Managing International Operations in Canada Analytical Essay by scribbler

Managing International Operations in Canada
A discussion on the issues involved in Canadian companies' management of international operations.
# 153415 | 2,146 words | 6 sources | APA | 2013 | US
Published on May 29, 2013 in Business (International) , Canadian Studies (Business Issues)


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Description:

The paper explores how Canadian companies have been modified to conduct international operations and discusses what still needs to be done to make the companies competitive in the global markets. The paper addresses the need for global marketing strategies, global manufacturing strategies, a flexible supply chain management strategy, a revised accounting strategy, the adoption of multinational financial practices and a standardized set of HRM practices that conform to international standards so that it can be applicable to any employees in any country. The paper concludes that Canada is a strategic country that is poised to make optimum use of the power of globalization.

Outline:
Marketing Globally
Global Manufacturing and Supply Chain Management
International Accounting Issues
The Multinational Finance Function
Human Resource Management

From the Paper:

Marketing to a global audience can be a daunting task given the variations in culture, society and values of people belonging to different countries. Therefore, every company that is looking to start or strengthen its international operations should collect as much information as possible about the country where it wants to sell its products. For example, Indonesia has more than 34% of its population under the age of 15 while Japan has more than 16% of its population over the age of 80. Understanding the demographics of every country will help the company to capture the market. In the above example, Canadian companies should consider exporting pharmaceuticals to Japan while toys, educational material and clothing to Indonesia. "This information is the essence of global marketing. And while Canada is firmly established as an important trading nation--as epitomized by its being the Group of Seven country with the smallest population--future success is likely to fall to those who best understand the needs of the nations where their products could be exported" (Foot, 1998, p.90).
"Marketing plays an important role in international trade because it creates awareness about a product and makes it possible for the company to enter another country's market. Marketing not only helps to sell the product, but also to establish a firm footing in other countries. There is a huge difference between trading and marketing."

Sample of Sources Used:

  • Steger, Manfred. (2010). Globalization A Brief Insight. New York : Sterling Publishing Company.
  • Foot, David. (1998). Selling Canada Globally. Maclean's. Vol 111(26). p90.
  • Polushin,William; Moore,Karl. (2008). Creating Globally Competitive Canadian Manufacturing Enterprises. Ivey Business Journal. Vol 72(5). p 1-15
  • Malik, Yogesh; Niemeyer, Alex; Ruwade, Brian. (2011). Building the supply chain of the future. McKinsey Quarterly. Vol 1(1). pp 62-71
  • Butler, Kirt. (2008). Multinational Finance. New Jersey : John Wiley.

Cite this Analytical Essay:

APA Format

Managing International Operations in Canada (2013, May 29) Retrieved November 20, 2019, from https://www.academon.com/analytical-essay/managing-international-operations-in-canada-153415/

MLA Format

"Managing International Operations in Canada" 29 May 2013. Web. 20 November. 2019. <https://www.academon.com/analytical-essay/managing-international-operations-in-canada-153415/>

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