Assignment 3: Keys to Success in Multinational
Companies
Due Week 9 and worth 220 points
It is widely known that Knowledge Management Systems are the key to success in
multinational companies. Imagine that you are a Vice President of a company
that is ramping up to go global.
Please choose one (1) of the following industries for the purposes of this
assignment:
·
Jewelry
·
Fashion /
Apparel
·
Chemicals
·
Consumer
electronics, electronic components
·
Medical supplies
or equipment
·
Bins, totes,
crates, material handling
·
Food products
·
Drug products
·
Children’s
products, clothing, toys, etc.
Note: You may create and / or assume all necessary assumptions needed
for the completion of this assignment.
You have been tasked with designing a comprehensive best practices policy list
geared towards managing existing knowledge and any new knowledge as it becomes
viable. The best practices policy should include a compiled task list that will
help your company to handle not only the regular issues of conducting business
within a foreign country, but also the unexpected events (e.g., earthquakes,
demonstrations, bomb threats, etc.), no matter the country or countries into
which you will be expanding. The policy list should also take any unique
challenges that your company may face into consideration.
Write a six to eight (6-8) page paper in which you:
1.
Design a
comprehensive best practices policy list that includes policies on the
following:
a.
Sanitation
(e.g., hand washing, toilet facilities, etc.)
b.
Eating and / or
drinking (e.g., at desks, on the company grounds, inside in the manufacturing
area at designated tables / areas, etc.)
c.
Conflict
resolution (e.g., settling disputes, mediation and / or arbitration with
designated mediator on staff, etc.)
d.
In-house teams
(e.g., minimum meeting times, scribes, appointed leaders, etc.)
e.
Online team
(e.g., 24-hour coverage on phone due to time differences, etc.)
f.
Security (e.g.,
leaving doors open, locks, key return policy for departing workers, etc.)
g.
Emergency
evacuation procedures
2.
Determine the
key benefits of creating such policies. Provide a rationale for your response.
3.
Speculate on the
major ramifications if such policies are not created. Provide a rationale for
your response.
4.
Predict the
significant ways in which the best practices policy that you created will
contribute towards the long-term sustainability of the company. Provide a
rationale for your response.
5.
Determine
whether or not your best practices policy would provide a competitive advantage
over other international companies. Provide one (1) example of a company using
a best practices policy to support your response.
6.
Use at least
three (3) quality academic resources in this assignment. Note: Wikipedia and
other similar websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
·
Be typed, double
spaced, using Times New Roman font (size 12), with one-inch margins on all
sides; citations and references must follow APA or school-specific format.
Check with your professor for any additional instructions.
·
Include a cover
page containing the title of the assignment, the student’s name, the
professor’s name, the course title, and the date. The cover page and the
reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
·
Evaluate strategic
management and participation strategies in a global business.
·
Use technology
and information resources to research issues in global management.
·
Write clearly
and concisely about global management using proper writing mechanics.
