: Building the Global Framework (1985-2004) - Case Study Example

Business Global Framework The business global framework has since time in history initiated the transformation of the world economy into an industry that is sustainable in terms of corporate ratings such as global indices and investors rankings. This transformation touched all business sectors resulting to a complete change in business process, management, market situation, organization goals and business strategies. The period witnessed an increased number of business organizations and companies.

This meant that the management of such organizations also had to change in many ways including executive compensation and introduction of managers who were out to ensure company sustainability, business performances that are profit oriented and consumer friendly and have the company’s investments based on the decisions reached at by both the management and the consumer’s representatives. . The global business position also experienced a number of setbacks during this period hampering the accomplishment of several business strategies and achieving potential sustainability.

Such barriers were seen in the usual business propriety, lack of transparency when it came to implementation and structure of business strategies, traditional and ineffective business methodologies, and uneven usage of important, sustainability and organizational relationships. Most of the business organizations changed their goals to be overreaching aimed at introducing a sustainable market environment globally. Such approaches led to changes in portfolio decisions by investment managers, procurement initiatives by government agencies, and partnership initiatives.

Over this period, the business integration and convergence processes that were financial or otherwise were aimed at being infused with content that was sustainable. The global framework also saw the business environment being integrated with approaches and strategies that were centered at management and leadership elements vital in ensuring and sustaining business organization excellence. Such strategies and approaches were utilized in the assessment and improvement of all the business organization’s aspects such as strategy, leadership, information, planning, knowledge, service delivery, the quality of services, consumer knowhow and the overall results of any business entity (Kanter, Yatsko and Raffaelli 2009).

Business and market laws and regulations were also introduced during this period which ensured assessment that were systematic in organizations in an effort to come up with an excellent business framework that was competitive, was focused on a performance culture, ensured