Global Business: Evaluating Context and Research Methodologies

This report evaluates the global business environment, focusing on cross-cultural management, sustainable development, and strategic decision-making within international business. It reviews articles and research methodologies, highlighting the challenges and opportunities in the global market. The report emphasizes the importance of understanding cultural differences, economic factors, and governance systems for achieving sustainable business growth. It also discusses the role of leadership and management in navigating global mega-trends and complexities, suggesting the need for flexible and adaptable strategies. The analysis draws from various research articles, using qualitative and experimental research methods to provide a comprehensive understanding of the global context. Desklib provides access to similar past papers and solved assignments for students.

Evaluating the Global
Context

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
LITERATURE REVIEW..............................................................................................................1
RESEARCH METHODOLOY......................................................................................................3
CONCLUSION ...............................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Global business environment is associated with operating in international market where
companies from different countries operates in order to accomplish their objectives. In the
current era, many companies operate in global platform which leads to several challenges that
require to be overcome for having significant growth & development. The current report is
based on evaluating articles presented in the context of global and research methodologies
utilized in order to provide depth insights.
MAIN BODY
LITERATURE REVIEW
According to Amankwah-Amoah (2020) cross culture is concerned with managing
divers personalities coming from different regions in order to attain common gaol of business.
To be successful in the international market it becomes essential for the company to highlight
what are major factors that are leading to success or hindering performance. From the evaluation
it can be specified that to manage cross culture there is requirement to highlight several
components such as different attitudes, personalities, skills, attributes, etc. in turn gaining wider
capabilities to reach desirable position. In against to this, Wilkins and Ferrer (2018) there are
different kids of culture possessed by company in turn higher abilities to make distinct in turn
effective processing can be done. There are different ways in which business continues its
operational practices, structure policies, etc so that more effectiveness in order to incline
suitable working culture. It aids in increasing productiveness and profitability so that meeting
business objectives can be possible. On the other side, Dunn, and Jensen (2018) depicted that
the reason behind conducting business practices at international practices is concerned with
gaining larger capabilities so that appropriate identify can be created. Identify can be achieved
by applying distinct factors like history, food, art, popular culture, values. Practices, etc. on the
basis of this, it can be specified that do be successful in global context, there is much
requirement to pay attention on creating different image among other countries in turn larger
higher stability can be derived.
In the opinion of _ doing business with Taiwanese provides number of opportunities in turn
higher level of benefits can be obtained. It I comprise benefits like networks, and to
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seek advice, partners and mentors, through shared nationality. There are number of components
that are need to be taken into consideration as provides larger number of advantages so that
meeting objectives of operating in particular region can become possible, on the other side, it
can be interpreted that there are not much benefits of conducting operational practices with
Taiwanese as it requires larger amount of investment in order to coordinate with changing
circumstances of China. It not only impact the business processing in the global context but as
well results in adverse influence of economic situation. From the evaluation it can be interpreted
that doinig business in specified areas with Taiwanese can be both beneficial and imitating
overall progress of companies.
Merits Demerits
 It is qualitative research which has
thematic technique.
 It is limited to single observation
study.
 The is basically non expensive
technique of identifying mass
screening.
 There is involvement of
misinterpretation of few factors
reflects false outcome of research
which presents requirement of using
SPSS technique to study in depth
In the views of Adams, Nayak and Koukpaki (2018) there are several challenges that are
faced by companies while operating in n international environment. There are few factors that
contribute in inclining knowledge regarding global practices. (Sustainable Development in a
Global Context: A Success or a Nuisance? 2020) It involves governance system, trade
liberalization, etc. as more the sustainable development in order to coordinate with prevailing
circumstances. There is major emphasis is provided on making exponential economic growth
can be derived. In against to this, Torres and Patiño-Castro (2021) it can be said that compelling
the need to reverse e catastrophic economic growth and social exigencies, current structure of
global governance, etc. in turn better progress to coordinate with prevailing circumstances can
be derived. To become successful in company there is requirement to highlight how each
practice can be increase profitability & sustainability. From the evaluation it can be specified
that these aspects are hindering overall growth & development of company. There is higher level
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of focus is provided on overall operational activities of businesses sin global context that is
getting hindered due to inter connectedness and overlap among mentioned criteria. On the basis
of this, it can be articulated that particular structure of mentioned practices are helpful in
determining role-played by major actors therein.
Advantages Disadvantages
 There is utilization of experimental
technique to conduct research which
indicates proper involvement of
reliable, relevant data.
 It comprises modified details
regarding the reflected topic.
 There is much emphasis on
presenting many details regarding
highlighted as it is less demanding of
resources that is cost effective.
 It provides highly subjective due to
time-consuming process
According to Nicolaou (2021) it becomes essential for the company to pay attention on
formulating strategic decision so that comprehensive effect of foreign factors on cooperation can
be achieved. There are several types of employees and managers are recruited by companies for
having diverse working culture. In the global context it can be said that to become successful in
