Impact Of Globalization On Business Management Essay
According to an article Published: 2016-03-27 entitled The Effects of Globalization on Business Management, “Business management is the act of getting people together to accomplish desired goals and objectives. Globalization in short, points to the whole effort towards making the world global community as a one village. Globalization on business management is interconnection of international markets and managing businesses in a global industry. This includes foreign investments whereby a company expands its business and invest in foreign countries.
Managers within the global face a lot of challenges due to high competition in the industry, good decisions must be made in order to satisfy and maintain their customers and attract more customers for their products. “
Mangers in the global market place should have a global perspective and should also be able to source resources in terms of material at the place of origin and take advantage of cost saving opportunities. Global managers are charged with the planning, organizing, leading, and controlling multinational corporations. The definition given for a multinational corporation (MNC) by the internet is one that has its facilities and other assets in at least one country other than its home country.
Global mangers must strategize in order for their businesses to be a success…