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Nookie1986 [14]
3 years ago
11

determine and describe ten best practices for managers competing in the global environment, challenged with diversity, global ec

onomics, and social responsibility. Support your best practices with Internet research and your personal experience.
Business
1 answer:
JulsSmile [24]3 years ago
5 0

The correct answer to this open question is the following.

For me, the ten best practices for managers competing in the global environment, challenged with diversity, global economics, and social responsibility would be the following, in no particular order.

1.- Understanding the global world.

The world is no separated by frontiers. Globalization is here to stay. Trade is the best example.

2.- Solid leadership.

Managers have to turn into leaders to be able to teach, coach, and direct the organization.

3.- Cultural Diversity.

Different people's backgrounds will enrich the company and its processes.

4.- Support and engage employees.

The leader has to be backed by loyal and committed employees to confront difficult issues.

5.- Embrace change.

Change is the constant in a global world. Accept it and take the initiative.

6.- Reward and motivate employees.

If players believe in the leader, they are going to believe in the system. As simple as that.

7.- Create an international team.

Bring the foreign experts to your company. They have different approaches and perspectives.

8.- Innovation.

Invest in research and development. Innovation has many advantages.

9.- Accept the benefits of technology.

The digital world has changed the way to do business in the world.

10.- Constantly Travel.

Travel to learn how people live in your different markets. What they like and dislike, how they think, what can capture their attention.

You might be interested in
Depreciation is the accountant's estimate of the cost of ______ used in the production process matched with the benefits produce
faust18 [17]

Answer:

Fixed assets and equipment

Explanation:

Depreciation is the accountant's estimate of the cost of fixed assets and equipment used in the production process matched with the benefits produced from owning it.

It is the decrease in the value of assets and the method used to reallocate the cost of asset over its useful life span.

Assets can be categorized as :

1. Current

2. Fixed

3. Tangible

4. Intangible assets.

In accounting, there are several standard methods of computing depreciation expense:

1. Fixed percentage

2. Straight line

3. Declining balance methods.

4 0
3 years ago
Spree Company sold $769,300 of goods during the year at a cost of goods sold of $548,600. Inventory was $31,283 at the beginning
Zarrin [17]

Answer:

16.42

Explanation:

Data provided in the question:

Cost of goods sold =  $548,600

Beginning inventory of the year = $31,283

Ending inventory of the year = $35,538

Now,

the Inventory turnover ratio is calculated as;

⇒ ( Cost of goods sold ) ÷ ( Average inventory of the year )

Also,

Average inventory of the year = \frac{\textup{Beginning inventory + Ending inventory}}{\textup{2}}

= \frac{\$31,283+\$35,538}{\textup{2}}

= $33,410.5

Therefore,

Inventory turnover ratio = $548,600 ÷  $33,410.5

= 16.42

6 0
3 years ago
Some researchers and analysts have noticed a trend in which firms that increase their dividends see an increase in their stock p
alina1380 [7]

Answer:

The theory which explains the phenomenon described in the question is referred to as "Dividend Signaling".

Explanation:

When a company announces that is will be paying dividends, stock market players percieve this as an indication of :

  1. Strenght
  2. Performance and
  3. Profitability.

Hence investors will find it more attractive to purchase such a stock.

Cheers!

7 0
3 years ago
Turnbull Co. is considering a project that requires an initial investment of $270,000. The firm will raise the $270,000 in capit
svp [43]

Answer:

WACC = 11.45 %

Explanation:

Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund

WACC = (Wd×Kd) + (We×Ke) + (Wp × Kp)

After-tax cost of debt = Before tax cost of debt× (1-tax rate)

Kd-After-tax cost of debt = 11.1%(1-0.4) =6.66%

Ke-Cost of equity = 14.7%

Kp= Cost of preferred stock = 12.2%

Wd-Weight of debt =100/270=0.370

We-Weight of equity = 140/270=0.518

Wp= weight of preferred stock = 30/270=0.111

WACC = (0.518× 14.7%) + (0.370 × 6.7%) + (0.111×12.2) =  11.447%

WACC = 11.45 %

6 0
3 years ago
Upon what specific assumptions is this production possibilities curve based?
mihalych1998 [28]

Answer:

C. Full employment, fixed supplies of resources, fixed technology, and two goods

Explanation:

Production Possibility curve: It is a curve that shows all possible combinations to the amounts of the two goods that can be produced with the available resources and technology.

In simple words, all resources which are used to produce the possible combinations are called full employment. Thus, these specific assumptions plays vital role in production possibilities curve.

So, A, B, and the D are incorrect options.

3 0
3 years ago
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