MANAGEMENT INTERNAZIONALE Prof. Mario Carrassi 1 Introduzione Definition of International Management • International management is defined as a accomplishing the global objectives of a firm by: • effectively coordinating the procurement, allocation, and utilization of the human, financial, intellectual, and physical resources of the firm across national boundaries • effectively charting the path towards the desired organizational goals by navigating the firm through a global environment that is not only dynamic but often very hostile to the firm’s survival. process of AMBITO DI RICERCA DEL MANAGEMENT INTERNAZIONALE MARKETING INTERNAZIONALE ECONOMIA INTERNAZIONALE teorie e approcci per lo studio dei rapporti economici tra paesi diversi tecniche di marketing e di gestione delle relazioni con i sistemi di distribuzione nazionale ed internazionale MANAGEMENT INTERNAZIONALE gestione manageriale dell'impresa nei processi di internazionalizzazione e di globalizzazione STRATEGIA AZIENDALE gestione strategica, commerciale e organizzativa nelle imprese che operano nei mercati nazionali ed internazionali Strategia aziendale SISTEMA DI SCELTE ED AZIONI CHE CONSENTE ALL’AZIENDA DI RAGIUNGERE E DI MANATENERE SIMULTANEAMENTE E DINAMICAMENTE UN POSIZIONAMENTO SUL MERCATO DI SBOCCO, SUI DIVERSI MERCATI DI APPROVVIGIONAMENTO DEI FATTORI DI PRODUZIONE E RISPETTO AI SUOI PRINCIPALI STAKEHOLDERS. TALE DA ASSICURARLE UN VANTAGGIO COMPETITIVO DIFENDIBILE ED IL CONSEGUENTE RAGGIUNGIMENTO DEI TRE ORDINI DI EQUILBRIO: ECONOMICO, FINANZIARIO, PATRIMONIALE - PRINCIPIO DI ECONOMICITA’ - REQUISITI DI UNA STRATEGIA EFFICACE Indicare la direzione di marcia da seguire tanto nell’immediato quanto nel medio periodo Generare un tensione alla realizzazione della stessa. E’ indispensabile che la strategia sia efficacemente comunicata ai diversi interlocutori della cui collaborazione e consenso l’impresa ha bisogno. STRATEGIA AZIENDALE • Sistema di scelte • Scelte di fondo e non contingenti • Ricerca l’ottimizzazione delle relazioni con gli Stakeholders • Determina il posizionamento nel mercato domestico ed in quello internazionale e crea l’Immagine dell’azienda • Ricerca l’equilibrio simultaneo nei diversi mercati anche attraverso la delocalizzazione spaziale della catena del valore • Ricerca un equilibrio dinamico nelle componenti: economiche, finanziarie e patrimoniali dell’azienda • Determina le condizioni per la sopravvivenza o per lo sviluppo dell’impresa DIMENSIONI DI SVILUPPO SOSTENIBILE Dimensione Economica Economicità Dimensione sociale INNOVAZIONE Capacità di rispondere alle attese degli Stakeholders Dimensione competitiva Capacità di soddisfare i bisogni dei clienti FORMULA IMPRENDITORIALE PIENAMENTE VALIDA Successo organizzativo Successo Competitivo Successo sociale Successo economicofinanziario Una strategia efficace realizza l’equilibrio simultaneo di tutte le variabili Business Sustainability Social Economic Environmental Le strategie di sviluppo dell’impresa Crescita interna Attuata attraverso investimenti in fattori a fecondità semplice o ripetuta, finanziati con il ricorso a mezzi di origine esterna o all’autofinanziamento Crescita esterna Attuata mediante aggregazione che si traducono in forme di integrazione (fusioni, acquisizioni) o in forme di cooperazione non competitive (alleanze ed accordi interaziendali) Acquisizione di nuova tecnologia Ottimizzazione della localizzazione Atmosfera di cambiamento positiva per l’organizzazione Rapidità Crescita della quota di mercato Superamento di barriere all’entrata Facilità di finanziamento Convenienza Le strategie di sviluppo dell’impresa Economie di costo Integrazione a monte Economia di scala manageriali, Integrazione a valle Sviluppo orizzontale organizzative e finanziarie Sviluppo monosettoriale Economie di scopo Sviluppo verticale Diversificazione del irischio Nuovi prodotti per mercati tradizionali Nuovi prodotti con sinergie di marketing e/o tecnicoCostituita daingresso societàin facenti capo ad produttive, nuovi Sviluppo di attività non Sviluppo Espansione in altri Paesi di Strategie un’impresa dominante la diversificazione cui espansione mercati correlate con le attuali in polisettoriale con gusti dei consumatori avviene mediante la partecipazione, il termini di prodotti, mercati e omogenei controllo e la gestione di imprese operanti tecnologie in altri Stati Sviluppo internazionale Concentrica Orizzontale Conglomerativa Sviluppo internazionale del mercato Sviluppo multinazionale della gestione 1 Globalization the trend towards a more integrated global economic system Globalization Effects of globalization can be seen everywhere: • the cars people drive • the food people eat • the jobs where people work • the clothes people wear Globalization WHAT IS GLOBALIZATION? Globalization refers to the shift towards a more integrated and interdependent world economy. Globalization The Globalization of Markets Globalization of markets: the fact that in many industries historically distinct and separate national markets are merging into one huge global marketplace in which the tastes and preferences of consumers in different nations are beginning to converge upon some global norm. Examples: Sony Playstation Coca-Cola Citicorp credit cards McDonald's hamburgers Globalization The Globalization of Production Globalization of production: the tendency among many firms to source goods and services from different locations around the globe in an attempt to take advantage of national differences in the cost and quality of factors of production (such as land, labor, capital, and energy), thereby allowing them to compete more effectively against their rivals. Examples: Globalization THE EMERGENCE OF GLOBAL INSTITUTIONS Global institutions: • help manage, regulate, and police the global market place • promote the establishment of multinational treaties to govern the global business