Week 2 – Assignment 1: Model Management Strategies in a Cultural Context Assignm

Week 2 – Assignment 1: Model Management Strategies in a Cultural Context
Task: Submit to complete this assignment
Due Jan 8, 2023 11:59 PM
The terms “international,” “multinational,” and “global business” are often used interchangeably; however, there are differences among these terms. Multinational Corporations (MNC) have facilities and assets in at least one country other than their home countries. They adjust their products (i.e., goods, services, and ideas) to each of the local markets. Global companies are located in a number of countries where they promote and distribute the exact image/brand in all markets. Still, managing in either form of international business requires an understanding of the political, cultural, economic, and regulatory environment of the countries where they operate. Also, it is important to gain an understanding of how people are different in each culture. The cultural dimensions of humane orientation, individualism/collectivism, and others are key to understanding the people part of your work as a leader and a manager.
After reviewing the learning materials for this week, select three countries from three different parts of the globe (e.g., North American, Pacific Rim or Colony, Europe). Prepare a report that includes the following:
Briefly introduce the importance of understanding cultural dimensions in global leadership.
Compare and contrast the three countries on the basis of cultural dimension. Discuss challenges and considerations given to accommodate operating and producing goods and services during a global health crisis.
Explain how you would manage a typical work situation (choose a work scenario that you are familiar with that might include training, general supervision, etc.) with regard to each of the three cultural dimensions within the countries identified earlier.
Use what you learned from the Week 1 self-assessment to discuss how your particular leadership strengths and limitations would either help or hinder your approach to managing the situation described earlier.
Length: 5 to 7-page report, excluding title and reference pages
References: Include a minimum of 5 scholarly resources.