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International mindsets

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Manish Gurung
Manish Gurung

This document provides an overview of international management. It defines international management as accomplishing global objectives through a firm. The document discusses how businesses have evolved from domestic to multinational to global operations. International management involves understanding factors like culture, societal norms, and business strategies in different country contexts. Adapting to local cultures is important for businesses to succeed internationally.

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Chapter # 1 By: Manish Gurung
INTERNATIONAL MANAGEMENT Content: What is International Management? What is International Business? Environment of International Businesses International Companies and International Mindsets Evolution of International Enterprise Why Engage in International Business? Strategic Objectives and Competitive Advantages
BASIC LOGIC BEHIND IM Terms & meaning: Business means an organization International means being global or multinational or transnational Management the art of getting things done through people or technology.
Breaking the Terms BUSINESS: Exchange of goods and services, buyer, seller, manufacturer and vice versa. INTERNATIONAL: Nations, Trade, Regulations, culture, familiarity, Trend, economy and vice versa. MANAGEMENT: Forecasting, Planning, Organizing, Commanding, Coordinating and controlling. To sum up, management is basically combination of Marketing & Innovation
INTERNATIONAL MANAGEMENT Combine the words and you get A Process of accomplishing the global objectives by the firm
Traces of Management Dates back to 18th century in western countries and 6th century in eastern countries. Industrial revolutions, Military Practices contributed to management. The Art of War a book containing awareness of and acting on strengths and weaknesses of both a managers organization and foes Chinese General Sun Tzu in 6th century BC
EVOLUTION DOMESTIC INTERNATIONAL MULTINATIONAL GLOBAL TRANSNATIONAL
HOW DO THEY DO IT? A Business is bound by their Vision Mission Objectives Business Policy Business Strategy This is what drives businesses ahead, the stronger their mission, vision goals, policy and strategy the more broader, fatter and global it becomes
WHY DO BUSINESSES GO GLOBAL?
CULTURE By: Kshitiz Dangol
SOCIOLIZATION The process of enculturation or the adoption of the behavior patterns of the surrounding culture
CULTURE Defined as the arts and other manifestations of human intellectual achievement regarded collectively.
APPROACHING CULTURE There are 194 countries enlisted and inside a single country there are 10 to 20 cultures. Identifying culture and understanding is hard A Business cannot simply evade a culture in a country, it needs to adapt. There are strategic ways to approach a culture:
Travel to other countries Read books and articles Study the history, religion, politics, values, customs Study the language Maintain realistic expectations
Cultural Element Categories Sense of space and self Communication and language Dress and Appearances Food and feeding habits Time and time consciousness Relationships Values and Norms Beliefs and attitude Mental process and learning Work habits and Approaches
Strategy for International Management Country profile- Uncertainty avoidance Masculinity Individualism Power Distance
Whats in it for us? it covers all the issues that arise as a consequence of international and global strategies.

More Related Content

International mindsets

  • 1. Chapter # 1 By: Manish Gurung
  • 2. INTERNATIONAL MANAGEMENT Content: What is International Management? What is International Business? Environment of International Businesses International Companies and International Mindsets Evolution of International Enterprise Why Engage in International Business? Strategic Objectives and Competitive Advantages
  • 3. BASIC LOGIC BEHIND IM Terms & meaning: Business means an organization International means being global or multinational or transnational Management the art of getting things done through people or technology.
  • 4. Breaking the Terms BUSINESS: Exchange of goods and services, buyer, seller, manufacturer and vice versa. INTERNATIONAL: Nations, Trade, Regulations, culture, familiarity, Trend, economy and vice versa. MANAGEMENT: Forecasting, Planning, Organizing, Commanding, Coordinating and controlling. To sum up, management is basically combination of Marketing & Innovation
  • 5. INTERNATIONAL MANAGEMENT Combine the words and you get A Process of accomplishing the global objectives by the firm
  • 6. Traces of Management Dates back to 18th century in western countries and 6th century in eastern countries. Industrial revolutions, Military Practices contributed to management. The Art of War a book containing awareness of and acting on strengths and weaknesses of both a managers organization and foes Chinese General Sun Tzu in 6th century BC
  • 7. EVOLUTION DOMESTIC INTERNATIONAL MULTINATIONAL GLOBAL TRANSNATIONAL
  • 8. HOW DO THEY DO IT? A Business is bound by their Vision Mission Objectives Business Policy Business Strategy This is what drives businesses ahead, the stronger their mission, vision goals, policy and strategy the more broader, fatter and global it becomes
  • 9. WHY DO BUSINESSES GO GLOBAL?
  • 11. SOCIOLIZATION The process of enculturation or the adoption of the behavior patterns of the surrounding culture
  • 12. CULTURE Defined as the arts and other manifestations of human intellectual achievement regarded collectively.
  • 13. APPROACHING CULTURE There are 194 countries enlisted and inside a single country there are 10 to 20 cultures. Identifying culture and understanding is hard A Business cannot simply evade a culture in a country, it needs to adapt. There are strategic ways to approach a culture:
  • 14. Travel to other countries Read books and articles Study the history, religion, politics, values, customs Study the language Maintain realistic expectations
  • 15. Cultural Element Categories Sense of space and self Communication and language Dress and Appearances Food and feeding habits Time and time consciousness Relationships Values and Norms Beliefs and attitude Mental process and learning Work habits and Approaches
  • 16. Strategy for International Management Country profile- Uncertainty avoidance Masculinity Individualism Power Distance
  • 17. Whats in it for us? it covers all the issues that arise as a consequence of international and global strategies.