How Big Global Businesses Compare, management homework help

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Business Finance

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Assignment 1: How Big Global Businesses Compare  
Due Week 4 and worth 200 points

Select one (1) global industry, such as the automobile or cell phone industry. Next, use the Internet to research three (3) major international competitors within the chosen industry. Take note of manner in which the popular international business press (e.g., newspapers, magazines, e-zines, press releases, etc.) depicts the selected companies.

Write a four to five (4-5) page paper in which you:

  1. Compare and contrast the three (3) models of culture. Next, select one (1) of the researched international competitors, and ascertain the model of culture that is most appropriate for the selected international competitor. Provide a rationale for your response.
  2. Recommend the type of economic system that best relates to each of the researched international competitors. Predict three (3) potential effects of such an economic system on the societies in which the system is involved. Provide a rationale for your response.
  3. Speculate on the major reasons why certain countries have lagged behind other countries in economic development. Recommend three (3) generic actions that the three (3) researched major competitors could take in order to encourage economic progress within these countries. Provide a rationale for your response.
  4. Imagine that you have been given the opportunity to lead one (1) of the three (3) researched international competitors. Select one (1) company in which you are interested in leading, and provide a rationale for your choice. Propose the necessary major steps—including education, social development, community activities, bargaining skills, language skills, conflict management skills, etc.—that you would need to take in order to propel you from where you are today to a global leadership / management position at your chosen company.
  5. Suggest two (2) global changes in expansion, technology, marketing, products, services, human resources, and customer service, etc., that you would make as CEO of the selected international organization from Question 4. Provide a rationale for your response.
  6. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other similar websites do not qualify as academic resources.


Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.


The specific course learning outcomes associated with this assignment are:

  • Examine the management concepts in a global business including culture, ethics, and social responsibility.
  • Examine the complexity of understanding new cultures and its impact to multinational management.
  • Evaluate strategic management and participation strategies in a global business.
  • Use technology and information resources to research issues in global management.
  • Write clearly and concisely about global management using proper writing mechanics.

Click here to view the grading rubric for this assignment.


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Explanation & Answer

Running Head: Big Global Businesses

1

Title Page

Assignment Title:
Student’s name:
Professor’s name:
Course title:
Date:

Big Global Businesses

2

In the automobile world, Toyota is one of the giant companies in the manufacture and
assembly of vehicles, ranging from saloon cars to crossovers and SUVs. Obviously, their
enviable success from way back in 1937 has not come by fluke. Toyota’s operations have been
based on a deep-rooted organizational culture that helps create a good environment to enhance
global success in business.
Toyota’s culture is defined around several features and models, including continuous
improvement. This model of culture facilitates its growth and development of Toyota as they
seek to learn through information gained by their workers and from the general market to
formulate policies for better outcomes. Through learning, Toyota’s model of culture views
learning as the best way of providing solutions to existing problems. This model has been one of
the ingredients of Toyota’s success and improvements over the years.
Another model employed by Toyota is quality. This is probably the driving model at
Toyota. It is also the culture that has granted Toyota a major share in the automobile market by
satisfying their customers with their quality production of automobiles. Through their principles,
Toyota believes that they can stop fixing problems related to automobiles by offering the right
quality vehicles in the first place.
Toyota also believes in the culture of teamwork. Through teamwork, Toyota enhances the
capabilities of its workers and thus yielding more success. The involvement of workers in teams
is the ...


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