Responding to Global is at Ion

8/14/2019 Responding to Global is at Ion

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Responding to

Globalisation

Presented by:Pratiksha Gupta

Tamal Goswami

Avijit Mitra

Riddhi Mukherjee

Ritwik Banerjee

Raunak Bose


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Increased foreignassignments

Chapter 1


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FOREIGN ASSIGNMENT

DEFINATION

OBJECTIVES

THREATS


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CHALLENGES

Foreign exchange rate volatility.

Languages and culture differences.

Protectionism. Global competitors

High cost of global sourcing of

resources and global making of aproduct.


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OPPORTUNITIES

Cost minimum advantage.

Use of new technology.

Large investment in R&D. Insulation from fluctuation in

economy in one country due to

presence in many country.


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TO DEVELOPED COUNTRY &

COMPARATIVEDISADVANTAGE TO

DEVELOPING COUNTRY ADVANTAGE _ SURPLUSBUDGET

DISADVANTAGE _ DEFICIT

BUDGET


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CONFLICT OF INTERESTBETWEEN DEVELOPED &

DEVELOPING NATION ABOUTFOREIGN ASSIGNMENT

FAILURE OF WTO CONFERENCES


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Working with people from

different cultures

Chapter 2


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CULTURES BECOMES VERY

IMPORTANT Culture is a pattern of behavior

related to values and beliefs that

were developed over a period oftime.

There are similarities,overlapping and sometimes

clear distinction betweenattributes of different cultures.

Not all cultures value the samething or in the same priority.

BECOMING AWARE ABOUT

OTHER CULTURES

Improving knowledgeabout your co-workerscultures improve the

work experience.


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CULTURES INFLUENCE WORKINGSTYLES

Cultural differences affect workplaceCultural differences affect workplace

behavior and practices in the followingbehavior and practices in the following

aspects:-aspects:-

Individualism and collectivism.Individualism and collectivism. Power distance.Power distance.

Uncertainty avoidance.Uncertainty avoidance. Quantity vs quality of life.Quantity vs quality of life.


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COMMUNICATION- THE KEY TOSUCCESS

Make an effort to learn about yourco-workers cultures.

Be neutral while communicating.

Be clear with your ideas and goalswhile interacting with employeesfrom other countries.

Listen. It solves most of the problem.


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HOW TO CREATE CONDUCIVEENVIRONMENT

Diverse workforce createsdiverse thoughts and ideas.

It helps in adapting to

fluctuating markets andcustomer demands.

Companies should encouragediverse workforce.

Companies should conductcultural awareness programsfor their employees.


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Anti capitalist backlash:A challenge of globalization.


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Why the backlash?

Traditional Globalization flowed from developed markets to emergingmarkets. Often dubbed, Americanization.

Americanization lead to Anti capitalism.

In the eye of the storm: foreign Multinationals.

Reasons for this backlash:1. Inherent conflict between government point of view and the companies.2. Criticisms on subjects of hiring and firing, transferring of technologies, moving funds,

deemed necessary by the company.

3. Footloose capability of the mncs to move production abroad to avoid giving in to laborunions in the low cost emerging markets.

The repercussions: Anti capitalist backlash.From the view point of the protesters globalizationthrough MNCs,is robbing the host country of itsrich resources for increasing its own countrysnational product.welfare of the host country not taken care of.


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Anti capitalist backlash, Where?

The anti-capitalism backlash has occurred

extensively in the emerging markets thatembraced free-market capitalism the most.

This disappointment has been most visible inLatin America, where countries such asArgentina and Venezuela have found thatthe economic opening has not solved theirlong-standing institutional weaknesses.

It is also clearly visible in Central Europe, ascommunists become more widely accepted aspolitical candidates, and especially as Russia

stagnates in the early twenty-first century.

Exceptions to this situation in emergingmarkets include Mexico, which hasadvanced dramatically in living standardssince joining the USA and Canada in NAFTA,and China, which remains under a nominallycommunist government, but which isaccepting more and more capitalist activity,with a resulting economic boom over the pastten years.


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Meeting the challenge:lets become the global leaders

A progressive country will capitalize onthe capabilities of its people, and notmerely prevent outside influences fromforcing growth in those capabilities.

A very popular idea doing rounds in thiscontext is anti protectionism: A concernover the drain of intellectual property,innovation and jobs, to foreign lands.

How Anti protectionism canbe put to use?

Antiprotectionism is an opposing force toanticapitalism.

Encouraging growth and expansion ofdomestic multinationals would set thisforce into play. Then people will be moreconcerned with keeping the jobs ofdomestic MNCs within the country, ratherthan concerning themselves with oustingthe foreign MNCs.

Current scenario gives a very interesting insightAnti capitalist cry hasbeen almost drownedunder the emerging Indian global leaders.


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Overseeing movement of jobsto countries with low cost

labour

Chapter 4


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Outsourcing

Outsourcing became part of thebusiness lexicon during the 1980s.

Outsourcing : Subcontracting aservice, such as product design ormanufacturing, to a third-partycompany.


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What can I outsource as amanager

InformationTechnologyReal estatemanagementTelemarketingMarket researchDesigningWeb development


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What are my Opportunitiesas a manager

Cost savingsImprove qualityCapacity management

Focus on Core BusinessAccess to talent


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What are my challengesas a manager

Quality RisksLanguage skillsExploits the lower paidworkers

Standpoint of labourStaff turnover

Quality Risk is thepropensity for a

product or service to be

defective, due to

operations-related

issues

In the area of callcenters end-user-

experience is deemed

to be of lower quality

when a service is

outsourced.

Some argue that the

outsourcing of jobs

(particularly off-shore)

exploits the lower paid

workers.

From the standpoint of

labor within countries

on the negative end ofoutsourcing this may

represent a new threat,

contributing to

rampant worker

insecurity, and

reflective of thegeneral process of

globalization

In outsourcing offshore

there is an issue of staff

turnover in the

outsourcer companies

call centers


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Managing people during warand terror

Chapter 5


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Provide an Information Channel and Curtail 24/7News Monitoring

Accept the fact performance and productivity will drop


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Be Authentic and Visible

Educate managers and supervisors

Keep communication open Help those in need first
http://www.nytimes.com/2007/09/16/us/politics/17giuliani.related.html?ref=politics


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Keep communication open

.

Help those in need first

Activate crisis plans

Restrict negative behavior


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Restrict negative behavior

Cultivate a calm, confident, and compassionateleadership style.


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Summing up


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Thank you

Responding to Global is at Ion

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