UAE Multinational Corporations' Strategies Term Paper

UAE Multinational Corporations' Strategies - Term Paper Example It is evidently clear from the discussion that an international business is an enterprise or entity that is involved in commercial transactions in two or more than two countries. An international business cuts across boundaries in doing business. The business environments are the surrounding factors that influence the business performance. The business environment can have a number of impacts on business. Before establishing a business in a foreign country; it is imperative to study the business environment to establish the feasibility of a particular business. The economic factors in a given country will influence the habits of the consumer. A good economy is one that has empowered consumers to purchase products they demand thus satisfy their needs. Recession and Inflation influence the purchasing power of consumers. In a market that is undergoing recession, there is a tendency of consumers not to purchase commodities. The recession is usually caused as a result of the scarcity of m oney in the economy. Investors always don’t risk setting up a new venture in a market that is undergoing a recession. This is because produce will not sell as the consumers limit their spending. Inflation is an economic situation where the prices of goods and services shot up hence limiting the consumers’ purchasing power. When there is an increment in the price of goods or services, the consumers anticipate lower prices in the future and thus they do not spend on such commodities. The consumers can also seek alternative products that are relatively cheap and can serve their needs. It is proper to investigate the market before setting up a business venture or marketing a product. Factors that will influence a business venture to be established in an inflated economy are vast. If the good or service being offered does not exist in the new business environment, then it is worth investing there. If the good or service is a primary commodity and will be offered at a relati vely cheaper price then the venture can be set up despite the inflation.

Managing multiculural teams Essay Example | Topics and Well Written Essays - 750 words

Managing multiculural teams - Essay Example The article provided an example of American team working with a Korean group. The Americans communicated a problem directly to the superiors of the Korean team. This created lots of problems because in Korea the cultural norm is for the Korean workers to explain the problems to their superiors, not for outsiders to identify the problems. Resistance to change often occurs in multicultural work teams. It is hard for people from different cultures to accept the social norms of others. The language barrier can create communication problems in multicultural teams. The knowledge I gained from reading this article can be put to good in the future by me. I leaned that it is imperative to have patience and understanding when working in multicultural teams. Due to the diversity of the U.S. workforce it is common for employees to face situations that require cultural understanding. The United States is a multicultural society. I realize after reading this article that the cultural factor is a variable that must be considered by managers. An issue that was mentioned in the article that can lead to miscommunication is direct and indirect communications. Sometimes indirect communication can lead to problems because an employee may misinterpret the message. In the future I planned on taking a proactive approach to multicultural team settings. I will study and learn about the culture of my co-workers in order to better understand their point of views. The four strategies that were suggested by the author of the article to deal with multicultural team issues were adaptation, structural intervention, managerial intervention, and exit. The adaptation strategy is more effective when team members are willing to acknowledge and name their cultural differences and assume responsibility for figuring out to live with them (Brett & Behfar & Kern). A positive aspect of this strategy