system Globalization Examples of Global Institutions: • World Trade Organization (WTO): responsible for policing the world trading system and ensuring that nations adhere to the rules established in WTO treaties • International Monetary Fund (IMF): maintains order in the international monetary system • World Bank: promotes economic development • United Nations (UN): maintains international peace and security, develops friendly relations among nations, cooperates in solving international problems and promotes respect for human rights, and is a center for harmonizing the actions of nations Globalization DRIVERS OF GLOBALIZATION Two macro factors underlie the trend toward greater globalization: • Declining trade and investment barriers • The role of technological change Globalization Declining Trade and Investment Barriers • After WWII, the industrialized countries of the West began the process of removing barriers to the free flow of goods, services, and capital between nations • Under GATT, over 100 nations negotiated further decreases in tariffs and made significant progress on a number of non-tariff issues Globalization • Under the WTO, a mechanism now exists for dispute resolution and the enforcement of trade laws, and there is a push to cut tariffs on industrial goods, services, and agricultural products • Removal of barriers to trade has contributed to increased international trade (the export of goods or services to consumers in another country), world output, and foreign direct investment (the investing of resources and business activities outside a firm’s home country) Globalization The volume of world trade and investment has accelerated since the early 1980s. Globalization The Role of Technological Change The lowering of trade barriers made globalization of markets and production a theoretical possibility, technological change made it a tangible reality. Globalization • Microprocessors and Telecommunications: Major advances in communications and information processing have lowered the cost of global communication and therefore the cost of coordinating and controlling a global organization • The Internet and the World Wide Web: Web-based transactions have grown from virtually zero in 1994 to nearly $7 trillion in 2004 . In 1990 - 1 million users, by 1995 - 50 million users, by 2007 - 1,3 billion users are connected to internet. • Transportation Technology: the most important developments are probably development of commercial jet aircraft and super freighters and the introduction of containerization, which greatly simplifies trans-shipment from one mode of transport to another Globalization Implications for the Globalization of Production • Improvements in transportation technology have enabled firms to better respond to international customer demands •Dispersal of production to geographically separated locations became more economical Globalization Implications for the Globalization of Markets • Electronic global marketplace • Managers today operate in an environment that offers more opportunities, but is also more complex and competitive than that of a generation ago • Reduction of cultural distance between countries and some convergence of consumer tastes and preferences. Globalization THE CHANGING DEMOGRAPHICS OF THE GLOBAL ECONOMY In the 1960s: • the U.S. dominated the world economy and the world trade picture • U.S. multinationals dominated the international business scene • about half the world-- the centrally planned economies of the communist world-- was off limits to Western international business Globalization The Changing World Output and the Changing World Trade Picture • In the early 1960s, the U.S. was the world's dominant industrial power accounting for about 40.3 percent of world manufacturing output • By 2007 the United States accounted for only 20.7 percent • Rapid economic growth is now being experienced by countries such as China, Thailand, and Indonesia • Further relative decline in the U.S. share of world output and world exports seems likely • Forecasts predict a rapid rise in the share of world output accounted for by developing nations such as China, India, Indonesia, Thailand, and South Korea, and a decline in the share by industrialized countries such as Britain, Japan, and the United States Globalization The changing picture of world output and trade Globalization The Changing Foreign Direct Investment Picture • The share of world output generated by developing countries has been steadily increasing since the 1960s • The stock (total cumulative value of foreign investments) generated by rich industrial countries has been on a steady decline • There has been a sustained growth in cross-border flows of foreign direct investment • The flow of foreign direct investment (amounts invested across national borders each year) has been directed at developing nations especially China Globalization The stock of FDI by the world’s six most important national sources. Globalization The Changing Nature of Multinational Enterprises A multinational enterprise is any business that has productive activities in two or more countries. The Rise of Mini-Multinationals • The number of mini-multinationals (small and medium-sized companies) is on the rise Globalization • Expect the growth of new multinational enterprises (any business that has productive activities in two or more countries) from the world's developing nations The Rise of Mini-Multinationals • The number of mini-multinationals (small and medium-sized companies) is on the rise Globalization The Changing World Order • The collapse of communism in Eastern Europe represents a host of export and investment opportunities for Western businesses • The economic development of China presents huge opportunities and risks, in spite of its continued Communist control • Mexico and Latin America also present tremendous new opportunities