This website uses cookies to ensure you have the best experience. Learn more

Challenges Managers Face Essay

945 words - 4 pages

Over the last few decades, the process of globalization has created unprecedented opportunities for global business investment and trade. Many multinational companies are attempting to expand their business internationalConducting a business is not an easy task. There are abundant of matters that have to be taken account into while managing a business and challengers that managers encounter in the process. Let's look at 5 challengers that managers are constantly facing. First and foremost, culture is one of the biggest challengers managers are encountering. Different countries have different cultures for instance, in Mediterranean European countries, Latin America and Sub Saharan Africa, it is normal, or at least widely tolerated, to arrive half an hour late for a dinner invitation, whereas in Germany and Switzerland this would be extremely rude.Culture determines the habits, holidays, behaviours and consumer preferences of every society. Therefore, while executing business strategies in foreign countries, managers should consider and study all the cultural characteristics of the targeted society. For example, Upjohn Company of the United States and Pharmacia AB of Sweden (with operations in Italy) are two pharmaceutical firms which merged in 1995. However, most of the month of July Sweden takes off for their annual vacation and Italians took off for most of the month of August for their annual vacation. US executives scheduled meetings in the summer only to have to cancel many because their European counterparts were at the beach. . As the more dominant US firm began to impose its way of doing things on the newly acquired European organizations, international relationships became increasingly strained. Neither the Swedes nor the Italians were happy with impositions such as the drug and alcohol testing policy brought in by Upjohn, or the office smoking ban. These clashed with local ways of doing things and the more informal work environment that these cultures prefer. According to………. 33.1% companies face culture barriers.Just like culture, language is also a major problem that majority of managers run into. Various countries have various languages and even though English is the universal language, not everyone is familiar with it. According to a study, it is believed that 70% of the world's population does not speak English as their first or second language. According to a new report by the Economist Intelligence Unit - a business research unit of the Economist magazine - nearly half of the 572 senior executives interviewed admitted that misunderstandings and "messages lost in translation" have halted major international business deals for their companies. And 64 percent of them said poor communication skills have negatively affected their plans to expand internationally. An example of language as a barrier can be seen by Germany's Daimler-Benz AG and the American Chrysler Corporation, which merger in 1998. The different...

Find Another Essay On Challenges managers face

Management challenges Essay

1279 words - 5 pages Managers are faced with many issues or challenges in today's organizations as they carry out the management functions of planning, organizing, leading and controlling. Being a manager is an extremely tough. New managers and new mothers share the same new last name, superhero. Everyone expects so much, however so little is given in return. Mangers are given a list of duties, which they are responsible for fulfilling. The sad thing is that duties

final essay managing people at work - university of western sydney - report

1687 words - 7 pages its database for future plagiarism checking). Student’s signature: Helen Jajaw What challenges do managers face in managing employee engagement, and how might they respond to these challenges? Employee engagement is described as an individual’s commitment to work through physical, cognitive and emotional means that permits their contribution into accomplishing objectives within the workplace (Kahn 1990). High performance is achieved through

The work, roles and skills of a manager are the same throughout the world

1811 words - 7 pages the last several decades; increasingly, the operation of managers is facing diversity. They pursue their management under different economic conditions, procuring materials and components in global markets, and are confronted with challenges that new, foreign rivals produce. (Saloner, Shepard & Podolny, 2001) In brief, managers at different levels and under different situations may have different functions, roles and skills.Functions of

Competing on the Edge

2365 words - 10 pages the competing on the edge approach to strategy formulation are not efficiency or optimality in the usual sense, but rather being able to adapt to current changes and evolve over time. It enables the company to be resilient in the face of challenges and identify the perpetually changing sources competitive advantage. Ultimately, it means engaging in continual reinvention. During times of turbulence in the marketing arena, the effectiveness of

