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MANAGEMENT and GLOBALIZATION
What is Globalization?
It is the movement of people, language,
ideas, and products around the...
MERITS
- Imported goods are available
- The country can produce what it produces
best and import the rest
- The local indu...
DEMERITS
-Local industries get dislodged.
-In times of war, there is a problem
-There is political interference and confli...
ADVANTAGE BEING AN MNC
-Gaining a strong foothold into the
international market
-Low-cost locations
-Cheaper labor costs
-...
DISADVANTAGE BEING AN MNC
-Trade restrictions imposed at the government-level
-Taxes or tariffs imposed on imports from ot...
WHAT IS CULTURE?
It is shared beliefs, attitudes, norms, values and
behavior organized around a central concept or
idea.
Why Knowing Culture is Important?
-It builds trust
-It saves time, energy and cost
-It Improves perception
DIFFERENCE IN US AND INDIAN CULTURE
-Result or Role oriented nature
-Importance of Time
-Topic of conversation
-Visiting C...
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International mgmt

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Transcript of "International mgmt"

  1. 1. MANAGEMENT and GLOBALIZATION What is Globalization? It is the movement of people, language, ideas, and products around the world
  2. 2. MERITS - Imported goods are available - The country can produce what it produces best and import the rest - The local industries work hard to compete with international firms - Raw material is available - The standard of life becomes better - More jobs are created - There is security from famine, disease, etc. as international firms intervene.
  3. 3. DEMERITS -Local industries get dislodged. -In times of war, there is a problem -There is political interference and conflicts arise -Profit may be taken back to home -Under developed countries are exploited
  4. 4. ADVANTAGE BEING AN MNC -Gaining a strong foothold into the international market -Low-cost locations -Cheaper labor costs -Cheaper raw materials and distribution costs -Taking advantage of the many tax breaks offered by foreign countries -Access to new technologies and methods -Availability of government grants
  5. 5. DISADVANTAGE BEING AN MNC -Trade restrictions imposed at the government-level -Taxes or tariffs imposed on imports from other countries -Limited quantities (quotas) of imports -Effective management of a globally dispersed organization -Difference in cultures at various locations
  6. 6. WHAT IS CULTURE? It is shared beliefs, attitudes, norms, values and behavior organized around a central concept or idea.
  7. 7. Why Knowing Culture is Important? -It builds trust -It saves time, energy and cost -It Improves perception
  8. 8. DIFFERENCE IN US AND INDIAN CULTURE -Result or Role oriented nature -Importance of Time -Topic of conversation -Visiting Cards -Gossips during work hour -Openness towards constructive criticism -HR policies -Aggression and Proactive ness
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