Problem:
1250-1500 words
Details:
Your director at Formulae, Inc. has asked you to submit a detailed memo to his operating committee that addresses the major challenges that may present themselves as the company targets its expansion into Guatemala first and then into Mexico. Your detailed memo for the operating committee should include the following:
Explain the challenges of managing a diverse, globally based workforce, which could include but are not limited to strains of overseas living and loss of face-to-face connections of friends and extended family.
Evaluate how various legal, political, economic, ethical, and cultural systems in United States, Guatemala, and Mexico will affect business attitudes, norms, behaviors, practices, and philosophies of Formulae and its employees.
Give a brief assessment of key differences in U.S., Guatemalan, and Mexican business and operational practices.
You are to use the library and other outside sources when providing your research.