Nobody downloaded yet

Transnational Business and Its Role in Contemporary Society - Article Example

Comments (1) Cite this document
Summary
This is a reflective paper “Transnational Business and Its Role in Contemporary Society” which summarises the author’s learning experience gained through the entire model describing each of the sessions undertaken by me all through the course…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.8% of users find it useful
Transnational Business and Its Role in Contemporary Society
Read TextPreview

Extract of sample "Transnational Business and Its Role in Contemporary Society"

Download file to see previous pages The concept of corporate governance and the problems related to the agency theory was an interesting topic discussed in this session. Agency theory is one of the corporate governance theories which have marked significant importance in recent years. Jensen and Meckling (1976) are commonly associated with the term agency theory as found in most of the existing literature. The journal named “A Survey of Corporate Governance” by Shleifer and Vishny (1997) helped me to know more about the issues related to corporate governance systems followed by different business organizations worldwide. It also helped to have knowledge about the concept of ownership concentration found in business concerns. Enron can be cited as one of the many examples related to an organization which restored to unethical accounting practices because of the existing agency problems associated with the company. It is recorded as one of the major accounting scandals which have ultimately led to the downfall of Enron (Arnold, & Lange, 2004). Session 2: Transnational business and its role in contemporary society This session were aimed at having knowledge about the various roles played by transnational companies (TNCs) and how they have contributed to global trade. This session helped me to learn about the impacts of TNCs on the global trading environment, different types of internationalization strategies followed by organizations, costs, and benefits associated with free trade mechanism, and role of General Agreement on Tariffs and Trade (GATT) and World Trade Organisation (WTO). Different types of internationalization strategies followed by TNCs and other global organizations were of particular interest to me. Internationalization is a process which is followed by organizations to expand their business outside their national boundaries and it can be achieved through various strategies followed by different firms. The journal named "Internationalization strategies for services" by Gronroos (1999) speaks about five types of internationalization strategies that are followed by service organizations with their motives to establish their business abroad.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Global Organizational Environment Article Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.org/business/1401611-global-organization-environment
(Global Organizational Environment Article Example | Topics and Well Written Essays - 2500 Words)
https://studentshare.org/business/1401611-global-organization-environment.
“Global Organizational Environment Article Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/business/1401611-global-organization-environment.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
kc
kcartwright added comment 3 months ago
Student rated this paper as
I had an issue with a article types of works. All until I came across this website and this particular document. Even though "Transnational Business and Its Role in Contemporary Society" is far from my interests, the structure is so great that I use it all the time as an example for my own works.

CHECK THESE SAMPLES OF Transnational Business and Its Role in Contemporary Society

Business and its Impact on Society

...that is shown or communicated on the news media, becomes the public’s point of view. It can affect the thinking process and the perception of the community; leading them to prosperity or disaster, depending upon the way media portrays the happenings. This profession is something pious. It used to mean something to those who worked for it. They had strong and unwavering values on which they never compromised. But the development of it as a business industry has blown the whole sanctity of the profession. People have turned this profession into money machine, disregarding what affect it might have on public. The role of the participants in this industry is very vital. All the participants work together to...
12 Pages(3000 words)Essay

Trends in contemporary society

...?Trends in Contemporary Society Ethnic Minorities in the Labour Market: Dynamics and Diversity - Main Findings This study examines how ethnic minorities are performing in Britain’s labour market. The information contained in the report is drawn from statistics between 1991 and 2001. The main focus of the paper is the differences of men and women in three labour market outcomes: employment rates, self-employment rates and occupational attainment and earnings. The findings of the paper highlight the fact that even though there are some improvements in performance in the labour market for selected ethnic minorities, differences still abound in the employment and earnings of some ethnic minorities and their...
6 Pages(1500 words)Essay

Beauty in contemporary society

...from different social settings offers unique opinions on what the term pretty and beauty means to an average person. However, owing to the significant of the term beauty in some communities, researchers and global scholars have engaged in intensive empirical investigation to examine the meaning and significant of the term beauty in different community (Susan 47). The subsequent essay will therefore offer a complex dialectic paper that will examine the function and role of beauty and cuteness in contemporary society. English language has labelled the meaning, function, and influence of the concept beauty differently. By referring to the meaning that is attached in the term beauty by...
8 Pages(2000 words)Essay

