International Management
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IM CHAPTER ONE
International Management
DETERMINATION AND COMPLETION OF SPECIFIC ACTIONS AND TRANSACTIONS CONDUCTED IN AND/OR WITH FOREIGN COUNTRIES IN SUPPORT OF ORGANIZATIONAL POLICY
The process of planning, organizing, leading and controlling of organizations engaged in international business
INTERNATIONAL MANAGEMENT Vs. INTERNATIONAL BUSINESS
INTERNATIONAL BUSINESS : TRANSACTIONS DEVISED AND CARRIED OUT ACROSS INTERNATIONAL BORDERS TO SATISFY CORPORATIONS AND INDIVIDUALS.
INTERNATIONAL MANAGEMENT IS A SUBSET OF INTERNATIONAL BUSINESS; IT DEALS WITH MANAGING SUCH TRANSACTIONS WITHIN THE BOUNDARY SET BY CORPORATE STRATEGY.
COURSE DESCRIPTION
TO PROVIDE BUSINESS KNOWLEDGE FOR SUCCESSFUL INTERNATIONAL OPERATIONS
HELPS IN DEVELOPMENT OF CORE SKILLS AND COMPETENCIES FOR SUCCESSFUL INTERNATIONAL MANAGEMENT
IT AIMS AT:
MANAGING INTERNATIONAL COMMUNICATIONS AND NEGOTIATIONS
INTERNATIONAL HRM
INTERNATIONAL LABOUR RELATIONS
INTERNATIONAL OPERATIONS MGT
INTERNATIONAL STRATEGIC PLANNING
GOING INTERNATIONAL – WHY?
MOVING TOWARDS BORDERLESS WORLD
IMPORTANCE OF CONVERGENCE AND COMPLEMENTARY DEVELOPMENTS
WHERE SHOULD THE VALUE ADDING ACTIVITIES BE PERFORMED?
WHERE ARE THE MOST EFFECTIVE MARKETS FOR NEW CAPITAL AND LABOUR?
CAN PRODUCTS BE DESIGNED IN ONE MARKET AND SOLD IN OTHER COUNTRIES WITHOUT ADDING FURTHER COSTS?
CONDITIONS FOR EFFECTIVE INTERNATIONALIZATION
OPTION OF INTERNATIONALIZATION MUST FIT WITH THE STRATEGIC DIRECTION OF THE FIRM
FIRM MUST BE WILLING TO TRAIN AND DEVELOP GLOBAL ORIENTATION IN ITS MANAGEMENT TEAM
EFFECTIVE MANAGEMENT OF CONFLICTS WITH HOST GOVERNMENT
ORGANIZATIONAL GROWTH AND INTERTNATIONAL ENTRY DECISIONS
EXPANSION OF VOLUME
INCREASE IN SALES IN EXISTING MARKETS
GEOGRAPHICAL EXPANSION
OPERATION IN DISTINCT MARKETS WITH EXISTING PRODUCTS
VERTICAL INTEGRATION