How Does Management Impact Globalization?

The authors review the literature, outlining some examples of miscommunication in international business. Also noted are some responses to these challenges, where businesses have been forced to adapt their practices to the local market. The final sections of the article outline presumably from an American perspective some of the subtleties of conducting business in foreign countries like England, Germany and Japan. The primary conclusion of the paper is that companies need to ensure that international employees have an appropriate level of intercultural knowledge and sensitivity.

Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables.

For avoiding failure, expatriate managers must have certain competencies. Here the competencies to ‘handle stress’ and ‘cultural adaptability’ are discussed. Ability to handle stress is an essential competence that all successful managers must have. Expatriate mangers experience stress due to the culture shock, unhappy family settings, work load, increased responsibilities and due to difficulties of everyday expatriate life. If the manager is competent to manage stress using sufficient stress management techniques, he will be able to control the situation and can become a successful manager. Another important competency required for the expatriate managers is cultural adaptability. An expatriate manage can perform well abroad if he has the competency to adapt to multi-cultural environments. If they have competence of cultural adaptability, they can easily develop a global perspective for their business. Such expatriate managers are able to recognize cross-border opportunities and can identify risks with a global perspective.

Since the beginning of time when Adam and Eve left the garden, people have been increasing the geographic realm of their economics, political, social and ethnicity contacts. People begin connecting with other nationalities all of the world. This relationship provide wealth and progress along with adverse disputes within the relationship of countries (MacEwan, 2001). There are many reasons why companies covet to develop their business to other countries.  There are many difficulties and a wide-range of benefits when a company expands globally outside of their cultural. When a company conduct business outside of their zone; research is required, patients,

Cultural differences and the management practices and processes of a firm frequently differ across national and international boundaries, as managers increasingly find themselves working across cultures, the need to understand these differences has become increasingly important (Nardon, SanChez-Runde & Steers, 2010). There is also a need not only to appreciate that cultural differences exist but also to appreciate what such differences mean for international business. International business differs from national business due to the profound differences in social structure, religion, language, education, economic philosophy and political philosophy (Hill, 2013). The different extents to which organisational practices are adapted to the

Deresky (2011) defines international management as “the process of planning, organizing, leading, and controlling in a multinational or cross-cultural environment” (p. 458). Miroshnik (2002) suggests that although the economic and physical environments certainly are important issues in multinational business, the cultural environment has a special importance in multinational business. Therefore, it is essential for international managers to understand the notion of national culture, as it influences how managers and employees of a particular nation make decisions and interpret their roles. As a result, differences between national cultures not only can create important

With advances in communication, technology, and business; globalization is growing at an exponential rate. In business globalization means that organizations and managers need to adapt to the needs, customs, laws, and cultures of different countries throughout the world. Through the promotion of diversity, understanding, and good ethics this can be achieved. It takes commitment from the highest levels of management on down to ensure that an organization is dedicated to conducting their business in an ethically and socially responsible manner.

The importance of international manager is very important specially in the case of business contexts within the firm. For example, managers from a foreign parent company need to understand that local employees from the host country may require different organization structure and HRM procedures and this become easily for firms to sell their product and marketing their product successfully to their foreign customers.

The collapse of international economic boundaries, rapid changes, workforce mobility and diversity, and the economic interdependence of countries is what is popularly known as Globalisation. This phenomena poses difficult challenges to everyone especially mangers to reassess their capabilities and get ready to manage internationally. The need arises from the fact that traditional management skills are designed to manage only in local environment which is comparatively static and non changing. Contrarily international business environment is highly volatile, and rapidly changing. The skills meant for local environment will thus be insufficient if one

The business world heavily relies on globalization. In order to remain competitive in their respective markets, corporations need to branch out to other countries, capturing more of the market share. This will not only cost a company a large amount of cash, but it also stresses their employees. Firms need to ensure they are sending the right managers to their offshore locations, or they could face dire consequences in both market share and employee attrition rates. Emphasis must be placed on properly training managers how to interact with citizens from the target country. This will ensure employees and customers are approached in the appropriate manner, quality employees are properly trained and retained, and companies’ expansions are possible.

Due to the rapid development of economics and also increase in the globalisation the multinational firms are becoming more prevalent. The challenges that the present managers of these multinational firms are facing are due to intercultural communication. Many researchers say that the differences in the culture eventually influence the communication, performance and management of the organization. Organizations that are planning to expand their business in the international countries have to face various cross-cultural challenges.

Managers all over the world wear many hats in their role as being a “manager”, and are much more than simply what their job title suggests. Over the last few decades, technology has greatly advanced and machines have severely cut down the need for physical labor in many industries. As a result of this evolution into more of a service-oriented world, the style of management has morphed from the traditional hierarchical method of top managers imposing an organization’s competitiveness on the shoulders of lower-level managers and employees while expecting them to carry out the company’s ideas and meet objectives with loyalty and obedience, into more of a contemporary method of lower-level managers and employees being empowered to take initiative, carry out decisions, and contribute to the success of the organization proactively while upper management offers support and guidance (Carpenter, Bauer, & Erdogan, 2010a, pg. 10-11).

Abstract The goal of this paper shall be to examine the tools and skills used by managers functioning in a business operating on a global scale. This essay will also touch on the impact of managers and their decisions on the globalization of business as a whole. Managers of today require aptitude in the use of technology, understanding of culture, and implementation of certain skillsets in order to be successful. This paper will draw from the text of Carpenter, Taylor, and Erdogan (2009) as well as the work of Griffith and Hoppner (2013) on marketing management of global businesses to highlight the expertise required to motivate and lead a team across all cultural and language boundaries. By using the expanding options available to management today, leaders in global business can solicit the best, highest quality results from their teams. MANAGEMENT IN THE GLOBALIZATION OF BUSINESS 3 Management in the Globalization of Business Technology, Culture, and Skillset Management styles and techniques of recent decades have been forced to change in order to accommodate the growing footprint of a business’s reach. While small business can continue to thrive in the current economic environment, it could be argued that in order to gain the highest level of success, a business needs to be able to break free of geographical boundaries. In doing so, a business can offer their products/services to a larger number of people while also gaining benefits of international trade. Key contributors

A Multinational corporation is a corporation that does business in two or more countries. It has its home base in its own country, but has branches or subsidiaries in other countries. Their home base is the company’s identity. For example

This essay is about the impact of management on the globalization of business. The impact of management will be on the following management topics: the multinational corporation; culture shock experienced by managers who work abroad; fair trade issues; ethical issues faced by managers in dealing with international business; the difference managerial styles in selected countries (for example Japan vs. the U.S. or Saudi Arabia vs. the U.S.); and the managerial culture of a selected country.