Managing International Business

Managing International Business

Section 2: Managing International Business

Oppel (as cited in Torres, 2009) argues that global business in the future will require leaders, and managers, to be like explorers, guiding their organizations through unfamiliar and turbulent environments. With markets, suppliers, competitors, technology and customers around the world constantly shifting, traditional leadership models no longer work. In their book titled, Global Explorers, Hal B. Gregerson, Allen J. Morrison & J. Stewart Black (as cited in Torres, 2009) argue that global leaders, and managers, will need to be proficient with languages and have knowledge of multiple cultures and experiences in other countries. “They must also have multidisciplinary perspectives, which are essential for problem solving in complex and changing environments. They must transcend the old ways of transactional relationships and seek more enduring, sustainable and transformational relationships. Leaders must empower their employees and seek to facilitate the employee’s development interests” (Oppel, as cited in Torres, 2009).



As the world becomes more economically global, leaders, and managers, must be more culturally diverse-oriented in avoiding ethnocentrism and self-reference criteria approaches and in understanding cross-cultural behaviors and motivations in mobilizing the support of all employees, regardless of geographical and cultural differences. This is a basic requirement for developing effective global organizations.



To this end, Strategy is probably the most basic and the most advanced discipline in management. The basic purpose of strategy is to make a series of moves designed to achieve sustained competitive advantage, which consists of superior performance in comparison to competitors over extended periods of time. Therefore, the fundamental principles of international business strategy should be regularly reconsidered by managers at the highest levels and understood by individuals just starting their business careers.

Required Reading:

Please refer to each Activity for required readings within Activity Resources.

Click here for more on this paper.......

Click here to have a similar A+ quality paper done for you by one of our writers within the set deadline at a discounted.....

Assignment 6   Entering Foreign Markets

Regardless of international strategies; most MNCs have a basic goal of expanding their market share, revenues, and profits. And they often achieve these goals by entering a new market, or by introducing new products. To be successful in increasing market share, a MNC must normally (1) assess alternative markets, (2) evaluate the respective costs, benefits, and risks of entering each, and (3) select those that hold the most potential for entry or expansion.



Activity Resources:

• Review of Dess, G. G., Lumpkin, G.T., & Eisner, A. B. (2010). Chapter 7
• Review of Griffin, R. W., & Pustay, M. W. (2010). Chapter 12
• Hart, S. (2005, September)

Main Task: Analyze the Challenges of Entering Different Foreign Markets 

For this assignment, do you think it is possible for someone to make a decision about entering a particular foreign market without having visited that market? Why or why not? What are the steps for conducting a foreign market analysis? What are three forms of exporting? And what are the relative advantages and disadvantages of the three specialized entry modes for international business?



Support your paper with a minimum of five (5) external resources In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.



Length: 5-7 pages not including title and reference pages



Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to the University's Academic Integrity Policy.





Learning Outcome: 6

Assignment Outcomes

Critique the management of International Business Operations’ Strategies and Practices.