Essay About Employee Performance And Environmental Factors

Management
GLOBAL ATTITUDESTo protect free trade, we have several organizations: WTO: World Trade Organization.IMF (FMI): International monetary firm World Bank Group OECD: Organization for Economic Corporation and Development.  MNC: A Multinational Company organization, which maintains operations in 2 or more countries.Questions to be answered: which countries should be in? What products or service should we offer? How do we enter the selected market?Global Organization has is Ethnocentric, Multidomestic Organization has a polycentric attitude Transnational or Borderless Organization  has a Geocentric attitude (their best people are travelling) What are the different ways to go global for a company? When you’re a company in Spain, and you find that buying some things from India is less expensive than when you buy it locally, that’s when you go global. Also, when you export a product, you’re going global. When you import products as well. Also, a License or Franchise is a way to go global. Joint Venture*: Company A has the money, Company B has the technology, and they form Company C, and they are both shareholders of this new company. Environmental Factors:• Politics: Governmental attitudes- greatly help or hurt; Efficiency of government judicial system; Government stability → Greatest impact on MNC’s• EconomicsIncome levels, Economic growthInflations…• Social: Levels of needs and means Attitudes of individuals regarding-workHofstede’s 5 dimensions of National Culture Analysis •TechnologyGlobal Mind-setIntellectual Capital : Knowledge of international business and the capacity to understand how business works on a global scale Psychological Capital: openness to new ideas and experiencesSocial CapitalWhat is organizational culture? • Perception• Descriptive• SharedThe shared values and traditions, and the way things are done in an organization that influence the way their members behave. Why have a strong culture? • Employee performance• Employee loyalty• Employee satisfaction The stronger the culture, the more it affects how managers plan, organize, lead and control. 8 dimensions that describe an Organization’s Culture: