MGMT410 PowerPoint By: Reece Campbell.

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Presentation transcript:

MGMT410 PowerPoint By: Reece Campbell

International business New Markets Legal Issues Human Resources Growth & Pricing

New Markets Unfamiliar cultures Language barriers Physical Distance Time Zones

Language Barriers Easily overcome Most communication done via technology Google Translate On-site translator

Physical distance and time zones Expensive to travel Employees up at all hours of the day Organize windows of time where everyone is online

Human resources & Legal HR must have a heavy international background May have multiple HR reps working together May be best to have lawyer on staff

Growth & Pricing Be careful not to grow too quick Make sure pricing is correct Better to be too cautious then rush into things

Sources Anyanwu, S. A., & Nweake, L. I. (2014). Ethical challenges in international business operations. Journal of Business and Retail Management Research, 08 Carper, W. B. (2014). Global business: A cultural perspective. The Journal of Applied Business and Economics, 16(6), 109-118. Champion, D. (2015). The Leadership Behaviors That Make or Break a Global Team. Harvard Business Review Digital Articles, 2-5. Constine, J. (2017, June 28). Facebook now has 2 billion monthly users... and responsibility. Goodman, M. B. (2013). Intercultural communication for managers. New York, NY: Business Expert Press. Meyer, E. (2015). When Culture Doesn’t Translate. Harvard Business Review, 93(10), 66-6. Shen, L. (2017, December 31). The 10 Biggest Business Scandals of 2017. Tallman, S., & Pedersen, T. (2015). What Is International Strategy Research and What Is Not?. Global Strategy Journal, 5(4), 273-277.