Abstract
Managing diversity is the hallmark of an international business. International organizations deal with diversity in multiple task environments: culture, communication, operating, technology and supply chain. International organizations are integrated with global and host country local economies and systems. They need to continuously improve the supply chain effectiveness of their global operations to further their competitive position. The effective management of diversity will improve supply chain performance in procuring services, raw materials, components and sub-assemblies.
Highlights
The management of diversity in supply chain management is a vital component of a multinational corporation’s (MNC) corporate strategy, and it is an important component of US economic growth
The paper addresses the challenge to an MNC in dealing with diversity as it operates in diverse country cultures and task environments
When considering the challenges of managing diversity in international supply chains, we look to the international management literature for clues for formulating effective managerial strategies to deal with diversity
Summary
The management of diversity in supply chain management is a vital component of a multinational corporation’s (MNC) corporate strategy, and it is an important component of US economic growth. The need for effectiveness in managing diversity applies to small firms as they reach out to outsource internationally to compete on price and other attributes, such as features, raw materials and favorable delivery terms Smaller firms, with their greater numbers relative to MNCs, play important roles in the US economy. New and young businesses are often under-resourced compared with the established larger MNCs. Small firms are often in the process of building effective supply chain networks and develop a constellation of effective strategies in their diverse multi-national environments. Small firms are often in the process of building effective supply chain networks and develop a constellation of effective strategies in their diverse multi-national environments In this context, it is worthwhile to examine the process of international outsourcing and the impact of continuously improving the supply chain management of an entrepreneurial firm as well as those of established small businesses. Managing diversity is a critical factor for enhancing competitive advantage
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