Nobody downloaded yet

Impact of Globalisation on the Cultural Environment of Business - Essay Example

Comments (1) Cite this document
Summary
Globalisation refers to the process of building global relationship among people, economy, and culture of different countries. It involves distribution of the services and the goods in the global marketplace. Globalisation also reduces the trade barriers such as, import quotas, tariffs and export fees among others. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.6% of users find it useful
Impact of Globalisation on the Cultural Environment of Business
Read TextPreview

Extract of sample "Impact of Globalisation on the Cultural Environment of Business"

Download file to see previous pages It involves distribution of the services and the goods in the global marketplace. Globalisation also reduces the trade barriers such as, import quotas, tariffs and export fees among others. Globalisation includes the transfer of required skills, knowledge, methodology and labour. Globalisation creates a significant impact on the business environment of every economy. The impact of globalisation can be either positive or negative. Globalisation specially puts its impact on the culture of an organisation. The positive impacts can be termed as increased employment while the negative impact of globalisation on businesses can be identified as fierce monopolistic competition. It also helps to share the ‘technical know-how’, the spread of culture and education and the ethical-legal effects. Globalisation also raises various challenges for an organisation such as increased rate of operational costs, the increased rate of slavery and child labour, increased rate of terrorism all over the world. Globalisation has significantly influenced the famous multinational company of US, Microsoft. A publication report of Oxford University Press has stated that, “the events in one corner of the globe can have a major impact on others, sometimes good, sometimes bad” (Oxford University Press, 2011). Microsoft, the famous multinational company of United States of America is engaged with providing Information Technology based services to global consumers. It also possesses patent rights for manufacturing various kinds of computing products with the help of multiple divisions of production scatted all around the world. Microsoft deals in the division of the online search engines services such as Bing, Skype and also in the interactive entertainment business segment. Microsoft also serves their customers with ‘Microsoft business solutions’, ‘Windows phone division’, Windows & Windows live division’ and ‘Microsoft office division’ among others (Oxford University Press, 2011). The major objective of the study is to highlight the impact of globalisation on the cultural environment of the business in the USA. The paper would involve the renowned multinational company, Microsoft to analyse and to evaluate the various theories and factors of the impact of globalisation on the business culture. The study would also involve a conclusion for the overall discussion. Findings Theoretical Framework of the Analysis Globalisation is one of the most important and popular trends in business at present times. Globalisation involves the process of sharing of knowledge, skills, education, labour, economy and social-political environment. There are certain positive and negative effects of globalisation in every organisation which are globally connected. The culture of a business considers the personal traits, different languages, races, religions among others in their approach to globalised business. The various positive effects of globalisation consist of factors like increased competition. These factors influence the companies to perform better and to produce quality goods due to the competition among them. These factors also focus on the satisfaction of the customers and to produce improved services and goods quality. The other positive effect of globalisation is in relation to employment. Due to the globalisation the companies are trying to be more efficient and goal oriented with effective skills, labour, and improved potential. According to Wright, “more demanding skills are needed, especially with the growth in the need for so-called knowledge workers” ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Impact of Globalisation on the Cultural Environment of Business Essay”, n.d.)
Retrieved from https://studentshare.org/business/1394265-impact-of-globalisation-on-the-cultural
(Impact of Globalisation on the Cultural Environment of Business Essay)
https://studentshare.org/business/1394265-impact-of-globalisation-on-the-cultural.
“Impact of Globalisation on the Cultural Environment of Business Essay”, n.d. https://studentshare.org/business/1394265-impact-of-globalisation-on-the-cultural.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
do
dovie50 added comment 5 months ago
Student rated this paper as
I had an issue with a essay types of works. All until I came across this website and this particular paper. Even though "Impact of Globalisation on the Cultural Environment of Business" is far from my studies, the structure is so great that I use it all the time as an example for my own works.

CHECK THESE SAMPLES OF Impact of Globalisation on the Cultural Environment of Business

International Business Environment: Impacts of Globalisation

.... For instance, cheaper electronic products from China have become a threat to UK and other global marketers. Impacts of Globalisation on Technology In the opinion of Dorner (1999), the fruitful elements of globalisation contributed to the development of a new technological era that restructured the living standards and business concepts of the modern world. The tremendous development in technology was the central element that led to industrial revolution. The industrial revolution notably changed the structure of families, communities, and worksite environment. The industrialisation process largely reduced manual labor since the human efforts were...
11 Pages(2750 words)Essay

