what type of political, economic, and competitive challenges does MTV network international face by operating worldwide?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question

what type of political, economic, and competitive challenges does MTV network international face by operating worldwide? 

Expert Solution
Step 1

The difficulties in working in a worldwide organization incorporate dialects and societies, distinctive legitimate scenes, correspondence and innovation, and contrasting ecological concerns. 

Hardly any significant difficulties that MTV networks global appearances are: 

1) Understanding Other Languages and Cultures 

This is a serious test looked at by MTV and different organizations working around the world. 

The organization needs to set aside an effort to learn significant social contrasts if their business will prevail across borders. While red may mean risk in many puts on the globe, it is related with best of luck in China, so they should give advertising shading plan an alternate methodology while they market to the Chinese. Then, they ought to likewise need to put resources into learning the dialects of others or possibly have individuals on their groups, especially the client care group, that comprehend these dialects to assist them with associating with your clients. 

Likewise, they should consider the inclinations of the clients in the country they are working with the goal that they can pick the substance they are communicating. 

Then again, neighborhood organizations are as of now mindful of the inclinations, dialects, culture, and henceforth showcasing systems in their nations. This may give contenders a favorable position over them on the off chance that they don't comprehend the language, inclinations, and culture of the country they are working in. 

2) Human Resources 

This is a working test in working around the world. 

When taking business worldwide, it is imperative to consider how MTV Networks will meet the labor necessities for working in a far off country. They should enlist new colleagues which will require an extra venture. On the off chance that they choose to send a portion of the current colleagues to new worldwide business sectors, they need to represent the jobs that they will leave empty. 

3) The Legal Landscape 

This is a political test in working around the world. 

However long MTV's business crosses borders, they will be dependent upon numerous laws, charge rules, and various guidelines encompassing exchange distinctive countries. This consistency is trying as it changes from country to country and expects you to stay aware of various wards to guarantee your business is continually working inside the law. 

For instance, demonstrating sensual substance in the center east or other traditionalist nations like India will lead them to legitimate difficulty. 

Likewise, in numerous nations, ordinarily agricultural nations, there is an issue of defilement inside the bureaucracy and legislative issues. This makes issues in liaisoning with the authorization officials and lawmakers of that country. 

4) Cost figuring and worldwide estimating strategy 

This is another major serious test in working around the world. 

Setting the cost for items and administrations can introduce difficulties while working together abroad and ought to be another significant thought. They should think about expenses to stay serious, while as yet guaranteeing benefit. 

For example, the expense of work, promoting, and circulation (setting up actual telecom offices), just as edge, should be considered for their business to be productive. 

Then again, nearby direct administrators in that nation are now mindful of the situation and are in a superior situation to choose their cost of items and administrations. 

 

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Business law
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.