In terms of globalization and blurring of boundaries between states, the launching of an international business could be considered an integral part of the modern world. To become successful and find new markets, a company should be able to function in various environments and be mindful of local trends and needs. It is a complex task, as the approaches used for company development will differ depending on the setting and existing market peculiarities. That is why the organization of a new international business should be preceded by a comprehensive analysis of the major concerns related to the chosen countries for a company to use the most efficient and appropriate strategy that could guarantee its evolution and stable incomes. In this regard, the comparison of various locations and methods that are explored there is crucial to improve comprehension of future tasks and promotes effective launch strategies.
We will write a custom Coursework on National Business Environment: Creating Collaborative Agencies specifically for you
807 certified writers online
The given case is devoted to the investigation of essential business peculiarities within Argentina, Hong Kong, and Israel. There is analysis of cultural peculiarities that might impact the evolution of a certain business and predetermine the choice of managerial strategies that should be explored to work with people. The given locations are used because of their demonstrativeness and great economic potential. It is widely accepted that these regions have good prospects and high rates of economic growth (Palmer & Hartley, 2011). For this reason, it is possible to assume that the launching of a business in a given region could be considered a good attempt to guarantee its further evolution and contribute to the appearance of numerous perspectives for the further rise.
While investigating these markets, it is crucial to gain insight into the most important components of their cultures. Hong Kong could be considered a representative of Asian culture. Its population is hard-working and disciplined. Employees often consider a company to be their second family and show great devotion when working (Linden, 2010). This unique feature should be cultivated as it helps a business to evolve. Additionally, Asian culture also implies strict hierarchy, which conditions relations within a collective. Argentinean people, on the contrary, suffer from a lack of working discipline, which can manifest itself as a disregard for instruction and authority (Linden, 2010). This cultural peculiarity comes from the complexity of relations within society and history of the state. For this reason, a certain approach that considers these aspects is needed. Finally, Israeli people also have their unique peculiarities. They show initiative and tend to seek innovative approaches to traditional tasks to increase the efficiency of the process and contribute to better results (Linden, 2010). All these peculiarities should be taken into account while running a business.
Besides, the above-mentioned divergence in mentalities and approaches to work conditions, it is apparent that there is a great need for various supervisory skills that should be used to monitor the functioning of the staff and attain success. Speaking about a department in Hong Kong, a supervisor should be able to demonstrate authority to create the hierarchical relations within the collective. This comes from the peculiarities of the Asian culture and contributes to the best final outcomes. A supervisor who works in Argentina should also possess great authority; however, there is also a great need for organization and planning skills as bearers of the Latin American culture often suffer from lack of responsibility. For this reason, a supervisor should be able to provide an appropriate pattern that will guarantee workers engagement in the process. Finally, in Israel innovation and efficient communication skills are needed to build productive cooperation with workers.
Nevertheless, all the above-mentioned considerations could obviously impact on the choice of management style. Analyzing these locations and peculiarities of culture, it is possible to conclude that the approach used in the USA could hardly be efficient under these conditions. There are several reasons for this statement. First, the divergence in the quality of life results in differences in the attitudes to work and working conditions. Employees who are not familiar with US management models might be confused and suffer from lack of motivation or excessive pressure, which is caused by the high level of expectations (Linden, 2010). For this reason, it is crucial to create a unique approach that will be able to take into consideration the most significant peculiarities of local cultures. Besides, the US management style could be used as the basis, as it has numerous advantages.
Therefore, facilitation of collaboration across the above-mentioned cultures and creation of efficient international corporations characterized by a great level of mutual understanding is another significant task. In this regard, multicultural environment and tolerance should be cultivated (Linden, 2010). Citizens of various cultures should be ready to work with each other to promote a company’s evolution. The most important aspects of unfamiliar cultures should be explained to them in order to establish efficient communication. Only if all members of an international company recognize the importance of a given approach and show respect to other mentalities, can success be achieved.
As stated above, the choice of given locations is explained by the peculiarities of their economic systems. At the moment, conditions are beneficial for market entry and to help obtain some extra revenues. Yet, Argentina has a free-market economic system that is characterized by the great involvement of authorities. Nevertheless, it still could provide benefits. As for Israel, it has a pure market economic system which demonstrates a great level of rivalry and a number of features peculiar to the majority of Western states. For this reason, entry to this market could be organized in accordance with the patterns used in the USA or some other countries. Finally, Hong Kong’s markets function in accordance with a bustling free market economy that does not provide many tariff or non-tariff barriers (Linden, 2010). The given patterns contribute to the start up of new companies as the economic environment is beneficial for new enterprises and encourages people to run businesses in the region.
In conclusion, launching a new international business is a complicated task that should be preceded by comprehensive analysis of the most important aspects of local cultures and economic systems. Referring to Argentina, Israel, and Hong Kong, these countries provide numerous opportunities for new organizations. There might be several barriers that result from the peculiarities of workers cultures and mentalities. However, these locations could still be recommended as a good choice for launching a new business because of the promising character of the economic environment and numerous opportunities provided by the local market. Nevertheless, it is crucial to create an approach that will consider all important concerns and contribute to better final results.
Linden, R. (2010). Leading across boundaries: creating collaborative agencies in a networked world. San Francisco, CA: Jossey-Bass
Palmer, A., & Hartley, B. (2011). The Business environment. New York: McGraw Hill Higher Education