Study of World Cultures Essay Example | Topics and Well Written Essays - 500 words

Study of World Cultures - Essay Example They include the involvement with cross-functional groups, coordination of order specifications with suppliers, supervision of work across cultures or countries, negotiation of terms with offshore business partners, expanding operations to new countries and forming mergers with competitors. Boundaries come with challenges, which managers need to understand. Boundaries can cause investment losses, customer service failure, and unmotivated employees who are unwilling to span boundaries. The factors contributing to the emergence of boundary problems in organizations relate to Cultural Communication Dimensions and Hofstedes Cultural Dimensions. The most important cultural communication dimensions relate to language and cultural differences. As such, various people in the entrepreneurial world have different languages of communication. Moreover, they also have their cultural alignments, which may not permit cross-cultural communications. Cultural obstacles at the micro and macro scales can deter boundary spanning. At the macro level, cultural issues occur when firms communicate across their territorial boundaries. It may include instances when international corporations work with units from other nations. For instance, the United States may outsource Indian experts to offer IT services. Micro-cultural issues refer to the corporate culture created in the various departments of an organization. The communication pattern is one cultural dimension that affects the working relationship between Westerners and Asians. While the westerners often prefer communicating through verbal signs, the Asians opt to be non-verbal. Westerners and North American cultures value clarity and directness. By contrast, Asian cultures value ambiguity, politeness, and indirectness. Asian and American business cultures also differ on the cultural dimension of action. For instance, Asians will not openly reject a proposal since they value

Ownership in Foreign Direct Investment Essay Example | Topics and Well Written Essays - 750 words

Ownership in Foreign Direct Investment - Essay Example Some of these reasons are clearly envisioned in the case study on Genting International and includes the fact that transnational ownership give owners of companies the right and opportunity of benefiting from labor and investment laws that apply to both national companies and international companies. In the case of Genting International, because the company was based in Singapore, it had every right to participate in the bid if the bid had been opened to Singaporean companies alone. At the same time, the company was in position to undertake a foreign market entry as an international company. The reason that has made this situation possible in most cases is that the different owners who come from different countries have always registered parts of the company in their respective countries (Savior, 2009). When a bid for international companies arise therefore, it is the owner with registration in a different country who participants in the bid so as to create a foreign market entry. Ad vantages of the present Foreign Market Entry For Genting International and Las Vegas Sands who have own the two places available in the bid, there are several advantages that they are going to reap as foreign companies who have made investments in Singapore. The first of such benefits has to do with the fact that these companies are fortunate to be coming from an industry that could be described as relatively new in Singapore because of the ban on the operations of casinos that had been on the hospitality industry for a long time. Indeed, now that these companies are coming in with such a vast amount of investment, they are going to great a pioneering brand that would forever become a legacy in the casino industry in that country. If well monitored, this is going to be a major competitive advantage for future entrants into that sector of the economy. The reason for this assertion is that by the time new companies come in, these two companies might have had their names settling well with customers. They might have also created a very formidable organizational culture would be too familiar with their customer for the customers to change them. Without any doubt, tax moratorium that the two companies have ten years to benefit from because they are foreign companies is not something that can be overlooked as an important merit at all. In a recent research, it was discovered that 12% of companies that were liquidated in the United Kingdom from the year 1992 to 2002 suffered that fate because of their inability to grow beyond 2% a year (Gardener, 2007). Further investigations proofed that whereas these companies could not record 2% of growth over their total revenues, they were paying over 7% of taxes over their total revenues. In congruence, it could be said that these companies collapsed because of huge tax demands. This is certainly a situation that for the next ten years, the winning bidders are going to be exempted from. Clearly, the amounts of money that should have gone into the payment of taxes for all these ten years can be channeled to other sectors of growth, expansion and development. If for nothing at all, the companies can be investing these amounts in long term financial investment policies so that when they start paying taxes, they would not suffer any shocks in terms of decline of revenue. Challenges associated with the present Foreign Market Entry Genting International and