International management
This assignment is worth 45% of the total marks for this subject. This assessment task relates to all 6 Learning Objectives for the subject.
You are to develop a report for managing the international business of the company, Rio Tinto to operate within Russia . Your will now need to consider the following:
• Introduction about the report scope and show a link to theory to be covered. Also, background to the company, Rio Tinto, and the attractiveness of Russia for them to expand their operations within, and any implications and key macro issues they will need to consider.
• Outline the international strategy for the company, and recommend the most appropriate corporate and business level strategy.
• Application of Porter’s theory of national competitive advantage. • Market analysis and entry mode strategy with justifications why this should be considered.
• Proposal of international organisation structure (design) for the company with justifications how this addresses the macro environment issues.
• Develop appropriate international HR management strategies. Also, discuss implications of HR issues facing international managers [Nb. also will need to consider required technology environment strategy to keep everyone in the loop].
• Methods of approach and strategies for cross-cultural communications and managerial philosophies required to motivate and lead cross-cultural teams. • International marketing strategies (considerations) and justification. • Recommendations for potential benefits, risks and changes to Rio Tinto to operate in Russia. Also, recommendations take into account the strategies for the company to consider the various options available.
Your assessment report should be in a report style format (i.e. a format that would be expected in an authentic workplace situation) and should also include the structure outlined in the "Presentation" section for this assessment.
Note: You need to ensure that you refer to the theory covered in the subject Modules within your report and use additional relevant literature/information sources. This should not be a general descriptive report, instead it must be a report that explains the relevant theory relating to international management and shows application of theory in the way you evaluate and discuss issues, implications, approaches, and develop strategies and recommendations based on the international environment for the company chosen. Also, when providing data/ reported facts when performing analysis on market or economic climate you should not just state the information but you should also explain how it is significant and why it is of interest/importance to your particular company.
RATIONALE
This assessment task will assess the following learning outcome/s: • be able to evaluate the implications for managing teams and businesses in a • globalised world.
• be able to research the political, legal and economic environment of a country and analyse managerial implications for leading teams and operating a business.
• be able to evaluate the main theories, concepts and models of culture and use these theories to make recommendations regarding management of cross-cultural communication, negotiation and conflict resolution in a multi cultural team environment.
• be able to investigate cultural differences in relation to decision making, motivation and leadership and recommend management strategies for Human Resource policy and leadership of cross-cultural teams.
• be able to effectively communicate recommendations regarding the viability, form and function of a firm's international operations.
• be able to identify the ethical and corporate social responsibility issues managers may face when operating internationally and develop a strategic response to these issues.
This assessment task is designed to:
• encourage independent research into the cross-cultural management issues of doing business in a particular country
• allow you to apply your understanding of macro-economic issues when recommending strategies for international operations
• provide you with experience in writing an authentic workplace report that includes recommendations and justifications which are based on research and analysis.
PRESENTATION
Your assessment report must be in a professional business report style format (i.e. a format that would be expected in an authentic workplace situation) and should include the following content headings:
1. Executive Summary [Nb: one (1) page (maximum) summary; includes as well key findings, strategies and outcomes]
2. Table of Contents
3. Introduction
3.1 Scope of Report
3.2 Rio Tinto Background
3.3 Attractiveness of Russia
4. International Strategic Management
4.1 International Strategy Formulation
4.2 Corporate Level Strategy
4.3 Business Level Strategy
5. Porter's Theory of National Competitive Advantage
6. Market Analysis and Entry Mode Strategies
7. International Organisation Design
7.1 Proposed International Organisation Design (structure)
8. International HR Management and Leadership Strategies
8.1 HR strategies for International Managers
8.2 Implications for International Managers
8.3 Methods and Strategies in Motivating Cross-Cultural Teams
8.4 Methods and Strategies in Leading Cross-Cultural Teams
9. International Marketing Strategies (considerations)
10. Recommendations
11. Conclusion
12. References [in APA 7 format]
The following points are also an important guide for presenting assessment items: • Create a cover page for the assignment including a title, your name and student ID.
• Page numbering, student name and student id at the bottom of each page. • Use a standard 12-point font such as Times New Roman, Calibri or Arial. • Use 1.5 line spacing and left-justify body text.
• Left and right margins to be 2.54 cm each.
• Use headings and sub-headings in bold text for the assessment content required for the business report.
• Always cite and reference all sources of information used in assessments (see plagiarism below).
• Provide a single reference list ("References") that always starts on a new page.
• Citations and reference list to be in APA 7 format.