Posted: July 22nd, 2015

Keys to Success in Multinational Companies

Please choose one (1) of the following industries for the purposes of this assignment:

• Jewelry

• Fashion / Apparel

• Chemicals

• Consumer electronics, electronic components

• Medical supplies or equipment

• Bins, totes, crates, material handling

• Food products

• Drug products

• Children’s products, clothing, toys, etc.

You have been tasked with designing a comprehensive best practices policy list geared towards

managing existing knowledge and any new knowledge as it becomes viable. The best practices policy

should include a compiled task list that will help your company to handle not only the regular issues of

conducting business within a foreign country, but also the unexpected events (e.g., earthquakes,

demonstrations, bomb threats, etc.), no matter the country or countries into which you will be

expanding. The policy list should also take any unique challenges that your company may face into

consideration.

Write a six to eight (6-8) page paper in which you:

1. Design a comprehensive best practices policy list that includes policies on the following:

a. Sanitation (e.g., hand washing, toilet facilities, etc.)

b. Eating and / or drinking (e.g., at desks, on the company grounds, inside in the manufacturing area at

designated tables / areas, etc.)

c. Conflict resolution (e.g., settling disputes, mediation and / or arbitration with designated mediator on

staff, etc.)

d. In-house teams (e.g., minimum meeting times, scribes, appointed leaders, etc.)

e. Online team (e.g., 24-hour coverage on phone due to time differences, etc.)

f. Security (e.g., leaving doors open, locks, key return policy for departing workers, etc.)

g. Emergency evacuation procedures

2. Determine the key benefits of creating such policies. Provide a rationale for your response.

3. Speculate on the major ramifications if such policies are not created. Provide a rationale for your

response.

4. Predict the significant ways in which the best practices policy that you created will contribute towards

the long-term sustainability of the company. Provide a rationale for your response.

5. Determine whether or not your best practices policy would provide a competitive advantage over

other international companies. Provide one (1) example of a company using a best practices policy to

support your response.

Use at least four (4) quality academic resources in this assignment.

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