MMW226465 International Management, Governance and Sustainability Assignment Sample
1.0 Introduction
The significant consideration related to the international managers environment involved and the concentration that is faced by the very challenges and difficulties for a large variety of culture and environmental differentiation that are being faced by this particular position. The significant determination related to this effect of international environment that are being considered by the political, social and economic assistance than are mainly considering the overall cultural differences at the large penalty of diversification in the global management aspect.
In this assignment, the elaboration is about the particular concentration related to the effect of the international environment and considering all the aspects that can be affecting the business processes and international management aspect that will be validated with the relevant information. The illustration of the points and the concept is to the cultural differences as well as the impact of particular concentration of cultural differences on environmental aspects or social, cultural or economic considerations that will be valid in this particular assessment with relevant information.
2.0 Critical analysis of challenges
2.1 Political
The overall significance related to the political environment that can affect the international management environment, will be evaluated in this section. The political environment of a country can hinders and foster the overall economic environment and development within the country (SETYAHADI, 2020). The consideration and the fact of this particular aspect for political and economic stand for nation and the stability of the political aspect, can hinder and consider inflation as well as all local government orientation related to the business decision process. The trade regulations and all the decisions for political environment, oversight and consideration for knowing about the potential frequent support to the people, as well as the companies or business, is based on the political environment.
This is a significant elaboration related to the political environment and its effect on the international management environment on a crucial basis that is stated in this section.
2.2 Social
The cultural differences and the orientation route to the people’s tendency and the demographic nature that is affected to the businesses and international management environment or the businesses can get affected by this particular consideration (HUSNAINI, 2020). The significant determination related to the socio-cultural practices and the aspect of acknowledging this type of concept in a foreign country is a crucial aspect for the companies and organisations. The consideration and the overall aspects that are being affected for the company if their services and products are not oriented to the overall culture of the particular nation then the business will thrive in those particular market segments.
The management differences can also be related to the different culture orientation. This can affect the everyday productivity and the overall sustainability of the company. Understanding the cultural value in the foreign nation and acknowledging the demographic of the peoples is a crucial thing for the international management environment.
2.3 Economic
The economic environment and the consideration to its effect on the IME is significant. The managers of the companies and organisation must monitor the economic stability of the country in which their business is operating, the consideration and the overall estimation of the inflation rate or the taxation policy is a crucial aspect for knowing by the managements of the companies and organisation.
There are more aspects that need to be monitored by the management in terms of getting information about the economy’s performance, such as the value of the particular country’s currency in the international market, the inflation and the interest rates and the rate of the wages on import and export (Ong, 2018). All these crucial things can affect the overall business process of the companies and organisation in terms of IME.
2.4 Environmental
The consideration related to environmental aspect and the aspects to the rules and regulations for protecting the environment and species in the country is significantly determined by the management of the companies in organization. The particular aspects and the state for the environmental laws and policies for establishing factories are waste production management is significant orientation to be determined and if the significant orientation related to this management policies are not maintaining as per the laws of environmental aspect for the country (Kassim, 2018).
The strict laws related to the environment and the concentration of waste management policies need to be crucially determined and accepted by the management of the compressor. If it’s not, then it can lead to some serious consequences and considering legal actions against the company.
2.5 Analysis
The significant consideration was the political, economic and social environment that are affecting the international management environment. This is considering for the particular aspects, for the companies and organisation to go over the foreign country and takeover the overall business process and know about the market conditions of a significant basis (Awan, 2018). But from this type of aspects, the acknowledging of market segments and knowledge about the political environment is a highly crucial aspect as well as the demographic of the consumers and cultural orientation is highly considerable for the companies in organisational management to cultivate more information.
Please type specific measures for market condition, inflation rate and political stability that need to be acknowledged and assessed by the computation organisation for a significant basis. If they have a high interest over the market conditions as well as potential aspects of opportunities within the markets of the foreign nation.
