StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Identify and compare different business and management practices between US, European and Asian firms - Essay Example

Cite this document
Summary
Many studies have shown that the differences in the management and business practices of firms across various countries affect their economic performance significantly (Bloom and Van Rennen, 2006.2007; Bloom et al, 2007; Keller, 2009etc).Given this, the researchers have…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Identify and compare different business and management practices between US, European and Asian firms
Read Text Preview

Extract of sample "Identify and compare different business and management practices between US, European and Asian firms"

Download file to see previous pages

This essay is organized as follows. Section 2 gives an overall comparison of management and business practice performance of firms across various countries in terms of different dimensions. Section 3 identifies and compares the differences in management and business practice performance of US, European and Asian firms in terms of their organization structure. Section 4 identifies and compares the differences in management and business practice performance of US ,European and Asian firms in terms of their decision making process.

Section 5 identifies and compares the differences in management and business practice performance of US, European and Asian firms in terms of their equity (ownership) structure. Section 6 concludes the essay. Bloom and Reenen(2010) measured the differences in the management and business practices across firms and countries and observed the following patterns. The firms with better performance were having better management practices. The study showed only very few badly managed firms in US while large number of Brazilin and Indian firms in that category.

Different countries perform better in different dimensions of management like US firms performing better in incentive terms while Swedish firms perform well in monitoring terms as shown b y the study. The study showed multinationals being well managed in all country while the government firms badly managed than private equity firms or firms with publicly quoted share prices. In addition to these, the study showed firms with more human capital performing well than others. Moreover the family owned firms with the family member as CEO were seen to be managed badly in this study.

Based on an interview with managers from different countries on 18 management practices scores were given from 1 to 5 for each firm in the study. The three dimensions of management practices were measured in this regard namely monitoring, incentives and targets for almost 6000

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Identify and compare different business and management practices Essay”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1571559-identify-and-compare-different-business-and-management-practices-between-us-european-and-asian-firms
(Identify and Compare Different Business and Management Practices Essay)
https://studentshare.org/miscellaneous/1571559-identify-and-compare-different-business-and-management-practices-between-us-european-and-asian-firms.
“Identify and Compare Different Business and Management Practices Essay”, n.d. https://studentshare.org/miscellaneous/1571559-identify-and-compare-different-business-and-management-practices-between-us-european-and-asian-firms.
  • Cited: 0 times

CHECK THESE SAMPLES OF Identify and compare different business and management practices between US, European and Asian firms

Contingency Models of Leadership - Managing the Differences between Western and Asian Cultures

The paper "Contingency Models of Leadership - Managing the Differences between Western and asian Cultures" argues that leaders should learn to incorporate such approaches by analyzing the situational factors to determine the extent to which they should engage their employees in decision-making....
9 Pages (2250 words) Literature review

Determinants of Complex Vertical FDI and Affiliated Firms Productivity

The first part measures the productivity of the existing Japanese affiliated firms engaging in vertical FDI in the host countries including the effect of trade costs on the productivity.... Also known as the “two country version” of vertical FDI, the pure vertical FDI indicates that multinational companies operate a production process in a foreign country and eventually export the intermediate goods to their overseas affiliated firms where the final assembly would take place3....
15 Pages (3750 words) Dissertation

Marketing to the South Asian Population

% belong to other asian nationalities (Census 2001).... dding to social weight also means adding to economic value of South asian population in Britain.... Indeed, buying behaviour of foreigners differ from european significantly.... (2005) while observing differences between Greek and Italian identities, analyse three dimensions: ethnic language use with family members, ethnic language media exposure and ethnic attachment.... However cultural dimensions vary across studies, proposing different models for the analysis of ethnic identity, mainly depending on the particular observed identity....
16 Pages (4000 words) Assignment

Marketing to South Asians in Great Britain

There are several reasons for this: parts of the South Asian immigrant community are viewed as a sort of underclass (Lash and Urry, 1994); many perceive this group as lacking the purchasing power to join the consumer society (Sivanandan, 1989); there are very few South Asian marketing managers in British firms (Burton, 2002); and there is a confusion in some marketing firms as to how to reach the South Asian community (Gooding, 1998).... One of these segments is the South asian community – those from the Indian peninsula and the surrounding countries – and research shows that this represents half of the British immigrant population (Burton, 2002)....
6 Pages (1500 words) Essay

Entrance in the Chinese Market - Omega Motors Gmbh

34 Pages (8500 words) Essay

Strategy quality managment in SABIC

These are found in the conglomerate's 21 manufacturing firms employing over 16,000 employees globally (Al-Abdulgader, 2007).... The company's expansion plans targets the emerging asian growth economies of China and India.... Strategic Quality management (SQM) encompasses the application of refined methods and skills within tactical organization procedures to achieve a competitive advantage in the market.... SABIC exceptional performance is attributed Custom Technology Solutions (CTS, 2006) describe strategic management as ‘a combination of strategy formulation and strategy implementation' (P....
14 Pages (3500 words) Essay

Global Expansion of Toyota

In general multinational firms follow the IFRS principles.... The paper incorporates studying the principles associated with us GAAP and IFRS.... Considerable efforts are taken by different regulatory authorities to reduce the gap between the IFRS principles and the accounting regulations imposed by different nations and the us GAAP.... Maintaining adequate accounting records becomes a… The research also incorporates analyzing the accounting policies followed by Toyota in respect of its international expansion and the different issues faced by the same....
15 Pages (3750 words) Essay

The Impact of Culture on Business and Management in Different Cultural Contexts

Various dimensions impacting management and business explored in three main types of research by Hofstede, Trompenaars and Turner and House et al are applied in this paper to understand the impact of culture on business and management in different cultural contexts and managerial functions.... Identification of cultural diversity has opened up new avenues and challenges for business and provided wider space for management researchers and psychologists to understand human behavior in relation to business and management....
8 Pages (2000 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us