Because of the advancements the world has seen throughout the years, companies are able to expand their business overseas. It is a heavy process and if not done correctly it can end up going terribly wrong. When deciding to move a business or deciding to manufacture overseas many factors come out to play. Management needs to take into consideration how the country they are trying to expand into works. Their laws, their beliefs, their values. Management will also, eventually, have to come to a decision in a pivotal moment. They [management] need to be ethical in these situations because what they decided will affect the company. Globalization has also affected business management being as it requires more people with core competency tendencies.
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Mercedes Alfaro, the founder and president of First Impression Management, says that it is essential to build a rapport with the people and to understand their value system (2010). Learning a country 's customs, such as their language, etiquette, and culture, will not only provide you with an advantage, that advantage being that is shows the people you care about their way of life, but it will also prepare you. Things are not always done the same way and learning about certain traditions of certain countries may help you and your company to strive. When going to another country or having any dealings with another country at all, it is a sign of respect to understand their culture and how their country works. Being unprepared for another country can also lead to culture shock which could potentially affect the business. Whether it be due to a misunderstanding or just being overwhelmed. Misunderstandings can be deadly when attempting to develop a business abroad. There are essentially many ways an American, for example, could harm a business deal when talking with a potential client to expand their business. For instance, if an American entrepreneur is headed to Turkey or maybe even some parts of Asia, it is considered arrogant to have one hand in your pocket. Another example is that in India, it …show more content…
Especially when dealing with different cultures. Ethical issues include, but are not limited to, employee wages and workplace and environmental issues. Sometimes the work conditions of a host nation, which is country that is given the supplies of allied countries to create a product, are subordinate to the workplace of the home nation (T.J Joseph, 2015). What should management do? How do they create a better place to work? Do other needs of the company come first? These are examples of questions people in management must face and come to a decision. Another issue that faces managers is the environment of whichever country they are manufacturing in. Is the product safe? Are the materials required to create the product safe? Will this end up harming their environment? Will we be using up too much of their
Mercedes Alfaro, the founder and president of First Impression Management, says that it is essential to build a rapport with the people and to understand their value system (2010). Learning a country 's customs, such as their language, etiquette, and culture, will not only provide you with an advantage, that advantage being that is shows the people you care about their way of life, but it will also prepare you. Things are not always done the same way and learning about certain traditions of certain countries may help you and your company to strive. When going to another country or having any dealings with another country at all, it is a sign of respect to understand their culture and how their country works. Being unprepared for another country can also lead to culture shock which could potentially affect the business. Whether it be due to a misunderstanding or just being overwhelmed. Misunderstandings can be deadly when attempting to develop a business abroad. There are essentially many ways an American, for example, could harm a business deal when talking with a potential client to expand their business. For instance, if an American entrepreneur is headed to Turkey or maybe even some parts of Asia, it is considered arrogant to have one hand in your pocket. Another example is that in India, it …show more content…
Especially when dealing with different cultures. Ethical issues include, but are not limited to, employee wages and workplace and environmental issues. Sometimes the work conditions of a host nation, which is country that is given the supplies of allied countries to create a product, are subordinate to the workplace of the home nation (T.J Joseph, 2015). What should management do? How do they create a better place to work? Do other needs of the company come first? These are examples of questions people in management must face and come to a decision. Another issue that faces managers is the environment of whichever country they are manufacturing in. Is the product safe? Are the materials required to create the product safe? Will this end up harming their environment? Will we be using up too much of their