Describe how global managers are able to influence management decisions
despite cultural and language differences. Discuss current management practices and principles used in the current global business environment. Use effective communication.
Primary Task Response: Your first task is to begin to build your assignment which will continue into week 5 in an individual project. Below is the lead in to your assignment task. You will build on this in the final IP for your final project in Unit 5IP. Attach your document to the main discussion post, and include any notes you feel are appropriate. The purpose of this assignment is to help improve the quality of the Key Assignment Draft you will complete next week.
A regional bank has decided to open an office overseas for serving those businesses that are expanding internationally. Choose a country with a large financial center that you believe would be helpful to your customer base.
- Discuss some of the challenges you may face in this new environment.
- What are the cultural, ethnic, social, and educational characteristics?
- Describe the political and legal systems.
- How much does the government intervene in the private sector?
- How will that affect your financial institution?
- What type of economic system does it have?
- What is the history of that economic system?
- How is the country involved in international trade?
- How does the government get involved in trade issues?
- Will that help or hurt your financial institution?