Global Management Challenges.

 Global Management Challenges.

ANSWER

1. International Management Practices – Cultural Issues:

• • Cultural Misunderstandings: Managing a diverse global workforce can lead to misunderstandings due to cultural differences, potentially affecting teamwork and productivity.
  • Cross-Cultural Communication: Effective communication across cultures can be challenging and may result in misinterpretations or conflicts.

1. Global Business Structures – Communication and Decision Making:

• • Coordination Challenges: Managing global teams and coordinating activities across different time zones and locations can be complex and costly.
  • Decision-Making Complexity: Making decisions in a global context requires consideration of diverse perspectives and can take time and effort.

1. Developing Global Strategy:

• • Market Analysis: Identifying and analyzing global markets can be difficult due to varying data availability, regulatory complexities, and market volatility.
  • Competitive Intelligence: Gathering accurate and up-to-date competitive intelligence on a global scale can be challenging.

1. Implementing Global Strategy:

• • Resource Allocation: Allocating resources across global markets and subsidiaries can lead to resource constraints and prioritization issues.
  • Local Adaptation: Balancing global strategy with the need for local adaptation can be complex and may result in conflicts.

1. The Impact of National Institutions on Strategy:

• • Legal and Regulatory Hurdles: Complying with diverse national regulations, laws, and political environments can be challenging.
  • Governmental Interference: Political instability and government interventions in various countries can disrupt business operations.

1. Strategic Responses to National Institutional Pressures:

• • Ethical Dilemmas: Balancing ethical considerations and local institutional pressures can lead to ethical dilemmas for multinational companies.
  • Reputation Management: Responding effectively to national institutional pressures while maintaining a positive corporate image can be tricky.

1. Global Supply Chain:

• • Supply Chain Disruptions: Global supply chains are vulnerable to disruptions, including natural disasters, trade disputes, and transportation issues.
  • Risk Management: Identifying and mitigating risks associated with global supply chain dependencies can be complex and resource-intensive.

These are some of the potential issues and challenges associated with each of the modules you’ve studied. Successfully addressing these issues is essential for effective international management and global business operations.

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