Analysis and Reflection: Global Business Environment and its Impact

This report provides a reflective analysis of the global business environment, focusing on the author's personal experiences and development throughout a related module. The report begins with an introduction to the global business environment, emphasizing its transnational nature and the challenges businesses face. The author then reflects on their self-awareness, particularly in communication skills, and how this impacted their work. The report also examines teamwork dynamics, highlighting cultural differences within a diverse team and the importance of effective communication. The author discusses their research skills, identifying areas for improvement in critical evaluation, and outlines a personal development plan to address these weaknesses. Finally, the report concludes by summarizing the key takeaways, emphasizing the significance of self-awareness and teamwork in navigating the global business environment. The report references relevant academic sources to support its analysis.

Global Business
Environment

Table of Contents
INTRODUCTION...........................................................................................................................1
Self-awareness.............................................................................................................................1
Teamwork...................................................................................................................................1
Perspective of culture..................................................................................................................2
Research skill..............................................................................................................................2
Personal development plan.........................................................................................................2
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................3

INTRODUCTION
Global business environment refers to an atmosphere where organisation running and
operating their business transnationally by expanding their business in different nations. It can be
a process of running a business by considering the rules and legislations of different countries
and offering the products and services in diverse nations as per the consumers needs and
demands (Adekola and Sergi, 2016). This reflection report is based on the study of global
business environment in which defined about that how company operate their business globally.
There are several challenges are faced by the company due to legislations, business environment
and others. With this, the company also gain several advantages related to productivity and
profitability.
Self-awareness
When I was working in the research project which is related to global business
environment, I did my self analysis and find out that in some are I need to make improvement. I
analyse that i have not good communication skills in term of written because when i was share
information regarding the work people are clearly understand that what i want to say. So due to
which some activities and task are affected in negatively because the aims and objectives of
them, did not accomplish on time. But My colleagues responded me that I have good time
management skill and I also aware with it. My time management skill is good because before
starting the work I set time limits to each task and work and divided it according to that. It
generate in form my strength due to accomplish the task objectives on time or getting positive
outcome from that.
Teamwork
To complete that module, I was working a team in which number of people they are also
selected to devise their contribution for completing the project and provide desired outcomes. In
the team, there are number of people who are belong from different nations, culture, religions
etc. During the time of working in the team, I analysed that the teammates who belong from
China are little shy in comparison to us. Because they did not share their ideas and thoughts until
the team leader asked them to do it. The task which was allotted to us had a specific deadline so
due to performed in the team, they all were completed on time because there were number of
people who had different skills and competencies. There were no issues and conflicts were rise in
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the team because there were effective communication in group and all the team members were
aware with all things and shared information. If any small scale issue arise then they are resolve
by organising decision making process in which each and every person make participation and
discuss their views. It helped me in improving my decision making skill.
Perspective of culture
At the time of working in the group, I learned various things form the teammates like
about their culture, values and beliefs. I learn about the Chinese language and culture because in
my team some people are from there. Within the team, there was not formulate any specific
culture for it and all the employees were free to work according to their own working style or
culture. This positively affected the team because all the member of the group completed their
work and task on deadline.
Research skill
When I was working in the module, the team leader segmented the work in different task
and allotted them to the team members as per their skills and knowledge. For completion of these
task, the research is an essential tool so that people can get effective information about their
work and fulfil the needs and requirements of the assigned task. But I have not good research
skills in term of critical evaluation. For example, my task was that how global business
environment affect the business of a company positively and negatively. But lack of critical
evaluation competency, I was not complete my work in effective manner. I have good data
collection, report writing, planning and scheduling skills which are helpful me to shape my work
in required framework. With the help of effective information gathering skill I collected
authentic and reliable information which is valid and relevant and able to frame the module
veritable.
Personal development plan
It refers to the activity of setting up aims and objectives. It can be a process of framing an
action plan which is based on awareness, values, reflection, goal setting and planning for
personal development and betterment within the context of self improvement (Barac and et. al.,
2016). During the time of working in the module, I analysed that I have some unimproved skills
and some required development. So I decided to point out that competencies which created
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issues in my work and make improvement within them. For this I formulated personal
development plan:
Focus area Where now Will be Activity/ resources Timing
Communication
skills(written
communication)
Grammar and
sentence
formulation is
good but flow of
information is not
good so people
are not
understandable.
To make written
communication
effective which is
readable and
understandable.
Online classes,
communicate to
colleges, reading
books and news
paper etc.
4 moths
Division making
skills(Critical
Evaluation)
Able to take
decision but not
able to evaluate
favourably and
unfavourably.
To be able to
analyse the
positive and
negative outcome
of the decision.
Solving different
case studies,
participating in
decision making
process etc.
3 months
CONCLUSION
This preceding information it can be summarised that self awareness is a crucial factor
because it help in self evaluation that how we are skilled and knowledgable. Team work is
effective function because it help in making effective relation with the other people and working
width them. Lack of skills like communication and others affect the team work. But working on
them, they can be improved and help an individual in performing their work and task in adequate
manner.
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REFERENCES
Books & Journals
Adekola, A. and Sergi, B.S., 2016. Global business management: A cross-cultural perspective.
Routledge.
Barac, K. and et. al., 2016, March. The capability and competency requirements of auditors in
today's complex global business environment. ICAS.
Doh, J., McGuire, S. and Ozaki, T., 2015. The Journal of World Business Special Issue: Global
governance and international nonmarket strategies: Introduction to the special
issue. Journal of World Business. 50(2). pp.256-261.
Gaspar, J. and et. al., 2016. Introduction to global business: Understanding the international
environment & global business functions. Nelson Education.
Hamilton, L. and Webster, P., 2018. The international business environment. Oxford University
Press.
Lee, I. ed., 2017. The Internet of Things in the Modern Business Environment. IGI Global.
Perry-Kessaris, A., 2016. Global Business, Local Law: the Indian legal system as a communal
resource in foreign investment relations. Routledge.
Salvatore, D., 2015. Managerial economics in a global economy. OUP Catalogue.
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