Memorandum International management associated Essay

Businesses have crossed borders, and it has been suppuration rapidly in recent decades because of the liberalization of government policies, and technological expansion. To execute the worldwide demand of customers, it requires strong managements skills, sensitivity to cultural issues, and intercultural competence. As the transnational corporations grows and improve the quality, and operate at international level, this is wherefore managers should ask ternion critical questions, first why should I expand internationally? endorse where should I expand? Finally, how to expand? Which give process to achieve self-made strategic objectives. In this memorandum the card of Directors for alphabet Complete Kitchens, Inc. military control sectors of the advance of directors of the plant relative to international sales of products of for first principle Complete Kitchens, Inc forget be examined. This memorandum analyzes the international management good wills associated with the plant. ABC Complete Kitchens, Inc is anticipating nigh twenty percent of the sales from the international and oversea market. Therefore, the board of directors has denotative their concerns about the management ofinternational aspects for the plant. Some issues have been identified in overseas management procedures, and considerations for the same ar to be provided. This memorandum expresses the concerns for the same. The ABC, Inc unavoidably to adopt international management strategies to sustain its competitive position in the market via adequate cultural, technical, political, and scotch environs. Localization ConcernsAfter knowing why to expand either to increase sales or to cut cost or for other reasons . The ABC, Inc, should decide which countries to enter first, which type of countries to chose, what criteria to fol wiped out(p) to reap these choices. The outmatch suggestion for ABC, Inc is enter the countries with the largest potential customers for its products, ho wever managers should also specify about how likely they are going to success in special(a) foreign market, and how to measure not only the geographic distance, but language, cultural, administrative, and economic distances as well. Language ConcernsLanguage affects the way of employees, customers and demarcation objet dartners communicate with from each one other. Based on the level of foreign language knowledge essentially the Englishin the countrys society, the ABC Inc. must carefully decide whether it can use English as a running(a) and advertising language or if its management has to learn the countrys own language and general anatomy the outline on that language (Kozenkow). pagan ConcernsThe habits, behaviors and consumer takeences of ein truth society are determined with Culture. While implementing a railway line strategy overseas, ABC Kitchen Inc, should consider all the cultural characteristics of the targeted society. When entering saucy country the t degener ate should ask if the customers want the same thing, or it will have to modify the product to fit their satisfactions. . Therefore, for increasing overseas sale, ABC Inc, must plan its overseas strategy keeping in mind of the culture of the country for which the strategy is being planned. Administrative and planetary Laws concernsThe ABC kitchen, Inc, need to abide and respect the different regulations,government policies, and ratified systems, because countries vary widely on these dimensions, which require the firm to has a oceanic abyss understanding on how to meet those regulations to avoid failure, even if the firm has the best products in the markets. Technical development concernsDifferences among the technical development and facility of markets internationally or within the United States determine fundamentally the opportunities of production, sales and trade of the operating businesses. vigilance can build your advertising and promotion strategy exclusively on the Int ernet if the majority of the national population or local community uses the Web as its primary source of information. sparing concernsAn other important factor is economic concern which is the average of buying power customers in different countries, and how elastic this power is, therefore, it means how overmuch demand for the product mixtures, as the price goes up and down, because this is a good-looking deal for the firm to know who are used to buy products in the market, where every one is wealthy. In other hands, may people with low wage should be a target. Economic differences like these have a major influence on what type of products will be demanded. emerge Chain ManagementSupply cooking stoves are an integral part of planetary quality and cost management initiative, because a typical confederacys supply chain cost can represent more than 50% of assets and more than 80% of revenues. (Ball, 2010), in other word, the ABC, Inc should reduce the document of chain supp ly to reduce the cost. In order to do that the Board of Directors of ABC Inc. has to expresses reconsiderations for management across business functions in supply chain management. Managing the flow of raw materials, supplies as well as finished products are equally important as the management of sales and marketing. Competition other concern is the competition in overseas market. Local products tend to be cheaper than the internationally exported products due to various forms of taxes included in them. Therefore, how will be the completion met in theoverseas market and what the management plans to do with the taxes and prices in the overseas market, the board of directors should be interested in knowing these aspects. finance and AccountingAnother factor that the firm should take it on consideration is the accounting practices and standard changes across the national borders, it is an obstacle to merge supplementary financial results with those at the parent familiarity, this is why there is a increment movement toward convergence of accounting standards across countries (Ball, 2010). This convergence will help the financial management to be more integrating, because the statements will be comparable. ABC complete Kitchen Finance management is particularly a concern point, as overseas countries change in appraise in terms of each other based on currency exchange rates. How will the ABC Inc. comply with financial laws and regulations in the host country, the concern particularly addresses chase questions to be answered What management is doing to understand how fluctuations in currency value change international business transactions? What is the process for financial tools such as derivatives, hedges, payment timing, exposure netting, price adjustments, balance sheet neutralizing, and swaps, and how they affect business performance? When and how to pay exporters in forms other than money buyers frequently prefer payment rendered in the form of goods or s ervices (countertrade)? Human pick concernBoard of directors of ABC complete Kitchen Inc. has expressed interest and concern about the strategies of management and have questioned that how will be the take of the resources and workers will be met across different countries. Furthermore, what is the best way to meet the needs of these employees and also best utilize their skills and talents to keep the business functioning swimmingly? (Business) Ethics and Society ConcernsAfter the ABC kitchen,Inc arrangeed a business global plan for marketing, operations, and human resource management , should now establish an ethically and socially business plan among its international management considerations.The heading of the firm is not simply to make profit, but to create value for all of its embarkholders, business success is judged not simply by companys financial, but by how well it serves broad social interests (Laweren, 2008). In other words if ABC ,Inc want to successes internation ally, it should adopt strategy that pay ethical determine and the respect of people on its global environment and for different people that affect the company, from the stakeholder ,to the shareholders, employees, customers, and society. To achieve that the Broad Director of the firm should adopt a stakeholder theory that consists on identifying the relevant stakeholders group, determining the stake of each group, determining how the expectation of each group are met, lastly look for the stakeholder interests. By following these move the firm will build a good relationship with the shareholder, moreover will build news report and trust that will enhance its performance. Finally, for the hiring process the ABC ,Inc should put values and ethics as requirement to hire new employees, because it will not just help the organization but the global market place. lastIn summary, getting global strategy wright can be very difficult, because it requires matching the wright reasons for goi ng global with the wright places and the wright strategies. The ABC Complete kitchen, Inc should follow the steps suggested while managing significant differences between countries, and responding to the intense rivalry from both global and local competitors, however when the challenges are great, the ABC Inc should get it wright, to win in a really big way.ReferencesBall,G. (2010). International business The Challenge of global competition,12th Edition, New York, NY the McGraw-Hill CompaniesBoundless.com. (n.d.). Considerations-when-managing-a-global-corporation. Retrieved from https//www.boundless.com/management/textbooks/boundless-management- textbook/globalization-and-business-14/managing-international-corporations- 107/considerations-when-managing-a-global-corporation-499-10752/. Business, R. f. (n.d.). International Management. Retrieved from http//www.referenceforbusiness.com/management/Gr-Int/International-Management.html.Kozenkow, J. (n.d.). International Management Challen ges. Retrieved from http//smallbusiness.chron.com/international-management-challenges-56168.html. Lawerence,W. (2008). Business and Society Stakeholders, Ethics, Public Policy, 12th Edition. New York, NY The McGraw-Hill Companies.Sullivan, D. (2011). Business strategies for organisational effectiveness within the global Perspective. Pearson Education, NJ Prentice hall.