This is important, because establishing high standards for executives to follow will help to promote the company's long-term interests. The reason why, is because these standards are guiding officials about how they should be interacting with various governments. When you are holding staff accountable for their actions (through the various standards that have been implemented), this helps to improve the image of organization and increase its dominance in key areas. Where, this is establishing a tradition of following the basic cultural standards within a particular region. Yet, it is drawing a line when certain activities can become unacceptable. When you put these two elements together, they are highlighting how the code of conduct will serve as a way of helping to support the most ethical activities (from company executives around the globe). ("Microsoft Standards of Business Conduct," 2010)
Does the company have any social programs in the country/countries where it operates? If so, briefly describe one.
In every country that Microsoft has operations, they are encouraging employees to support various social programs and initiatives. Part of the reason for this, is because these programs help to improve the image of the company and they allow executives to interact with various citizens. This is important, because it increases cultural understanding and can allow the company to cater products for specific geographic regions. A good example of this can be seen with Microsoft's Unlimited Potential Program. This is where the company will work with other businesses and governments, to bring affordable technology solutions to the general public. ("Unlimited Potential," 2010)
What are the indicators the company might monitor to guide their investment and actions in the future?
The indications are high. This is because one of the company's founder's (Bill Gates) has been continually focused on addressing various social issues through his foundation (the Bill and Melinda Gates Foundation). Given the fact that he has been...
International Corporation Walmart Because of the abilities of the internet and the expansion of global interests, there are many more international corporations today than there were in the past. One of the largest and most recognized of those corporations is Walmart. It operates in nearly all developed countries in the world, and is one of the largest retailers on the planet (Fishman, 2006; Zook & Graham, 2006). While it started out
International Organizational Structures Companies engaging in global business ideally adopt business structures/models that give a significant competitive edge over other worldwide companies. Four of the major structures/models employed globally focus on Product, Geographic Area, corporate Functions or specific Customer groups (also known as "verticals"). Research shows that specific business adopt one or more of these models based on corporate circumstances and with varying degrees of success. Global Product Structure/Model and Example Global Product
John (1996, p. 46). Communication problems arising out of different business traditions, lack of communication, cultural differences, growth of external stakeholders might occur and result in unfavorable litigation, negative publicity, and unfavorable regulatory policies. Therefore, supplier assignment and integration into the L'Oreal community are based on the key values: mutual respect, transparency, sharing of information, strong communication and high business standards. To integrate a new supplier or subcontractor, a
Interest in home improvement has increased dramatically in recent decades, particularly with the rise of home improvement and do-it-yourself television, magazines, and other media. But on the con side, disposable income may be reserved for fuel, not for new home amenities. Please remember that Americans are not used to paying so much for gasoline, unlike Europeans! Furniture such as tables and chairs can also be acquired used, and there has
Navistar International Corporation, formerly known as International Harvester Company, is a U.S. based holding company that owns the manufacturer of International brand commercial trucks. It is located in Warrenville, Illinois, with about 500 employees and revenues of almost $10 billion. Through a network of about 1,000 dealer outlets in North and South/Central America, and more than 90 global countries, it sells parts and contracts for services for large truck machinery.
Differences in international orientation include ethnocentric, polycentric, geocentric, and regiocentric. Each of these has varying levels of recognition of how diverse one culture is relative to another with the ethnocentric mindset being the most biased towards ones' own culture being the best. The one that sees a more accurate view of globalization is polycentric which sees the unique values of each culture on its own merits. Globalization has also seen
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