The paper "Work of the International Manager" is an outstanding example of management coursework. In a progressively growing world, both exchange and investment courses are curving up a new card of associations between economic actors and their geographical locations (Amann, Jaussaud and Martinez, 2010). The idea of internationalization accentuates convergence sustained by various evolutions, particularly in areas such as telecommunication, Internet as well as transport. Currently, a shapeless de-compartmentalization call for actors who are not usually ready for this new situation (Amann, Jaussaud and Martinez, 2010). Therefore, obstacles to exchange both products and services, information and investment, etc.
have been significantly reduced over the past decade although not in every geographical location which call for international managers to deal with these obstacles. Therefore, international managers are confronted with strong and continuous challenges that necessitate both pieces of training as well as a proper understanding of a foreign environment (Dunning and Lundan, 2008). Taking care of a business in an oversea nation necessitates managers to cope with a wide range of cultural and environmental differences. Therefore, as a result, international managers ought to constantly observe the political, legal, sociocultural, economic as well as technological environment an international environment (Dunning and Lundan, 2008).
The contention of this essay is to describe and evaluate the challenges and opportunities international managers face in this global environment citing relevant practical examples. It will also provide ways in how conflict generating and solutions can be handled. Lemaire (2000) describes the international environment as an environment in various independent nations which has factors that are exogenic to the home environment of the institution that decides on how best to use both resources and capabilities.
These include political, legal, sociocultural, economic as well as the technological environment (Lemaire, 2000). A political environment within a nation affects the legislation and the rules of the government where an international firm functions. All nations worldwide abide to its own system of law and thus the international firm operating under it has to follow (Lemaire, 2000). In addition, a technological environment constitutes components associated with materials and machines utilized in producing goods and services. The decisions made within the firm are influenced by the willingness of the firm to implement new technology (Lemaire, 2000). Economic environment applies a huge hit, especially on firms functioning in a global business environment.
Therefore, economic factors relate directly to aspects that add to a nation’ s attractiveness for international business such as inflations, interest rates, exchange rates and purchasing power parity (Lemaire, 2000). Furthermore, the sociocultural environment relates to diversity as well as the cultural differences of an organization. Therefore, companies that enter into a global marketplace has to ensure that their employees learn the proper cultural practices and taboo of the foreign nation (Lemaire, 2000).
Finally, an international environment considers a legal aspect which necessitates that any international company that is willing to conduct the business transaction within a foreign nation has to abide by the laws and regulations of the country (Lemaire, 2000). Therefore, in this international environment, an international manager ought to have a clear understanding in order to effectively conduct business within a foreign nation. International managers deal with building effective strategies structuring proper organizational designs and taking care of individuals in a cross-cultural environment (Hughes, 2015).
Therefore, these managers ought to handle bureaucratic, linguistic, technical, economic, political as well as cultural differences and in doing this, they face numerous challenges. First and foremost, international managers face a language barrier which is the most important of all. Linguistic differences influence communication with his employees, business partners and also customers (Hughes, 2015). This language barrier comes as a major challenge since an international manager is therefore obliged to learn the language in order to build their strategies in that language ensuring smooth operations (Hughes, 2015).