Why Do Companies Need A Changing Business Environment?

In this report I am going to define the meaning of Globalisation and assess the impact of globalisation on the way the business operate.

Globalization has influenced the way our world works today. This is the process of international business. Many of the items we are using at this very moment are imports, products produced in another country. Many businesses today rely on exports, products produced in their home country and shipped to other nations. Every country relies on imports and exports. Wether a firm is expanding to another nation or uses imported goods, international business is always involved and will affect the business model. Factors that will affect and alter the international marketplace such as, trade agreements and alliances, exchange rates, and foreign competition.

Businesses continually adapt to a changing environment to maintain their market position (Appelbaum, Habashy, Malo, & Shafiq, 2012; Biedenbacha & Soumlderholma, 2008). Change is inevitable considering the current rate of technological advancement and the growth in global competition (Appelbaum et al., 2012; Armenakis & Harris, 2009; By, 2007). Increasing competition and the need for strategic flexibility and globalization is affecting almost every organization today, regardless of size, market, focus, and so on (Jaros, 2010).

The mankind is leaving in the era of changing. Whether we want or not, it is obviously that the present world is different compare with even 20 years ago. This world has become significantly connected and integrated. Globalization processes have affected all aspects of human’s life and a business has not been an exception. While these changes concern every person of the society it is still very important to obtain the knowledge which will remain him competitive and help him to be in trend. Even though the Globalization has some negative aspects for businesses, but it also gives such significant benefits as an opportunity to develop a business all over the world, changing and challenging the way of doing business through a new concept of management in a free world.

Every now and then disruptive events happen in the business world such a technological change, industry changes, market changes or even societal changes that greatly impact the continual success of a business. More so we live in era where these changes are only accelerating increasing uncertainty and the growing complexity of the business world. Economic power continues to shift eastward and different markets and trade linkages are emerging causing the boundaries between industry and sectors to blurring. Discontinuities and megatrends are an inherent part of today’s business environment and it is important the businesses assess the impact of both these concepts on their strategic objectives and daily operations of the business in order to stay ahead in today’s competitive environments. Most importantly CEO’s need to be at the head of the business’s strategic objectives to ensure that the business remain on track and able to quickly adapt to these changes in the environment.

The impact that globalization has and will have on the U.S economy continues to be one of the most debated economic issues of our times. Many people believe that due to the international trade there are less jobs and lower wages for people. International trade is important to the America economy, and to the economy of the world as whole, because neither the United States nor any other country in the world has everything that its people need and want. Globalization and international trade, come with a brighter view of the international trade and it has positive impact on economic growth of the United States.

Globalization nowadays is a very popular topic. With the rapid development of the economy, services and commercials trade between countries become more and more convent. The world becomes more and more like a global village. At the same time, it begins to have a deep influence on a company’s strategy plan which manager is involved in an international business market. In International Business: The Challenges of Globalization, I interested in PART 5 Chapter 2 Cross-Cultural Business. In my pervious business ethic course I learned a chapter about foreign assignment which an employee works in a foreign country and have a cultural issue. And in that course I did a research paper about foreign culture so I think these chapter is familiar with

The huge impact of globalization has caused some challenges in the world of international business. The major problem is the cultural differences among nations. Hofstede believed there is one common thing in all nations and it is called management. This term has different meanings in different countries. Globalization has afforded many opportunities for different countries to work together but it has also revealed some problems relating to the effectiveness of the managing of partnerships among different cultures.

What impacts on the economy has globalization made around the world? What is the positive in addition to the negative impacts of globalization?

With the increase in globalization, there is more communication occurring between people not only of the same culture but of different cultures, making clear communication more difficult with regards to the syntax of different languages. These different cultures all have varied ways of teaching their people with regards to education, societal norms, and their culture as a whole. Cultures may be similar in one value while at the same time, they can be complete opposites in another. It is because of these differences, misunderstandings can occur and can lead to high tension within the workplace. Whether in written or verbal form, this is why you cannot just divulge your thoughts and expect the intent to be understood by the recipient.

The research paper written in accordance with the impact of globalization on world business was written with reference to a rather generalized research paper on various business cycle synchronizations and financial integrations. This segment is in due correlation with how a business cycle could be improved for the betterment of the world economic upheaval.

In the past 100 years, the world has shifted enormously. Once, a world that only communicated when one nation was trying to take control of another, is now connected more than ever. This transformation began with the Industrial Revolution in a period from around 1760 to 1840. Thinking back to that time, we can easily think of noticeable differences between how the world was and how it is today. The United States was a small, developing country, still trying to overcome the effects of a costly revolution. Across the ocean, once the United States’ major rival, Great Britain, was still the greatest power in the world. And around the world, China and Japan were nowhere near the economic

As one of the most dominant organisational forms in global business environment, family businesses have been drawing attention among management scholars with a strong focus especially on “succession, performance, and governance” of these companies (Astrachan & Shanker, 2003; Zahra & Sharma, 2004). Although the first attempt to conduct research on family businesses can be traced back to Trow’s (1961) empirical study entitled “Executive succession in small companies” in which he investigated the factors that affect succession planning for top positions in small companies, its popularity has started to increase after 1980s (Benavides-Velasco, Quintana-Garcia, & Guizman-Parra, 2013). In their cluster analysis, Benavides-Velasco et al. (2013) have found that “succession”, “governance”, “organisation theory”, “SMEs”, “ownership”, and “human resources” are the main areas of research that have been studying in the existing family business literature. However, despite the growing interest in these topics, this field of research can be regarded as still a burgeoning field of inquiry and even considered to be in its infancy (Chrisman et al., 2008). The dearth of studies in this field can be attributed to the lack of a standardised definition of family business and its boundaries (Handler, 1989; Sharma, 2004). This lack has led to crucial challenges for distinguishing family- from nonfamily businesses (Astrachan, Klein, & Smyrnios, 2002). In an attempt to eliminate definitional

Management plays a crucial role in globalisation of a business, they do research and appoint qualified executives to help implement strategies and plans set by top management and chose the right style of management to manage the global business and strive in a competitive market. Manager of such global business are faced with many problem and issues, ethical issue and environmental issues, management of global business they learn from such problems.

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.