Logistics Branding and Retail Management †MyAssignmenthelp.com

Question: Discuss about the Logistics Branding and Retail Management. Answer: Introduction The report helps in understanding the implications of the international management in the field of business and sector. International management is defined as the commercial transactions that take place between different countries. The transactions can take place between investments, private and government, logistics and transportation sectors as well. The main aim and purpose of the report is to understand the different kinds of challenges that are faced by the different global organizations in different parts of the world. The different techniques have to be analyzed as this will help in understanding the different challenges that are faced by International Human Resource Management. The structure of the report includes the different implications of the international management in different kinds of organizations. The different challenges that are faced by the organization has to be properly elaborated as this will include different other sections such as IHRM and other global operations as well. The international management is defined as the commercial dealings that take place among two or more countries that includes: Sales Investments Transportation Logistics The nature of the international management helps in understanding that it provides accurate information in a timely manner (Ambos and Hakanson 2014). The potential of the international management is more than the domestic market and this includes different global businesses as well (Chhokar, Brodbeck and House 2013). The proper exchange of goods and services is essential in nature as this will help in understanding the exchange of resources, goods and services, knowledge and skills among different businesses in different countries. The transactions are generally carried out in order to satisfy the objectives of the organization and individuals as well. Features of International Management Proper and large scale operations is performed by the international management in the different countries as this will help in providing proper integration of different economies It will help in providing benefits to the countries that are participating There will be a keen competition with the help of international management There will be international restrictions as well There will be proper adaptation to the requirements of the customers that include that the products as well as services must meet the different foreign market as this will help in making adjustments in the prices. Proper system of distribution has to be adopted through proper system of transportation, stores and suppliers The management of the different operations of the business for the organizations that conducts business in two or more countries is known as International Business. The international management requires different skills and knowledge that will be more than the normal expertise of business. There should be proper understanding about the operation of the business as well as understanding about the local laws and customs along with capability of the transactions of conduct that may involve different other currencies as well. From the different operations of management in the different BRIC countries, there has been deficit in shortage of mid/upper level managers. In Brazil, there has been deficit in the upper level management In Russia, there is deficit in the different levels of management (Budhwar and Debrah 2013) In India, there has been deficit in the middle level management In China, there has been deficit in all levels of management (Armstrong and Taylor 2014) Challenges in IHRM There are different kinds of challenges in the international human resource management that include: Enhancement in the global strategy of the business Different alignment in the issues related to HR with the strategy of business Leading as well as designing change (Deresky 2017) Proper building of global cultures that are corporate in nature Proper staffing of organizations with global leaders (Dinnie 2015) As the barriers in the trade go back and the different businesses in developed countries increasingly pursue the opportunities of the business along with efficiency and competitiveness in the international management that are the paramount skills at different companies (Ozbilgin, Groutsis and Harvey 2014). There are issues that are involved in the international management that span around the whole range of the concerning management, however there are special interest areas as well that includes: International finance as well as matters related to currency Understanding of cross cultural communication that includes implications of the international marketing as well (Fernie and Sparks 2014) Different accounting practices as well as legal foreign requirements Strategy that is global in nature International competition Proper maintenance of momentum in globalization Proper momentum in globalization is essential in nature in order to reduce the different barriers in the organizations that are faced by the employees and the employees as well (Brewster et al. 2016). It is essential in nature to check the availability of the staffs in the organization, reduce the constraints relating to cost and time and implementation of different policies of Human Resource Management as this will help in maintaining proper momentum in the organization (Meyer and Xin 2017). In the era of 1990s, the leading nations that are industrialized in nature started an era of cooperation wherein the main focus was on benefits of working together as this will help in improving the individual economies (Reiche, Mendenhall and Stahl 2016). There are different comparative advantages wherein it helped in understanding the ability of the nations to produce products that are better than the competitors. The United States benefitted extensively from the global economic activity that is expanded (Wilton 2016). Approaches of International Business Ethnocentric approach can be adopted by the country wherein the target market is the own country and the production that is excessive in nature will be due to change in the tastes and preferences of the customers. This is basically the nationals of parent country (Weber, Festing and Dowling 2013). Polycentric approach is used with the strategy that is multinational in nature. This kind of technique or approach is used by the nationals of host country (Bilezikian et al. 2014). Regiocentric approach is the kind of approach wherein the company is operating successfully in a foreign country and this is the country that thinks of exporting different neighboring countries of host country (Kothari, Mizik and Roychowdhury 2015). Geocentric approach