Assignment Global Business Environment
17 Pages4438 Words192 Views
Added on 2020-05-28
Assignment Global Business Environment
Added on 2020-05-28
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Running head: TRENDS IN GLOBAL BUSINESS ENVIRONMENT Trends in Global Business EnvironmentName of the StudentName of the UniversityAuthor Note
1TRENDS IN GLOBAL BUSINESS ENVIRONMENT Table of ContentsIntroduction......................................................................................................................................2Dynamics in the Global Business Environment..............................................................................3Reasons behind the increase in operations of enterprises in international business........................4Changes in the workplace arrangements with time.........................................................................5New Workplace Arrangements........................................................................................................6a) Work From Home....................................................................................................................6Motivations behind implementation of working from home...................................................7Problems in working from home.............................................................................................8Case Study...............................................................................................................................9b) Hot-Desking............................................................................................................................9Motivation behind implementing hot-desking in business enterprises..................................10Problems in hot-desking........................................................................................................11Case Study.............................................................................................................................11c) Stand-Up or Corridor Meeting..............................................................................................12Motivations to implement Stand-up Meeting........................................................................12Problems in Corridor or Stand-Up Meetings.........................................................................12Conclusion.....................................................................................................................................12References......................................................................................................................................14
2TRENDS IN GLOBAL BUSINESS ENVIRONMENT Introduction The economic framework in the global framework, over the years, has experiencedsignificant dynamics and modifications in the last few decades, which in turn can be attributed tothe economic and global phenomena occurring in different corners of the world. The globaleconomic environment, over the past decades has become more integrated and inclusive owingto economic phenomena like Globalization, Liberalization of economic environment of the majorcountries and increasing scopes of setting up commercial and political relations among thedifferent countries across the world. This immense dynamics in the global economy have directimplications on the business and commercial environment across the world, which has also beensubjected to immense modifications relating to the changing patterns of operations of businessesin different parts of the world. Over the years, the main incentive of doing business, globally, has remained the same,that is of acquiring maximum profit and economic prospects as well long term sustainability intheir operations. However, the mode of operations in the business organizations and the workculture have significantly changes over the years, catering to the needs of the situations andfacilitated by the inventions and development of technologies and provisions which makes theprocess of doing business easy, convenient, cost saving and time effective. The changes in thework culture and global business environment includes multi-dimensional domains like the wayin which the employees interact, the communications among different participants in thebusinesses, production methods, management of businesses and others to name a few. With amore integrated international commercial environment and with increasing number of businessesgoing global, these changes have become inevitable and have been facilitated by facilities likeinternet, which makes communication across the world extremely easy.
3TRENDS IN GLOBAL BUSINESS ENVIRONMENT Taking this aspect into consideration, many business organizations are undergoing radicalchanges in their workplace arrangements, which includes introduction of new practices like thatof hot-desking, stand-up and corridor meetings, home offices and others to make their operationsmore dynamic and cost and time effective. The concerned report tries to discuss these newmethods taken by the business organizations in the contemporary periods, in details. The reportalso emphasizes on analyzing the need for introduction of the same, the motivation behind thesame and tries to analyze whether the companies, implementing such methods are getting addedadvantages and desired benefits over those who still stick to the conventional methods of doingbusiness. For the purpose of doing the same the report tries to conduct an extensive review of theliteratures and scholarly works which are present regarding aspects, thereby comparing anddiscussing the learned opinions prevailing across the world regarding this aspect, taking intoaccount the empirical evidences and examples relevant to the same. Dynamics in the Global Business Environment To understand the evolution and implementation of radical changes in the workplaceoperations by the different enterprises across the world, it is of immense importance tounderstand the trends prevailing in the global business environment and the evolution of thesame over the years. There exists different opinions regarding the concept of the global businessenvironment of which the one put forward by Wild, Wild and Han (2014), seems to be robustand inclusive. The authors define the concept of the international business environment as theopen forum in which the commercial transactions (both public and private) takes places betweenthe relevant organizations of different countries. Over the years, with the integration of theleading economies of the world, attributed to phenomena like Globalizations, Liberalizations,Free Trade Agreements and inter-country migration and usage of labor and other resources of
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