The Role of Multinational Companies in the Middle East

The Role of Multinational Companies in the Middle East PDF Author: Mamarinta P. Mababaya
Publisher: Universal-Publishers
ISBN: 1581121725
Category : Business & Economics
Languages : en
Pages : 488

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Book Description
This study investigated whether known economic and international business theories available in the literature are meaningful enough to explain the nature, existence and role of multinational companies (MNCs) in the Middle East, particularly Saudi Arabia. Two sets of questionnaires were distributed in major cities of Saudi Arabia -- one set for 100 multinational managers and another for 280 multinational customers. 234 questionnaires were collected -- 45 from multinational managers and 189 from customers. This represents a total response rate of 62 percent, which is adequate for this study.The empirical results, supported with comprehensive secondary data, confirmed virtually all of the research hypotheses. The study found that joint ventures are the dominant form of multinational business in Saudi Arabia, both in manufacturing and service industries. The core roles of MNCs in the Saudi-foreign ventures are evident in the cross-border value-adding activities of marketing, trading, manufacturing, consulting, contracting, project management, insurance, hotel operation and banking. Likewise, MNCs provide licensing, franchising, financing services and various auxiliary roles in the Kingdom. Therefore, the multinationality of a firm or a group of firms operating across national boundaries is not necessarily synonymous with international production -- the main subject of contemporary multinational theories.The respondents generally perceived the competitiveness of MNCs operating in Saudi Arabia as a function of a number of economic, management, marketing, technological and other variables. They also perceived the contributions of MNCs to the KingdomÍs socio-economic developments as significant and positive.The study also found that understanding Islamic values and ethics is important for MNCs. In this regard, the researcher looked at some objective indicators of business success and related them to selected measures of MNCsÍ local cultural awareness and responsiveness. The results indicate that the business success of multinationals operating in Saudi Arabia is positively related to their local cultural awareness and responsiveness. Along this line, this study covers some vital elements of Islamic culture, which will help MNCs understand further the cultural needs, values and sensitivities of the Saudi people and Muslims in general.

The Role of Multinational Companies in the Middle East

The Role of Multinational Companies in the Middle East PDF Author: Mamarinta P. Mababaya
Publisher: Universal-Publishers
ISBN: 1581121725
Category : Business & Economics
Languages : en
Pages : 488

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Book Description
This study investigated whether known economic and international business theories available in the literature are meaningful enough to explain the nature, existence and role of multinational companies (MNCs) in the Middle East, particularly Saudi Arabia. Two sets of questionnaires were distributed in major cities of Saudi Arabia -- one set for 100 multinational managers and another for 280 multinational customers. 234 questionnaires were collected -- 45 from multinational managers and 189 from customers. This represents a total response rate of 62 percent, which is adequate for this study.The empirical results, supported with comprehensive secondary data, confirmed virtually all of the research hypotheses. The study found that joint ventures are the dominant form of multinational business in Saudi Arabia, both in manufacturing and service industries. The core roles of MNCs in the Saudi-foreign ventures are evident in the cross-border value-adding activities of marketing, trading, manufacturing, consulting, contracting, project management, insurance, hotel operation and banking. Likewise, MNCs provide licensing, franchising, financing services and various auxiliary roles in the Kingdom. Therefore, the multinationality of a firm or a group of firms operating across national boundaries is not necessarily synonymous with international production -- the main subject of contemporary multinational theories.The respondents generally perceived the competitiveness of MNCs operating in Saudi Arabia as a function of a number of economic, management, marketing, technological and other variables. They also perceived the contributions of MNCs to the KingdomÍs socio-economic developments as significant and positive.The study also found that understanding Islamic values and ethics is important for MNCs. In this regard, the researcher looked at some objective indicators of business success and related them to selected measures of MNCsÍ local cultural awareness and responsiveness. The results indicate that the business success of multinationals operating in Saudi Arabia is positively related to their local cultural awareness and responsiveness. Along this line, this study covers some vital elements of Islamic culture, which will help MNCs understand further the cultural needs, values and sensitivities of the Saudi people and Muslims in general.

