Strayer University Keys to Success in Multinational Companies Essay

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Scenario

It is widely known that knowledge management systems are key to success in multinational companies. Imagine that you are vice president of a company that is ramping up to go global.

Your task is to design a comprehensive best-practices policy list for managing existing knowledge and any new knowledge as it becomes available. The best-practices policy should include a task list that will help your company handle unexpected events such as earthquakes, demonstrations, and bomb threats, as well as mundane issues of conducting business in any country or countries into which you will be expanding. The policy list should also consider any unique challenges that your company may face.

Preparation

Build upon the chosen global company/industry in prior assignments.

Note: You may make all assumptions needed to complete this assignment.

Instructions

Write a 5–7 page policy from the position of a global strategic manager (CEO) in which you:

1. Develop an innovative comprehensive best-practices policy that includes the following:
   1. Sanitation (hand-washing, toilet facilities, and the like).
   2. Eating and drinking (at desks, on the company grounds, inside in the manufacturing area at designated locations, et cetera).
   3. Conflict resolution (mediation and/or arbitration with designated mediator on staff, et cetera).
   4. In-house team leadership and meeting management (for example, minimum meeting times, scribes, appointed leaders).
   5. Online team (such as 24-hour coverage on phone due to time differences).
   6. Security (for example, leaving doors open, locks, key return policy for departing workers).
   7. Emergency evacuation procedures.
2. Determine the key benefits of creating such policies for both the expatriates and leadership of the company.
   1. Provide a rationale for your response.
3. Speculate the major ramifications if such policies are not created (risk mitigation efforts).
   1. Provide a rationale for your response.
4. Predict the significant ways in which the best-practices policy that you created will contribute toward the long-term sustainability of the company.
   1. Provide a rationale for your response.
5. Determine whether your best-practices policy would provide a competitive advantage over other international companies.
   1. Provide one example of a company’s best-practices policy to support your response.
6. Use at least three sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. For help with research, writing, and citation, access the library or review library guides.