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¶ … Globalization
Scholars define globalization as the growing integration of the societies and economies across the globe. It is the process of integration and interaction among individuals, governments and companies of different countries. This process is influenced by international investment and trade, with the aid of information technology.
Globalization is creating environmental uncertainty for business enterprises (Bryson, 2011). As markets become international, the numbers of variables a corporation must consider in decision-making become huge and much complex. The uncertainty of the environment is a threat to the strategic planning process because it hampers the ability to craft long-term goals and to make strategic decisions that hold the firm in equilibrium with its external atmosphere. Drawing from Michael Porter's concepts, global sectors differ from multi-domestic to international. Multi-domestic enterprises focus on a nation while multinational industries and corporations tend to be global. The difference between these two patterns is extremely challenging for strategic planning. As such, each provides new challenges particular to its environment. Therefore, operating a business sin the global field needs international societal consideration.
From the business dimension, another impact of globalization is that of expanded markets. It implies that businesses that had previously only sold...
A good illustration of expanded markets is the auto sector. Before the collapse of the Berlin Wall, inhabitants of nations under communism could only access cars that were manufactured domestically or in communist member nations. This was because of existing trade barriers with the West. After the collapse of communism, Western nations expanded their markets to former communist economies. In turn, this expanded their profit potentials (Markovic?, 2012).
Following globalization, the business arena has been altered dramatically in recent years. These changes are profoundly affecting organizational efforts to become successful. As such, organizations are identifying and focusing on factors that affect their success. One factor that seems to be getting more attention than others is stakeholders, particularly employees as they are the people within the firm. Organizations have realized that their chance of success relies on learning to get the most out of their employees (Markovic?, 2012). This realization has significantly impacted the practice of strategic planning. Experts project that the role of stakeholders is expected to see more changes in future. Therefore, new business entrants must understand the importance of organizational success in gaining a sustainable competitive advantage.
Presently, effective management of the organizational human resource…
References
Bryson, J. M. (2011). Strategic Planning for Public and Nonprofit Organizations: A Guide to Strengthening and Sustaining Organizational Achievement (Fourth Ed.). San Francisco, CA: Jossey-Bass
Markovic?, M. R. (2012). Impact of Globalization on Organizational Culture, Behavior and Gender Roles. Charlotte: Information Age Pub
Organizational Culture and Leadership Leadership is power, exercise of influence of an authority that seeks to inspire the conduct of others (individuals or groups) in order to get them to voluntarily achieve clearly defined objectives. While some have naturally predisposed to leadership, it is also true that leadership develops over time. What is the key to a productive leadership? How to improve weaknesses to achieve positive results? How to mobilize and
Globalization has become one of the most widely discussed issues and concepts in the business world during the last few decades. Globalization influences economy, societal life, and business environment in a number of ways (Bella, 2010). The increased level of competition, information transfer, outsourcing, and technological advancements are the major impacts of globalization on the business community (Boudreaux, 2008). Moreover, the impact of globalization on organizational culture and operations cannot
(Greenwood, 1996, pp. 1022 -- 1054) (Reichers, 1997, pp. 48 -- 59) The Organization's Culture can be changed Despite these kinds of claims, there are examples of how an organization's culture can be transformed. The reason why, is because many firms have leaders who are able to inspire and work with staff members to change the operating environment. As, they are addressing those issues that are: most important to employees and
Over the past decade, 'culture' has become a common term used when thinking about and describing an organization's internal world, a way of differentiating one organization's personality from another. In fact, many researchers contend that an organization's culture socializes people (Stein, 1985) and that leadership styles are an integral part of the culture of an organization. A culture-specific perspective reflects the view that the occurrence and the effectiveness of certain
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Organizational Behavior In 1984, the movie The Gods Must be Crazy depicted a Kalahari bushman who finds a Coca-Cola bottle that was discarded from an airplane into the desert. The bushman does not recognize the bottle or the brand, and the situation leads to all manner of confusion among the tribe, who try to decipher the meaning of the bottle. Such a story would be rather incomprehensible today, that there would