Business Studies

Business Studies may be defined as a combination of inter-related business subjects which lead to learning of basic knowledge and skills. It is a course in education that is designed to cover the basic elementary knowledge and skills in organizing business enterprises as well as general office administration.

Multinational Enterprise

Multinational Enterprise

 

The world is becoming much “smaller,” referring to the effects of globalization. Today, nearly 60% of world GDP is related to an import or an export, thus more organizations are moving towards multinational enterprises. With that in mind, answer the following:

Requirements:

  • Your written paper should be three to four pages in length, not counting the required title and reference pages.
  • Cite at least two sources for this assignment, outside of the textbook. These should be scholarly or peer-reviewed resources.
  • Your paper must be formatted according to APA Requirements.

Grammar and punctuation are KEY!

Notes:

More and more domestic corporations want to take advantage of increased markets through globalization. Once the decision is made, firms quickly find that one of the biggest challenges they face is how to balance the opposing forces of foreign operations and those of the parent company in the home country. They also come to realize that autonomy and local control may sometimes oppose cultural interests.

Multinational Enterprises (MNEs) must balance financial objectives with localization. Some experts feel additional layers of organization and more complicated systems can indeed slow down communication and the local firms’ ability to deal with cultural issues.

There is no one-size-fits-all in international structuring of corporations. Many MNEs realize that managers throughout the company must be trained to work with multidimensional structures.

In order for management to be successful it must conduct international business by positioning networks, global teams, and global learning organizations. It does so while maintaining complex organizational structures. The result of the design is the formalized arrangement of organizational components such as the headquarters, subsidiaries, business units/divisions within the headquarters and subsidiaries, product lines, jobs, positions, tasks, and reporting relationships in an organization.

The structure necessary to conduct international business is more complex than a purely domestic firm. This results from the process of internationalization. This is based primarily on four factors. Click on each bar to review these factors.

The sustainable competitive advantage a firm has is its ability to learn and innovate faster than its competitors and react more quickly to continual volatility and change. Creating a culture of learning and nurturing is vital, as is facilitating that learning across borders by its employees around the world and its abilities to share, and use that knowledge on a global basis. The organizational culture of the MNE and HR and IHRM need to create and structure policies and practices that encourage and facilitate such attitudes and behaviors. The importance of learning and the need to share and use information on a global basis will take advantage of the global experiences and multinational learning of a global firm’s workforce.

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Signature Assignment: Crisis Management Plan

Signature Assignment: Crisis Management Plan

About Your Signature Assignment

Signature/Benchmark Assignments are designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. Signature/Benchmark Assignments are graded with a grading guide or an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for course/program improvements.

Resource: Blossoms Up! Case Study

Most organizations face a disruption in their business continuity based on an “event” that creates a change in life cycle.

Coming into your new role, you recognize that a Crisis Management Plan has never been created for the company, Blossoms Up! In your last company, it experienced a business continuity disruption that had a severe impact on its financial standing, but an effective business continuity and crisis management plan significantly helped to respond quickly to the major issue and in an organized manner. This is one more area in which you can prove HR to be an important strategic partner.

For this assignment, you will focus on one of three main events that could happen to Blossoms Up!

  • Unexpected death of the CEO, Seth Smith
  • Negative media publicity–For example, a news story breaks out about a $500,000 sexual harassment claim filed against a high-ranking director
  • Strike–Upon possible unionization and a collective bargaining impasse, a strike occurs disrupting the company’s ability to harvest their products

You assess the three events that could cause Blossoms Up! to undergo business continuity disruption rising to a crisis state and decide to get to work on the one you think is most pressing and should be implemented now.

Research the Internet and University Library for information on crisis management plans and various templates.

Design a 1,050- to 1,400-word Crisis Management Plan to respond to the potential event determined to be the most pressing.

Include the following:

  • Evaluate which departments and people need to be a part of the crisis management team. Consider:
  • Prepare a policy statement that includes the legal and ethical standards for responding to the event. Avoid “no comment” or have your company appear uncooperative or secretive during a crisis situation.
  • Prepare clear, consistent, and tailored responses for all stakeholders and the media that includes the following:
    • State the scope of the crisis – local, regional, national or international.
    • Articulate policies and procedures affecting the crisis event.
    • Launch a cohesive and united response in support of the organization – one spokesperson, one person recognized and authorized to disseminate statements to the media, etc.
  • Evaluate human resource management solutions that will be implemented to address the organizational crisis.
  • Create answers to anticipated questions from the media.
  • Include a section for post-crisis review with an assessment tool to evaluate the crisis management plan response. List any follow-up communication or activities that may be needed to ensure that the current crisis has been appropriately addressed and that the potential for future crises in this area is reduced.

Write the plan in the third person voice.

Use headings to appropriately signal the topics and keep your document organized.

Include a minimum of two in-text citation sources and a Reference page based on APA formatting guidelines.

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