Contemporary Issues in International Management

Contemporary Issues in
International Management

Contents
Introduction................................................................................................................................1
Contemporary issues in international management...................................................................1
Impact of Global political economy.......................................................................................1
National socio-political economy...........................................................................................2
Challenge of differentiation and organisational design..........................................................3
Respond to desire...................................................................................................................4
Issue of addressing the needs of the clients............................................................................4
Cultural issues........................................................................................................................5
Coach Behaviour....................................................................................................................5
Curated offerings....................................................................................................................6
Analysis......................................................................................................................................6
Conclusion..................................................................................................................................9
References..................................................................................................................................9

Introduction
Complexities to the global economy and several challenges to nation states and companies is
getting bigger. Globalisation is the integration of markets for commodities, capital, and
labour. Liberal political economic conditions include uncontrolled markets and supporters of
state intervention in market. This is a consideration where government policies opt freedom
of choices parted from individuals to make selection and participate in market system. It
offers insight in the globalising economy and market is not abstract constructing settled
supply and demand for services (Evertson and Weinstein, 2013). As a future circumstance,
political, economic, and social life is connected. There is a belief in taking advantage of self-
regulating process of marketing carrying a basic contradiction leading to severe disruption of
social factor in different nations. The report discusses the relevance of management theories
and perspectives and its necessity in the organisations. Management theories are complex,
which keeps on changing according to the dynamic business environment. These perspectives
include political, social, and economic factors influence on conducting business environment.
The analysis is based on the issues identified in the international business, which is based on
a Harvard review article “The age of continuous connection.”
Contemporary issues in international management
Impact of Global political economy
Political economy is the discussion on production, trade and its relation with custom,
government, and law. This concept is the study of interaction between the political and
economic era. Majority of approaches in field focuses more on international system of
conducting business (Caganova, Cambal and Luptakova, 2010). This disruption occur due to
increasing market level of income inequality, fundamental taking over the companies,
fundamental agreements on how it need to incurred during the economic recession when
preventing the social destruction.
Political pressures have been created to generate counter movement, which is opposed to
direction in the reformation. Social groups will articulate interests, slowing down the speed of
modernisation, and demanding different forms of the economic management with

policymaking. Global political economy is attempted to embed the globalising market in the
transnational social relations, which is similar to economic and social development. It is
process where the customers seek best quality at lowest price compelling to the successful
producers in finding out the lowest cost of production (Van Niekerk, 2017). Under free,
liberalised political and economic conditions, it is seen that with perfect free commerce,
every nation devotes capital and labour to employments, as it is most beneficial. Trade
liberalisation is seen useful mechanism to allocate labour to productive uses in return leading
to greater consumption of goods. For example- successful businesspersons and celebrity
status will have transformative capacity when government policies in regards to the
international trade. World economic Forum in Switzerland has been increasing found as
crucial contributor to global public policy.
National socio-political economy
Social economy enterprises are social and economic actors available in every sector of
society and economy in several different forms at every level, whether it is local, national, or
international. Social economic conditions create quality jobs and the capacity to meet
challenges through not only labour intensive productive actions but it also includes new
technology contributing social integration of vulnerable sector. Social and economic aspects
are linked with establishment of partnership with private, trade unions, as well as private
sector with an aim to develop areas. Social economy can assist the businessperson to get local
positioning in the globalised economy (Ferlie and Ongaro, 2015). Global social economy is a
method of engaging the local government and the civil society as being engaged in promotion
of social economy with a means to inclusive and the sustainable development. It promotes
several forms of social economy, which includes foundations, social enterprise, self-help
groups, which put profit as the priority.
Industrial state of 21st century is going through the significant stage of adapting, further
transforming the response to the economic globalisation, and losing the privileged place in
the international system. MNCs come up with increasing power of Brazil, China, and India
presenting challenge of adopting legislations and economic policy aligned with the super
power US model. The competition captures best in itself from 1990s where governmental
actors creating business friendly frameworks by supporting the operational organisations with
their effort when generating growth and employment opportunities (Tilly and Welfens,
2011).