Hello, my name is Ahmad Rizky Subhansyah, from Accounting Department, my NPM is 2511031086
here is my answers:
1
.Borderless World & Managerial Issues
The world is becoming more connected thanks to globalization, advances in technology, and open trade
.
In this environment, goods, services, people, and information can flow easily between countries
. As a result, companies now operate on a global scale, hire workers from different countries, and manage supply chains that span the globe
.
Managers today face several important challenges:
* Differences in culture can make it hard to work with diverse groups and can lead to misunderstandings
.
* There is a need to act responsibly by treating workers fairly, protecting the environment, and following ethical business practices
.
* Economic and political problems, like trade disputes, high taxes, or unstable governments, can affect business operations
.
* New technology is changing how businesses work, and managers must keep up with digital changes while staying safe from cyber threats
.
* Managing a global team and supply chain means working across different time zones and dealing with unexpected problems
.
In short, while globalization opens up new chances for growth, it also brings difficult challenges that require smart, culturally sensitive, and forward
-thinking leadership
.
2
.Market Entry Strategies for Foreign Markets
Companies can adopt various approaches to enter international markets, considering factors like risk, cost, and level of control:
1
.
Exporting: Selling domestically produced goods to foreign buyers
. This method involves low risk and cost but offers limited control over foreign operations
.
2
.
Licensing & Franchising: Permitting foreign firms to use the company’s brand, technology, or business model in exchange for fees or royalties
.
3
.
Joint Ventures & Strategic Alliances: Collaborating with local firms to share resources, knowledge, and risks
.
4
.
Foreign Direct Investment (FDI): Establishing or acquiring operations in a foreign country, such as factories or subsidiaries
. This strategy involves higher risk but provides greater control
.
5
.
Contract Manufacturing: Outsourcing production to foreign companies to cut costs
.
6
.
Greenfield Investment: Building new facilities from scratch in a foreign country
.
Each strategy involves a trade
-off between risk, investment, control, and potential returns, and businesses choose based on their objectives and available resources
.
3
.Definition of International Management:
International management involves overseeing business operations across different countries, requiring the coordination of people, resources, and activities in multiple regions
.
Difference from Domestic Management
* Scope: International management spans multiple countries, whereas domestic management is confined to a single nation
.
* Cultural Factors: Managers must navigate diverse cultures, languages, and work practices
.
* Environment: International managers deal with varying legal systems, political risks, and economic conditions
.
* Complexity: Global supply chains, exchange rates, and cross
-border communication add to the complexity compared to domestic management
.
In conclusion, international management demands a broader range of skills to handle cultural, legal, and economic differences than managing within a single country
.
4
.The Impact of Environmental Differences on Business Operations:
* Economic Environment: Variations in income levels, infrastructure, currency stability, and economic development influence pricing, demand, and investment strategies
.
For instance, luxury products may perform well in developed countries but face challenges in low
-income markets
.
* Sociocultural Environment: Differences in language, religion, values, and consumer behavior affect marketing practices and teamwork
.
Misunderstanding these factors can lead to ineffective promotions and poor management
.
* Legal and Political Environment: Diverse laws, regulations, tax systems, and political stability impact business operations
.
Trade barriers, labor laws, and political instability can heighten risks and operational costs
.
In total, these environmental differences necessitate that companies adjust their strategies to align with the unique conditions of each market
.
5
.Definition of International Management:
International management involves overseeing business operations across different countries, requiring the coordination of people, resources, and activities in multiple regions
.
Difference from Domestic Management
* Scope: International management spans multiple countries, whereas domestic management is confined to a single nation
.
* Cultural Factors: Managers must navigate diverse cultures, languages, and work practices
.
* Environment: International managers deal with varying legal systems, political risks, and economic conditions
.
* Complexity: Global supply chains, exchange rates, and cross
-border communication add to the complexity compared to domestic management
.
In conclusion, international management demands a broader range of skills to handle cultural, legal, and economic differences than managing within a single country
.
6
.The Impact of Environmental Differences on Business Operations:
* Economic Environment: Variations in income levels, infrastructure, currency stability, and economic development influence pricing, demand, and investment strategies
.
For instance, luxury products may perform well in developed countries but face challenges in low
-income markets
.
* Sociocultural Environment: Differences in language, religion, values, and consumer behavior affect marketing practices and teamwork
.
Misunderstanding these factors can lead to ineffective promotions and poor management
.
* Legal and Political Environment: Diverse laws, regulations, tax systems, and political stability impact business operations
.
Trade barriers, labor laws, and political instability can heighten risks and operational costs
.
In total, these environmental differences necessitate that companies adjust their strategies to align with the unique conditions of each market
.
7
.Cultural Intelligence (CQ):
Cultural intelligence refers to the ability to understand, respect, and adapt to different cultural norms, values, and behaviors in international environments
.
It extends beyond language proficiency and encompasses awareness, empathy, and flexibility when interacting with individuals from diverse backgrounds
.
Why It’s Necessary for Managers:
* Assists managers in communicating effectively and avoiding misunderstandings
.
* Builds trust and fosters positive relationships with local employees, customers, and partners
.
* Enhances decision
-making by taking cultural expectations into account
.
* Improves leadership effectiveness in motivating and managing diverse teams
.
* Minimizes the risk of conflict or failure in cross
-cultural business operations
.
In short, cultural intelligence is essential for managers as it ensures smoother adaptation, stronger collaboration, and greater success in international markets
.