
- •International University
- •Unit 1 what is business?
- •Exercise 1
- •Exercise 2
- •Exercise 4
- •Reading and discussion how to start & operate your own firewood supply business
- •Scandinavian airlines system, sas
- •Business word pairs
- •Business verbs
- •Unit II careers in business
- •Exercise 1
- •Exercise 2
- •Exercise 3
- •Exercise 4
- •Exercise 5
- •Exercise 6
- •Job titles
- •Reading and discussion applications and interviews background information
- •Exercise
- •Have a nice day* employee loyalty in service firms
- •Exercise
- •Unit III the marketing mix. The four ps the four p's
- •Exercise 1
- •Exercise 2
- •Exercise 3
- •Exercise 4
- •Exercise 5
- •Reading and discussion the target market
- •Exercise
- •The pros and cons of the major advertising media
- •Exercise 1
- •Exercise 2
- •Reading and discussion management and human resources development
- •Exercise 1
- •Exercise 2
- •Exercise 3
- •Managing director (types of jobs advertisements)
- •Business men and managers
- •Recruitment
- •Exercise 1
- •Exercise 3
- •Unit V time management
- •Reading and discussion sources of problems in time management
- •Common time wasters for managers
- •Drop-in visitors
- •Telephone interruptions
- •Cluttered office
- •Unnecessary tasks
- •Unnecessary or over-long meetings
- •Planning daily activities
- •Unit VI training global managers
- •Exercise 1
- •Exercise 2
- •Exercise 3
- •Unit VII accounting and finance
- •Exercise
- •Reading and discussion the balance sheet
- •Exercise 1
- •Exercise 2
- •Exercise 3
- •Why finance
- •Exercise 1
- •Acquisition of capital
- •Exercise 1
- •Exercise 2
- •Exercise 3
- •Exercise 4
- •Exercise 5
- •Exercise 6
- •Exercise 7
- •Financier
- •Exercise 60
Planning daily activities
It was noted earlier effective time management requires clear objectives, strategies, and priorities, which are determined through a process of long-term planning. Equally important are short-term plans to identify the action steps necessary to implement strategies and accomplish objectives. Formal time management systems focus on short-term planning, and they usually include weekly and daily planning forms for managers to schedule their appointments, meetings, and activities.
When planning daily activities, the first step is to make a «to-do list» for the day and assign priorities to each activity. Managers are instructed to use the prioritized activity list together with their calendar of required meetings and predetermined appointments to plan their day. If there is insufficient time to do urgent activities with immediate deadlines, the manager should attempt to reschedule some activities that are less important, such as routine meetings. The task of juggling the various activities and deciding which to do is a difficult but essential component of managerial work.
Planning one's daily activities does not imply that a manager determines exactly what to do each minute of the day. Except for a few blocks of time set aside for longer cognitive tasks that require concentration (such as writing a report or preparing a budget or work schedule), most managerial work win involve interaction with other people. Sometimes structured interactions, such as pre-planned meetings or appointments with the key people, will be necessary. Related activities involving the same people can be grouped together. For example, a manager may meet with a subordinate to handle one item, then call in another subordinate or a peer to deal with another matter that involves all three people. Other activities on the manager's list or «mental agenda» can be attended to as opportunities arise. For example, a chance encounter with a peer may provide the opportunity to inquire about something the person is doing for you.
The planning of daily activities should take into account natural energy cycles and bio-rythms. Peak alertness and efficiency occur at different times of the day for different people. Some people function best in the morning, whereas others function best in the afternoon or are «night people.» Peak periods should be used for difficult tasks and ones that require creativity. Simple, boring tasks should be scheduled for times of low mental and physical energy. Unimportant tasks, even if difficult, can be scheduled for times when a person is likely to be tired or at a low point in the energy cycle.
Unit VI training global managers
One of the reasons why the Japanese have been so successful in penetrating world markets is that they have understood and responded to the challenges of doing business in alien countries and cultures. Japanese expatriate personnel are far better equipped than their American counterparts for living and working abroad.
In a recent survey, three-quarters of the 80 US corporations responding reported that between 10% and 40% of their personnel assigned overseas had to be recalled or dismissed due to poor performance. Only 14% of the 35 Japanese companies responding reported a failure rate of over 10% and in no case did it reach 20%.
Maintaining a US family overseas costs an average of $200,000 per year. Recalling key personnel is not only expensive but also highly disruptive, often leading to confusion and lost opportunities. Furthermore, an expatriate who is recalled will, in most cases, leave the company even though his or her performance may have been good prior to the overseas assignment. Replacing him or her means that the company has permanently lost a valuable human asset.
Even those US expatriates who complete their assignments may not be working to full capacity and although technically they have not failed, they may be costing their company a great deal in foregone profits.
The reason why Japanese and American expatriates perform so differently may be explained by the better preparation and support which Japanese managers and technicians receive. In Japanese companies, a thorough selection is made at least one year before the assignment is to begin, so that anybody at risk is rejected.
The selection procedure is followed by a training programme where assignees learn the culture, customs, language and ways of doing business in the host country. They learn that they will have to do without many home-country comforts, and to accept, respect and even enjoy inconvenient customs and procedures.
Upon arrival in the country, the Japanese expatriate is assigned a mentor. This is usually a local person who will help the newcomer to settle in and get through the first year or so.
During their assignments Japanese managers or technicians are in constant contact with head office. They are kept up-to-date on any changes that take place during their absence and this reduces any worries about returning home. They also know that their foreign assignments are an integral step in their career plans.
Two-thirds of American companies have no formal training programs to prepare personnel for overseas work. The other third limit their training to an informational briefing just before departure, but with no simulation activities or question-and-answer sessions with host nationals. Furthermore, no attempt is made to involve the family in preparing themselves for their new environment. Many expatriate personnel are recalled because their spouse or children cannot adapt, and this creates immense pressure on the whole family.
One of the reasons why American companies are so reluctant to set up effective training and support programmes is that a trend has developed to replace expatriate personnel by host-country nationals. However, the increasing globalisation of business has led to a net increase in the number of Americans working overseas, in spite of the trend to replace them. This increase is likely to continue if American headquarters want to maintain and strengthen links with their overseas businesses.
Expatriate personnel may be divided into three categories, each with its own set of needs. Firstly, there are the short-stay technicians engaged in technical assistance or the transfer of technology. Because they rarely stay for more than a few months abroad their needs are mainly limited to techniques for survival. For example, they will need to know something of the uniqueness of the host-country culture and learn to engage in activities which make life in an alien land tolerable.
Secondly, there are the long-term expatriates whose needs go beyond pure survival. Learning to be effective is a major challenge, and this means knowing what to expect, how to read cues, and how to adjust one's management style to the foreign culture. Furthermore, learning to enjoy the foreign culture is essential in order to avoid culture fatigue.
The third type of expatriate is the foreign national coming to America, and they too have their own needs which must be met.
Any training programme must take into account the different needs of these three groups. It should also be specific to the country of assignment or, in the case of foreign nationals coming to America, the country of origin. Cultural differences encountered in France are very different from those in Russia, Nigeria or Saudi Arabia, and it is the instructor's job to identify these differences, explain why they might be problematic and teach the skills necessary to cope with them and, ultimately, to appreciate them.