Tuesday, February 19, 2013

International Business

A competitive environment with no global territorial boundaries and ever increasing complexity puts the managers into dilemma. In the present old age of global competition, there is more of online business and seamless converse and continuous improvement. A manager who manages and uses better the available learning throughout his value chain, becomes successful in the current commercialise conditions. This research concludes that, managers success is related to how l the company manages and uses its information. There is a great need to gain reliable and user friendly information system that can help in collecting entropy. This would facilitate decision making. The managers build to use logic to extract the most out of the data collected. This logic should support monthly reviews and decisions, and the daily decisions too. In ingenuous words the managers must be proactive towards taking decisions and non reactive.

In general, whenever a manager/supervisor is given additional responsibilities overseas managers then they share common traits with their domestic counterparts. When a manager is hired, he needs the technical knowledge and skills to practise on the job. The intelligence and skills of the people make a individual a successful manager. The managers are screened for traits which predict success in adapting to new environments.

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A manager needs to have the interest characteristics to face global challenges.
The managers have to face challenges for cross-cultural communication and language barriers
Willingness to communicate, and form relationships with others, and experiment with new things
They should have the energy to cope with the stress of new situations
They need to be flexile and have open-mindedness about other cultures
They need to manage diddle instead of people.
They must care of their spouses career situation and individualised attributes
They should plan and organize effectively
They must take decisions by group consensus
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