Keys to Success in Multinational Companies
It is widely known that Knowledge Management Systems are the key to success in multinational companies. Imagine that you are a Vice President of a company that is ramping up to go global.
The industry I have chosen for this paper is:
Note: You may create and / or assume all necessary assumptions needed for the completion of this assignment.
You have been tasked with designing a comprehensive best practices policy list geared towards managing existing knowledge and any new knowledge as it becomes viable. The best practices policy should include a compiled task list that will help your company to handle not only the regular issues of conducting business within a foreign country, but also the unexpected events (e.g., earthquakes, demonstrations, bomb threats, etc.), no matter the country or countries into which you will be expanding. The policy list should also take any unique challenges that your company may face into consideration.
Paper content requirements:
Design a comprehensive best practices policy list that includes policies on the following:
Sanitation (e.g., hand washing, toilet facilities, etc.)
Eating and / or drinking (e.g., at desks, on the company grounds, inside in the manufacturing area at designated tables / areas, etc.)
Conflict resolution (e.g., settling disputes, mediation and / or arbitration with designated mediator on staff, etc.)
In-house teams (e.g., minimum meeting times, scribes, appointed leaders, etc.)
Online team (e.g., 24-hour coverage on phone due to time differences, etc.)
Security (e.g., leaving doors open, locks, key return policy for departing workers, etc.)
Emergency evacuation procedures
Determine the key benefits of creating such policies. Provide a rationale for your response.
Speculate on the major ramifications if such policies are not created. Provide a rationale for response.
Predict the significant ways in which the best practices policy that you created will contribute towards the long-term sustainability of the company. Provide a rationale for response.
Determine whether or not your best practices policy would provide a competitive advantage over other international companies. Provide one (1) example of a company using a best practices policy to support response.
Use at least four (4) quality academic resources in this assignment.