Professional Career in Global Business: Challenges and CPD Plan Report

This report delves into the multifaceted challenges faced by businesses operating in the global environment, particularly focusing on ethical considerations and workplace conditions. It identifies key issues such as providing safe workplaces, fair compensation, and ensuring equal dignity for employees. The report explores codes of conduct, including adhering to employment laws and setting workplace expectations, to mitigate these challenges. It highlights the support and guidance available from relevant professional bodies and employment laws in the UK, such as the Employment Rights Act 1996 and the National Minimum Wage Act 1998. The report concludes by assessing the impact of these codes and support systems on fostering a strong and productive work culture. Furthermore, the report includes a detailed Continuing Professional Development (CPD) plan, outlining areas of learning, reflection, and future implications for career development, encompassing teamwork, time management, and communication skills.

Preparing for a professional
career
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Table of Contents
INTRODUCTION...........................................................................................................................3
Part 1................................................................................................................................................3
Introduction of challenge faced by companies in global business environment....................3
Identifying the code of conduct that will assist the process of resolving the above ethical issue
................................................................................................................................................4
Discusses the support and guidance available from the relevant Professional Bodies..........5
Concludes with an assessment of the likely impact both the support and codes of conduct
could have on the issue...........................................................................................................5
Part 2................................................................................................................................................6
CPD plan................................................................................................................................6
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10
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INTRODUCTION
The main motive of every businessman is to earn maximised profits and to achieve this
objective, it is important that company is expanding its operations or scale of business. In this
context, it is common that companies are entering into global market (Chang and Daly, 2019).
The main reason behind this shift is concentrated demand in domestic market. When a business
is moving into international market, management is confronted by various issues and these issues
can be resolved using several codes of conduct. Furthermore, there are various governing
authorities those formulate laws so as to solve these challenges with full efficiency. This report is
divided in two parts, first part relates with discussion of ethical issues confronted by businesses
in global business environment and second part is related with CPD plan which will construct the
knowledge for future course of action.
Part 1
Introduction of challenge faced by companies in global business environment
In global business environment, the major challenge arises is related to working
conditions in the work place. Working conditions is the situation that is pertaining in the
workplace and is related with paid work and employment relationships. This term covers a broad
range of situations, such as, working times, remuneration, physical conditions, mental
satisfaction that is created out of styles of working in the work place. These all issues are very
tough to manage in global business environment (Conroy and et.al., 2020). This is due to the fact
that in global business environment, every factor impacts operations in much intense manner.
For example, workforce diversity may not impact the working conditions in such an intense
manner in domestic market as compared to global business environment. This is due to the
reason that in global business environment, employees are coming from a much more diverse
background and is impacting the working conditions. In global business environment, this
challenge includes following dimensions:
 Providing a safe work place: as the environment or surrounding is new for employees,
therefore, it is a time consuming process for employees to settle down in this new area.
Therefore, it becomes difficult for company to provide a safer place.
 Fair compensation policy: In global business environment, formulating compensation
policy is also a big task, as, living cost is much different from that of domestic market
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and thus, management should take care of every little detail before designing
compensation structure for employees (Fletcher, Warren and Hernández-Gantes, 2018).
 Equal dignity for employees in workplace: As employees are coming from diverse
backgrounds in global business environment, therefore, it is very difficult for
management of the company to give equal importance to every employee or worker. If
equal importance is not given to each and every employee, than it will lead to conflicts
and disagreements at workplace. Therefore, management is finding it difficult to strike a
balance in this situation.
Identifying the code of conduct that will assist the process of resolving the above ethical issue
To solve ethical issues at workplace which have been explained in first part of this report,
there are various codes of conduct that needs to be followed:
 Know the law: Employees are the biggest asset of the company and therefore, it is
essential that are managed properly. Government is taking care of this factor, therefore, it
is formulating various laws that will regulate the stay of employees in any organisation.
Therefore, it is the responsibility of employers that they have the complete knowledge of
these laws, so that, stay of employees is very easy and productive in the workplace.
Under the Texas Whistle blower Act, for example, public-sector employees may be
entitled to damages if an employer engages in retaliatory actions based on an employee
who, in good faith, files a complaint related to workplace ethics (Jackson, 2018). This
Act grants "[a] public employee who claims that his suspension, termination, or other
adverse personnel action was in retaliation for his good faith reporting of violations of the
law the right to sue for damages and other relief."
 Set workplace expectations: There is a need of a healthy and satisfying work culture in
the office. This code of conduct will ensure low conflicts and high productivity at the
work place. Therefore, to create this kind of work place, employers should revise their
employee handbook that mentions about the policies and regulatory framework of the
project.
Discusses the support and guidance available from the relevant Professional Bodies
Employment law legislations in UK, are some of the laws that are defining the setup of
employment in an organizational setup (Killingberg, Kubberød and Blenker, 2020). Some of the
prominent employment laws in UK are describe below:
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 Employment rights act 1996: This act is defining the rights and duties of employees in
an organization and this comes under situations of dismissal, paternity leave, maternity
leave and also redundancy.
 National minimum wage act 1998: This act solves the issue of formulation of fair
compensation in global business environment. This act outlines the minimum
requirement of payment that needs to be transferred to employees in a situation. This will
help the management of the company to keep the income level in pace with the inflation
level of the economy. In addition to this, it will help the management to satisfy
employees in positive manner.
 Employment Relations Act 1999: Establishes a number of rights at work for trade union
recognition, de recognition, and industrial actions.
These organizations are engaged in regulating the legalese governance of workers in an
organisation also these institutions are improving the situations of working conditions in global
business environment. Companies are required to follow all these regulation, this will be
required to helpful in maintaining strong working culture. Moreover, there are fines and charges,
if the company is not following them.
Concludes with an assessment of the likely impact both the support and codes of conduct could
have on the issue
From the above discussion, it can be concluded that there are various issues and
challenges in a work place. Therefore, it is important that companies are formulating several
code of conduct and also following different laws so that these issues are overcome by the
company. These code of conduct and laws have several implications on business operations such
as, smooth business, improved productivity level along with profitability of the business. Code of
conduct will ensure transparent management system so that employees are satisfied. Strong
working culture is important for various reasons as follows:
 Organisation's core value will be saved if there is strong culture (Potter, 2020).
 There will be a participative management in the organization that will help management
to take advice even from lower level of management so that employees are satisfied and
also there is decreased employee turnover in the company.
 In a company, there are different team and groups, if there is good working conditions in
the company, than it will lead to collective team work spirit.
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Part 2
CPD plan
CPD stands for Continuing Professional Development. It refers to the process of tracking
and documenting the skills, knowledge and experience that you gain both formally and
informally as you work, beyond any initial training. It's a record of what you experience, learn
and then apply. Some professions use the term 'continuing professional development 'formally,
and require a certain amount of development activity to be carried out and documented each year
as a condition of maintaining your membership of, or registration with, a professional body, or a
licence to operate in that field (Strong and et.al., 2020).
CPD PLAN
Area of Learning Reflection of
Learning
Future Implications Action
Team work – in an
organisation, most
important thing is to
work in coordination
with other members.
This will lead to
smooth functioning
in a team. There will
be no conflicts and
hence, improved
productivity will be
there.
I have learnt that in
order to be successful
in professional
capacity, it is
important that team is
working in
coordination. In order
to be effective and
efficient, employees
should work in
coordination and
collaboration.
Team work will lead to
getting more information
about future prospects so
that success can be
achieved (Jones and
Mardis, 2020).
To achieve this
target, I will take
up conferences
and also attempt
to learn about
communication
skills.
Time management
refers to the process
While working in
team under the
Time management skills
is important is future
Time management
skills can be
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in which steps are
taken in order to
divide the time in
systematic manner so
that work can be
completed on time.
The good
management of time
helps in organizing
and planning the
activities which need
to be perform in
order to reduce the
work pressure and
ensure that work is
completed on time
effectively and
efficiently. Moreover
it is process where
time is decided
according to the
activities so that
effective planning
and controlling
practices can be
performed in the
most desirable
manner with motive
to accomplish the
goals and objectives
(Schiersmann and
guidance of superiors
and leaders I come to
learn that how they
are able to manage
the work according to
time so that work get
competed within
decided time limit.
professional capacities as
it will help to manage
balance in different
aspects of like, such as
personal and professional
roles. Furthermore, in
student life, it is
important to manage and
be punctual to every role
of life, so that success
can be achieved and a
student can pass with
flying colours.
improved using
different
techniques. Some
techniques are
making schedule
and also sticking
to it. Prioritizing
different tasks so
that things that
hold greater
importance can be
allotted more
time.
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et.al. 2016).
Communication
Skills- It is the ability
of a person to
communicate with
others in an effective
manner and make
them understand
what he wants to
convey.
It helps in
transformation of
information to
produce a better
understanding . It also
reduces the chances
being misunderstood.
It ensures a positive
future growth for an
individual. It also helps
in gaining competitive
advantage over others. It
helps in providing a right
career direction.
It can be improved
by keeping the
message short and
simple, listening
the other person
properly and by
maintaining the
eye contact with
the person you are
communicating
with.
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CONCLUSION
From the above report it has been summarised that global business organisations faced numerous
challenges in order to run a smooth business easily. These challenges are related to corporate
social responsibility, employment development, development of cultural diversity, employee
well-being and so on. Thus, it is required for them to develop different strategies that may help
them in providing direction for managing business activities in effective manner. With the helpof
this an organisation can develop a positive management in order to balance their operational and
functional activities appropriately. But the major requirement in this is needed to related by
considering global business environment.
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Preparing for a Professional Career

