DOMESTIC & INTERNATIONAL ENTERPRISE

Environment
1. Educational Environment i) Language (Spoken, Written, Official) ii) Education System (Quality, Level, Extent) 2. Socio-Cultural Environment i) Values, attitudes (toward Achievement, Risk-taking, Scientific Method, Work)

Domestic
One No or Little Constraint

International
Multiple Great Constraint

Homogeneous

Heterogeneous

3. Political-Legal Environment i) Political orientation (Power, Ideologies) ii) Legal Environment (Laws, Codes, Regulations) iii) National Sovereignties iv) Government Policies, Regulations
4. Economic Environment Development i) (Under developed, industrialized) ii) Economic System (Capitalistic, Mixed, Marxist)

Country-Centered Fairly uniform One Same

Transnational Different Many Different

At similar stages Similar

At different stages Different

Managerial Functions
1. Planning: i) Scanning the environment for threats And opportunities

Domestic Enterprise
National Markets

International Enterprise
Worldwide Markets

2. Organising: i) Organisation Structure

ii) View of Authority 3. Staffing: i) Sources of Managerial Talent ii) Manager Orientation 4. Leading: i) Leadership and Motivation

Structure for Domestic Operations Similar

Global Structure Different

National Labour Pool Often ethnocentric

Worldwide Labour Pool Geocentric

Influenced by Similar Structure

Relatively short

Influenced by many different culture

Network with Long distances

ii) Communication lines 5. Controlling: i) Reporting System

Similar requirement

Many different requirements

Forms of International Business

1. Exportation

2. Licensing Agreement
3. Management Contracts 4. Joint Ventures 5. Subsidiaries

Role of Global Managers

According to Stephen Rhinesmith following competencies essential to become global managers:1. Managing Competiveness 2. Managing Complexity 3. Managing Adaptability 4. Managing Teams 5. Managing Uncertainty

Traits of Successful Leaders in India

1. Professionalism 2. Innovative Thinking 3. High Knowledge 4. Quality Consciousness I. Lakshmibhai & Ramachandrabhai R.Gandhi Vadilal Ice Creamhttp://www.vadilalgroup.com/ (Affordable price, smart pricing strategy, developing mass market) II. Karsanbhai K.Patel Nirma Chemical Works- http://www.nirma.co.in (Fair Price, Strong marketing strategies)- Better Products. Better Value. Better Living. III. Aspi R Balsara Balsara Hygiene Products-Dabur (Promise, Babool, Meswak, Odomos, Odonil, Sani Fresh, Odopic) (Pursuit of Excellence, grow or perish policy, internationalism) IV. Chandramohan Punjab Tractors Swarajhttp://www.swarajenterprise.com (Satisfying customer, employing women) V. Satya Prakash Mathur Sumeet Mixie - http://sumeetmixie.in/ (service to society through industry, sacrificing-nature)

Qualities for Best Chief Executives

1. Leadership Ability 2. Profit Orientation 3. Ability to attract talent and retain talent 4. Having best industrial relations policies 5. Honesty 6. Ability to establish an international presence. Like Ratan Tata-Tata Sons, R.Bajaj-Bajaj Auto, A.BirlaIndian Rayon, A.B.Godrej, L.M.Thapar-Crompton Greaves, H.V.Goenka-RPG Enterprises, Nusli WadiaBombay Dyeing, Vijay Mallya-UB Group, M.R.Chhabria-Shaw Wallace, S.M.Datta-HindLever, Ambani-Reliance, J.J.Irani-Tata Steel, D.Setha-Tata Chemicals, K.L.Chugh-ITC