Management in the Globalized World

Jun 20th, 2016
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Management in the Globalized World

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1Running head: GLOBALIZED WORLDMANAGEMENT IN GLOBALISED WORLDAuthor:Class:Professor:Institution:City and State:Date: Tuesday, May 13, 2014GLOBALIZED WORLD2Management in Globalized World: Case of Rome, ItalyIntroductionThe increase in the economic globalization has spurred an expansion of the multinationalcorporations. This has also influenced greatly the number of people moving across the world.These people move to serve as human capital. The multinational corporations rely on getting intocontact with the right human capital in order to be able to manage and maintain their globalcompetitive presence (Dowling & Welch, 2005). The relocation of a manager from one countryto an overseas firm is a very common occurrence in the global business market. Today,organizations are attempting to initiate business deals with foreign firms to expand theirhorizons, as well as have a different touch to the way things are done at the firms. These attemptsare in the light of the cross cultural challenges that occur when the different managers and CEOsagree to an offer to serve as expatriates. These expatriate affairs are, however, not alwayssuccessful. DaVinci Apps realizes the reality of these challenges.Expatriate failure rate ranges from 16% to around 40% (Tung, 1981, Black, 1988;Employee Benefit Plan Review, 2001). Though Dowling & Welch (2005) indicated that therewas a decline in expatriate failure and were supported by Osman-Gani and Rockstuhl (2009),t

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