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The Global Market Sphere Has Gone Through A Wide Range Of Socio Economic And Political Transitions

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The contemporary global market sphere has gone through a wide range of socio-economic and political transitions and transformations over time so as to fit and match the ever changing market trends, change of human needs and lifestyle and the quest to remain relevant and efficient within the competitive and dynamic global market (Keillor, B. D. 2014). Global commercial changes occur very swiftly with new developments in place, inventions, and innovations more changes are still expected to take place within the market domain. Commercial entities have also constituted to the massive global market advancements in the way they adopt, integrate and implement modern market operations and interventions, they have equally succeeded in widening …show more content…

Q1. A corporation’s structure and culture are two major correlated factors within an organization setting whose combination enhances long-term achievements and sustains substantial economic competitive benefits. Both factors reflect much on organization’s performance and productivity since they are the main points of strength or weakness of the entity based on how they are integrated and managed within the organization’s system, they also help in building and fostering competitive benefit and accomplishment (Contreras, C. 2014).
Corporation’s structure determines the firm’s business transactions taking place, how the corporation identifies matters of concern and focus on addressing them and the power hierarchical system of the entity. Organizational culture, on the other hand, determines the manner in which the organizational stakeholders react to potential and actual challenges in their place of work, their routine performance and interplay amongst themselves and to other factors within the workplace.
The organizational structure plays very significant roles within the organization so as to foster beneficial and successful outcomes. The organizational structural performance, therefore, includes; first, the power and

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