Business Finance
AU Current Issues Facing the Area of Management In Global Environment Discussion

auburn university

Question Description

I need support with this Management question so I can learn better.

The signature assignment for this course will require research, academic writing, critical thinking, and analysis on a current issue facing the area of Managing in a Global Environment. Through this assignment, you will demonstrate your ability to conduct academic research. The signature assignment requires a minimum of 20-pages (not including cover page, abstract, table of contents, and references), double-spaced, APA formatted academic research paper. Please note that this course requires you to focus your research based on existing research literature from peer-reviewed articles. The academic research paper will include the basic components of a non-empirical research paper which requires the following:

  • An introduction

1. Identification of a contemporary “Managing in a Global Environment” problem to be addressed;

2. A purpose statement;

3. Significance of the issue under study;

  • A literature review; and
  • A conclusion (recommendations and managerial implications)

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Final Answer

hi kindly find the finalized document.Do not hesitate to seek any clarification if need be.Thanks in advance

CURRENT ISSUES FACING THE AREA OF MANAGEMENT IN A GLOBAL
ENVIRONMENT

Current Issues Facing the Area of Management in a Global Environment
Student's Name
Institutional Affiliation

i

CURRENT ISSUES FACING THE AREA OF MANAGEMENT IN A GLOBAL
ENVIRONMENT

ii

Abstract
In the contemporary business arena, the majority of organizations operate in a globalized
economy. Business organizations not only cover the local community but also their span of
influence has extended to international. Even businesses, whose core operations, activities, and
markets are localized, are markedly influenced by global economic dynamics. There are also
businesses whose sphere of influence covers multiple countries i.e. international. The global
business community is a concept that has become a reality. The management of companies in a
globalized environment comes with diverse challenges. These critical challenges include cultural
diversities, distances, organizational communication, tariffs and taxations, choice of countries to
operate a business, human resource issues, political challenges, restrictive regulations, and
legislation. Businesses must strive to adapt well to the dynamics of a globalized economy if they
to explore their full potential

CURRENT ISSUES FACING THE AREA OF MANAGEMENT IN A GLOBAL
ENVIRONMENT

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Table of Contents
Abstract ........................................................................................................................................... ii
Current Issues Facing The Area Of Management In A Global ...................................................... 1
Introduction ..................................................................................................................................... 1
Purpose statement ........................................................................................................................... 2
Significance of the Study ................................................................................................................ 2
Literature Review............................................................................................................................ 2
Concept of Globalization ............................................................................................................ 2
Anti-Globalization Movements, Criticism and Support ............................................................. 4
Global Business Intra-Organizational Challenges ...................................................................... 6
Management in Global Market Place ......................................................................................... 7
National Variations in Economic, Political and Legal Environments ........................................ 9
Culture and Communication ..................................................................................................... 15
Conclusion .................................................................................................................................... 17
References ..................................................................................................................................... 19

CURRENT ISSUES FACING THE AREA OF MANAGEMENT IN A GLOBAL
ENVIRONMENT

1

Current Issues Facing the Area of Management in a Global
Introduction
Globalization is a contemporary force that leaders at the helm of business organizations
have to reckon with. It produces far-reaching effects in both the business and the community.
Businesses have been undergoing tremendous changes over time. One of the fundamental
business concepts of evolution is the extension of the armpit of influence from local to the
international business community. The familiar localized cultures have been shaken by palpable
awareness that it is impossible to be excluded from the global community. It has been realized
that almost every aspect of the world is interconnected. Many business firms are affected by the
globalization of market economies, supply chains, and information dissemination. The business
leaders, more than ever, are faced with an uphill task of exploring new markets and countries and
management of integrated various business dynamics from a worldwide perspective. Business
leaders need to navigate through many challenges of managing organizations' activities and
operations in international markets.
International markets are intricate, delicate and unpredictable. Variations in political,
economic and legal environments, present a body of challenges to business managers. The
organizational management has to develop curiosity about how the world operates, embrace
exposure to diversity and nurture the integrated approach of bridging knowledge and skills on
international cultures and markets. In crux, corporate leaders need to leave comfort zones and
develop effective adaptation to international business dynamics.

CURRENT ISSUES FACING THE AREA OF MANAGEMENT IN A GLOBAL
ENVIRONMENT

2

Purpose statement
This study aims to examine the challenges that corporate or business management faces
while operating in a globalized economy. These issues emanate from broader concepts such as
global economies, local economies, political environment, legal and social issues, amongst
others. From such an analysis, the study will provide critical recommendations that business
leaders can adopt in a bid to manage diverse challenges that arise from international business
endeavors.
Significance of the Study
This study presents critical insights onto challenges that bedeviled business leaders while
managing the business from a global perspective. It is crucial to learn and get conscious of
critical concepts that bring sound impacts on international business. It is out of these learning
exposures that businesses can innovate and develop effective approaches to conquering
international market niches without facing significant challenges. The study provides
conclusions that business managers can draw solutions to current business hurdles in the global
economy. This paper seeks to unravel a range of strategic concepts that are aimed at nurturing
business leaders who are bestowed with knowledge, skills, values, and cross-cultural
intelligence. These are leaders who can bring tremendous progress in the community and
businesses if they put into perspective diverse concepts such as the legal, political, cultural and
economic environment.
Literature Review
Concept of Globalization
Globalization is a process in which business organizations extend their sphere of
influence to an international or global scale. Hill & Hernández-Requejo (2020) defined

CURRENT ISSUES FACING THE AREA OF MANAGEMENT IN A GLOBAL
ENVIRONMENT

3

globalization is mobility towards a more integrated and interdependent international economy. It
is characterized by the globalization of markets where distinct and separate market units are
aggregated into one economy. The process of production is also globalized whereby products
and sources are sourced from different parts of the globe while taking advantage of national
variations quality and cost of factors of production such as land, labor, energy, and capital. A
critical shift has been witnessed in the world economy; the national economies which appeared
as isolated, self-contained units and bounded by barriers are quickly undergoing dissolution.
Some of the fundamental items that restricted business in national or localized economies
included distances, languages, time zones, business systems, culture and state regulations (Hill &
Hernández-Requejo, 2020). Trade has now crossed the borders and exploration of new markets
is a remarkable phenomenon in the world as we speak.
The border trade and investment restriction are quickly declining; this is being boosted by
the shrinking of the perceived distances due to modernizations in technology and transport
systems. Material culture is assuming similarity th...

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Duke University

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