REFERENCES
Books and Journals
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Conroy, J.C. and et.al., 2020. Career Assistance From Psychology Programs and Career
Services: Who Is Preparing Psychology Students?. Teaching of Psychology.
p.0098628320958695.
Fletcher Jr, E.C., Warren, N.Q. and Hernández-Gantes, V.M., 2018. Preparing high school
students for a changing world: College, career, and future ready learners. Career and
Technical Education Research. 43(1). pp.77-97.
Jackson, D., 2018. Developing graduate career readiness in Australia: shifting from extra-
curricular internships to work-integrated learning. International Journal of Work-
Integrated Learning. 19(1). pp.23-35.
Killingberg, N.M., Kubberød, E. and Blenker, P., 2020. Preparing for a future career through
entrepreneurship education: Towards a research agenda. Industry and Higher Education,
p.0950422220969635.
Potter, L.E., 2020, June. Preparing for Projects: IT Student Self-Evaluation of Technical and
Professional Skills. In Proceedings of the 2020 on Computers and People Research
Conference (pp. 63-69).
Strong, M. and et.al., 2020. Development and validation of a global competency framework for
preparing new graduates for early career professional roles. Higher Learning Research
Communications. 10(2). p.5.
Jones, F.R. and Mardis, M.A., 2020, January. Preparing advanced manufacturing technicians for
the workplace: Perspectives from rural employers. In ASEE annual conference exposition
proceedings.
Schiersmann, C. and et.al. 2016. European Competence Standards for the Academic Training of
Career Practitioners: NICE Handbook Volume 2 (Vol. 2). Barbara Budrich.
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Preparing for a Professional Career