-67%
Solution
3.0 Ways of Organisations Expanding their Activities Internationally
People practice professionals are core for shaping corporate strategy and culture of global organisations, navigation of legal and regulatory complexities and resourcing successfully from diverse talent pool. As evidenced in CIPD (2020a) the key drivers of this entail continued popularity of the offshoring, expanding supply chain, increase in demand for low-level skilled migrant workforce. For success in expanding their activities internationally, the best practice would include;
3.1 Legal and Regulatory Compliance
In all international markets, they are defined with their legislations/laws and regulations defining foreign organisations operating in their market. For an expansion of their activities internationally, Chu (2021) note that organisations must maintain their compliance by in-depth pursuing research of entire local legislations. For example, for Almarai, to remain competitive in their international ventures, they people professionals pursue research in areas of corporate taxation, local employment regulations, data protection, importation/exportation licences, structure of ownership and industrial standards. Failure of compliance or embracing these legislation would elicit negative implication on the organisation international expansion.
3.2 Language, Culture and Politics
Similar to the localised legislations and regulations, all international activities are differing in regard to their language, culture and socio-political landscape. According to Abrahamsen et al. (2019), for expansion of activities internationally, an organisation would need to localise their operations/ This entail translation, culture alteration and costs adjustments. The process of localisation is a complex undertaking and assumes a significant amount of time in completing and resource-intensive strategy. For Almarai for instance, lacking the clients base could end up feeling alienated and limited willingness of buying the products and services. For instance, for employees management, the best practice entail sourcing expertise support and guidance on best practice of embracing the culture and politics.
3.3 Local Competitors
For survival in the international market, it is essential understanding the local competitors and effective management of their operations. As evidenced in Simões (2019),……..
Please click the following icon to access this assessment in full