International Business Management - A Comparison



Abstract

The globalization of the economy reflects the importance that was taken by international trade. International trade includes trade in goods but also intangible assets, capital flows and the internationalization of service activities. The development of international trade has undergone a first phase of expansion after the Second World War. It was reflected in particular by developing international sales of goods, whether raw materials, manufactured goods or agricultural products. From the analysis, it is clear that the Wal-Mart fulfils it mission by integrating the processes and human resource towards the achievement of goals. The mission and vision are effective in avoiding the threats and deploy the strategies towards the opportunism. Today, Toyota Motor Corporation operates more than 500 chapters worldwide. In the fiscal year, April 2007 to March 2008, the indicators of business performance showcase the area subsidiaries as one of the largest corporations in the world.

International Business Management - A Comparison

Introduction

The globalization has expanded the worldwide trade, helped in a number of advances in the field of technology, and the increment in the total count of organizations that are operating on the global stage have gave rise to a spectacular change in the context, frequency, and means through which, from diverse backgrounds interact. This is one of the biggest issues in the global business these days, and calls for a lot of attention from the relevant authorities of the global business. This is a sort of problem that can have a particularly profound effect on the business, and a global business has to make sure that it manages the cross-cultural differences between its employees in a proper way to ensure smooth operations and profitability in the business.

Discussion

A demand for solutions for cross-cultural management in the global business are progressively being considered like a necessary and a valid method, which can be used to enhance the process of interaction and communication among the different employees in organizations. This can also help an organization to communicate properly with the organizations, which belong to some different culture, and assist the organization in dealing with customers from other cultures (Griffin & Pustay, 2010). There are a numerous consultancy services available for managing the cross-cultural differences, and they are involved in the process of helping organizations to discover solutions to challenges that are developed because of differences between different cultures.

International and national businesses are developed through people, i.e. employees and customers are the most crucail aspects of any business. As like software that is incompatible with certain settings, likewise, if the employees in the organization are functioning on a completely different coding of culture, there would a number of problems in the management of business. Therefore, international businesses should keep their effort on the focal point of interpersonal communication between employees.

Toyota

Toyota Motors is the runner of the automotive industry and is situated in Japan, a county with a different business environment than America. This is evident from its history. They were the first to introduce hybrid ...