Organizations often find that they need to develop new skill

Organizations often find that they need to develop new skills and abilities in order to expand their operations internationally. Consider the differences between operating in one country and operating in many countries. Write an essay describing the skills and abilities that an organization would need to develop in order to compete in the global marketplace. Explain why those skills and abilities are especially important in an international setting. Provide examples to support your point of view.

Solution

When an organization considers conducting business in many countries it faces many challenges. There are many examples of companies working at global scales. Japanese companies sell their products everywhere in Asia. Unilever is a company which has their footing in most of the countries. Another example of such a company is Procter & Gamble. There are many skills and abilities that an organization needs to develop in order to compete in the global marketplace.

Culture in firm\'s domestic market tends to homogenous. But when a firm operates on a global scale it has to face a heterogeneous culture. It has to understand many different cultures. For example, in India during festivals, international executive often wear kurta pajama.

When a firm operates on the domestic ground it has to take care of a single currency but on an international scale, it has to face different currencies. It has to understand different exchange rates.

Skill workers can be found in developed countries easily. But in underdeveloped countries, they are hard to find. A firm working on a global scale has to develop training courses and trained instructors to trained employees in other countries.

Language barrier is an important factor in starting a business globally. Some knowledge of local language is necessary to do business. Executives working in India do speak some Hindi to their employees.

Tax laws are different in different countries. It is of extreme importance that a firm does hire some experts in tax laws.

Marketing problems exist in other countries. In China media is restricted. Google faced many obstacles in China and finally closed their service. In order to be successful globally, a firm has to understand the government and the economic condition of the country. China also has laws that the data related to Chinese customers remain in China.

In developed countries transport tends to be well developed. In less developed countries frequent problems with transport system are evident. A firm has to find alternatives.