Thursday, November 21, 2019
Business Models and Planning Chapter Questions Assignment - 2
Business Models and Planning Chapter Questions - Assignment Example The researcher states that international ventures are defined as project prospective transformed to processes with investment coupled with adequate risk. International ventures undergo different situations in the business world. First, Human resource management has been a big issue that must be solved to boost economic situations in the world. Human resource activities comprise of everyday practices of managing people and formulating policies in given organizations. The human resource offers the platform to indicate how workers will be managed. Majority of organizations are getting into fresh global markets so as to develop and sustain competitive advantages in the competitive environment. According to Hoque, human resource creates a tussle between the employer and employees when issues such as salaries rise. To accomplish international expansions, many organizations have resorted to using different market strategies. Another important event is co-operation. Studies indicate that glo balization has created an effect for organizations to collaborate thus seeking new opportunities to work together instead of identifying situations to achieving majority control. Whereas control plays a pivotal role in international ventures, co-operation is crucial in enhancing chances of success in international business ventures. Attempted control of the business and pursued efforts of co-operation requires trust from various patterns. Trust is crucial in management efficiencies. Manipulation also affects international business ventures. It is very clear that new ventures could manipulate the environment through ganging up with well-established companies. Manipulation implies creating changes in an environment in order to attain uniformity between venture and the environment. The act of manipulation could be regarded as an opportunistic and purposeful attempt to influence, co-opt and control both evaluations and institutional pressures.
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