both global and national working scenarios paying attention on developing strategic decision in
turn better competitiveness can be achieved (Strategic Decision-Making in a Global Context.:
The balancing act between leadership and management, 2020). In contrast to this, LeBaron
(2021) articulated that focusing on building strategic decision on the basis of behaviour of
people operating in company leads to interpret in overall business actions which area required to
be handled. Foreign factors highly influences business action which does not allow focusing on
conducting relevant decision as role of comprehension identifies hidden conceptual ambiguities
with respect to opposing mechanism that establishes link with having success. It can as well
said that foreign languages play crucial role in affecting overall business functioning which
require firm to concentrate on developing and including significant factor in better compliance
with prevailing global environment can be derived.
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Pros cons
Descriptive research has been done in this
particular type as easy steps are involved so
gaining outcome with less time can become
possible.
Verify research problem become difficult in
this type.
Effective to analyse non quantified topics&
issues that has given relabel study
Not repealable due to observational nature
According to Parayitam and et.al., (2021) leading in a global context is one of the
wider concept which require get the details regarding balancing act between leadership &
management act. Global mega trends are inclining leading actions which is increasing
complexity within enterprise. Organization requires effective strategies that need proper
assessment of leadership styles that can positively influences behaviour, leading follower
relationship, etc. To have required extent of capabilities there is need to shed light on the having
integrated framework that can possess components which contribute in having reliable
information regarding leadership & management in turn better influence on employees can be
provided. (The Comprehension Effect of Foreign Language Use on Cooperation, 2021) In
contrast to this, Reuber, Tippmann and Monaghan (2021) stated that largely focusing on gaining
correct level of potential impact on employees so that positive impact on processing of
companies can be derived. It leads to develop enterprise mindset so that both management and
entrepreneurial activities in global context can be exerted in effective manner. To drive higher
competitiveness paying larger focus on diverse employees can impact in adverse manner. For
this purpose, it can be said that having effectual creative self programmable professional
focusing on relevant course of activities can be exerted in effective manner. It can be said that
having proper balance between leadership and management much focus on eliminating rigidity
to have higher level of flexibility in order to establish low bandwidth on gains Vs multi purpose
should be provided.
Benefits Drawbacks
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 Exploratory research has been utilized
to have flexibility to make changes .
 Information can be judgemental which
leads to impact outcomes
 Cost effective from of research  It is highly time consuming which
affecting actual results.
RESEARCH METHODOLOY
From the evaluation of above presented information from referring different articles and
report it can bes aid that all are based on qualitative research. This type of research helped in
obtaining significant level of theoretical knowledge can become possible. Experimental research
type has been conducted to in one article that is useful in gaining deeper insights regarding
global context. In addition to this, secondary data collection method of research has been used to
have depth insights regarding various concepts of global business practices.
CONCLUSION
From the above report it can be concluded that there are number of components that has impact
on international business processing. The current study has given emphasis on ECG workshop
and three other articles so that depth insights related to global activities can be gained. On the
basis of this it can be specified that to make relevant and accurate ability to sustain in market
paying attention on improving all aspects & taking strategic decision can become possible.
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REFERENCES
Books and Journals
Adams, K., Nayak, B. S. and Koukpaki, S., 2018. Critical perspectives on “manufactured” risks
arising from Eurocentric business practices in Africa. Critical perspectives on
international business.
Amankwah-Amoah, J., 2020. Stepping up and stepping out of COVID-19: New challenges for
environmental sustainability policies in the global airline industry. Journal of Cleaner
Production. 271. p.123000.
Dunn, S. L. and Jensen, J. D., 2018. Judaism and Jewish business practices. International Journal
of Business Administration. 9(4). pp.73-88.
Islam, T., 2017. Practices of Cross-Cultural Etiquette and Communication in Global Business-A
Conceptual Analysis on Managing Corporate Expansion: A Review Study. J Bus Fin Aff.
6(280). pp.2167-0234.
LeBaron, G., 2021. The role of supply chains in the global business of forced labour. Journal of
Supply Chain Management. 57(2),. pp.29-42.
Nicolaou, C., 2021. Development of Business Through the Internet and Social Media: The
Professional Use of Audiovisual Media Technologies Through Strategic Tactics and
Practices. In Handbook of Research on IoT, Digital Transformation, and the Future of
Global Marketing (pp. 193-211). IGI Global.
Parayitam, S. and et.al., 2021. The Relationship Between Human Resource Management
Practices, Knowledge Management Practices, and Performance: Evidence from the
Healthcare Industry in India. Global Business Review. p.09721509211037209.
Reuber, A. R., Tippmann, E. and Monaghan, S., 2021. Global scaling as a logic of
multinationalization.
Torres, M. and Patiño-Castro, O., 2021. Competitiveness in Colombian MSMEs: Analysis of
Best Business Practices. In Handbook of Research on International Business and Models
for Global Purpose-Driven Companies (pp. 431-452). IGI Global.
Wilkins, D. B. and Ferrer, M.J . E., 2018. The integration of law into global business solutions:
The rise, transformation, and potential future of the big four accountancy networks in the
global legal services market. Law & Social Inquiry. 43(3),. pp.981-1026.
Online
Sustainable Development in a Global Context: A Success or a Nuisance?
. 2020. [Online]. Available through:
<https://ohiostate.pressbooks.pub/drivechange/chapter/chapter-1/>.
Strategic Decision-Making in a Global Context.: The balancing act between leadership and
management. 2020. [Online]. Available through:
<https://link.springer.com/article/10.1007/s11575-020-00412-z>
The Comprehension Effect of Foreign Language Use on Cooperation. 2021. [Online]. Available
through:<https://www.researchgate.net/publication/326237555_Leading_in_a_global
_context_The_balancing_act_between_leadership_and_management>
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