The global environment and the economy often play critical roles of forcing business partners to make adjustments within the company and results to the positive outcome. The mandatory changes afford the chances which may have been overlooked in the past. As such, they can lead to higher employee morale and increased performance and ultimate greater returns for the business. Therefore, they way the corporations respond to the international economy influence the opportunity of the success and survival in the world environment.
Managing People in Global Organizations
As organizations in different sectors are staking a greater portion of their expansion plans on the world growth, the consistency and precision with which they pursue skills management capabilities, leadership development, and HR polices must broaden. Retaining and attracting the skilled labor, increasing performance, structuring the company, and stabilizing the workforce in the current market is necessary to ensure competent and credible leadership is in correct locations and featuring a way of life which is regular and also accommodates the local ideologies ,these competencies and activities are vital to organization achievement in the global environment.
The most subtle and profound issues facing companies in the global environment is adopting a true neutral environment in the global perspective regardless of the presumptions and the dominant roles. Today, people have expanded their presumptions about the nation’s economic dominance and other centers of influence and power which are ever rising (Oladipupo 2011, p.66). Future business managers of the corporations must be well groomed to lead and operate in an international environment (Gverijeri 2016, p.435). Ultimately, the executives should be trained regarding to the current business management and to prepare their minds both psychologically and emotionally set.
For example, Unilever’s business model depends on the growth of its availability in the international markets, particularly in the emerging markets. In this company, the managers were informed of the expansion on the scale that demands the waves of the latest hiring procedures across the global market. To ensure higher levels of the productive cost efficient, Unilever is exploring for potential ways of managing employees in the methods which are aligned with the world technique to workforce services while complying with the statutory certifications and respecting local ideologies how workers are paid, motivated, and developed.
Managers and Management
Management refers to an act of bringing people together to pursue a common objectives and goals using the available resources effectively and efficiently. Additionally, management can be defined as individual actions which comprise of design to facilitate the creation of the effective results from a system. The ultimate functions of the management are staffing, organizing, planning, controlling, and directing. The management concept is required to facilitate the coordination efforts towards accomplishing of the Corporation’s aims (Ritter and Geersbro 2018). Good managers regularly align their companies towards increasing the sales revenues. Precisely, leaders are required to maintain their corporations on track by ensuring all the activities are ethically done and geared towards offering the client demands.
Provide Arguments on How the Two Topics Relate With Other in Global Environment to Prove Competitive Advantage for Organizations
The concept of globalization emerged in 1990s and by the 21st century, there is no indication that it will come to an end. Essentially, the idea refers to the expansion of investment and trade, characterized by the growth in the world business and the economic integration worldwide. (Yin, Nishi and Grossmann 2015, p.1176) assert that globalization is based on the significant number of the relative simple premises such as a good understanding of the opportunities which result to increase in the international investment and trade and the number of the business functioning across the regional borders, and these expansion imply that different economies across the world are closely consolidated.
Managers should be conscious that competitors, partners, locations, supplies m investors, and markets can be located anywhere in the globe. The successful organizations would take the benefit of the opportunities wherever they exist and get prepared for any setback. The competent leaders in this setting should understand differences and similarities across the regional borders to make good use of the deal and chance with the potential drawbacks (Passaris 2015, p.3198). Notably, the business globalization is easy to identify in the spread of multiple services and brands in the entire world. For example, automobiles and Japanese electronics in North America, Asia, and Europe while the US entertainment, financial services and automobiles are ordinary in North America, Asia, and Europe. Moreover, organizations have become multinational and transnational since they have headquarters in one nation and subsidiary branches spread in multiple countries. For example ,the Japan automaker Honda works in the biggest single factory in US while the United States based Coca – Cola has plants in other states such Belgium and France with approximately 80 percent of the company’s total profit coming from overseas revenues.
Overall, an organization develops it is global model by considering its general strategy which comprise of the operations both regionally and internationally. Notably, managers can consider the following aspects while operating worldwide; synergy, resource allocation, scope of operations and the ultimately competitive advantage. More importantly, the management must consider the geographical locations as they expand their operations past the boarders of the available markets and niches in several regions (Passaris 2015, p.3200). Since corporations have restricted resources and various locations provide varying advantages, mangers should, therefore, identify the trading place which offers the entity with ultimate opportunities. Moreover, the managers should emphasis on the global system which effectively use the organizational resources to enable it compete successfully in the special markets. The company’s framework planning determines the relative essential of the multiple company rules and bases of the resource allocation on the relative benefit of each responsibility (Passaris 2015, p.3204). In a sense, an enterprise may decide to share its capital on the basis of the geographical locations and product lines.
Management is in charge with the mandate of deciding the potential market which will enable an organization to achieve the competitive advantage over other corporations in the sector. They execute this obligation by determining the operations of the company which are superior to that of their rivals. Moreover, the managers may notice this benefit via host of the approaches such using competitive innovation, distributing models, cultivating famous brands, and implementing efficient institutional practices. This plan involves identification of the potential and existing segments of the competitive benefits and the development of the proposals for sustainable areas of the superior gain (Yin, Nishi and Grossmann 2015, p.1175). Ultimately, an international system should encompass setting the plan for an organization which activates various operations and functions to benefit each other. For example, a corporation can decide to employ a certain line of items to promote the sale of another goods and thereby making is possible for other portions of the business to help one another.
Multiple organizations are outsourcing several of their operations globally. For example, if a client calls to enquire about the credit card, he/she maybe talking to an expert in Mexico or India. Equally, producers mostly outsource their production to cut the labor costs. Regards over the ethical problems such as child labor and sale led to corporations outsourcing skilled labor under monitored conditions (Gverijeri 2016, p.440). Particularly, the offshore production may be subjected to the surprise searches and visits and the external factories are supposed to adhere to unique criteria.
While several aspects of the global system and its making are famous to their local counterpart, some vital element s are note and hence the need for the various approached and varying kinds of data. Acquiring knowledge of the world markets is one of the main ideologies and the critical part of creating an international model. For companies to penetrate current and capture the market share and increase the revenue margin, it is significant for the managers to understand the market prospective. At the primary tier, a corporation must assess the various markets, examine the merits and demerits of entering in each trading place and finally selecting the location which is likely to provide greatest platform for growth and expansions. While appraising multiple world markets, an organization should mainly consider h the cultural factors, regulation, competition and the potential for each market. Ultimately, the company managers can review the data concerning the transportation, per capita GDP, and gross domestic product (GDP).
References
Gverijeri, L.R. (2016). The significance of intercultural competence in cross-cultural communication. Econviews-Review of Contemporary Business, Entrepreneurship and Economic Issues, 29(2), pp.433-451.
Oladipupo, A.O., (2011). Concepts and Measurement of Culture in Organizations. Journal of Communication and Culture, 1(1/2), pp.64-86.
Passaris, C.E., (2015). Internetization and the new global economy of the 21st century. In Encyclopedia of Information Science and Technology, Third Edition (pp. 3197-3205). IGI Global.
Ritter, T. and Geersbro, J., (2018). Multidexterity in customer relationship management: Managerial implications and a research agenda. Industrial Marketing Management.
Yin, S., Nishi, T. and Grossmann, I.E., 2015. Optimal quantity discount coordination for supply chain optimization with one manufacturer and multiple suppliers under demand uncertainty. The International Journal of Advanced Manufacturing Technology, 76(5-8), pp.1173-1184.
