Intenational or global business management

international business

1. Managing Global Business D1PK327T R.Pazhanisamy,MA, NET , Mphil, Phd Assistant Professor of Economics School of Business Galgotias University

2. Contents International Management-Concept , Dimensions and Approaches; Business culture and corporate culture; Problems of intercultural communication; Cross -cultural values and business management; Business values ethics and social responsibilities. Challenges of Global Planning: Economics, political, and strategic predisposition imperatives; Resource allocation and portfolio compositions of a global firm; Planning for linkages and synergies among business across borders; Locus of decision making; Headquarter-subsidiary relationships in international business enterprises.

3. Definition Global business management refers to the practice of managing business operations that span multiple countries and cultures

4. Global Business Management Global Strategy Cultural Understanding International Marketing Global Supply Chain Management International Finance :. Human Resources Management : Legal and Ethical Considerations : Technological Integration : ….

5. Global Business Management-Dimensions Strategic Dimension Cultural Dimension Organizational Dimension Operational Dimension Financial Dimension :. Legal and Ethical Dimension Legal and Ethical Considerations : Technological Integration : ….

6. Ethnocentric Approach Polycentric Approach Regiocentric Approach :. Geocentric Approach : Global Business Management- Approaches

7. Business Culture and Corporate Culture Business Culture refers to the set of norms, values, beliefs, and practices that are prevalent in the business environment of a specific country, region, or industry. Corporate Culture refers to the internal environment of a company, defined by the values, beliefs, behaviors, and practices that guide how employees within an organization interact with each other and with external stakeholders : ….

8. Characteristics of Business Culture National Influence Communication Styles Decision-Making Processes Negotiation Practices Workplace Etiquette Attitudes Toward Risk and Innovation : ….

9. Values and Mission Leadership Style Employee Engagement Work Environment Ethical Standards : Innovation and Change Google : Known for its culture of innovation Apple : culture is driven by a passion Toyota : Emphasizes a culture of continuous improvement Characteristics of Corporate Culture

10. Intercultural Communication and Challenges Language Barriers Nonverbal Misinterpretations Assumptions and Stereotypes Global Supply Chain Management Differences in Communication Styles Cultural Norms and Etiquette : Ethnocentrism : Time Perception Contextual Differences Emotional Expressiveness Power Distance

11. Business Values and Business Ethics Business values are the core principles and beliefs that guide a company's actions and decision-making. They define what the organization stands for and influence its culture, strategy, and interactions with stakeholders Business ethics refers to the moral principles that guide the behavior of a company and its employees. It involves making decisions that are not only legally compliant but also morally right and fair to all stakeholders

12. Global Business Planning: Challenges Cultural Differences Political and Legal Risks Currency Fluctuations Market Research and Analysis Logistical and Supply Chain Complexity : Compliance with International Regulations : Technological Integration Human Resource Management : Competition from Local Firms Geopolitical Tensions Ethical and Social Responsibility Challenges Adapting Products and Services Cross-Border Collaboration Intellectual Property Protection Economic Instability

13. Resource Allocation It refers to the process of distributing a firm’s resources—such as capital, human resources, and technology—across its various operations and projects Strategic Priorities Market Potential Operational Efficiency Risk Management Talent Management : Technology Investment : Technological Integration Financial Resources :

14. Portfolio Composition Portfolio Composition refers to the mix of business units, products, or investments that a global firm manages. The goal is to create a balanced portfolio that maximizes returns while managing risk Diversification Business Units Product Lines Geographic Markets Risk vs. Return : Synergies Strategic Fit : Performance Monitoring

15. Challenges in Resource Allocation Complexity : Dynamic Environment Cultural Differences Integration : Performance Measurement Others

16. Planning for Linkages across Borders Identify Strategic Objectives Map out Business Units and Operations Evaluate Potential Synergies Develop Integration Strategies Implement Coordination Mechanisms Manage Cultural and Organizational Differences Monitor and Adjust

17. Locus of Decision Making It refers to where decisions are made within an organization or a business unit, and how authority is distributed across different levels and functions . Centralized Decision Making Decentralized Decision Making Delegated Decision Making

18. H eadquarter-Subsidiary Relationships Centralized Control: Decision-making concentrated Decentralized Control: Subsidiaries are granted significant autonomy to make decisions Hybrid Control: Combines elements of both centralized and decentralized control Matrix Structure: where subsidiaries report to both functional and regional managers Network Approach: Emphasizes a network of relationships and collaborations between headquarters, subsidiaries, and external partners

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