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 …show more content…
The revenue from Internet-based B-to-B exchange was $34 billion in 1998 (E-procurement, November 20, 2000). In the year 2002, the market size grew to $870 billion. Management adoption of this system has led to the increased globalization of business because organization can now perform their exchanges faster and in time, also easier access to new markets and suppliers, and efficient management of the whole supply chain process. The success of worldwide retail chain has been attributed to the electronic data interchange (EDI) system installed among its pool of suppliers. The ubiquity of the Internet allows more companies and Multinational Organizations to operate on a common platform, which encourages business …show more content…
Managers must be accessible at all times and willing to share knowledge within group. Manager is seen as a type of father figure who expects and receives loyalty and obedience from colleague. These are two entirely different leadership styles, making it difficult for either the Japanese to flourish under American style or vice versa. The need for integration of these styles is important. Without integration of different styles of management there will be great decrease in the globalization of business due to lack of foreign employees been able to excel under a different managerial style from that which they are accustomed to.
Managerial culture of Nigeria
Nepotism has been one of the most common managerial cultures in Nigeria. Many managers within this region tend to give jobs and other favors to relatives regardless of their qualifications. Such unethical practices by management creates no room for small upcoming enterprises to flourish globally, rather this practice has brought about heightened corruption as greed overcomes
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 …show more content…
The revenue from Internet-based B-to-B exchange was $34 billion in 1998 (E-procurement, November 20, 2000). In the year 2002, the market size grew to $870 billion. Management adoption of this system has led to the increased globalization of business because organization can now perform their exchanges faster and in time, also easier access to new markets and suppliers, and efficient management of the whole supply chain process. The success of worldwide retail chain has been attributed to the electronic data interchange (EDI) system installed among its pool of suppliers. The ubiquity of the Internet allows more companies and Multinational Organizations to operate on a common platform, which encourages business …show more content…
Managers must be accessible at all times and willing to share knowledge within group. Manager is seen as a type of father figure who expects and receives loyalty and obedience from colleague. These are two entirely different leadership styles, making it difficult for either the Japanese to flourish under American style or vice versa. The need for integration of these styles is important. Without integration of different styles of management there will be great decrease in the globalization of business due to lack of foreign employees been able to excel under a different managerial style from that which they are accustomed to.
Managerial culture of Nigeria
Nepotism has been one of the most common managerial cultures in Nigeria. Many managers within this region tend to give jobs and other favors to relatives regardless of their qualifications. Such unethical practices by management creates no room for small upcoming enterprises to flourish globally, rather this practice has brought about heightened corruption as greed overcomes