Question 1
Cross-border alliances are developed by companies for various motivations. For instance, by forming new alliances companies are able to enhance competition. As the technology advances, organizations opt to partner with other companies that provide technology skills missing in the company. With this few resources are expended and the risk of developing in-house skills reduced. Secondly, alliances help in the division of global risks. This is because, through partnership, companies are able to do risk sharing through research and development and increase returns (Baylis, Smith & Owens, 2017). Finally, alliances enable companies to enter new foreign markets, reducing trade barriers among many others. In my opinion, I think companies mainly for alliances to overcome competition and also find new market since the alliances reduce the influence of competitors ( Baylis, Smith & Owens, 2017) .
Question2
A code of conduct (code) should begin by stating the company’s vision, mission, and values. In that case, each and every employee of the company located in any of the company’s branch may be familiar with the kind of environment one is going to work in. In general, the “code” enlightens its employee what the company’s intentions are ( Crane & Matten, 2016) . In an international organization, working with people from culture and speaking different languages is challenging since it is difficult to know what to cover in your code of conduct so that it favors everyone. Every “code” should contain details on how employees should handle the customers and the roles of the managers as well as those of the employees. The best way to start a global code of conduct is by training and evaluating the company members. I have worked for a global company and one of my roles was viewing a webinar consisting of ethics code which was always set for employees. On completion, I had to turn in a printed certificate to prove that I had completed my course. With this, I was familiar with ethics.
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Question 3
To understand the relationship between ethical behavior and corporate governance, one needs to know the effects of social welfare on the company members and the internal corporate concerns. Corporates work with the idea that all its members work for the company’s benefits as well as that of their stakeholders ( Crane & Matten, 2016) . However, it is not that possible since the idea of a fair dealing may not work out for all parties if they are no ethics implemented. With this corporate governance should incorporate ethical behavior among the employees to ensure success. The Board of Directors plays a big role in ensuring that fair business practices are done by providing the company’s vision and mission. In addition, the board writes the code of conduct in favor of each and every one of its employees, customers, and shareholders.
Question 4
A company may seek to enter an international market through various mean. However, there are various methods considered such as ownership which involves the growth and development of a business from the ground. Its main advantage is that it permits the owner to call his or her own shots and operate in a market where he or she fits in. Secondly, licensing which is a way of fitting into international markets by developing an existence in the root ( Crane & Matten, 2016) . This mainly involves permitting another company to produce goods under your company’s name, thirdly, the joint venture which majorly involves the partnership between companies. In this case, the cost shares the cost as well as the profit earned from an operation. Forth, exporting is a method that allows a business to continue producing its products while selling them overseas for their distribution in the overseas markets. This has been the common method of entry into a foreign market by most of the companies. Lastly, is the export processing zone, which is created by the foreign governments to help in promoting the development and employment of its citizen with the use of external business ideas ( Baylis, Smith & Owens, 2017) ..
Question 5 Can businesses achieve synergy among functional business units or does it create silos? If there are silos, does this create strategic decisions made in isolation? What type of business situation can silos create a positive environment for strategy implementation?
Companies operating in terms of “silo” rather than creating groups in the company suffer from silo syndrome. In smaller businesses, use of the silo technique maybe greatly advantageous, however, it is really harmful to big companies ( Crane & Matten, 2016) . This is because it makes it difficult for the company to make strategic decisions since each of the units is not concerned with its own work and does not mind another unit. The best strategy to use id the synergetic strategy since each unit works towards achieving the business’s goal in cooperation to other units. In order to promote the strategy, the company should train its members on how to work together and create the understanding of what each and every department involved does. In my opinion, a silo situation would limit the business decisions implemented by a company; in addition, it would be time consuming and make the business less productive.
References
Baylis, J., Smith, S., & Owens, P. (Eds.). (2017). The globalization of world politics: an introduction to international relations : Oxford University Press.
Crane, A., & Matten, D. (2016). Business ethics: Managing corporate citizenship and sustainability in the age of globalization : Oxford University Press.
