Reflective Essay on Impact of Global Business Strategies on Performance of MNCs

This reflective essay explores the impact of global business strategies on the performance of multinational corporations (MNCs), with a case study on Aston Martin. It discusses the role of corporate vision, conflicts, and empowerment in MNC performance.

Reflective Essay
( The main aim of this research project is, “ To
evaluate the impact of global business strategies
together with an evaluation of role of corporate
vision, conflicts and empowerment on performance
of MNCs.” A case study on Aston Martin. )

Table of Contents
Title of the Research .......................................................................................................................1
Reflection ........................................................................................................................................1

Title of the Research
The main aim of this research project is, “ To evaluate the impact of global business
strategies together with an evaluation of role of corporate vision, conflicts and empowerment
on performance of MNCs.” A case study on Aston Martin.
Reflection
Writing a reflective essay over an investigation process is recognised to be an opportunity
for an individual to think back on what they have gained, to evaluate their progress and to
determine the challenges they may face. This area of research is based on enhancing a critically
reflective account over the significant result of an investigation and the major significance of the
possible contribution of the study. Therefore, this is a broad area of an investigation and this is
efficacious in rendering descriptive evaluation over the area of determining the impact of global
business strategies together with analysing the role of corporate vision, conflicts and
empowerment on performance of MNCs. Therefore, this section of investigation is effective in
providing a chance to explore own experiences in regards to the gains and the issues that has
impacted over the completion of an analysis.
An investigation is mainly executed to overcome an issue with the help of gathering
valuable information, thus it is imperative in providing a brief analysis over a specified area. As I
am feeling pleased to get an opportunity to execute an analysis over the area of determining the
impact of global business strategies together with analysing the role of corporate vision, conflicts
and empowerment on performance of MNCs. Therefore, this a wide academic research which is
effective for me in developing my personal as well as professional skills to gain growth and
success. In the execution of this investigation I have been seen that strategic implementation of
defined to be the most considered area of a business or its management as it is important for a
business to develop appropriate strategies for the purpose of attaining higher growth and success.
As per my own observation I have been recognition that, this exploration is specifically based on
multinational businesses and these are mainly recognised as the businesses which are having
their operations in more than one country. Thus, multinational corporations are significant for a
country to develop their economic condition. As I have also been seen that, in today's modern
business environment the key motive of each small as well as large business enterprises is to
attaining higher growth and success via implementing effective business strategies. Therefore,
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businesses now a days are concern over improvising their performance with the help of
implementing an effective business strategy which in turns in creating value for the firm in
attaining higher growth and progression. As I have also been recognising that in this over all
study is based on Aston Martin as it is a large British independent manufacturer of luxury sports
car and grand tourers, therefore, it is important for Aston Martin to develop suitable strategies
which is effective for the business in operating at international level. From the evaluation of this
detailed analysis I have also been seen that, multinational corporations are termed to be the most
important aspect that are significant in developing the economic condition of a country, thus the
higher emergence of multinational corporations are effective in reducing the tax and tariff and
maintaining a good flow of products and services delivery. Due to intensive competition within
market, the host countries have liberalized laws and regulations through considering the foreign
assessment of assets and have reduces the tax barriers, therefore, tax and tariffs are recognized to
be the key aspect which mainly affects the international business. In addition to this, with the
assistance of free movement of goods and services within and outside of a country boarder, trade
liberalization has evolve the foundation of global integration strategy. Thus, the primary
obligation of large and multinational corporations are to become the international brand via
exploring their operations at global level. From the detailed analysis of the views of authors, I
have also been seen that multinational corporations in in-consist over executing effective global
business strategy for the purpose of executing the operations of business in appropriate manner
and expansion can be effective with the recognition of the suitable global business strategy. The
execution of an appropriate global business strategy is effective for a business to attaining their
short as well as long term objectives. In addition to this, I have also been seen that, corporate
vision, conflicts and empowerment are recognized to be the imperative area and the management
of these aspects are significant for a business to gain growth and success. According to the
evaluation I have been seen that as a large manufacturer company Aston Martin is concern over
managing their corporate vision, conflicts and empowerment management for the purpose of
attaining higher growth and success. The study also stated that these aspects plays a vital role in
the implementation of an effective business strategy which is significant for the growth and
success of the business. Therefore, corporate vision corporate vision is mainly evaluated mined
as an inspirational evaluation of what an organization would like to attain or achieve in the mid
term or long term future goals. It is intended to serves as a clear guide for choosing current and
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future course of action. In the term of multinational business, the management of corporate
vision is effective in assisting a clear way to the business or its implementation to attain higher
growth and success. Furthermore, conflict management is also a crucial aspect as it is important
for the business or its management to manage conflicts as to establishing coordination and
collaboration among employees, therefore, high coordination may result in the growth and
development of the business. As per my observation, I have been recognize that, empowerment
is also a key aspect which is creating value in establishing interconnection among employees so
that better execution of operations can be held. Therefore, as I have been thinking that, corporate
vision, conflict management and empowerment are three major aspects that are significant for a
business to implementing suitable business strategy which in turns in creating value for the firm
in attaining higher growth and success.
Although, this present considered exploration is effective in exploring an individual's
personal as well as professional skills of an individual that are appropriate in analyzing the need
to implementing suitable business strategies. In the implementation of this present analysis I have
been facing a lot issue in relation to the prescribed for this exploration as the given time for this
evaluation is less and few activities like, management plan, data analysis, literature review are
time consuming in nature so, time is recognized to be the major difficulty which is mainly being
faced by me during the research. In addition to this, the authenticity of information sources are
also evaluated as the key issue which is mainly being faced in the execution of literature review,
as there is a lack of authenticity, so this has also a major hazard which influence the completion
of exploration. This study mainly contributes in the area of business management and the
academic writing. Therefore, this study explores business knowledge as this signifies the need of
implementing effective business strategy which is valuable for a business to attain higher growth
and success. The scope of this study in academic writing is also wide as this is significant for me
in developing my ability of executing an exploration of the the way in which suitable
implementation of methodologies are taken place. As with the execution of this analysis, I have
been recognizing that, my data collection ability has been increased with Is effective for me in
implementing the enhanced ability in my future projects. This study also has its major
contribution in evaluating the role of implementing business strategy in the growth and
progression and this also signifies appropriate ways for better execution of business strategy.
From the descriptive analysis of the project I could have been realize that, this study is
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significant for me in exploring my knowledge which in turns in creating value for me in
attempting future projects in effective manner. This study is also contributing its significance for
the people who are considering business as their primary motive to gain growth in their
profession life. This study is also important for the individual or students who are pursuing their
study in the field of business management, thus this study is significant in providing an
appropriate way for a business to execute better and effective business strategy for the growth
and success of the business. Along with this, the present exploration is effective in evaluating the
potential role of corporate vision, conflict management and empowerment as these are three
important aspect which are needs to be understand by the people for the intention of developing
suitable strategies for attaining higher competitive advantage.
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