Market Challenges
Like any other business, multinationals face a myriad of challenges that hamper ideal growth and development of such organizations. The increasingly competitive landscape has made these multinational companies (MNCs) strive hard to survive in the market. Regulatory, cultural differences and the uncertain market outlook elucidates these challenges in MNCs. Organizational theorists have established a number of challenges that affect these firms, some which are different from those of domestic firms. Cross-cultural differences have emanated as a major hurdle concerning MNCs. Market liberalization and globalization have fueled a number of risks, some which are unique to MNCs (Cullen & Parboteeah, 2009).
The dynamic and turbulent business environment has presented several challenges, some that were never experienced before. The developing nations have upgraded their productive capabilities as they can now offer technologically sophisticated products and services. In this case, they have increased competition unlike in the previous years. In the recent years, developing countries have ceased to be mere cheap sources of labor. Emerging nations have provided an extensive pool of resources that offer excellent opportunities to stimulate growth and development. The relative illiquidity of financial markets has forced MNCs to become more cautious when making investment decisions. In such cases, MNCs are faced with...
Social and Ethical Issues Short Case Consulting for a Tobacco Company It would be difficult for me to consult for a tobacco company. I would have to seriously weigh the pros and cons of the assignment. One positive aspect is that it is only a short-term assignment. Thus if I did accept the assignment, it would only be for a short duration with a defined end point. Another advantage is that I would
Sustainable Development - a Global Challenge Need for Change State Sovereignty Sustainable Development Challenges for Businesses The Role of MNCs in Sustainable Development The Global Compact Initiatives outside the Global Compact What is International Sustainable Development Law (ISDL)? International Environmental Law and its Impact on Australia Sustainable Development: A Global Challenge For many years, sustainable development has been one of the controversial issues faced by world leaders and citizens (Parmetier, 2002). The issue pervades both private and public sectors, and is
Once this occurs, is when an organization will face a number of ethical challenges, as they want to maintain healthy profit margins and are forced to push employees to work even more hours. At which point, it is only a matter of time until productivity levels will decline. The best way to establish ethical practices in various host countries is to create an ethical code, based upon cultural traditions and
international business expansion process. International recruitment and selection brings a number of challenges for business organizations. They not only face difficulties in hiring the desired skillful staff from the host country, but may also have to deal with severe financial and cultural diversity issues. Through this research study, an effort has been made to highlight the major challenges and issues which make the international recruitment and selection process more complex
Globalization and Human Rights Human Rights Issues and Globalization Overview of Human Rights Overview of Globalization Implications of Globalization on Human Rights Human Rights for Future Generations Overpopulation Climate Change It was argued long ago by Greek historian Herodotus that there are no universal ethics (Ishay, 2008). The historian argued that different cultures had different perceptions about what is acceptable behavior and what rights people should be granted. Herodotus illustrates this argument by comparing burial rituals that were
Pharmaceutical industries have to operate in an environment that is highly competitive and subject to a wide variety of internal and external constraints. In recent times, there has been an increasing trend to reduce the cost of operation while competing with other companies that manufacture products that treat similar afflictions and ailments. The complexities in drug research and development and regulations have created an industry that is subject to intense
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