Globalization and Managerial Ethics

545 words - 2 pages With the increasing popularity of Globalization companies are finding significant cost savings by outsourcing certain functions and job roles to other countries. This presents a variety of new challenges for management. Managers must now decide how to organize and schedule team/departmental meetings with people living in vastly different time zones. Should employees in one or more countries have to be greatly inconvenienced in order to

Challenges Faced by Organizations Going International

1247 words - 5 pages culture and related differences in expectations, norms and behaviour of particular groups of managers, colleagues, customers or employees (Earley, 2006). Few examples will be quoted in this essay by author wherever needed for proper understanding of viewpoint. In starting author will give a brief overview on topic covered. This will later be supported with discussions on globalization and challenges international organizations face in its launch

The Future of Management

803 words - 3 pages The Future of ManagementIn today's business world, as in the past, and in the future, the role of management who can bring success to an organization and guide the organization to meet future challenges is essential. Management role will be more complex and very critical to the organization's success. Managers will have to become more knowledgeable workers and will be expected to do more than just manage. The middle or upper management will be

What are the main difficulties faced by multinational firms in developing their international managers? Suggest how management should respond

2056 words - 8 pages take care of 'Face' which plays a dominant role in guiding the work and management behaviour of Chinese people. Those traditions actually challenge the Western modern appraisal system and managers' fair judgement. Making employees lose 'Face' or ignore 'Guanxi' as social network may cause numerous problems, especially influence the organisational commitment. These particular features exist worldwide. People cannot expect that Japanese staff will

Diversity at Whirlpool

861 words - 4 pages program also has it challenges that must be control. What challenges do managers face in establishing a diverse workplace, and how might they respond to these challenges? As we can see from our past people of different race, age, gender, and ethnicity have fought for their rights and place in society. So when a business plans to develop diversity networks they must be careful and observant for there can be several challenges that may arise. Such

challenges faced by international management

887 words - 4 pages “interdependence of resource flows, product markets and business competition” (Schermerhorn et al., 2014, p. 89) on a global scale. The expansion of international corporations into uncharted competitive territories has brought managers of these MNCs to face a vast number of greater challenges than before, such as problems that arise from managing expatriates and repatriates, management across cultures, managing cultural diversity, the transference of

Challenges manages face

945 words - 4 pages degree of remote working brings with it new challenges. With staff having less face-time with their colleagues and line managers and working more independently, management and supervisory practices will often need a re-think to keep staff engaged and motivated, and to help maintain a cohesive team.

Similar Essays

What Are The Three Most Difficult Challenges That Face Leader Managers, And How Do Effective Leader Managers Meet Those Three Challenges?

3216 words - 13 pages Essay - What are the three most difficult challenges that face leader-managers, and how do effective leader-managers meet those three challenges?In the beginning there was the word: leader-managers. I will begin this essay by briefly differentiate between a leader and a manager. A manager has subordinates, meaning he has power over the people under him, while a leader has followers, people who are willing to follow and not obliged to. Huband

Managing Life Cycle Influences Essay

1285 words - 5 pages Life Cycle InfluencesIn my review of the literature related to management challenges in the life-cycle of an organization (start-up, growth, maturity and decline), I discovered that managers face numerous challenges. I found the simulation, "Managing Life Cycle Influences in an Organization" to be very insightful in presenting a realistic picture of these challenges.In the start-up phase, the organization is trying to establish itself in the market

Managers: Levels And Roles Essay

1889 words - 8 pages all information collected from lower managers. In each level of managers, they will face various challenges that affect on their daily working. Facing challenges are also main works of managers. The world is constant changing, today will be became history of tomorrow, therefore managers have to modify their management style that can suit the change of world. D’Arcy and Gustafsson (2012) assets that decreased productivity will lead to high demand

Management Essay

1395 words - 6 pages needs (Davidson et al. 2006). All the challenges that managers need to face to are mentioned and defined above, the analysis of the relevance of these challenges and economic results will be addressed in the next paragraph. All profit-orientated organisations are focus on strategies to measure the value they produced in financial terms. In that case, managers need to provide strategies and action plans to achieve organizational goals