is the kind of approach that is used by the country with proper understanding of the tastes and preferences of the customers and adopts marketing mix that is standardized in nature (Marchington et al. 2016). Global approach of staffing is other kind of approach that includes the nationals of third party. There are transpatriates and Inpatriates wherein the managers who are having proper global experience are the ones who are transferred to the headquarter of the organization in other country. Challenges faced by global businesses Uncertainty about the performance in future is one of the challenges that are faced by the organizations in the present scenario. It is difficult for the different global businesses to understand about the different trends in the market. There can be inadequate training, preparation and orientation of the different tasks that has to be performed. Monitoring the performance is another issue or challenge that is faced by the organizations in the present scenario as there are issues in maintaining proper performance of the employees along with the entire organization. Proper indicators of performance has to be used as this will help in implementation of proper decision-making Compliance and regulation is another challenge that is faced by the global businesses as the rules and regulations are not properly followed by the organizations and this can make the situation complex in nature as well. proper compliance with the tax laws of the different countries is essential in nature to follow the guideline but this is one of the big challenges faced by them. Exploding data is another challenge that is faced by the different organizations as there is no security of the data that is required by professionals in the organization. Proper managing of data is not possible as this can lead to losing of essential data in the organization Proper technology and communication is another challenge faced by different organizations in the competitive scenario globally. There can be hampering in the different kinds of information that are essential to be communicated to the different employees in the organization. Language and culture is other challenge that is faced by different organizations where there can be issues among the different employees in the organization that will be regarding the culture or cross cultural issues. For example: In China, red color is the symbol for luck, however there are other countries wherein red color is the symbol for warning, therefore there are issues that are related to language and culture and this will be different issues relating to culture and language in the entire organization. There are different categories of success that includes the following factors: Factors relating to job Situation of family Language skills State of motivation Relational dimensions Performance Management of Expatriates It helps in analyzing the selection that is based on the criteria of headquarters The inadequate training, orientation and preparation has to be properly enhanced with proper implementation of different technologies There is poor support from the headquarters There is inability in adopting to the local culture Hinders Integration Wherein proper concept of team is not being used Wherein there is issues related to the adjustment problems in the family relationships Limited assignment time Being autocratic in nature Facilitates Integration Wherein there is formation of working relationships that is close in nature Proper learning of local language Adoptability of culture Proper respect has to be provided Motivation to perform International Business Proactive is wherein it is required to increase the rate of profit, to achieve proper economies of scale and in order to take proper advantage of the life cycle of product Reactive is wherein there will be competition pressure from the different competitors, wherein there will be overproduction and excess capacity that declines the domestic sales and there will be saturation in the domestic market. It helps in achieving higher rate of profit It helps in expanding the capacity of production further than the demand of the home country There will be proper availability of managerial competence and technology The share of market has to be properly analyzed as this will help in understanding the requirement of IB There are political factors that can affect the international business High cost and foreign investments that are high in nature There is instability in exchange Different quotas as well as tariffs Bureaucracy and corruption Impact in the quality of technology No proper quality management There are different advantages of International Business that includes: Faster growth Access to the inputs that are cheaper in nature Increased efficiency and quality Opportunities for new market Proper diversification There is increase in the cost There is delay in the payments The organizational structure is complex in nature Foreign standards and regulations Different reasons for growth in IB There is proper expansion in the technology The business is becoming more global in nature as The transportation is becoming quick The costs of communication and transportation is more The communication enable proper control There is liberalization of the movement of cross border There are governmental barriers that are lower in nature in order for the movement of the services, goods along with different resources that enable the different companies in order to take proper advantage of the international opportunities Conclusion Therefore, it can be concluded that international management is essential in nature for the different global businesses as there is scope of foreign exchange and this will help in increasing the effectiveness in the leadership styles. The global mindset of the leaders who are successful in nature includes proper flexibility and open mindedness as this will help in increasing the effectiveness in the works that are performed by the employees in the organizations. The team player is the global matrix that will help in operating easily in different cross cultural and functional environment as well. References Ambos, B. and Hkanson, L., 2014. The concept of distance in international management research.Journal of International Management,20(1), pp.1-7. Armstrong, M. and Taylor, S., 2014.Armstrong's handbook of human resource management practice. Kogan Page Publishers. Bilezikian, J.P., Brandi, M.L., Eastell, R., Silverberg, S.J., Udelsman, R., Marcocci, C. and Potts Jr, J.T., 2014. Guidelines for the management of asymptomatic primary hyperparathyroidism: summary statement from the Fourth International Workshop.The Journal of Clinical Endocrinology Metabolism,99(10), pp.3561-3569. 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