International Management

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?

o MOVING TOWARDS BORDERLESS WORLD

o 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

1. EXPANSION OF VOLUME

* INCREASE IN SALES IN EXISTING MARKETS

2. GEOGRAPHICAL EXPANSION

* OPERATION IN DISTINCT MARKETS WITH EXISTING PRODUCTS

3. VERTICAL INTEGRATION

* BY