Key Issues or Opportunities for Management †MyAssignmenthelp.com

Question: Discuss about the Key Issues or Opportunities for Management. Answer: Issues In contemplating whether to go international, Consolidated Pastoral Company must consider the impact different cultural orientations will have on its business. In line with this, the cultural analysis by Hofstede will be of significant help, in helping the recruitment and training of managers and other employees to work in the proposed new markets (Hofstede, 2011). The role of regulations is not always negative. In many instances, regulations are formulated so that they can help protect local industries. They may also be employed to enhance the quality of goods and services, and thereby build a strong brand of both the country and its local industries. Efforts to review regulations must therefore consider this. In the case of international regulations, the company must apply its expertise and other resources to meet applicable regulations issued by other governments. It should also see how it can make these regulations into advantages where possible (Loayza, Oviedo Seven, 2005). Sustainable development means that while the current generation meets its current developmental goals, it does not jeopardize the ability of future generations to do the same. To achieve this, the company must ensure that its activities do not harm the environment. It must also ensure that it has applied necessary tools to encourage environmental conservation, including environmental reporting. To give back to the society for the privilege of being allowed to work within it, the organization should embark on an active corporate social responsibility programme (Dogaru, 2013). Opportunities Going international provides an excellent opportunity for the company to go beyond its current market and sell to a wider range of customers. This is likely to result in bigger profit margins, and greater brand recognition and value. The company will benefit from a strong Australian brand in terms of beef and dairy products, close proximity to mainland Australia, and the presence of existing agreements between Australia and Indonesia. These will help secure local and government support for the venture. The company must ensure it has built the necessary capacity so that it can properly take advantage of this opportunity. By going international, the company will be open be able to lower its costs of production. This will be due to the availability of cheaper labor and raw materials. At the same time, if it were to establish manufacturing plants at the source of raw materials, additional transport and logistics costs will be eliminated. References Hofstede, G. (2011). Dimensionalizing Cultures: The Hofstede Model in Context. Online Readings in Psychology and Culture, 2 (1). DOI:10.9707/2307-0919.1014. Loayza, N., Oviedo, A., Serven, L. (2005). Impact of Regulations on Growth and Informality: cross country evidence. New York: The World Bank. Dogaru, L. (2013). The importance of environmental protection and sustainable development. Procedia- Social and behavioral Sciences, 93, 1344-1348.