Nobody downloaded yet

International Business Environment in terms of Globalisation - Essay Example

Comments (0) Cite this document
International Business Environment Introduction Globalisation brought forth cross border trade liberalisation, which in turn intensified the rate of strategic 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…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
International Business Environment in terms of Globalisation
Read TextPreview

Extract of sample "International Business Environment in terms of Globalisation"

Download file to see previous pages Globalisation also made labour globally mobile, because the new environment greatly assisted nations to do business jointly with overseas countries and hire skilled foreign workers (Jaumotte & Tytell, n.d.). It is obvious that cultural aspects and consumer behaviour vary from country to country and hence organisations face numerous cultural barriers while operating in a foreign country. Studies show that cultural aspects can have a great influence on an individual’s physical and psychological levels of personality, which plays a notable role in developing an organisation’s worksite culture. As Siadat et al (2012) argue, cultural integrity is necessary for an organisation to improve its productivity because a culturally diverse worksite would not promote worksite coordination. In addition, the issue of general acceptability of other cultures may come into play in a culturally diverse worksite. Under such circumstances, there will be conflict among workers and it will adversely affect the efficiency of the worksite environment as a whole. Under a culturally diverse worksite, employees may react differently to different events and therefore it would be difficult for the management to frame a common operational policy for such a workplace. Likewise, consumer behaviour is greatly related to culture; therefore, an international company cannot effectively influence consumer behaviour if it practices same marketing and business strategies in all countries (Univrsity of Minho 2004). In other words, an organisation would not succeed in a foreign country unless the organisation accurately understands the country’s cultural and social norms. In short, cultural multiplicity is turning out to be a growth impediment to multinational organisations as they are forced to spend more on cultural diversity management. Each organisation has a unique culture and this element is of considerable importance in determining the organisation’s market position. Lowe (2012) points out that the concept of organisational culture is of a great value as it directly impacts an organisation’s unity, loyalty, competition, direction, and identity. While evaluating the impact of culture on western countries and china, it seems that both these regions have totally different views on culture. In case of western countries, they have a more socially developed or liberalised culture whereas China still follows traditional cultural views and norms in terms of business structure and operations. Therefore, impact of culture is more evident in China as compared to western countries. To illustrate, the Chinese culture has notable impact on product design, supply chain activities, and marketing campaigns. This paper will discuss various cultural difficulties likely to be encountered when a multinational company from a western economy contemplates a joint venture with a foreign partner in China. Importance of national cultures The Western society, especially Europe and the US, is an agglomeration of different cultures mainly because these countries constitute the ultimate destination for job migrants. Hence, a unique culture is not visible in the Western world. Cultures of the majority of the Western counties have been ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“International Business Environment in terms of Globalisation Essay”, n.d.)
International Business Environment in terms of Globalisation Essay. Retrieved from
(International Business Environment in Terms of Globalisation Essay)
International Business Environment in Terms of Globalisation Essay.
“International Business Environment in Terms of Globalisation Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF International Business Environment in terms of Globalisation

International Business Environment: Impacts of Globalisation

..., and data transfer. Stunted economic growth of underdeveloped countries could not be attributed to globalisation since most of such countries do not maintain a healthy environment for development. Undoubtedly, adopting a deeper globalisation policy would benefit Strinidal in the long term. References Arnold, RA 2008, Macroeconomics, Cengage Learning, US. Brahm, E July 2005, ‘Globalisation’, Beyond, Viewed 08 November 2011, globalisation/?nid=6563> Business Maps of India n.d, ‘Benefits of globalisation’, Viewed 08 November, 2011, globalisation/benefits.html> Bhorat, H & Westhuizen, CV n.d, ‘Economic growth, poverty and inequality in South Africa... ?International Business Environment Introduction While analysing the current...
11 Pages(2750 words)Essay


...? Globalisation Introduction Globalisation contributes to an influential degree of convergence in both business practice and markets. The research delves on describing globalisation. The research delves on effects of the globalisation factors on the stakeholders. Implementing effective marketing strategies in the globalization environment reduces risk management issues. Search: Globalisation convergence business market risk. Globalisation reduces revenue risks Globalisation has leveled the playing field, in terms of generating revenues....
12 Pages(3000 words)Coursework

International Business Environment

...., 2001). In China, people are also used to having flexibility in everything but they have a sense of making out the best of the time as observed in their investments in Africa which ranges from 50 to 100 years (The International Herald Tribune, 2011). This means that they have flexible schedules which can be bent from time to time as needed but they are highly serious in business. Thus, investors have been given the idea that they must be able to prepare the unexpected in China due to the unpredictable nature of the people when it comes to their commitment on certain things. In Africa, there is a great deal when it comes to committing mistakes and for asking apology. People have to save their faces from...
12 Pages(3000 words)Essay

