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Knowledge of Culture and Politics as Critical Success Factors

In: Business and Management

Submitted By Dzul1968
Words 3533
Pages 15
Knowledge of Cultures and Politics as Critical Success Factors in Enhancing Managers Success in Managing International Business

Dzulfakar Bin Abdullah
(Student no: 20131241445)
UiTM
Programme Code : BM 995
(Doctor of Philosophy in Business Management)
Course Code : MGT 950
(Global Strategic Sustainable Management)
Assignment 3: Theoretical Paper
Lecturer : AP Dr Roshidi Hassan

ABSTRACT

Business life in the new millennium is becoming increasingly global. The concepts of globalization apply to both large multi-national corporations as well as to local organizations. Knowledge of local culture and politics has become critical success factors (CFSs) for multi-national corporations in their effort for global expansion. Thus in enhancing the success of managing international business (IB) managers must have knowledge of local cultures and political situations. Research on the impact of local culture and political stability on successful management of international business has become of interest only recently due to globalization process. The paper reviews several literatures that try to prove that knowledge of culture and political situation as CFSs for the success of managing international business.

Keywords: Critical Success Factors (CFSs), Knowledge, Culture, Politics, International Business, Success.

Knowledge of Cultures and Politics as Critical Success Factors in Enhancing Managers Success in Managing International Business

Introduction Globalization and international market development are phenomenon that allows industries to expand their market share. Thus, the expansion of industries into international market requires the cooperation of geographically and culturally diverse team to ensure success. Leaders in the international project arena today are more aware of the challenges and more excited by the opportunities to work…...

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