Management and Organisations in a Global Environment

MANAGEMENT AND ORGANISATION
Management and Organisations in a Global Environment
Student Name
Student Id
Author Note
1

MANAGEMENT AND ORGANISATION
Contents
Management Summary..............................................................................................................3
Introduction................................................................................................................................4
Body...........................................................................................................................................5
Conclusion................................................................................................................................11
References................................................................................................................................12
2

MANAGEMENT AND ORGANISATION
Management Summary
It not only has increased their productive ability but has opened the doors of new
opportunities for international trade and investment. Globalization is not much popular in
practical as foreseen by its experts. Research suggests a great difference amid the actual
percentage of globalization and what has been anticipated. The key reason behind this
difference is the regionalization approach of individuals and businesses. Most organizations
intent to expand in developing markets, which guarantees growth. The preference given to
cost leadership approaches over differentiation approach by organizations is another factor
hindering globalization. In this report an elaborate focus is made to understand different
facets of globalisation through concepts of flat world 3.0, ideas of Anthony Giddens and
understanding the relevance of trade not aid concept in modern context.
3

MANAGEMENT AND ORGANISATION
Introduction
Globalisation has empowered various enterprises, business concepts and processes to make
them extend outside domestic boundaries in search for greater scope of possibilities within
global marketplaces. Inspite of clearness maintained within the conceptualisation of
globalisation the manner it is executed is yet not convincing which is the root cause of
problem. The common public maintains the idea that the world market has turned flat due to
fewer borders and narrowing of restrictive policies but in actuality the truth of globalisation is
an over assumed fact that is driven by inappropriate forecast and assumption (Bei 2017). In
real scenario trade across border is not extending as promptly as it is anticipated due to
barriers such as excise duties and restrictive trade norms that govern free trade. As such
globalisation is moving slower than anticipation due to these barriers. Efforts are in place for
negotiations amongst nations to reduce impediments to free trade so as to boost considerable
outcomes with more scope of business that will widen new market places in emerging nations
and will increase employment of local people (Perelman 2015). Moreover globalisation is
growing with onset of technological advances as world has witnessed rapid development in
communication and technological means and this has dynamically transformed business
scenario in present world. According to Stros, Coner and Bukovinski (2014) technology has
revolutionised to lend support to globalisation where more businesses and government of
different countries are seeking ways to attract new business projects to meet demand of their
domestic consumption. However globalisation has few criticisms where some people argue
that it has paid well to the development of already prosperous nations in Western part of
world where large multinational firms are originally located that too at cost of domestic
business and cultures. According to van Meerhaeghe (2012) while supporter of globalisation
argues that globalisation has added to development of underprivileged and developing
nations by exposing them to more trade opportunities thus enhancing employment and
standard of living for people of such nations. Hence despite of ups and down and large debate
surrounding the concept of globalisation it is widely acceptable and many reforms have been
made through World Trade Organisation, International Monetary Fund’s and the World bank
to consistently improvise the real picture and extend more scope equitably for all nations
through efforts of capital management, flow of labour etc that is underpinning rise of
globalisation.
4