Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A recommendation to solve the lack of planning and leading of managerial functions is Managers should be clear about their goals, take responsibility according to

A recommendation to solve the lack of planning and leading of managerial functions is Managers should be clear about their goals, take responsibility according to their job assignments, set an example, and encourage employees in a more positive way so that they can better invest in their work in order to improve their planning and leading of managerial functions and make the business successful again.

Justification the recommendation, your recommendation justification should link back to the same theory.(section must include research, citations)

image text in transcribedimage text in transcribed
As companies exit Russia en masse following the invasion of Ukraine, Asian brands have been conspicuously absent from the corporate exodus. Of the more than 370 global companies that have withdrawn, suspended or scaled back operations in Russia, the vast majority are headquartered in Europe or North America, including iconic brands such as McDonald's, Shell, Nike and Apple. With the exception of a handful of corporate giants from Japan, South Korea and Taiwan, Asian brands have larger opted to either cautiously remain in Russia or keep quiet about their plans. It was January of 1990 and McDonalds was opening its very rst restaurant in the Soviet Union, becoming one of the few Western companies to breach the Iron Curtain in its nal days as it slowly opened up to the world. "From the moment you stepped in, it was an entirely different experience than a Soviet restaurant. You were greeted with smiles and shouts of 'Can I help you?' Products were of consistent quality and always consumable. The burgers were hot!\" This was a culture shock to Soviet denizens, many of whom expressed confusion when staff would smile at them. "When I smile, people are asking what's wrong, they think I am laughing at them,\" one Russian employee at the McDonald's opening day in 1990 told a reporter. McDonald's President and Chief Executive Ofcer, Chris Kempczinski stated, "After more than 30 years of operations in the country, McDonald's Corporation announced it will exit the Russian market and has initiated a process to sell its Russian business\". Kempczinski further said, \"We have a long history of establishing deep, local roots wherever the Arches shine. We're exceptionally proud of the 62,000 employees who work in our restaurants, along with the hundreds of Russian suppliers who support our business, and our local franchisees. Their dedication and loyalty to McDonald's make today's announcement extremely difcult. CEO Chris Kempczinski said he was proud of all of the company's workers employed in Russia and that the decision was "extremely difcult.\" He also said that the employees will continue to be paid until the business is sold and that "employees have future employment with any potential buyer.\" The burger chain will now sell its business, saying that the \"humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment, have led McDonald's to conclude that continued ownership of the business in Russia is no longer tenable, nor is it consistent with McDonald's values. Chris Kempczinski further stated, \"We have a commitment to our global community and must remain steadfast in our values. And our commitment to our values means that we can no longer keep the Arches shining there.\" McDonald's will take a signicant write-off from exiting Russia between $1.2 billion to $1.4 billion. llama BaHn For Bakhti Nishanov, a Eurasia specialist who grew up in the Soviet Union, the departure is oddly emotional. \"This has a massive symbolic importance: McDonald's coming to Russia, then part of the Soviet Union, was an implicit signal to the world that Russia is open for business. The company leaving Russia is an explicit signal that the country is no longer a place you want to be in as a business\". Not all Russians feel bad about the golden arches leaving. Russian influencer and comedian Natasha Krasnova wrote in an Instagram post in March that was viewed more than 5 million times "Hello Americans ... We want to thank you for all your sanctions, for taking away from our country Coca Cola, KFC, Mcdonald's and all that sh--. Now by summer we will be healthy, strong and without ass fat". Many Russians have encouraged replacing Western chains with Russian-made brands, and at this point are perfectly capable of making their own burgers and other fast food products. There has also been a push by some to ditch American-style food as a whole in favour of local dishes, as much of the country rejects Western symbols out of patriotism. After the fast-food chain closed a grand total of 847 restaurants in Russia, totally leaving the country from a business perspective, the Russian government has renamed all the previously Mcdonald's branded restaurants as 'Uncle Vania

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope

1st Edition

0137689454, 9780137689453

Students also viewed these General Management questions

Question

=+b) Is this a prospective or retrospective study? Explain.

Answered: 1 week ago