Businesses face various challenges when conducting business with distant countries. Businesses must(prenominal) be aware of the different rules and regulations in the international environment. Today much firms than ever are earning some of their revenue from international operations. Riordan Manu facturing is a global plastics producer employing 550 people with projected annual exculpate of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion (Apollo Group). Riordan has a production facility in Hangzhou, mainland China that has prospered in the past year and CEO Michael Riordan is looking for opportunities to inflate out the facility (Scenario). In the process of expanding the facility in China, Riordan is face with many challenges and roll in the hays. This paper ordain focus on the issues Riordan faces and the achievable opportunities to overcome the issues. The stakeholders of Riordan will b e identified and discussed along with the great deal of the company. Situation AnalysisIssue and fortune IdentificationOne of the largest issues facing Riordan is the lack of Chinese skilled workers because of the competition in the province. Since there are no Chinese workers available, the company must look at other cultures in the province. Pakistanis, Indians, and Koreans are the foreign labor available for the facility.
The new cultures raises the repair of cross-cultural issues approach shot to bear that could affect the production and delivery schedules for the new facility (Scenario). With the different cultures in place, this could affect the advocate distance of to each on e country. ?Countries in which people blindl! y practise the stages of their superiors have superior power? (Hodgetts, Luthans & Doh, 2005). A nonher issue facing Riordan is the fact that the culture diversity is not strong. The executives of Riordan did not formulate and value cross-cultural decisions that will enable the formation to achieve the... If you motive to get a full essay, order it on our website:
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