Trends in the Global Business Environment

Running head: TRENDS IN THE GLOBAL BUSINESS ENVIRONMENT
Trends in the Global Business Environment
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1TRENDS IN THE GLOBAL BUSINESS ENVIRONMENT
Introduction
The aim of the following paper is to make the proper analysis and conduct a mini
literature review of the chosen article. The article that has been chosen for this paper is The State
of Globalization in 2019 and What It Means for Strategists. The article has been written by two
authors. The authors of this article are Steven A. Altman and Pankaj Ghemawat. It had been
published in the year 2019 (Ghemawat and Altman 2019). The date of publishing this paper was
February 6th. In order to conduct the proper mini literature review, some important things will
have to be done. At first, the proper summary of the article will have to be presented. Next some
key questions will have to found that have very close associations with the article. Some key
terms used in this article will be identified and answers to those questions will have to be given.
Summary of the chosen article
The main theme of the chosen article concerns with the globalization and its impacts on
the strategic decisions made by the business managers in the contemporary times. According to
the authors, many new things have been noticed in these times because of the impacts of
globalization (Ghemawat and Altman 2019). The two most important factors that have been
discussed in this article for the change in business are Brexit and different strategies used by US
President Donald Trump. One of terms that have been used in this article is that of DHL Global
Connectedness Index (Altman, Ghemawat and Bastian 2019). This had been invented by one of
the authors Pankaj Ghemawat. His views about globalization and its impacts on the global
businesses have been shown in this article. Thus, this article becomes a very important document
to note how increase of trade tariffs between United States and one of their biggest trade

2TRENDS IN THE GLOBAL BUSINESS ENVIRONMENT
partners. The growth of GDP is also a very important context in this paper as well. The business
managers should always have to identify and realize the main issues regarding globalization so
they can take the proper steps. Many important oissues have taken place within the business
environment that has caused it to become more complicated in the recent times. The generation
of profits has always been a huge problem for the organizations so the managers must take up the
positive role to do something regarding this (Ghemawat and Altman 2019). They must probe into
this issue with the proper ideas of trade metrics and international production. These things are
quite helpful to understand how the business managers can cope up with the severe challenges at
this juncture. The four questions that can come up regarding the contents of this article are:-
1) What is the relationship between international production, globalization and
managerial decision making in recent times?
2) What does the 2018 DHL Global Connectedness Index can say about the managing the
international challenges for organizations?
3) How can R&D functions help the organizations to set up proper business functions?
4) How can business managers deal with the vulnerability within the international
management?
Discussion
Question One
According to the authors of the article it is quite sure that the globalization has affected
the modern business organizations in a great way. The multinational companies operating in
different countries have felt the impact of this globalization in a big way. Therefore, different
perspectives of this globalization have left a huge mark in the functions of the business. The