Global Management Essay

604 words - 3 pages

The term globalization is not an unfamiliar one. In fact, global commerce has become a way ofbusiness for some U.S. companies. Globalization is about international economy, open markets,competition, and free enterprise of goods, services, and capital. As domestic industries ventureabroad to global communities, the paradigm of organizational management must seek to protectforeign investments and enhance a global growth strategy. Organizations must have a strongmanagement team and a strategic plan to organize the mobility of affairs between nations.There are a host of concerns that businesses embarking on global matters should be alert to andprepared for in the face of challenge. Global management is a challenge in and of itself.Managers must learn to embrace the concepts of the global market and ...view middle of the document...

3) Imports/Exports- Organizations must weigh the cost against the benefits of moving productsout of the country, whether via cargo or air or necessitate production overseas; considertaxation.4) Climate considerations-It is important to consider the change in climate when shippingproducts whether excessive heat, extreme cold, or condensation will affect the product.5) Supply and Demand-are the resources (human laborers, material, etc) available and is there amarket, or demand for the product or services?6) Opportunities-Increase in production, efficiency, and profits; expanding to a broader marketof consumers.7) Threats-Competitors saturate the domestic and foreign markets, resistance from workers orterrorist8) Cultural diversity-brings new ideas, and perhaps different skills into the organization, therebycontributing to the overall success.9) Values/Ethics-Preservation of cultural groups value systems,beliefs, and upholding internationalethics such as those described in The Caux Principles.10) Language Barriers-Business agreements and transactions should be clear and concise andmay warrant bilingual assistance.11) Product Worthiness-Analysis and research may be helpful in defining a products value orneed (demand) and strategy for process improvements.The global market and worldwide economy are directly proportionate. As international tradeincreases, jobs are created, especially in poor countries, by the hundreds of thousands.Although globalization brings new, innovative, and creative products to U.S. soil, some stillprotest that global enterprise facilitates poverty in America, job loss and reforms, and foreignconflicts. In addition to operating in a market of uncertainty, global managers must be ardentabout their leadership ability and be prepared to accept the challenges in the globalenvironment.

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