The Future of Management

The Future of Management PDF Author: Gary Hamel
Publisher: Harvard Business Press
ISBN: 1422102505
Category : Administració
Languages : en
Pages : 287

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Book Description
What fuels long-term business success? Not operational excellence, technology breakthroughs, or new business models, but management innovation—new ways of mobilizing talent, allocating resources, and formulating strategies. Through history, management innovation has enabled companies to cross new performance thresholds and build enduring advantages. In The Future of Management, Gary Hamel argues that organizations need management innovation now more than ever. Why? The management paradigm of the last century—centered on control and efficiency—no longer suffices in a world where adaptability and creativity drive business success. To thrive in the future, companies must reinvent management. Hamel explains how to turn your company into a serial management innovator, revealing: The make-or-break challenges that will determine competitive success in an age of relentless, head-snapping change. The toxic effects of traditional management beliefs. The unconventional management practices generating breakthrough results in “modern management pioneers.” The radical principles that will need to become part of every company’s “management DNA.” The steps your company can take now to build your “management advantage.” Practical and profound, The Future of Management features examples from Google, W.L. Gore, Whole Foods, IBM, Samsung, Best Buy, and other blue-ribbon management innovators.

The Future International Manager

The Future International Manager PDF Author: L. Zsolnai
Publisher: Springer
ISBN: 0230274064
Category : Business & Economics
Languages : en
Pages : 200

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Book Description
An in-depth look at the desired professional profile of new international managers in different aspects of business. It examines the qualities an international manager needs to possess, including commitment to environmental sustainability, sensitivity toward gender and diversity issues and an engagement in progressive entrepreneurship.

International Business Success in a Strange Cultural Environment

International Business Success in a Strange Cultural Environment PDF Author: Mamarinta P. Mababaya
Publisher: Universal-Publishers
ISBN: 9781581125870
Category : Business & Economics
Languages : en
Pages : 384

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Book Description
The book focuses on the cultural aspect of the author's published PhD thesis entitled "The Role of Multinational Companies in the Middle East: The Case of Saudi Arabia", which he has carried out at the University of Westminster. It explores the success of multinational enterprises doing business in Saudi Arabia vis-à-vis their cultural awareness and responsiveness. The empirical findings discussed in this book reveal that international business success in a strange cultural environment depends partly on the ability of multinational managers to understand the local culture. The cultural subject in this book pertains to Islam in its entirety. The findings may seem strange to many readers who are not familiar with Islamic culture, in its purest form. Many newcomers to Saudi Arabia -- especially non-Muslim foreign investors, businessmen and workers -- often find many things "strange" about the Kingdom, its people and cultural values. Some feel it odd that many Muslims give more importance to prayer than business. Some are disappointed when they find commercial establishments like shopping centres closed as Muslim workers go to the mosques to attend to their daily prayers. Business visitors find strange the fact that in the midst of their meetings with their Saudi or Muslim counterparts, the latter excuse themselves for prayer. They have these "strange" feelings due to their lack of understanding of true Islamic culture. The cultural aspect of this book will help businessmen and concerned institutions worldwide gain understanding of Islam and reconcile their cultural differences with the Muslim world. Through this book, international companies will be able to have a better understanding of authentic Islamic culture, which will help them gain greater competitive advantages in the Saudi marketplace.

The Culture Map

The Culture Map PDF Author: Erin Meyer
Publisher: PublicAffairs
ISBN: 1610392590
Category : Business & Economics
Languages : en
Pages : 289

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Book Description
An international business expert helps you understand and navigate cultural differences in this insightful and practical guide, perfect for both your work and personal life. Americans precede anything negative with three nice comments; French, Dutch, Israelis, and Germans get straight to the point; Latin Americans and Asians are steeped in hierarchy; Scandinavians think the best boss is just one of the crowd. It's no surprise that when they try and talk to each other, chaos breaks out. In The Culture Map, INSEAD professor Erin Meyer is your guide through this subtle, sometimes treacherous terrain in which people from starkly different backgrounds are expected to work harmoniously together. She provides a field-tested model for decoding how cultural differences impact international business, and combines a smart analytical framework with practical, actionable advice.

