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Designing an Efficient Management System - Modeling of Convergence Factors Exemplified by the Case of Japanese Businesses in Thailand (Hardcover, 2010 ed.)
Loot Price: R2,990
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Designing an Efficient Management System - Modeling of Convergence Factors Exemplified by the Case of Japanese Businesses in Thailand (Hardcover, 2010 ed.)
Series: Contributions to Management Science
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1. 1 Background of the Study: Ef?ciency in Cross-Cultural
International Business Management Ef?cient business management is
crucial in achieving corporate (national or int-
national/multinational) goals such as higher value,
comprehensiveness, corporate governance, etc. Ef?cient business
management can be achieved by resolving agency problems existing
among different stakeholders in corporations. In inter- tional
business, agency problems may exist between managers, owners,
staff, and other stakeholders who come from different cultures.
Therefore, there is a need in designing ef?cient management of
international business by in?uencing the factors (the convergence
factors) which cause differences in the interests and cultures of
different stakeholders. International business refers to all
commercial transactions between two or more nations. Because it
comprises a large and growing portion of current world business
practice, international business has received considerable
attention in academic research (Daniels and Radebaugh 1998).
International bu- ness differs in important ways from business
conducted within national borders, and poses additional challenges
to managers and investors in foreign countries (Mahoney et al.
1998). In this context, Black et al. (1999) state that effective
management is increasingly recognized as a key determinant of
success or failure, arguing that the success of international
business in multinational companies depends most signi?cantly on
the quality of management systems (Stroh and Caligiuri 1998). As
international business involves people from different cultures,
every business function including managing a workforce, marketing
output, and dealing with regulators, has the potential to involve
cross-cultural problems (Zineldin 2007).
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