both as markets and sources of materials and production • Firms must be aware that while the more integrated global economy presents new opportunities, it also could result in political and economic disruptions that may throw plans into disarray Defining Sustainability Sustainable development is development that seeks to meet the needs and aspirations of the present without compromising the ability to meet those of the future. (WCED 1987, p.40) World Commission on Environment and Development (1987). Our common future. New York: Oxford University Press. Population Growth United States: The Revis family of North Carolina Food expenditure for one week $341.98 Ecuador: The Ayme family of Tingo Food expenditure for one week: $31.55 Chad: The Aboubakar family of Breidjing Camp Food expenditure for one week: $1.23 Business and Sustainability Civil Society Governments Primary roles Primary roles Watchdogs, critics, protect people’s rights, well being and the commons Enforcers, providers, preserve order, represent citizens Corporations Primary role Innovators, doers, deliver value to shareholders, support to customers So what is a (environmentally)sustainable enterprise ? • Its rate of use of renewable resources should not exceed their rate of regeneration. • Its rate of use of non renewable resources should not exceed the rate at which sustainable renewable substitutes are developed. • Its rate of pollution emission should not exceed the assimilative capacity of the environment. Daly, H. E. (1991). Steady-state economics (2nd ed.). Washington, D.C.: Island Press. © UniSA 2010 And yet... Friedman perspective •The only business of a business is to be profitable business Yet again... Stakeholder perspective... • Freeman’s stakeholder perspective... Consumers Community Competitors Legal Systems Government Various Interest Groups Firm Employees Financial institutions Media Scientific Community Suppliers Shareholders And yet again... Porter argues... •The business of a business is to be sustainable business Emergent sustainability challenges… Social Environmental Sustainability and Ethics: Sustainable business, at its core is about ethical business are resources owned? • How • By whom are they used? • To whom do the benefits flow? • Does the process of using resources give rise to externalities? • And whom do these externalities impact? • Does the pattern of resource usage have implications for future resource usage? The perspective of markets Ethical consumerism Green consumerism © UniSA 2010 A sustainable society and a fulfilling life Globalization THE GLOBALIZATION DEBATE Is the shift toward a more integrated and interdependent global economy a good thing? Anti-globalization Protests • Anti-globalization protesters now turn up at almost every major meeting of a global institution • Protesters fear that globalization is forever changing the world in a negative way Globalization Globalization, Jobs, and Incomes • Critics of globalization worry that jobs are being lost to lowwage nations • Supporters of globalization argue that free trade will result in countries specializing in the production of those goods and services that they can produce most efficiently, while importing goods and services that they cannot produce as efficiently Globalization Globalization, Labor Policies, and the Environment • Critics of globalization argue that that free trade encourages firms from advanced nations to move manufacturing facilities offshore to less developed countries with lax environmental and labor regulations • Supporters of free trade point out that tougher environmental regulation and stricter labor standards go hand in hand with economic progress and that foreign investment often helps a country to raise its standards Globalization Globalization and National Sovereignty • Critics of globalization worry that economic power is shifting away from national governments and toward supranational organizations such as the World Trade Organization (WTO), the European Union (EU), and the United Nations Globalization Globalization and the World’s Poor • Critics of globalization argue that the gap between rich and poor has gotten wider and that the benefits of globalization have not been shared equally • Supporters of free trade suggest that the actions of governments have made limited economic improvement in many countries Globalization MANAGING IN THE GLOBAL MARKETPLACE Managing an international business (any firm that engages in international trade or investment) is different from managing a domestic business because: • countries differ • managers face a greater and more complex range of problems • international companies must work within the limits imposed by governmental intervention and the global trading system • international transactions require converting funds and being susceptible to exchange rate changes Chapter 1: Globalization CRITICAL DISCUSSION QUESTIONS 7. Read the Country Focus in this chapter on the Ecuadorian rose industry, the answer the following questions: a) How has participation in the international rose trade helped Ecuador’s economy and its people? How has the rise of Ecuador as a center for rose growing benefited consumers in developed nations who purchase the roses? What do the answers to these questions tell you about the benefits of international trade? b) Why do you think that Ecuador’s rose industry only began to take of 20 years ago? Why do you think it has grown so rapidly? c) To what extent can the alleged health problems among workers in Ecuador’s rose industry be laid at the feet of consumers in the developed world and their desire for perfect Valentine’s Day roses? d) Do you think governments in the developed world should place trade sanctions on Ecuador roses if reports of health issues among Ecuadorian rose workers are verified? What else might they do to improve the situation in Ecuador?