Week 2 Discussion
Dealing with the Global Workforce" Please respond to the following:
- From the “Business Etiquette: Dealing with the Global Workforce” reading in Chapter 3 of the text, determine two (2) reasons why using the identified tips are important when you are using virtual team members for your organization. Provide at least two (2) examples of where these recommendations would be effective for a company that operates internationally.
Dealing with the Global Workforce
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As global trade and investments grow, events in one nation can reverberate around the globe. But despite the risks of world trade, global expansion can offer huge opportunities to U.S. firms. With U.S. residents accounting for just over 1 in every 22 of the world's nearly 7 billion people, growth-oriented American companies cannot afford to ignore the world market.18 U.S. businesses also benefit from the lower labor costs in other parts of the world, and some are finding successful niches importing goods and services provided by foreign firms. Still, it is extremely important for U.S. firms to keep close track of the foreign firms that supply their products. A number of U.S. companies have tried having their goods manufactured in China because production costs are significantly lower than they would be in the United States. But there have been so many product recalls of Chinese-made goods during the past several years—ranging from toys and pet food to construction drywall and drinking glasses—that the U.S. Consumer Products Safety Commission (CPSC) has opened an office in Beijing. The goal is to provide the CPSC with closer observation and better communication between U.S. and Chinese firms about manufacturing standards.19
U.S. firms must also develop strategies for competing with each other and with foreign firms to meet the needs and wants of consumers overseas. In the huge and fragmented beverage industry, experts predict that the Japanese and Chinese markets for healthy soft drinks, including juice-based and tea-based drinks, will grow significantly over the next few years.20
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