Impact of Causation and Effectuation in Modifying Business Environment Problems in International Contemporary Management

Individual Essay

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Many companies aim at giving network resources along with implementing new thoughts
but exchange of certain knowledge between developed businesses. Causation and effectuation
are associated with methods or approaches of sharing thoughts between network resources and
companies. Causation method could be described as procedure where entrepreneurs mainly focus
in accomplishing certain goals add determining methods to achieve their business objectives
(Ladner, 2018). On the other hand, effectuation is described as procedure where entrepreneurs
pay their attention towards resolving issues that are unpredictable but could be control by
implementing efforts. With the rise of globalization several companies are adopting
Internationalising approaches at quicker rate in order to increase their performance and market
share. The following essay covers impact of effectuation and causation in modifying business
environment problems in international contemporary management.
MAIN BODY
According to author and novelist it is described that organizations are not able to predict
consequences which they could face in future but they could pay their attention in developing
businesses that would help in expanding market share and surviving any further challenges. As
dynamic environment is changing, many companies are implementing modifications that are
important for surviving in the market effectively. Technological advancement has brought new
development that motivate organizations to make large investment, develop effective teams,
buying luxurious equipment that could help them in operate business smoothly through saving
their time. Causation and effectuation both plays a very important role in companies because
they provide transparent image related to decision making procedure in new business ventures
along with assisting in developing plans for accomplishing organization aims effectively (Park,
2018). One international level competition is increasing which impact companies’ activities
because they experience more issues which include transition prices decline in local market, new
competitors and trade barriers fall. Because of these reasons companies are required to
implement new technology in order to attract large base of customers along with saving time and
improving productivity of workers.
Globalization could be described as procedure by which companies create international
causation or begin running their business functions on global level. It describes open flow of
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