Discuss The Impact Of Globalization On Business Management

The Impact of Management in the Globalization of Business

In my attempt to discuss the impact of management in the globalization of business I looked at the terms “business management” and globalization”.

According to an article Published: 2016-03-27 entitled The Effects of Globalization on Business Management, “Business management is the act of getting people together to accomplish desired goals and objectives. Globalization in short, points to the whole effort towards making the world global community as a one village. Globalization on business management is interconnection of international markets and managing businesses in a global industry. This includes foreign investments whereby a company expands its business and invest in foreign

They can identify their competitive advantage by determining what the company does better (or can do better) than its competitors. Next, managers should evaluate the regulatory environment of the prospective markets, since knowing tax, trade, other related policies is essential for a successful international business. This step entails determining the respective tariffs and trade barriers of prospective markets. Different types of trade barriers may influence the kind of business activity a company chooses for a particular market.

“Management styles are characteristic ways of making decisions and relating to the organization, managers, and subordinates. Different management styles can be employed dependent on the culture of the business, the nature of the task, the nature of the workforce and the personality and skills of the leaders. Every style has its own characteristics, strong points, shortcomings, and methods for getting work done.

There are four basic types of leadership styles, further classified as per specific methods of management. They are autocratic, democratic, participative, and laissez faire.

India is an enormously hierarchical society and this, obviously, has an impact on management style. It is imperative that there is a boss and that the manager acts like a boss. The position of manager demands a certain amount of role-playing from the boss and a certain amount of deferential behavior from his subordinates… Anglo-Saxon concepts of egalitarianism where the boss is the primus-inter-pares are virtually incomprehensible in a society still dominated by the historical conventions of the caste system… Managing people in India requires a level of micro-management which many western business people feel extremely uncomfortable with but, which is likely to bring the best results.” Management Styles: U.S., Europe, Japan, China, India, Brazil, Russia, January 10,