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Global Strategic Planing in International Business - Coggle Diagram
Global Strategic Planing in International Business
Branches:
Challenges
Cultural diversity
Language barriers
Legal and regulatory differences
Political and economic instability
Qualities of a multicultural strategic planner:
Cultural sensitivity
Communication skills
Adaptability
Open-mindedness
Problem-solving skills
Examples of contrasting values of American, Japanese, and Arab cultures:
Individualism versus collectivism:
Americans value individualism and independence, while Japanese and Arab cultures place more value on belonging to a group.
Short-term versus long-term orientation:
Americans are future-oriented and value quick results, while Japanese and Arab cultures are more long-term-oriented and value quality and relationships over immediate gain.
Directness versus indirectness:
Americans value directness and openness when dealing with others, while Japanese and Arab cultures prefer a more indirect and harmonious style.
Additional notes:
Cultural diversity:
It is important to be aware of the different cultural values, beliefs, and practices that can impact the way that business is conducted in different countries.
Language barriers:
Communicating effectively with people from different cultures can be challenging, especially if there is a language barrier. It is important to be patient and understanding, and to use interpreters and other resources if necessary.
Legal and regulatory differences:
Businesses must comply with the different laws and regulations of the countries in which they operate. It is important to research the legal and regulatory environment before entering a new market.
Political and economic instability:
Some countries are more politically and economically stable than others. It is important to assess the risks of doing business in a country before making an investment.
Qualities of a multicultural strategic planner:
A multicultural strategic planner should be able to understand and appreciate different cultures, communicate effectively with people from different cultures, adapt to different cultural environments, be open to new ideas and perspectives, and solve problems effectively, taking into account the cultural context.
Examples of contrasting values of American, Japanese, and Arab cultures:
Individualism versus collectivism:
Americans value individualism and independence, while Japanese and Arab cultures place more value on belonging to a group. This can impact the way that decisions are made, problems are solved, and relationships are built.
Short-term versus long-term orientation:
Americans are future-oriented and value quick results, while Japanese and Arab cultures are more long-term-oriented and value quality and relationships over immediate gain. This can impact the way that businesses are managed and the way that negotiations are conducted.
Directness versus indirectness:
Americans value directness and openness when dealing with others, while Japanese and Arab cultures prefer a more indirect and harmonious style. This can impact the way that communication is conducted and the way that disagreements are resolved.
Technology is playing an increasingly important role in global strategic planning. It can help businesses to:
Understand different markets and cultures:
Businesses can use technology to gather data on different markets and cultures, which can help them to better understand the needs and wants of their customers.
Communicate with people from different cultures:
Technology can help businesses to communicate with people from different cultures, both verbally and in writing. This can be done through video conferencing, email, and social media.
Collaborate with people from different cultures:
Technology can help businesses to collaborate with people from different cultures on projects and initiatives. This can be done through cloud-based collaboration tools and other online resources.
Here are some specific examples of how technology can be used for global strategic planning:
Market research: Businesses can use online surveys and social media to gather data on different markets and cultures. They can also use search engine optimization (SEO) to make their website more visible to potential customers in different countries.
Communication: Businesses can use video conferencing to hold meetings with employees and customers from different countries. They can also use email and social media to communicate with people from different cultures.
Collaboration: Businesses can use cloud-based collaboration tools, such as Google Workspace and Microsoft 365, to collaborate with people from different countries on projects and initiatives.