Management and Business Context Name of the University Author Note

Running head: MANAGEMENT AND BUSINESS CONTEXT
Management and Business Context
Name of Student
Name of the University
Author Note

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MANAGEMENT AND BUSINESS CONTEXTExecutive Summary
Globalization is an important phenomenon in the modern world, which is gripping the whole
world. The selected organization for the purpose of study is Apex Service Limited, which gives
optimum services to the customers belonging to the automobile industry. The main aim of the
report is to give strategic advice to the different Board of Directors about the contextual factor
and its relation with the organizational business objectives. The effect of the globalization on the
business functioning would be enumerated. The potential benefits as well as challenges of the
globalization would be determined.

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MANAGEMENT AND BUSINESS CONTEXT
Table of Contents
Introduction......................................................................................................................................3
Definition of Globalization..............................................................................................................3
Benefits of Globalization.................................................................................................................4
Effect of Globalization on the business structures..........................................................................5
Potential challenges of globalization in given business context......................................................6
Recommendations............................................................................................................................7
Conclusion.......................................................................................................................................7
References........................................................................................................................................8

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MANAGEMENT AND BUSINESS CONTEXT
Introduction
The globalization is a massive phenomenon that has gripped the whole world. The
globalization can be regarded as the free flow movement of the goods, people and service across
the world in a major seamless manner (Baylis, Owens & Smith, 2017). There has been major
opening of the global economies as increased trade between the multiple nations. The countries
are increasingly liberating the import protocols as well as welcoming the various foreign
investments. The countries are attracting a large amount of the global capital and the productive
sector is ready to do export related activities (Baylis, Owens & Smith, 2017). The globalization
is inclusive of all the sectors of politics, life, technology, education and others. The multinational
companies are said to own a significant chunk of the world capital and hence they are considered
as the major players of the global economy. The selected organization for the purpose of study is
Apex Service Limited and the effect of globalization with respect to this organization would be
determined.
Definition of Globalization
As opined by Hirst, Thompson and Bromley (2015), the globalization has become
extremely popular concept in the social sciences and the management spheres. A truly global
economy is emerging in which there are distinct national economies. The cross-border
boundaries are diminishing in a rapid manner and hence there is greater promotion of trade and
commerce (Baylis, Owens & Smith, 2017). The phenomenon of globalization is embedded in the
competitive advantage theory so that the better efficient countries can export particular goods to
countries that are not so efficient. The underlying assumption behind this principle is that not all
the countries are experts in producing goods of all kinds and hence they can improve this