices and the problems that crop up when it comes to...
Introduction Innovation is an important factor in the modern business world. Innovations push businesses forward, and every business should adopt some innovative practices in order to stay in the competition. International business is not an exception. Moreover, both international corporations and national companies that are involved in international trade are...
Change is required in the world energy policies to contain the huge demand for energy products Definition of the structure of the oil and gas industry (energy) in which Shell operates and analysis of the competitive challenges Shell faces within the oil and gas (energy) industry The structure within the...
The nature of the changing global economy has become a common area of research in the twenty-first century. Today’s increased globalization and technological advancements have led to an ongoing change in the international economy. This trend has been characterized by the rising number of consumers in emerging markets. These global...
Key Concept Exercises A technology transfer process is inevitable while investing in new services or products. This process presupposes the transmission of the experience connected with product design and production, the supply of service, and the competence of the reinforcing methods related to the product or service (Bamford & Forrester...
Running a business in the globalized environment is one of the most challenging tasks, mostly because it demands not only to integrate various business approaches but also to be able to take major cultural differences of the business partners into the account. Even though running a business presuppose following universal...
Primer on International Business To successfully compete in the international market, business organizations must employ skilled leaders to manage key positions. These leaders should understand the cross-cultural dimensions and processes to succeed (Ahlstrom and Bruton 4). This implies that, for any international firm to emerge as a winning organization, it...
Introduction Economic stability is arguably the most essential role of any government. Unpredictable economic conditions not only scare investors, but also hinder proper planning by the government. It is important to note that among the worst scenarios in any economic problem is high increase in general prices. Besides decreasing the...
The political/legal environment Also commonly known as UAE or the Emirates, the United Arab Emirates is an Arab federal country made up of seven emirates. Each of the emirates is governed by Emirs who appoint the overall leadership of the country including the president, prime minister, and the cabinet. The...
