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Global Business Risks: How Global Businesses and Organisations Adjust to the Challenges of Risks and Uncertainties - Dissertation Example

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Global Business Risks: How Global Businesses and Organisations Adjust to the Challenges of Risks and Uncertainties Acknowledgement Great thanks respectfully go to _ who provided advices, suggestions and wonderful ideas during the process of ideas and brainstorming…
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Global Business Risks: How Global Businesses and Organisations Adjust to the Challenges of Risks and Uncertainties
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Download file to see previous pages There are many risks in business today which is the result of globalisation and the many complexities or phenomena created out of it. Political risks are in the form of corruption of public officials, for instance, businessmen transact business with them and bribery is involved to gain special consideration. Other forms of political risks are monopolies, higher taxes, or rules and regulations that hinder business growth. There are also economic risks such as global economic downturn, currency fluctuations and any form of financial crisis. Other risks that may impact on global and domestic business are social and cultural (culture, customs, religion, language), and stability risks like conflicts and war, revolutions, coups, political processes, etc. Communication and information technology has also impacted on global business. This has to be explained and analyzed in the context of risk management associated with ICT. Another objective of this study is to provide the different perspectives of organizational culture and how they affect the behaviour of employees and in pursuing the goals and objectives of the organization. The businessman should be able to determine and analyse these risks before embarking on a full-scale business operation so as to deal what might be a collapse of business and the possible grave consequences that could be attained. The research method used in this dissertation is a mix of literature review and analysis and case studies on organizational culture, risk management, and other risks as a result of globalization and information technology. Table of Contents Title Page No. Acknowledgement .……………………………………………………….. 2 Abstract …………………………………………………………………… 3 Chapter 1 Introduction ………………………………………………….. 6 1.1 Background ………………………………………………………. 6 1.2 Objectives of the Study ………………………………………….. 8 1.3 Significance of the Study ………………………………………… 9 1.4 Research questions ………………………………………………. 9 1.5 Statement of the problem ………………………………………… 10 1.6 Rationale of the study …………………………………………….. 10 1.7 Delimitation of the Study ………………………………………… 10 Chapter 2 Review of the Literature …………………………………….. 11 2.1 Introduction ……………………………………………………….. 11 2.2 Organizational Culture …………………………………………….. 11 2.2.1 Culture defined …………….…………………………………….. 12 2.2.2 Problem of cultural integration ………………………………….. 14 2.2.3 Cultural factors influence managerial decisions…………………. 16 2.2.4 Cultural and religious issues …………………………………….. 16 2.3 Economic factors ………………………………………………….. 17 2.4 Stability Risks …………………………………………………….. 20 2.5 Globalization and impact on business …………………………….. 21 2.5.1 Standardization or Adaptation ………………………………….. 23 2.5.2 Effects of Technology … ...Download file to see next pagesRead More
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