They will need translation services and interpreters, but they cannot rely on these things forever. In addition, the people who will work in the new offices and the people who will work with the people in the new offices must clearly and properly speak the language. Learning a new language can take time, but it is advisable for anyone who is going to be dealing with business in a foreign country (Kwintessential, 2010).
Cultural issues and language barriers are the two most significant problems that are faced by companies that are looking to expand into something more global in nature (Centre, 2011; Geert-Hostede, 2011). If those barriers can be worked through, the company will have a much higher chance of succeeding where other companies may have failed. Even though cultural issues may seem confusing, or a person may not understand why another culture does something differently, being open-minded about communication can diffuse misunderstandings that may have otherwise turned into more significant problems. Translation and interpretation services are always a good idea for companies that are moving into new markets in unfamiliar countries (Centre, 2011).
Because there are going to be local staff hired to run the offices in the new markets, decision-making and the use of hierarchy will have to change. Up until this point, Newfoundland Capital Corporation has operated in Canada (Performance, 2011). As such, the company is used to the culture, attitude, and overall work ethic of the Canadian people. In Mexico and Germany, Newfoundland Capital Company will face challenges because those two countries have different attitudes and work ethics. This is not to say that these attitudes and ethics are better or worse, but only that they are different -- and that will be something Newfoundland Capital Company will have to understand and accept.
Having local people operating their offices will cut down on language barrier and cultural barrier issues within the new markets, but it will increase the likelihood of these...
Still, in this situation, it is clear that Miami would need the largest workforce with the greatest capabilities to serve a more diverse residential population. With such a large portion of the population being Hispanic in the city of Miami, FedEx operations would have to concentrate on providing customers with Spanish speaking staff. Additionally, the facilities at FedEx locations would also have to anticipate a workforce that may not
The elder is expected to have learned from the previous elder, developed more knowledge and expertise, and is now passing this on to the workers that are employed. This ostensibly a function of the cultural fabric within the framework of Mexican societal mores that establishes the knowledge transfer relationship. Therefore, business operations in Mexico, as a Mexican workforce is to be hired, are a direct reflection of these cultural mores
The benefit of creating the term at this point is that lawmakers and prosecutors and defense lawyers will all be aware of the growth of the term as it moves through the judicial birth canal and is delivered in its full meaning, with all its parts in working order and ready to be tested at trial. Draft Corporate Manslaughter Bill Important as the corporate manslaughter bill is to many people, it
Corporate Governance As some queries about corporate governance were there ever since 1932 - the period of Berle and Means, the expression of the concept of Corporate Governance was not found in English vocabulary until 25 years ago. However, in the previous two decades, matters relating to corporate governance have gained importance in academic literature as well as in public policy deliberations. Corporate governance came to be acknowledged as being synonymous
It should not be treated as a separate exercise undertaken to meet regulatory requirements." (ICA, 29) Here is expressed a philosophical impetus that drives the focus of this research, that such compliance which will generally concern matters such as corporate accounting, the practice of internal oversight and the practice of financial transaction must be considered inextricable from other aspects of practical, procedural and legal operation in terms of its
In summary, we recommend that the IESBA reconsiders the proposals in the Exposure Draft and provides more guidance on safeguards applicable to sole practitioners and small accounting firms to ensure that the benefits of the changes outweigh the costs to SMEs. Under a principle-based approach, there should be safeguards and practical relief for all practitioners rather than rules-based outright prohibitions. The rewrite of this Independence component of the Code
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