Topic > Impact of Management in Business Globalization

Globalization is the increase in a company's productivity by using international borders to increase and multiply production and profits. It has grown tremendously in the 20th century and is expected to continue to grow due to its rapid popularity. First, globalizing a company means moving or building a branch of a company to a different country to expand consumer demographics, to take advantage of that country's cheaper costs and tariffs, and slightly different rules and regulations. less rigid. Management in business globalization has become more complicated due to different restrictions on management and employee relations due to this internationalism. While this represents a serious problem, if the right measures are taken, it can be managed. First of all, let's talk about multinationals or multinationals. These are the basic and primary physical characteristics of globalization. Investopedia defines multinationals as “A company that has its facilities and other assets in at least one country other than its home country.” This means that companies can open service facilities and manufacturing plants in other countries. While this can be positive by providing job opportunities to developing countries and access to a variety of products, it can also turn negative by not providing jobs to people in their home countries and ultimately exploiting the resources of developing countries. way of development. This is where management problems arise. Managers face culture shock when sent to a corporate headquarters abroad, ensuring that employees are paid fairly and maintaining the ethical duty of their position. Culture shock is probably one of the most difficult things management has to deal with...... middle of paper....none. Retrieved April 15, 2014, from http://www.insidebusiness360.com/index.php/effects-of-globalization-on-leadership-and-management-12513/.Management Styles, Group & Motivational Orientation. In the cultural profile of Saudi Arabia. Retrieved April 15, 2014, from https://sites.google.com/site/moensaudiarabiamgt755/management-styles-group-motivational-orientation.Multinational Corporation - MNC. On INVESTOPEDIA. Retrieved April 15, 2014, from http://www.investopedia.com/terms/m/multinationalcorporation.asp.Sharon Thomas. (2001). The phenomenon of culture shock. In the LSC. Retrieved April 15, 2014, from http://www.educ.utas.edu.au/users/tle/journal/articles/Thomas/Thomas.htm.unfined. (2006). The impact of globalization on human resource management in Zambia. IN OSSREA. Retrieved April 15, 2014, from http://www.ossrea.net/index.php?option=com_content&view=article&id=374.