Economic Differences

It may sound intuitive, or commonplace, that the promotion of teams should be a prominent component of an organization’s strategic plan. However, when created and managed ineffectively, the utilization of teams can be met with indecision, incessant delays, conflict, dissention and eventually a dramatic loss in productivity. Compose an essay that address the following in relation to the formation and utilization of teams within an organization. Assume you have been appointed as the Plant Manager of a new 5,000 employee production facility to be opened in Saudi Arabia by a long-established European firm:First, as there are cultural, societal, and economic differences between European and Saudi Arabian firms, briefly summarize the key differences between operating a business/organization in Europe and Saudi Arabia.Second, the formation and utilization of teams is seen as central to the operational success of this new production facility in Saudi Arabia. As the leader of the endeavor, suggest a team model/theory you would implement to create and sustain a team-oriented culture in the production facility. Briefly define/describe the model/theory and its particular relevance in this endeavor.Finally, assess—in particular—how the use of this model will result in a more efficient and effective production facility (for instance, identify cites/sources that showcase how the use of teams results in a more efficient and effective operation).Directions:Write an essay that includes an introduction paragraph, the essay’s body, and a conclusion paragraph to address the assignment’s guide questions. Do not address the questions using a question-and-answer format.Your well-written paper should meet the following requirements:Be 5 pages in length, which does not include the title and reference pages, which are never a part of the content minimum requirements.Use academic writing standards and APA style guidelines.Support your submission with course material concepts, principles, and theories from the textbook and at least 5 current, scholarly, peer-reviewed journal articles. Current articles are those published in the last five years. for more information on Economic Differences check on this:https://en.wikipedia.org/wiki/Economic_inequality