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Background
The terms “international,” “multinational,” and “global business” are
Background
The terms “international,” “multinational,” and “global business” are often used interchangeably; however, there are differences among these terms. Multinational Corporations (MNC) have facilities and assets in at least one country other than their home countries. They adjust their products (i.e., goods, services, and ideas) to each local market. Global companies in several countries promote and distribute the exact image/brand in all markets. Still, managing in either form of international business requires understanding the political, cultural, economic, and regulatory environment of the countries where they operate. Also, it is important to know how people are different in each culture. The cultural dimensions of humane orientation, individualism/collectivism, and others are key to understanding people as part of your work as a leader and a manager.
Instructions
After reviewing the learning materials for this week, select three countries from three different parts of the globe (e.g., North America, Pacific Rim or Colony, Europe). Prepare a report that includes the following:
Briefly introduce the importance of understanding cultural dimensions in global leadership.
Compare and contrast the three countries based on cultural dimensions. Discuss challenges and considerations to accommodate operating and producing goods and services during a global health crisis.
Explain how you would manage a typical work situation (choose a work scenario that you are familiar with that might include training, general supervision, etc.) regarding each of the three cultural dimensions within the countries identified earlier.
Use what you learned from the Week 1 self-assessment to discuss how your leadership strengths and limitations would help or hinder your approach to managing the situation described earlier.
Length: 5 to 7-page report, excluding title and reference pages.
References: Include a minimum of 3 scholarly resources.
Additional Resources
Citation Resources Guide: APA
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