3.0 Critical understanding
3.1 Ethical dilemmas
The significant orientation related to the ethical dilemmas that are affecting the global organisation name the basis of the particular factors related to the market as well as technological, economic or political. The significant consideration related to the wide range of stakeholder’s issue and related to the high consistency of the incoming quality environmental pollution aspect all are related to the ethical dilemmas.
Figure 1: Ethical dilemmas for organisations
(Source: ah4me.com/blog/ethical-dilemmas-in-organizations.html)
The ethical consideration related to the business process for hiring local labour and creating new job opportunities within the market and considering the aspect of local laws and norms and overcoming the obstacles within the different market conditions is the most significant orientation related to ethical dilemmas that are faced by the global organisation.
3.2 Effect of choices
The consideration related to the choice that are being made by the Organization for International norms and consideration that are being for attracting local capital of projects while investing in a foreign nation is the considerable aspect (Suriyankietkaew, 2019). The effect of choices and providing overall business learning skill accumulation to the general population of the particular country in terms of skilled labour harnessing and that can be helped. The decreasing countries’ depth and consideration for improving the economical stands of the particular country that is stated by the organisational choice.
These are the overall aspects of a company’s decision-making process that can affect the overall economical stand for a particular country and increase the industrial output and productivity in a significant way.
4.0 Examination and debate
4.1 Contested issues and problems that leaders face
There are many types of issues that the leaders are facing in the global leadership aspect. The concentration related to the fact and the overall aspects for honouring effectiveness throughout the time management, prioritising the effect and strategic planning that are not being done for the concentration of stakeholder’s orientation as well as the decision-making interruption that is affecting the leadership process.
Figure 2: Leadership challenges
(Source: ccl.org/articles/leading-effectively-articles/top-6-leadership-challenges/)
The development of the employees and leading a team or managing the stakeholders have some effective aspects and maintaining collaboration and prioritising the overall condition is difficult for the cultural norms and issues of conflict can affect the leadership process (Wahyuni,2020). This is a significant orientation related to the management and considering a leading aspect for the dreams and contract management or the financial issue establishment that is affecting the overall leadership, and that is a major contestant problem in the leader space.
4.2 Role of management
The role of the management and leaders to be productive and setting goals that can be useful for establishing the timeline and establish a proper aspect that can be useful for the project management orientation. The significant illustration of the poet and producing the outcomes of specific, measurable and attainable concept that can be useful for stretching the goals and objectives. This is a significant rotation related to the management role and maximising the unique value and efficiency of the employees. This is a consideration where the responsibilities and unique contributions by the management can help the global organisation to maximise their value and create efficiency of their business process.
4.3 Ethical corporate citizenship
The ethical corporate students mean the corporations responsibility over the social environmental culture, with the consideration related to establishing the economy and helping the society to be a better place. The significant orientation related to the corporate citizenship involves the companies to obtain help and stakeholders’ consideration to establish and maintain the sustainable, successful society and considering the responsibility of their employees’ life and work culture and orientation related to the perspective of establishing communities.
Figure 3: CSR
(Source: thegivingmachine.co.uk/blog/posts/corporate-social-responsibility-a-simple-guide/)
This is a significant orientation related to the ethical corporate citizenship and the meaning for knowing about the potential to help attributions as well as soon responsibility establishment throughout the market segments. The prospect of helping the communities and building the concentration of the aspect of shareholders responsibility to the social and developmental aspects that is in turn for the company’s success and orientation that is stated in this particular section.
5.0 Alternative response
5.1 Overcoming contemporary challenges
Overcoming the contemporary challenges of leadership requires overall providing inspiration to the team (Ottens, 2018). The world concentration related to the alteration of developing others is important for encouraging the employees for the potential growth and sharing the rest of the team. This is a significant orientation that is being useful for contemporary challenges overcoming leadership.
Figure 4: Impacts of conflict within a team
(Source: betterup.com/blog/leadership-challenges)
The significant orientation that are being helpful for handling different perspectives and looking over the team members can be useful for overcoming the challenges and productivity increase went for the employees (Tamayo, 2019). This is a significant orientation related to the aspects that can be useful for helping the leaders to get efficient proficiency over the self-confidence as well as controlling the aspects of team development work.
