Influences of Ethical and Sustainable Globalization on Organization Functions
Added on 2020-10-23
13 Pages4222 Words120 Views
Global Business Environment
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1P3 Influence of globalization on organizational governance, leadership, structure, culture andfunctions.................................................................................................................................1P4 Influences of ethical and sustainable globalization on organization functions.................5P5. The different ways through which decision making can work effectively in a globalcontext....................................................................................................................................6P6 Various routes to internationalisation on organisation may adopt and key barriers.........8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONGlobalisation is an integration of policies, culture, economies and markets. Globalbusiness environment consists of organisations in which company carry their organisationalfunctions on global platform (Cavusgil, 2014). Globalisation helps business organisation toinvolve in exchange of goods, services, data and capital in international basis. Present report hasbeen conducted on, Tommy Hilfiger which is a fashion industry and deals in designer apparel,cosmetics and accessories. This company was found in the year 1985 by Tommy Hilfiger. In thisproject, discussions have been made on influence of globalization on organizational governance,culture and leadership structure. Influence of ethical and sustainable globalization onorganizational functions and ways of decision making in global context.P3 Influence of globalization on organizational governance, leadership, structure, culture andfunctionsOrganisational governance is a systematic system in which an organisation develops andimplement various decisions and ethical policies. Good governance can help any organisation toachieve their successful business objectives. Structure: Structure is an integration of frameworks in which an organisation developsand arrange different types of lines of authorities and allocation of rights and duties. TommyHilfiger follow matrix structure in their workplace in which there is horizontal flow ofinformation. With the help of this structure company effectively utilize their resources and fostertheir decision-making process (Alqahtani and Saba, 2013). Organizational structure is mainlyaffected by globalization when an organization is launching their new business in a new marketor selling their products and services in international market. In this situation, it is essential formembers to expand their areas of knowledge and hire diverse employees who are able to dealwith various clients of national and international level. Culture: Organisational culture is mainly a sum total of values, assumptions and beliefs.Effective organisational culture is a formative framework which directs members to move inright way and perceive correct thinking. Tommy Hilfiger focused on various tangible andintangible goals and objectives and follows soft culture in their workplace. Organization cultureis affected by globalization when fresh staff are hired with different culture. This culture helps inmanaging firms in managing diversity at workplace which is beneficial for managing influence1
of globalization. The company focused on managing shared perspective and work ethics whichsupports business in managing challenges which arise due to globalization. The cultural values offirm are focused on promoting equality and diversity among employees which helps in aligningbusiness activities in one common direction.Leadership: In Tommy Hilfiger, leaders make use of participative type of leadershipstyle. This helps them in gaining support and assistance from employees. Also, as this is a stylewhich makes use of encouragement as a tool to invite views and opinions from employees. Thishelps the company in developing solutions to issues in enterprise as well as developing a sense ofloyalty in them to retain them for a long time.Functions: Main function of Tommy Hilfiger is to create a product that is classic andcommitted and take supplies from cotton fields to straight manufacturing units. One of the mostimportant function of company is to connect with buyers in positive and inclusive which helpsthe firm in managing challenges which arise due to increasing globalization.(Our 3 Principles,2018)Governance: Corporate governance of firm is focused on policies and practices ofcorporate social responsibility which helps the business sin managing socially responsiblepractices which reduces the risk and uncertainty due to globalisation..Governance is mainlyconcerned with overall supervision and direction of an organisation. An effective governance cantake an organisation to get long term success (Black and Gregersen, 2013). In Tommy Hilfigertheir board of directors are mainly responsible for governance they make formative decisions andpolicies which ensure responsiveness and accuracy towards their customers, regulators andstakeholders.Application of McKinsey’s 7S Model on organization structure in Tommy Hilfiger McKinsey’s 7S model helps business organizations to evaluate their internal strategy,structure, values and styles. It incorporates hard and soft elements. Its benefits company toimprove their performance and examine future changes within structure of company. TommyHilfiger implement this model to determine effectiveness of their strategies and improve theirperformance. Mention below there are elements of model described in brief:Hard elements: Hard elements includes organisation strategy, charts and reportingstatements. These elements are easy to defines and management can directly influence them. Inrelation with Tommy Hilfiger there are hard elements that are firmly described below:2
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