Impact of globalization on the cultural environment of business China

...? Impact of globalization on the Cultural Environment of Business in China Table of Content Executive Summary 3 1.0Introduction 3 2.0 The Phenomenon of Globalization 4 2.1 Globalization effect on Cultural Environment of a Business 6 2.2 Organizational Culture Theories and Models 7 2.3 Overview of Schein’s Model of Organizational Culture 8 2.4 The Impact of Globalization on Cultural Environment of Business in China 8 2.5 Changes in cultural environment of Chinese business...
15 Pages(3750 words)Essay

International Business Environment in terms of Globalisation

...?International Business Environment Introduction Globalisation brought forth cross border trade liberalisation, which in turn intensified the rate ofstrategic business alliances between organisations from different countries. Globalisation and associated changes resulted in the emergence of another concept called economic globalisation, which refers to high level of economic interdependence among national economies. The process of globalisation enhanced the cross border movement of items such as capital, labour, culture, and ideas (Bhandari & Heshmati 2005). In total, globalisation and...
12 Pages(3000 words)Essay

BUSINESS GLOBALISATION

...?Running Head: Business Globalisation Business Globalisation [Institute’s Business Globalisation Introduction Globalisation hasemerged one of the biggest realities of today and has influenced every aspect of the lives of billions of people around the world. This paper is an attempt to explore various dimensions of Globalisation for business, which includes the reasons for its growth, trading blocs, balance of world trade, economies of scale, cultural and social change through Globalisation and the other dark side of Globalisation as well....
7 Pages(1750 words)Essay

Globalisation and the International Business Environment

...the good companies have sufficient resources and ability to take risks to globalise), these global companies need a conscience so that they do not annihilate local businesses, destroy and corrupt governments and local cultures, cause irreversible damage to environments, abuse workers and communities, and lead to social unrest that would undermine and eradicate whatever advantages are derived from their presence. Globalisation is like a two-edged sword that can cut misery, poverty, and the people both ways. With the help of a working system of international governance, not necessarily a world government, everyone hopes to avoid the mistakes of the...
8 Pages(2000 words)Essay

Environment of business (globalisation)

...Lecturer: presented: Introduction The development of globalization has proved to be significant in developing links anda mixture of cultures around the globe, making regimes to form alliances in order to participate in trade and social activities such as provision of human services. In the practice, it has caused the re-location of industries and the setting up of worldwide corporations as investors seeks new markets to expand their industries. “Less developed countries have been a major target for foreign investors since they have a high potential for investments” (Barry 2008 p. 9). The admission of the overseas traders in to the less developed economies is an advantage, though it presents a number of troubles. The two...
10 Pages(2500 words)Essay

What impact does globalisation have on the environment

...to a particular geographical area. This is intensified by the rapidly increasing human population.16 These are considered to be the direct repercussions of globalisation. Indirect effects of globalisation on the environment include pollution from commercialised agriculture, increasing vehicles, and toxic waste from industrial and nuclear plants which causes alterations in the local climate because of the discharge of different corrosive chemicals from industrial plants as well as the release of gases such as carbon dioxide, methane, and others that significantly impact the natural environment. Presence of ecotourism-founded businesses...
7 Pages(1750 words)Essay

Business in its cultural Environment

...East countries, the South American countries and India. In our case study, Spain appears to be the most polychronic of the four, being described as relaxed and flexible (presumably impacting on their regard and treatment of time). It is also known that in the Spanish culture, widespread practices such as the daily afternoon siesta and the importance given to fiestas and other such traditions show the culture’s leisurely regard to time. While not necessarily barriers to efficient work, these could, likewise, influence the way they are perceived in the Airbus environment. Integration of cultures in an international joint venture: Lessons learned The...
12 Pages(3000 words)Essay

Cross Cultural Management/ Globalisation

...indiscriminately. In addition, globalization has created tensions in the society both culturally and economically. This is with the possibility of replacing an entire workforce with another from across borders and increased involvement of governments dealing with globalization and leaving out other important issues. Such issues include leaching of cultural resources to other countries due to globalization. As a result, globalization is increase pressure all over the world instead of easing it. References Geertz, C 1966, The Impact of the Concept of Culture on the Concept of Man: The Interpretation of Cultures. 1966. 33-54. Satish, T. 2004,...
2 Pages(500 words)Essay

Cultural Environment of International Business

...Cultural Environment of International Business When working in a global business environment, knowledge of the influence of cultural differences is one of the keys to international business success. Regardless to the industry in which you operate - finance, technology, or computers, and consumer electronics, global cultural differences are a direct impact on you and the profitability of your business. Improving levels of cultural awareness can help companies build international competencies and enable individuals to become more globally sensitive. In...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Impact of Globalisation on the Cultural Environment of Business for FREE!

Contact Us