Visions for the Future: Contemporary Perspective on Management

LEVEL 8
FINAL EXAMINATION PERIOD
JANUARY 2022
MODULE CODE: DBA 8044
MODULE NAME: VISIONS FOR THE FUTURE: CONTEMPORARY
PERSPECTIVE ON MANAGEMENT
TIME: 24 HOURS
ANSWER ALL QUESTIONS
Equipment or materials required – None

QUESTION 1
A changing team of workers who belong to different has made cultural variety
management a necessity for groups. Culture is defined because the set of vital assumptions
that members of a network proportion (Meet & Kala, 2021). As more corporations turn out to
be worldwide, greater conflicts have a tendency to stand up through the years.
It is important for global businesses to manage the inevitable conflicts that arise between
people of different religions, races, ethnicities and nation-state groups. This helps them
improve their skills.
People who're in conflict might not be able to withstand the temptation to recognition
on the alternative birthday party’s shortcomings and weaknesses, thereby personalizing the
warfare. Instead of attacking the trouble, the parties to the warfare attack every different. This
method is inconsistent with integrative bargaining and may effortlessly lead both parties right
into a distributive negotiation mode (Plotkin Amrami & Kiper, 2020). All events to a warfare
want to preserve focused at the trouble or at the supply of the conflict and avoid the
temptation to discredit each other. Negotiation is a mainly important battle resolution method
for managers and different organizational participants in conditions wherein the parties to a
conflict have about equal levels of power. During negotiation the parties to a war try and
come up with an answer ideal to themselves with the aid of considering numerous
opportunity approaches to allocate sources to each different. Sometimes the edges involved in
a war negotiate without delay with each different. Other times a third-party negotiator is
trusted. Third party negotiators are independent folks who are not without delay involved in
the war and feature special understanding in dealing with conflicts and negotiations; they
may be trusted to assist the two negotiating parties reach an acceptable resolution of their war
Conflict doesn’t rise up in a vacuum. In order to triumph over struggle, a resolution
need to be reached, and in doing so, inefficiencies or problematic behaviors are introduced to
mild. Creating a plan of action is an powerful manner to keep away from destiny battle,
streamline tactics, and perceive room for development. By turning conflict into a effective
motion plan, the team comes faraway from the experience with a greater advantageous effect,
strengthening each dynamic and workflow.
When people analyze and understand one-of-a-kind elements of wonderful cultures, It
gives a better understanding as to why others are the way they're and what they have to and
they should not do, no longer to offend others from various backgrounds. Thus, cultural

understanding can assist in creating a high quality and productive paintings environment. As
lengthy as people work collectively, there could be struggle (Weyns, 2020). It’s not
constantly avoidable, however that doesn’t suggest one could’t lessen it and inspire working
through the struggle, or embrace it whilst you want to. Managing struggle in the place of
business will sell a more high quality employer tradition and growth productiveness. Rather
than being complacent, effective war promotes healthful discourse among crew members.
This contributes to a sustainable business enterprise subculture of open talk and discussion.
Strong groups ought to be capable of venture every other’s wondering and debate. By paying
attention to all facets of an issue, a group can come collectively to determine on the
exceptional course of action. Working via warfare facilitates groups discover ways to solve
troubles. Instead of becoming annoyed while a person within the organization is thinking
differently, employees are open to new thoughts.
Conflicts can arise in any company when employees with different backgrounds and
priorities work together. Conflicts can be expressed in a variety of ways, including insults,
non-cooperation, bullying, and anger. It covers several reasons and range from personality
conflicts and misunderstood conversations to organizational mismanagement. The negative
effects of the struggle between government centres include suspension of work, reduced
productivity, business failures, absenteeism, layoffs, and layoffs. Emotional stress can be
both the cause and consequence of workplace warfare (Xiao et al., 2020). Employers control
the struggle at administrative centres by developing a tradition of organizations designed to
prevent wars as much as possible and dealing promptly and fairly with wars that employees
cannot resolve between themselves.
QUESTION 2
It has been seen and reviewed that the concept of globalisation includes the increasing
level of the interdependency of various nations of world among each other and comprises of
easy and massive increase in the trade including higher movement of services, products and
technology across the borders of nations (Huang, Ninić & Zhang, 2021). Globalisation is tend to
playing a vital role in supporting the increase within the overall production and services level of
a firm by the way of enhancing the scope of growth and expansion. It has been also seen and
reviewed that globalisation leads to easy and flexible trade policies for business organisation
which ensures easy movements of good and services and leading higher connectivity within the
nations that is creating a positive impact on the productivity level of the companies. Beside this,
it has been also observed that globalisation is not only supporting the movement of goods and

services but it also leads to higher exchange of technology, information and movement of
people. Therefore, the concept of globalisation is ensuring the use and implication of high
performing employees by the organisation from across the world which makes globalisation a
common factor within companies. Along with this, globalisation is also ensuring and leading out
the use of the improved technology that leads to higher productivity and success level for the
companies thus leading enhanced importance of globalisation in context of current industries
(Marchiori & et. al., 2021).
Apart from this, it has been also seen that Globalization of industries is tend to becoming
a common factor now a day because of the easy reach and making efficient use of modern
technology that brings higher connectivity at global level. It has been seen that the upgradation
in technology and the increasing reliance and use on the Internet as well as other mobile
technologies are given and supporting the industries to have a much easier way of global reach
along with leading an easy access to products and services anywhere in the world (Dernat, & et.
al. 2021). Thus, the rising level of globalisation of industries is becoming common factor today
as globalisation has supported easy movement of and flow of better quality product and services
across the various region of world as mush more economical and cheaper rates thus, leading and
ensuring higher success and productivity level for the companies which making them attracted
towards globalisation. Beside this, the main factor and reason behind the rising attraction and
making globalisation a common factor is tend to base on the fact that it enhances the expansion
limit and scope of a firm through leading a higher opportunity to set up business operations at
various location of globe. The easy trade policy and liberalisation supported easy expansion of
companies and industries across nation that tend to provide a larger target market and customers
base to have higher expansion and productivity level along with offering use of improved
technology and cheap availability of labour and products that is making globalisation a common
factor for business industries (Tajudeen, & et. al. 2021).
Further, it has been also seen and reviewed that the process of the globalization is
becoming a common factor and having popularity now a day as it tends to support and leads out
to decreases in the cost of manufacturing by the way of availability of cheap labour along with
economical raw material at mush more affordable price. Thus globalisation means that
companies can offer better quality goods and services at a much lower price to consumers by the
way of making use of more affordable labour and raw material. Apart from this, it has been also
seen and reviewed that the average cost of goods is tend to be a key and vital aspect for every
business organisation that tend to effectively contributes to the increase within the standard of
living and also supports that consumers also have access to a wider variety of goods. Thus, the