Management in a Globailsed world Assignment Example | Topics and Well Written Essays - 1250 words - 2

Management in a Globailsed world - Assignment Example The expatriate should understand the culture of the destination country. The paper will offer management advice on cross-cultural training before the client sends an expatriate from South Africa to Amsterdam, The Netherlands for a 2-year asasignment. The paper will cover globalization in international business, the factors that matter when an expatriate moves to another country, the importance of culture, the comparison of Netherlands and South Africa’s culture using Hofstede’s model and things that a culturally intelligent executive should be aware of. Globalisation in terms of international business refers to the process of integration and interaction of companies, governments and people of different nations due to international trade and foreign direct investment (Went 2000). Globalisation is the process by which production and marketing in different nations is continuously becoming interdependent due to the changing dynamics in the trade, capital and technology advancements (Ritzer 2010). The current wave of globalisation is driven by the economic deregulation and free trade policies that allow multinational companies to increase the production capacities through setting own manufacturing operations in foreign markets or entering in to marketing partnerships with foreign partners (Neelankavil and Rai 2014). The advancements in technology has allowed multinationals to identify and pursue economic opportunities such as low-cost manufacturing opportunities in developing countries. Globalisation has led to exchange of raw materials , free movement of capital and infusion of cultural norms thus leading to increase in the global production output, stiff competition in markets and improvement in the quality of products (Went 2000). The establishment of multinational organizations such as the International Monetary Fund (IMF) and World Trade Organization (WTO) has facilitated the interconnectedness of national economies due to deregulation of