More handpicked essays just for you.
Importance of cultural differences in business
Importance of cultural diversity in an organisation
Define globalization
Don’t take our word for it - see why 10 million students trust us with their essay needs.
The paper focuses on the increased complexity of globalized organizations and methods of altering the process within the structure. Business and environment change constantly to sustain development in emerging markets and increase efficiency. Integration of relationships and processes of the world systems, help to manage local, regional and planetary balance to manage duplication of success become conceivable. The retail giant Wal-Mart exhibits its ability to transform the organization asynchronously with the increase integration of globalization.’ Wal-Mart unveils the type of integration possible between globalization, and business services as it adapts, eliminating redundancies and repetitive movement. It observes the effect and influence, propagated on business through it use of supply chains, and influence.
Key words: Expansion, Risk, Globalization, Influence
Globalization and Organizational Structure
Globalization remains a pivotal topic in many schools of thought, and continues being a topic of controversy even in local economies today. Perhaps the reason for this is integration and competitiveness the world over. Conceivably, even more than integration, is the competitiveness of organizations, has possibly facilitating the fascination and misconception about of globalization. Nevertheless, globalization has brought about a number of effects influencing the design and geographical location of the organization. However, globalization has effectively placed the world in a bubble, or maybe one could equate the changes to being placed in an envelope.
In earlier years, organizations relied on traditional forms of communication; they are perhaps considered primitive means on this day. These forms of communication ...
... middle of paper ...
.../content/jun2009/gb2009068_435509.htm
Grant, R. M. (2010). Contempemporary Strategy Analysis (7th ed.). West Sussex, UK: John Wiley & Sons, Ltd.
Greenwood, R., & Miller, D. (2010). Tackling Design Anew: Getting Back to the Heart of Organization Theory. Academy of Management Perspectives, 24 (4), 78-88.
Oesterie, M. J., Richta, H. N., & Fisch, J. H. (2012). The influence of ownership structure on internationalization. International Business Review, 22(1), 187-201.
Simon, W. (2013, October 16). Memo:To: All Wal-Mart US and Home Office Associates.
Strauss, S. (2004, May 17). Globalization is good for (small) business. Retrieved February 6, 2014, from http://usatoday30.usatoday.com/money/smallbusiness/columnist/strauss/2004-05-17-globalization_x.htm
Wal-Mart (2012). Corporate.Wal-Mart .com. Retrieved February 21, 2013, from http://corporate.Wal-Mart .com/
In the past, communications primarily consisted of phone calls or typed messages put onto a bulletin board. Meetings were held in conference rooms with information and ideas being exchanged by conversation and on whiteboards or flip charts on easels (Burg, 2013). Phone calls were generally a one-to-one way to exchange ideas and information with some organizations using conference calls, where multiple people could talk and listen during one call. These ideas and communications were then spread throughout the organization by memos and word of mouth. In some cases, members of an organization never received the intended messages. When using these methods of communication, information was spread at a slower and sporadic pace in an organization.
and development: essential foundation for U.S. competitiveness in global economy. Retrieved January 30, 2008 from http://www.nsf.gov/statistics/nsb0803/nsb0803.pdf
A multinational corporation is an entity that its headquarters is based in one country and incorporates a group of organizations that are geographically distant and have various goals. "Such an entity can be conceptualized as an inter-organizational network that is embedded in an external network consisting of all other organizations such as managers, customers, suppliers and regulators"(Ghoshal & Barlett, 1990). As the organizations develop and find their way into significant growth they are inclined to identify the goals, perspectives, assimilation, and rules of their framework. The role of the managers in such entities is to coordinate organizations that work in various cultures and environments, in which the levels of involvement, diversity,
Lorsch, J. W. (1987), “Organisation Design: A Situational Perspective”, Academy of Management Review, January Issue, pp. 117 – 132.
When the term “Globalization” is discussed, most academics, scholars, professionals and intellectuals attempt to define and interpret it in a summarized fashion. My main concern with this approach is that one cannot and should not define a process that altered decades of history and continues to, in less than 30 words. Global Shift is a book with remarkable insight. Peter Dicken rather than attempting to define the commonly misused word, explains Globalization in a clear and logical fashion, which interconnects numerous views. Dicken takes full advantage of his position to write and identify the imperative changes of political, economic, social, and technological dimensions of globalization.
Globalization is a very broad term which “encompasses all cross-border interactions, whether economic, political or cultural”(Marber 67). Even though globalization is a broad term, it is met with a lot of hostility and praise. Peter Marber’s article, “Globalization and Its Contents” seeks to explain what globalization is and what opposition it faces. Since the 1950’s, life on earth has improved significantly. Individuals all over the world are living lengthier and healthier lives.
It is interesting and very pleasant to see how people from across the world work together to come up with ideas that make their company the best in what they do. This interconnection among people and places throughout the world which is with increasing level is called globalization. Some people think of it as internationalization where people from different parts of the world work with each other to bring out something quite enjoyable. Before, each country had its own business which didn’t collaborate with anybody else but themselves within the country. Since globalization has spread quite far, there are numerus examples available in our world today. Globalization can be found in economics, blending of cultures, technology,
Stiglitz, Joseph E. Making Globalization Work. New York: Norton & Company, Inc., 2007. Kindle ebook file.
(Bilton et al 1996:5) The process of globalization has certainly had many changing effects to the world we live in; it has also changed the way many factors operate. Globalization is said "to have transformed the structure and scale of human relationships that social, cultural, political, and economic processes now operate at a global scale with a consequent reduction in the significance of other geographical scales. "(The Dictionary of human geography 2004:315) Globalization has had both positive and negative effects on a local, national, international and global level. Globalization often brings benefits at one level which cause negative effects at another, these results and the scale at which they manifest are often uncertain and unpredictable.
Jones, G. R. (2010). Organizational theory, design, and change. 6th Ed. Upper Saddle River, NJ: Prentice Hall
Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.
15. Hill, Charles W.L. International Business: Competing in the Global Marketplace. New York : McGraw-Hill, 2007.
Firstly, multinational corporations are not something new in this 21st century. There are more and more international corporation as people try to boost the process of globalization. The development of these multinational corporations depends on the management of the owners. Transnational strategy is needed in order to operate such a big system of companies. Every nation in this system has to be managed thoroughly in order to help running the corporation, as well as to keep the system as one consistent body of business. Managers also find it important to look for opportunitie...
Daniels, J. D., Radebaugh, L. H., and Sullivan, D. P., (2011). International Business: Environments and Operations. Prentice Hall, Upper Saddle River, New Jersey.
Stonehouse, G., Campbell, D., Hamill, J. & Purdie, T. (2004). Global and Transnational Business (2nd ed.). Chichester: John Wiley & Sons.