Keys to Success in Multinational Companies

 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.

Write a six to eight (6-8) page paper in which you:

  1. Design a comprehensive best practices policy list that includes policies on the following:
    1. Sanitation (e.g., hand washing, toilet facilities, etc.)
    2. Eating and / or drinking (e.g., at desks, on the company grounds,  inside in the manufacturing area at designated tables / areas, etc.)
    3. Conflict resolution (e.g., settling disputes, mediation and / or arbitration with designated mediator on staff, etc.)
    4. In-house teams (e.g., minimum meeting times, scribes, appointed leaders, etc.)
    5. Online team (e.g., 24-hour coverage on phone due to time differences, etc.)
    6. Security (e.g., leaving doors open, locks, key return policy for departing workers, etc.)
    7. Emergency evacuation procedures
  2. Determine the key benefits of creating such policies. Provide a rationale for your response.
  3. Speculate on the major ramifications if such policies are not created. Provide a rationale for your response.
  4. 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 your response.
  5. 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 your  response.
  6. Use at least three (3) quality academic resources in this  assignment. Note: Wikipedia and other similar websites do not qualify as  academic resources.

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