International Management

International Management PDF Author: Jasen Loke Chee Shong
Publisher: Lulu.com
ISBN: 0615235425
Category : Business & Economics
Languages : en
Pages : 150

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Book Description


International Project Management

International Project Management PDF Author: Thomas W. Grisham
Publisher: John Wiley & Sons
ISBN: 1118276523
Category : Technology & Engineering
Languages : en
Pages : 244

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Book Description
The theory, practice, and example projects of international project management A Singaporean corporation builds a manufacturing facility in Cambodia, with a Chinese partner, a Cambodian government agency, and value chain organizations in Germany, Morocco, Vietnam, and Brazil. A Russian charity operates in the Balkans and the Persian Gulf. Pharmaceuticals and food come from ten different countries, physicians are from the EU and Russia, and donations are from Central Asia and the subcontinent. A transnational organization markets through divisions in eighty-two countries. The products are designed in Italy, Sweden, and France, with customization done in each respective country. International projects involve a complex network of cultures, politics, laws, languages, and resources that goes beyond the traditional training and experience of most project managers. International Project Management examines the different dimensions and responsibilities of international projects, and outlines what a project manager must know to lead global projects successfully. It also provides guidelines and examples for the international project management processes. This book explores the professional best practices of international projects, emphasizing the importance of leadership skills and virtual teamwork to successfully navigate an international project. Along with discussions on the process groups, such as initiating, planning, execution, monitoring and controlling, and closing out, this reference is organized according to these knowledge areas: Introduction to international project management Integration management HR management (Diversity & Communications) Scope management Cost and progress management Risk management Time management Customer satisfaction (Quality) Procurement management CPE in the future Integrating the PMBOK® Guide—Fourth Edition, and the ICB, International Project Management provides international project managers, whether experienced or beginners, with the high cross-cultural intelligence, creative communication skills, ability to establish and maintain dependable project management processes, and compelling curiosity to manage international projects successfully. (PMBOK is a registered mark of the Project Management Institute, Inc.)

Winning Strategies for a Sustainable Future

Winning Strategies for a Sustainable Future PDF Author: Bertelsmann Stiftung
Publisher: Verlag Bertelsmann Stiftung
ISBN: 3867935548
Category : Political Science
Languages : en
Pages : 201

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Book Description
Since the first Earth Summit held in Rio de Janeiro in 1992, many states have been looking for a new concept of economic and social progress. The environmental crises of the last years, as well as the global economic and financial crisis, require an even more profound shift in thinking - toward a policy committed to sustainability and intergenerational equity. But how can this goal be achieved? The publication for the Reinhard Mohn Prize 2013, "Winning Strategies for a Sustainable Future," presents pioneering approaches from different continents. Bhutan, Costa Rica, Finland, Ghana and Tasmania are examples that show sustainability is feasible. These principles also open up new perspectives for Germany. Today, we know that sustainability is the great challenge of the 21st century. The guiding principle of sustainable development implies taking economic, social and environmental concerns into account in a balanced manner. Our focus in this regard must be improving the quality of life for all people.

Exploring the Financial Landscape in the Digital Age

Exploring the Financial Landscape in the Digital Age PDF Author: Thomas Andreas Maurer
Publisher: CRC Press
ISBN: 1040149677
Category : Business & Economics
Languages : en
Pages : 831

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Book Description
The Proceedings of the International Conference on Financial Management and the Digital Economy (ICFMDE 2023) offers an overview of research and insights into how financial management is evolving in the digital age. The book covers a broad spectrum from examining cryptocurrency trends to exploring fintech advancements. Topics also extend to digital transformation strategies, practical applications of blockchain technology, and the profound impact of digital innovations on financial markets. Through rigorous research and analysis, the proceedings offer valuable insights into the future trajectory of the global economy. Written for scholars, researchers, and industry professionals in finance, economics, and digital innovation, this collection provides valuable insights into the rapidly changing field of financial management. Readers will gain deep perspectives on how digitalization is reshaping financial landscapes worldwide.

Principles of Management [According to NEP-2020]

Principles of Management [According to NEP-2020] PDF Author: Sanjay Gupta
Publisher: SBPD Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 319

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Book Description
1. Management—Meaning, Characteristics and Importance, 2. Management—Nature, Principles, Levels and Limitations, 3. Functions of Management, 4. Development of Managerial Thoughts, 5. Planning, 6. Organisation : Meaning, Importance and Principles, 7. Forms of Organisation, 8. Centralisation and Decentralisation, 9. Staffing, 10. Decision—Making : Concept and Process, 11. Direction—Concept and Techniques, 12. Co-ordination : Meaning and Nature, 13. Motivation, 14. Leadership, 15. Controlling, 16. Techniques of Control, 17. Emerging Trends in Management.