Contemporary Society & Social Futures

...? Contemporary Society and Social Future Contemporary Society and Social Future Globalization can be defined as the exchange of ideas, concepts, opinions, general commodities and services from one country to another. Globalization has brought the world close together more than ever before and it has become very easy for businesspeople, politicians, economists, scientists, and people from other professions, to communicate and deal across borders. The current period of globalization thus presents people with a chance to use similar products and consume the same food. However, some thinkers believe that globalization has also brought a negative impact on...
8 Pages(2000 words)Essay

Theories of Contemporary Society

...': The notion of 'structure of feeling' was projected by Williams in the Long Revolution. He explained that cultural characteristic of a society is reflected in the routine social practices of that society. The cultural practices affect beliefs and behaviour of individuals in that society according to class patterns. Later Hall elaborated the meaning of structure of feeling stating it as experiences of all patterns and practices as lived in a particular period. In his Marxism and Literature, Williams argued that culture is to be understood in its past and future aspirations as well as contemporary lived experiences. Williams major concern was...
8 Pages(2000 words)Essay

Mass Media and Its Role in Society

...Mass media and its role in society The commonly used term ‘mass media’ encompasses numerous institutions and individuals that differ in method and purpose. In general usage, the term has been considered to define groups who make up the communications profession in both the entertainment and news industries. The specific role of the media in society is often debated but what is not argued is that access to information is essential to the health of a democratic society. Newspapers, radio, television and the internet allow citizens the opportunity to make informed choices and serves as part of the checks and balances of a...
7 Pages(1750 words)Essay

Contemporary Society

...to Terry Eagleton, “Almost single-handedly, he transformed cultural studies from the relative crudity in which he found them to a marvellously rich, resourceful body of work. In so doing he altered irreversibly the intellectual and political map of Britain.” (Eagleton, 9) In short, the significant role of Raymond Williams as the chief contributor to cultural studies is indubitable and his several writings have become essential resources for modern scholars of cultural studies. Several intellectuals of the contemporary world have acknowledged the immense contributions made by Raymond Williams towards the better understanding of the current society. Thus, it has been maintained time and...
8 Pages(2000 words)Essay

Transnational Immigrants in a Global Society

...the primary focus of activity and meaning …. Transitional migration creates social formations that span borders, and involves relations bringing together homelands, receiving societies, ethnic groups in the diaspora. In consequence, dense webs of transitional social fields are created that brings together the migrant, those he or she has left behind, and possibly other migrants, who may be friends or kin, in yet another receiving society….” (Ueda, 2006, p. 226) So, according to such observation transitional immigration has a lot of good things to offer to a particular society, a particular culture but consequently a receiving society also has a great...
6 Pages(1500 words)Essay

Contemporary Issues for Business and Society

...Contemporary Issues for Business and Society Table of Contents Table of Contents 2 Introduction 3 UN Global Compact overview 3 2. Ten Principles of UN Global Compact 4 2.1. Human Rights 5 2.2. Labour 7 2.3. Environment 8 2.4. Anti-Corruption 9 Conclusion 10 Reference list 10 Appendix 13 Introduction Modern business is facing intense challenge from various issues like equality of the employees, organisational structure and agency problems, social structure or diversity, globalisation affects, supply chain management, and environmental responsibilities. According to Aḥmad and Crowther (2013), organisations are developing their responsible management audit in order to...
10 Pages(2500 words)Assignment

Trends in Contemporary Society

...as suspicion where other races are believed to be behind all the social evils such as crime. The racism trends have changed tremendously but the precipitate is being conducted secretly as opposed to the prior open acts of racism. 3. 0 Exercise Three 3.1 Global Division of Labour Division of labour or sometimes called specialization is the breakdown of cooperative labour into circumscribed roles which are then assigned to individuals. These individuals will then be expected to focus on the roles assigned only as a way of gaining experience and specialization sufficient to tremendously boost productivity. The historical growth of total out put, industrialization and trade and the emergence of...
13 Pages(3250 words)Personal Statement
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 Article on topic Transnational Business and Its Role in Contemporary Society for FREE!

Contact Us