“Training for Expatriate Managers – Practical Training”
The world economy has been taking a shift with international systems becoming the new norm in the market. With cross border taking place in the globe, companies have been forced to transform to create global companies that can be able to serve their international customers well (Hill & Hult, 2020). Globalization has increased the number of opportunities where firms have managed to expand revenues through the rise in political and economic trends. The increased rate of global trade has forced firms to employ efforts such as outsourcing of skilled employees and expatriate managers who are entrusted with different roles. Their involvement in these organizations is critical as it helps in managing business expansion both locally and internationally. The transformation of these industries calls for the need to seek ways of promoting trade activities by building good relationships with other nations.
Globalization of industries has created advancement in technology which calls for the need of having training programs to enhance their operations. The expatriate managers need to be well versed with the new technology to be able to compete favorably in the market. According to Armstrong and Li (2017), services need to be improved by creating training programs that will ensure that the managers are familiarized with technological tools and how to run and manage them. Different features such as e-commerce require that a training protocol is created which in this case, adapting to the digital landscape in the global market is one way of encouraging the expatriate managers to be productive at the workplace. Also, the gap that exists in developing tech advancement is a way of keeping all employees engaged and work confidently in the roles they are assigned within the countries.
Different sectors have as well advanced such as the introduction of transportation technology within the market sector. The development of this technology is one of the major innovations that has taken place to revolutionize the use of container business. Hill and Hult (2020) explain that this innovation is considered effective as it uses less cost in shipping goods at a long distance. International shipping industry benefits from this technology as it has worked to boost the volume of world trade at a higher rate. However, to manage this business, managers are required to understand how containerization of these goods takes place with and come up with ways of making it economical. To attract efficient gains, expatriate managers require training of the containerization process to understand what can be done to make the shipment of these goods cheap (Hill & Hult, 2020). Through familiarizing with these techniques, the managers will not only support the production of these markets but also enhance the globalization market.
Similarly, there has been an increase in the differences in growth rates in world trade and production, which has a direct effect on international business. As a result of these, nations are forced to look for ways of producing goods and services given that a higher production has been seen across national borders (Hill & Hult, 2020). As one way of supporting this trade, training should be implemented to enhance the knowledge the expatriate managers have when dealing with employees. These managers will come across a lot of customers while operating in other nations which increases the need for having cross-cultural training. This type of training works to encourage the employees to adapt to the new culture in the non-resident countries and encouraged them to understand the cultural codes (Vlajcic et al. 2019). In cases where these cultural differences are ignored, it can result in the meeting of wrong expectations in the market.
There has equally been a change in the global economy where rapid developments exist across nations. With an additional increase in the global economy, several barriers have come up that affect the flow of goods and services across developed nations. By comparing the economies with the previous generation, there has been a significant change with major players in the industries taking over the market by the creation of liberal economic policies. These policies have transitioned from being opposed during the earlier days to having them incorporated in the international business world (Hill & Hult, 2020). With these changes, multinational companies are expected to adopt them as a move that targets on implementing the economic system to the international business. It requires that both resident and non-resident managers understand these policies to be able to manage the companies without falling into economic barriers. Tahir (2018) explain that initiating a training program that exposes them to the existing economic policies is essential as it increases cross-border investment and international trade. Familiarization with these policies will force them to put them in action and use it to stimulate economic growth, increase consumer income and operate the global trading system effectively.
Armstrong, S. J., & Li, Y. (2017). A study of Anglo expatriate managers’ learning, knowledge acquisition, and adjustment in multinational companies in China. Academy of Management Learning & Education, 16(1), 1-22.
Hill, C. W & Hult, T. G. (2020). Global Business Today. McGraw-Hill Education.
Tahir, R. (2018). Expanding horizons and expatriate adjustment. Cross-Cultural & Strategic Management
Vlajčić, D., Caputo, A., Marzi, G., & Dabić, M. (2019). Expatriates managers’ cultural intelligence as promoter of knowledge transfer in multinational companies. Journal of Business Research, 94, 367-377.