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This week you begin building your Best Practices Manual as your Course Project. Note: A “best practice” is stated in higher management level terms, whereas a “best technique” is stated in specific terms. For example, a “best practice” might be to stay in touch with team members, while a “best technique” might be to keep connected with team members through a team Facebook page. Determine and describe 10 best practices for managers competing in the global environment, challenged with diversity, global economics, and social responsibility. Upload your 10 best practices to the drop box and place these best practices in the first section of your Course Project Microsoft Word document, titling the section Best Practices for Managing in the Global Environment. Support your best practices with Internet research and your personal experience.
(Practical Application): You are starting a new company to compete in the mobile phone market. You have sold stock for $10 million, which gives you $10 million in cash to begin your venture. In which areas will you invest this money to get your business started? Which country, or countries will you locate your headquarters, factory, and sales offices? Your answers must be supported by Internet research and must be defended, showing the business logic that went into your decisions.
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