International managers in the UAE
International managers in the UAE
The Dubai food 2014 festival is the global leading annual food and hospitality trade show. This event has occurred for over five years and takes place in the February every year. This year Dubai food 2014 festival is expected to promote various sectors in the UAE. This is so because Dubai food 2014 festival features more than 20,000 brands, 120 nations, 4500 exhibitors and over 80, 000 visitors (Dubai food 2014 festival, 2014). The paper will focus on how Dubai food 2014 festival might affect international managers, especially executive managers in the UAE.
In order to participate in Dubai food 2014 festival international managers are expected to pick strategic options, which will enable them to thrive in the UAE market. This is so because various international managers are trying to participate in this event to promote the economy of their countries. Since the Dubai food 2014 festival is a national event, it might attract political risks such as civil unrest, terrorism, which can affect the progress of the executive managers in the UAE market. The economic risks such as exchange rate exposure can affect the transactions of the executive managers in the event. The international managers may face challenges in understanding the business Dubai food 2014 festival in the UAE. This is so because the political system, institutions as well as government and economic policies tend to change during this event.
The cultural elements such as language, religion and social structure and attitudes will affect the international managers trying to participate in the Dubai food 2014 festival. This is so because language presents particular difficulties when venturing the UAE market due to various nations that will attend the festival. These nations have diverse culture and language that might affect the smooth interaction of international managers in the event.
Another critical issue that has an effect on international managers in the UAE market is maintaining business ethics during the Dubai food 2014 festival. This is so because things are done differently during the Dubai food 2014 festival. Many of these differences will confront the ethics of the international managers. This is so because international managers will find it hard to match the actions during the Dubai food 2014 festival, which is considered as a cultural event in Dubai (Staff, 2014). Although the international managers need to be open to cultural differences, it does not mean he or she must accept the event standard for behavior as correct in all situations.
Similarly, the international managers may be affected by the foreign corrupt practices during the Dubai food 2014 festival. This is so because most local firms may pay bribes in order to obtain contracts in the Dubai food 2014 festival. This will affect the intended international manager from winning the contract because it is given to the local firms which give the highest bride. This is so because the officials in the UAE market, including those in charge of the Dubai food 2014 festival believe it is vital to make payoffs to the firm that secure a contract. Since the information tends to change significantly during this event, it is vital for the international managers keep it up to date and study the trends to obtain a clear picture of the Dubai food 2014 festival. This will reduce the challenges that may occur in the festival event.Therefore, Dubai food 2014 festival might affect international managers, especially executive managers in the UAE.
Dubai food 2014 festival (2014, February 23). Food Festival | Gulfood 2014. Retrieved March 13, 2014, from the http://www.dubaifoodfestival.com/events/featured- events/gulfood-2014/
Staff (2014, February 27). 430 boats worth Dh1.8bn on show - Emirates 24/7. Retrieved March 13, 2014, from http://www.emirates247.com/news/emirates/430-boats- worth-dh1-8bn-on-show-2014-02-27-1.539714