Preview

Dti in Russia

Good Essays
Open Document
Open Document
2471 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Dti in Russia
GTI In Russia
1. What do you believe are the three key lessons he has learned and what remaining questions do you anticipate that he will include in the report?
− Three key lessons o Lesson 1~Granum learned about the instability and uncertainty in regulations and laws. That Russia differed a great deal from the United States when it came to the loosely defined property rights in Russia. This lead to the lack of knowledge on business ethics, individual job descriptions and responsibilities. Granum also learned that many companies were concerned about widespread request for bribes and payoffs. But to his knowledge he was also informed at the same time the different professional associations that Granum could contact. Granum also learned, from the Deputy Minister, the strategic vision of the preferred employment and labor system for Russia. Which was closely linked to the improved legal infrastructure. o Lesson 2~Granum learned from the analyses of the GLOBE indicators and rankings for Russia that there where some cross-cultural differences that could create serious obstacles for developing an organizational culture for the Russian subsidiary. That most Russian managers’ willingness to launch large-scale projects, decisiveness, and ability to make decisions and assume responsibility, ability to react quickly and operate in an unstable environment were conveyed through the comparison of the Russian and American Globe profiles. But with the recent changes, Granum feels that these are examples of positive corporate cultures. o Lesson 3~Granum learned that he needed to place a strong emphasis not only on selection but also on the training system. He found that this approach had paid off for other companies. So in order for him to be successful in Russia, it became obvious that GTI had to hire, train and motivate that right mix of local and international people. From a survey of multinationals in Russia, Granum realized that the staff turnover ratio for Russia was

You May Also Find These Documents Helpful

  • Satisfactory Essays

    1. What is your opinion of the contribution of Olsen’s representative experiences to his development as a leader?…

    • 805 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Au Revoir Mrs.Williamson

    • 845 Words
    • 4 Pages

    1) What are the key problems you have identified in this case (List and briefly explain).…

    • 845 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Study Guide

    • 1776 Words
    • 10 Pages

    2. According to experts, managers of foreign companies planning to set up business in Russia should…

    • 1776 Words
    • 10 Pages
    Satisfactory Essays
  • Best Essays

    The purpose of this study is to research the business practices of a modern firm to better understand internal and external strengths and weaknesses managers face in today’s global business culture.…

    • 3563 Words
    • 10 Pages
    Best Essays
  • Best Essays

    Large multinational corporations have a unique challenge in terms of creating a positive and strong organizational culture. Since the actual culture of the macroenvironment tends to play a factor on the personality of the company itself, it becomes increasingly difficult to have one central corporate culture as not all employees are the same. A perfect analogy to this would be a cohesive and successful work team. Their effectiveness and synergistic effects are based on the fact that they are small enough to have a personal connection and are able to figure out how to use each person’s skills in a complimentary manner. The larger the team becomes, the less cohesive they are…

    • 3262 Words
    • 14 Pages
    Best Essays
  • Good Essays

    In this paper I am going to discuss the case of Ms. Myers and her failed venture in managing a company in a foreign country. I am going to discuss the five dimensions of a culture and then compare them to Ms. Myers case. Finally, I will give my recommendations of what she should have done to become successful.…

    • 1736 Words
    • 7 Pages
    Good Essays
  • Good Essays

    References: Luthans, F, and Doh, J. P. (2012). International management: Culture, strategy, and behavior (8th ed.). Boston: McGraw-Hill Irwin. ISBN 978-0-078-11257-7…

    • 750 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Because of globalization, businesses are open to do business in new markets and improving profits. Also because of globalization, companies are faced with different cultures, religion and norms. For a company to do business in another country, a manager needs to understand the differences associated with the host country. "Globalization is defined as this interdependency of transportation, distribution, communication, and economic networks across international borders" (Gibson, Ivancevich, Donnelly, & Konopaske, 2012, p 57). Each firm has their own organizational culture. According to Hellriegel, Slocum and Woodman (2001), organizational culture represents a complex pattern of beliefs, expectations, values and behaviors shared by organizational members. The knowledge of the culture in which an employee is working is crucial. "In a dynamic and fast changing environment the inter and intra organizational behavior changes the productivity and growth trends" (Chaturvedi, 2002).…

    • 1024 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Serious Case Review

    • 1007 Words
    • 5 Pages

    • identify clearly what those lessons are both within and between agencies, how and within what timescales they will be acted on, and what is expected to change as a result…

    • 1007 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Dicksucker

    • 5039 Words
    • 21 Pages

    management. Twenty or even 10 years ago, the existence of a relationship between management and national cultures was far from obvious to many, and it…

    • 5039 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    Managers, who readily accept that the cuisine, the literature, the music and the art of other countries run parallel to one another, must also learn to accept the art of management differs in other countries. The objective of this paper, principally, is to explain that culture is a powerful factor to be taken into account. Through culture companies can get comparative advantages and disadvantages if they do not want to see or anticipate the impact of culture in the organization. The following pages show how culture play an important role in the effectiveness of nations, companies, functions, and managers faced with…

    • 850 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Int mgt 4073

    • 918 Words
    • 4 Pages

    The Key and Importance of Culture; Nature of Culture and Effects on International Management Leadership; Research Studies of Cultural Dimensions; and Culture Management Leadership: The Globe Project…

    • 918 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    Luthans, F., & Doh, J. (2012). International management: Culture, strategy, and behavior. (8th ed.). New York: McGraw-Hill/Irwin.…

    • 1676 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Causes and specific features of financial crisis in Russia at the end of 20th century.…

    • 1727 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    3. How does culture impact market choices, structural decisions, and likelihood of success for an internationalizing firm? What are the implications for human resources?…

    • 135 Words
    • 1 Page
    Satisfactory Essays