Examples of globality in the following topics:
-
- How can the organization build the necessary global presence?
- How can the organization turn a global presence into global competitive advantage?
- Globalization is not limited to cost leadership, however.
- The globalization strategy of Starbucks—while it includes selling in many countries—is hugely depending on global sourcing, and strategic managers must carefully monitor this process for costs and benefits.
- Explain the concept of global strategy within the context of international business and a globalized economy
-
- Globalization is a hot topic in the business world today, garnering enormous attention as imports and exports continue to rise with companies expanding across the global marketplace.
- Developing this global skill set is a powerful managerial skill.
- A global economy is, in many ways, enforcing a global culture.
- Combining these points, the globalized society presents enormous opportunity for businesses.
- Assess the evolution of globalization in the business world and the challenges this has created
-
- Strong global management skills, intercultural competence, and a sensitivity to cultural issues are necessities for global managers.
- As multinational corporations grow in both size and quantity, the inherent managerial implications of a fully globalized economy demonstrate higher levels of relevance and importance within global corporations.
- Through identifying the necessary global skill set and effectively implementing these global managers within the business structure, multinational corporations can attain competitive advantage through cross-cultural knowledge.
- With theories, such as globality underlining the trajectory of global inter-dependency, this opportunity is a necessary consideration to any multinational corporation hoping to remain a competitor in a fully globalized economy.
- Recognize the considerations global managers are faced with as they integrate into a broader and more globalized business environment
-
- In the modern global market, diversity is essential to generating innovative ideas, understanding local markets, and acquiring talent.
- There are many arguments for diversity in business, including the availability of talent, the enhancing of interpersonal innovation, risk avoidance, and appealing to a global customer base.
- Some theorize that, in a global marketplace, a company that employs a diverse workforce is better able to understand the demographics of the global consumer-marketplace it serves, and is therefore better equipped to thrive in that marketplace than a company that has a more limited range of employee demographics.
- As noted in the chart above, globalizing organizations capture significantly better revenues in modern markets.
- "Nonglobalizing" countries averaged around 1.5% GDP growth in the 1990s, while globalizing countries averaged around 5% GDP growth.
-
- Managing diversity and inclusion in organizations is a critical management responsibility in the modern, global workplace.
- Global business demands management that can work in a diverse environment, minimizing friction while capturing the value of different perspectives and skills.
- Due to the wide variety of benefits inherent in employing a global workforce (new perspectives, innovation, localization, unique skill sets, etc.), managers must carefully attune their management strategies in a way that is inclusive and effective.
- Global business demands management that can work in a diverse environment.
-
- Because there is no global, democratically elected body to which organizations must account, global organizations from all sectors' bodies are often criticized as having large accountability gaps.
- One emblematic problem in the global context is that of institutions such as the World Bank and the International Monetary Fund, which are founded and supported by wealthy nations and provide aid in the form of grants and loans to developing nations.
- In the debate over global justice and its distributional consequences, those in highly developed, heavily populated areas tend to advocate greater accountability to traditionally marginalized populations and developing nations.
- On the other hand, those who adopt a more nationalistic or provincial view deny the tenets of moral universalism; they argue that beneficiaries of global development initiatives have no substantive entitlement to call international institutions to account.
- The One World Trust Global Accountability Report, published in a first full cycle from 2006 to 2008, is one attempt to measure the capability of global organizations to be accountable to their stakeholders.
-
- These include economic factors, competitive dynamics, new technology, globalization, and legislative changes:
- Globalization - Capturing new global markets requires product, cultural, and communicative adaptability.
- Catering to new demographics and identifying opportunities and threats as they appear in the global market is integral to adapting for optimal value.
- Organizational Restructuring - Organizations may be required to significantly alter their existing structure to adapt to the development of new strategic business units, new product lines, or global expansion.
-
- Global businesses demand management that can work in a diverse environment.
- Diversity provides organizations with the ability to compete in global markets.
- Global business demands management that can work in a diverse environment.
-
- In order to succeed, modern organizations must constantly adapt to evolving technologies and expanding global markets.
- Technological innovations, global market expansions, and the potential for constant (sometimes disruptive) innovation all point to the need for organizations to be adaptive.
- There are a number of examples in which some organizations have adapted to new technologies or global competition, while others have failed to adapt and subsequently gone under.
-
- Globalization demands a diverse workforce, and assimilating varying cultures, genders, ages, and dispositions is of high value.
- Globalization has resulted in enormous cross-cultural relationships, along with high percentages of domestic diversity.
- As globalization creates higher potential value in approaching diverse markets and demographics, understanding how to manage a diverse community internally is a priority for management.
- However, as the global economy requires businesses to understand varying perspectives, it also necessitates the cultivation of these diverse perspectives internally.
- Explain the inherent value diversity generates in the competitive landscape and the challenges globalization presents