(Number of words, 1500)Executive summary The collaboration between two or more countries is one of the current trends in business and trade. This is credited to the inception of global trade that encourages the investment in different parts of the globe. Australia and South Africa are located in two different locations of the world. Despite the distance between the two countries, they managed to form a relationship based on their constant migration. The good relationship between the two countries has created the premise for the collaboration and investment in both economies.
This however, has experienced a number of challenges owing to the difference in culture, ideologies and policies in both countries. In order to reduce the challenges experienced after sending employees to work as expatriates, both countries should invest in training so as to adapt to the different working environments (Bacheland, 2005). The case of the Monash Company displays the disadvantages that arise from the lack of the integration of both social economic cultures. This is credited to the adaptation of failed strategies that did not complement the policies and laws set forth by the hosting government.
To overturn the situation of the Monash Company, the management needs to invest in local and qualified talent so as to meet the demands of both countries. This can be done though improvement of the human resource department which is responsible for overseeing this issue. The company should select a strategy that caters for the growth of both countries in regard to the performance of the business. Setting up joint ventures is one of the effects of entering into an open market.
Australia’s venture into the South African market is ideal for the future viability of the country’s economy. International trade and investment continues to take centre stage due to the advantages that are received in the end. It is thus inevitable to rule out joint venture as a future form of investment (Snedden, 2007). Table of contents Executive summary 2What would assist South Africans and Australian managers before sending them on overseas assignments? 4 What strategy in managing the process of internationalization did Monash South Africa adopt in establishing a campus in South Africa?
5What strategy should be selected given that it had lost so much on this venture? What possible actions could you recommend to correct this situation? 5Why would it be better to set up joint ventures in with partners in countries like south Africa and China rather than stand alone operations? 71). What would assist South Africans and Australian managers before sending them on overseas assignments? The relationship between the two countries is highly recognizable owing to their existing pasts. A majority of South Africans are familiar with Australia due to their migration to the country during the protests.
Australians on the other hand exploited the African country on several occasions making investment in the country unavoidable (Murphy, 2006). Despite the strong relationship that has been formed as a result of their collaboration, both countries face an enormous amount of issues when they take on positions as expatriates. One of the solutions that would assist both South African and Australian managers before sending them oversees is extensive training in human resource management. Managing the functions of a workplace entails the implementation of the same managerial ideologies across the globe (Cohen, 2009).
Despite this notion, different countries have different ideas and policies owing the cultural influence practiced over the years. Australians should be trained on how to approach the issue on race which is sensitive to the South African citizens. This will create awareness of the situation at hand thus reducing the lack of communication in the workplace (Masters, 2002). South African employees are used to a more assertive form of leadership. Australian managers should ensure that they take this into consideration so that they can blend in the country when conducting a variety of business transactions.
South African on the other hand still stay true to their African roots when managing Australian companies. Such managers should learn how to involve the entire company during decision making and policy implementation. The study of different cultures is ideal for the proper understanding of the business environment. Both countries will be better suited if they become more open to different forms of management and leadership.