Global Operations Management - 1015 Words

Global Operations Management Abstract The world offers significant business opportunities for every company, however, opportunities are accompanied by significant challenges for managers. Managing global operations across diverse cultures and markets represents a big challenge and opportunity for companies. To compete in the global market and be successful, companies must learn the strategies, policies, norms and technology necessary to conduct international business. The opportunities for global expansion are numerous, and attaining success is a matter of developing the right strategy to win local markets and its consumers. Global Operations Management In today’s global economy many†¦show more content†¦Each country has its unique ways of communicate, act, think, or behave and managers should need to identify and recognized these differences to bridge the gaps between cultures for real communication to take place (Global Strategic Management, 1999). The language barrier is one of the biggest obstacles PPQ Parts manager will have to face when doing business in international markets. Language is one of the contexts in which the company should do adequate research before entering a foreign market, especially when the foreign language is a different one. Keeping an open mind and sensitivity to these differences can lead to better channels of communication and understanding for both parties. Cultural issues are present in all aspects of global activities, including selling to foreign customers, buying materials overseas, working with vendors, and setting up operations. Other issue th at the company may face is complying with foreign government regulations and labor requirements. A company looking to set up manufacturing facilities in a foreign country may also face difficulties in making an effective transfer of core technologies, poorly trained local workers, financial restrictions, and a lack of inputs and supplies that meet the necessary quality standards. It is necessary that PPQ Parts managers identify and learn these regulations if they don’t want the company to get involved in anyShow MoreRelatedGlobal Operations And Supply Chain Management858 Words   |  4 PagesGlobal Operations and Supply Chain Management Competitive Alternatives Survey A company involved in manufacturing medical devices decides to begin sourcing components internationally. As for now, it operates in the United States and Germany only. So, senior management should assess the relative manufacturing costs worldwide to choose where to source. This decision will be made based on manufacturing costs. 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