Benefits Of Managing A Global Business Essay

743 Words Sep 8th, 2016 3 Pages
One of the most important components of the globalization of business is management. Without proper management, work life would be chaos. While there are many pros and cons to managing a global business, I will take you through a select few today. Not only do managers need to worry about managing their own employees, but now they must coordinate with other managers around the world. However, working with different people all over the world then makes them more aware of the environment and making sure that their companies are being conscious of their own carbon footprints. In addition to each of those points, I think that ultimately managers take on much more responsibilities than they would if they worked for a one country based business. First and foremost, outsourcing work is becoming more and more common in today’s world. This too comes with many pros and cons, however, I do believe the pros outweigh the cons by a long shot. Not only does outsourcing save on labor costs (sometimes) and keep product prices down, it also saves on time. We all know time is money these days. Our reading cites specific examples of this, one being that if someone in Dallas finished their work at closing time, it could then be sent to Hawaii until their closing time, and then eventually to India. Once in India they would be able to work on it until the job was sent back to Dallas the following morning. Now this does set more responsibility on managers since we are not…

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