5.2 Concept of International management
The overall significance related to the international business management and the consideration that are being transactional use for the services, technology and managerial knowledge providing for a company organisation is a significant basis for the international market.
The consideration that are being used for large scale operational basis and integration of economics and knowing of the potential aspect of the financial performance and marketing activities throughout the market segments of countries as well as foreign countries and measurable for the economic potential aspect and cultural or social legal differences between the countries can be acknowledged well by the international management (Valle, 2019). This is the concentration related to the international management and its orientation for useful business, providing beneficial values and maximising profit throughout the countries in international basis.
6.0 Conclusion
In this section the conclusive remark of the given topic will be evaluated. The particular concentration related to the international management environment and the overall aspect for the political, social, economic impact, and the evaluating factors that are even in this particular assessment, with the relevant information.
The significant orientation related to the particular aspect that are being affected for the leadership and how the leaders can have a response over their challenges and overcoming this particular aspect in situational basis of the consideration for international business environment that is being evaluated in these particular aspects and considerations related to the determining factor of IME is evaluated as well. The global corporate citizenship and the concentration limit to the perspective of using and establishing communities and helping to thrive the employees’ aspects evaluated in this particular assessment as well as the overall consideration related to the particular aspect and systematic review has been given in this particular assessment.
Reference List
Journals
Awan, U., Kraslawski, A. and Huiskonen, J., 2018. Governing interfirm relationships for social sustainability: the relationship between governance mechanisms, sustainable collaboration, and cultural intelligence. Sustainability, 10(12), p.4473.
HUSNAINI, W. and Basuki, B., 2020. ASEAN corporate governance scorecard: sustainability reporting and firm value. The Journal of Asian Finance, Economics, and Business, 7(11), pp.315-326.
Kassim, S., Hassan, R. and Kassim, S.N., 2018. Good governance and sustainability in Islamic microfinance institutions. Journal of Islamic Finance, 7(2), pp.021-028.
Kaumbulu, A.K., Muathe, S.M. and James, R., 2020. Sustainability of Youth Empowerment Projects: The Role of Project Governance in Makueni County, Kenya. Journal of Economics and Sustainable Development, 11 (20), 122, 136.
Ong, T. and Djajadikerta, H.G., 2018. Corporate governance and sustainability reporting in the Australian resources industry: An empirical analysis. Social Responsibility Journal.
Ottens, M. and Edelenbos, J., 2018. Political leadership as meta-governance in sustainability transitions: A case study analysis of meta-governance in the case of the Dutch national agreement on climate. Sustainability, 11(1), p.110.
SETYAHADI, R.R. and Narsa, I., 2020. Corporate governance and sustainability in Indonesia. The Journal of Asian Finance, Economics, and Business, 7(12), pp.885-894.
Sulimany, H.G., Ramakrishnan, S., Chaudhry, A. and Bazhair, A.H., 2021. Impact of Corporate Governance and Financial Sustainability on Shareholder Value. Studies of Applied Economics, 39(4).
Suriyankietkaew, S. and Petison, P., 2019. A retrospective and foresight: Bibliometric review of international research on strategic management for sustainability, 1991–2019. Sustainability, 12(1), p.91.
Tamayo-Torres, I., Gutierrez-Gutierrez, L. and Ruiz-Moreno, A., 2019. Boosting sustainability and financial performance: the role of supply chain controversies. International Journal of Production Research, 57(11), pp.3719-3734.
Valle, I.D.D., Esteban, J.M.D. and Pérez, Ó.L.D.F., 2019. Corporate social responsibility and sustainability committee inside the board. European Journal of International Management, 13(2), pp.159-176.
Wahyuni, P.D., 2020. Corporate Governance and Sustainability Reporting Practices: Market Dimension of Financial Performance. Int. J. Business, Econ. Law, 22(1), p.1.
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