International Integration Arising From Interchange World Views

976 Words Sep 18th, 2015 4 Pages
Impact: According to Merriam Webster impact is defined as having a major influence or effect on something or someone.

Management: These are the set of people who control and make decisions about a business for an organization in order to achieve its set goals [Merriam-Webster]

Globalization: Is the process of international integration arising from interchange world views, ideas and cultures of people marked especially by tapping cheaper foreign labor and free flow of capital.

Business: Can be defined as the activity of buying, selling goods or providing services in exchange for money. [Merriam-Webster]

Cultural shock: This is a feeling of confusion, doubt or nervousness caused by being in a place or foreign country that is very different from what you do. [Merriam-Webster]

Fair trade: This is a movement whose goal is to help producers in developing countries to get a fair price for their products so as to reduce poverty. [Merriam-Webster]

Introduction

Management has had great benefits in the globalization of business as well as negative impacts. Some of these benefit’s are;

• Management adopting Internet based communication system within Multinational Corporation.
• In terms of managements support through encouragement, training and development of subsidiary managers abroad on how to overcome cultural shock.
• Management contributing towards resolving issues of fair trade.

On the other hand some of management’s negative impacts in the globalization of business are;…

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