International Business Environment

...). Conclusion The term globalization has become a common slogan as far as the business world is concerned. In the international business, the term is used in reference to increased interdependence between economies of different countries. With improved technologies, companies can expand their business operations across the globe and manage them effectively. However, globalization has positive as well as negative impacts on the international business environment. Globalization has opened up opportunities in the business world. However, the opening up has led to unequal...
8 Pages(2000 words)Essay

International Business Environment

... to describe the context of the following two terms: international business environment and Multinational Enterprise. Jain, Trehan and Trehan (2010) refer to the characteristics of business environment. For the above researchers, th business environment refers to those aspects of the surroundings of business enterprise which have influence on the functioning of business’ (Jain, Trehan and Trehan 2010, p.6). At the next level, the international environment reflects ‘the interaction between domestic and foreign factors’ (Aswathappa 2010 , p.124); the term factors in the above definition refers to all the forces that a business has to face when operating in the global market (Aswathappa 2010 p.124). In regard to the characteristics... of 2013,...
9 Pages(2250 words)Essay

The Concept of Globalization

...Globalisation and the International Business Environment This essay explains the concept of globalisation, identifies and appraises its main drivers,describes its extent and limits, and discusses its impact on business. In addition to the course text, other references on the topic were used and cited when appropriate. Definitions Globalisation and internationalisation are two similar and often confused terms, though the first is used in a wider sense and is gaining in recent usage whilst the second is more specific to firms. Porter (1990, p. 64-65) defined Internationalisation was defined by Porter...
9 Pages(2250 words)Case Study

Environment of business (globalisation)

... violence amongst others. Such organizations include, “the Human Watch Rights Trust and Global Alliance for Workers and Communities, Amnesty International” (Duffield 2001 p. 78) amongst others. They have a set of laws that help in overseeing protection of human rights globally. Some undertake the responsibility of challenging economic interests of powerful states that undermine the lesser powerful nations’ capability of providing security to their citizens (Rajan 2005). When local financial institutions support reforms, “they benefit in terms of tax subsidies, credit facilities and profit resulting in strengthened property rights” (Kaufmann 1995 p.68). The “Word Bank” is one fiscal establishment that was formed to provide loans... ....
10 Pages(2500 words)Essay

Telefnica International Business Environment

...Telefónica International Business environment Table of Contents Introduction 2 Background of Telefonica 2 CSR in Telefonica 3 Critical success factors 4 Challenges for Telefonica 6 SWOT analysis 9 Conclusion 9 References 11 Introduction Telefonica being the largest telecommunications operator within Spanish and Portuguese speaking world remains the leading Spanish multinational by market (Martínez, 2008). Telefonica within the last decade has been characterized by prolonged profitability and growth. The company since 2000 saw its revenue double as its customers quadrupled resulting in revenue of more than £60.7 billion in revenue in 2010 an increase of 7.1% from the...
9 Pages(2250 words)Essay

International Business Environment & Trade

.... Internationales Handelsrecht 9(3), p.43 Gross, O. (2008). The International Sale of Goods Transaction through the Prism of the United Nations Convention on Contracts for the International Sale of Good (CISG). London, University of Minnesota Law School. p.52 Kröll, S. (2010). CISG: The UN-Convention on the International Sale of Goods: Article-by-article Commentary. London, C.H. Beck. p.12 Schaffer, R., Beverley, E., & Filiberto, A. (2002). International Business Law and Its Environment. London, West/Thomson Learning. p.22 Schwenzer, I., Pascal, H., & Christopher, K. (2012). Global Sales and Contract Law. Oxford, Oxford University...
9 Pages(2250 words)Essay

International Business Environment

...International Business Environment Various Business Model and Their Advantages and Disadvantages Introduction: Over the years, with the development of technology as well as to incorporate the effect of changes in the consumer behavior there are number of theories in place in the world of management. The concept associated with all those theories has changed along with the changing pattern of organizational operation. In a broader perspective, management theory delivers a comprehensivefoundationfor all the organizations to utilize the management process in order to do effective planning, organizing their entire business operations, leading and controlling the final process. (Koontz 1984) Gabor (1990) in his analysis has mentioned... ...
12 Pages(3000 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 International Business Environment in terms of Globalisation for FREE!

Contact Us