The Impact of Management in the Globalization of Business

The world of business nowadays ignited and soared globally. It’s in the context of business itself. It’s inevitable. With this, the way the management manages such globalization in business has been affected consequently. According to Tabb (2008), globalization refers to the eruption and rise of global civilization in which economic, political, environmental, and cultural proceedings in one area of the world affected another and is the result of communication, transportation, and information technology advances. On the other hand, management is â€Å"the art of getting things done through the efforts of other people† (Carpenter, Taylor, Erdogan, 2009). Given this definition, how would the management run a business in global standards? It would serve as a guide on the possible impacts of management in the globalization of business such as the business locale, international standard issues, market and customer base, international employee rates, increase in global competition and opportunities, and establishment of a network of global contacts and partners. Simply, business globalization gave rise to the foreign ventures of â€Å"multinational corporations†. However, it brought up both benefits and undesirable effects and utmost responsibilities. Robert Lipsey (2014) pointed out that he is â€Å"interested in whether foreign investments by multinational firms do what opponents of globalization claim they do: that is, lead to unemployment and reduced exports in the companys home countryShow MoreRelatedThe Impact Of Management On The Globalization Of Business849 Words   |  4 PagesThis essay is about the impact of management on the globalization of business. The impact of management will be on the following management topics: the multinational corporation; culture shock experienced by managers who work abroad; fair trade issues; ethical issues faced by managers in dealing with international business; the difference managerial styles in selected countries (for example Japan vs. the U.S. or Saudi Arabia vs. the U.S.); and the managerial culture of a selected country. BeforeRead MoreImpact Of Management On The Globalization Of Business1374 Words   |  6 Pages Impact of management in the globalization of business Ruth Wills University of the People Abstract The purpose of this paper is to show impact of management in the globalization of business. The following topics are addressed in this paper: 1. Definition of Multi-National Corporation 2. Cultures and Norms 3. Management Style and Culture Shock 4. Management Style of a Multi-National Corporation : Toyota Motors 5. 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Management has been impacting the globalization of business positively and negatively. Since the beginning of international trade through the 20th century trade expanded rapidly as a result of improvement in many aspect such as communi cation transportation and management .There are some important subject when it comes to impact of management in globalization of business. The multinational