The Pros And Cons Of Globalization And International Business

The term management encompasses a variety of skills, needs, and tasks to be fulfilled. As business grows and expands from domestic to international, management styles must also adapt and evolve to embrace cross cultural skills. Over the past 20 years, globalization of business and trade has been fast tracked due to the advancements in technology, travel, and the introduction of internet marketing and team management. These advancements have made access to products and resources from international outlets more accessible and affordable to organizations looking to branch out into international business dealings. In return, the managers of these organizations are now dealing with a more educated skill set across the globe while demanding more efficiency from these workers as well. Business managers are the leader of their organization. Management is looked to by members of their team for direction on the tone of the organization and guidelines on how the company business is to be conducted. With the introduction of globalization and international business, ethics and value based managerial skills have become more vital to the managerial role. When a company branches out into international markets, managers gain the responsibility of learning the legal structures and ethical framework of the country in which they are being established. Legal and ethical business …show more content…
It is a movement that shows no signs of slowing down, and therefore managers are being required to become more aware of other cultures, diversity, and also to base their management styles on value and ethics. International management is interesting and challenging, and requires a skill set above and beyond that of the traditional manager. A manager in an international market is required to be ethical, aware of the legal framework of the country in which they are operating, and also environmentally responsible for their branch of an