Global Business - Essay Example

Comments (1) Cite this document
Summary
Responsible Management of the Global Businesses Abstract In the context of globalization a number of companies have spread their wings to various parts of the world. The companies have to therefore several markets and varying standards of labour rights and other practices…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.3% of users find it useful
Global Business
Read TextPreview

Extract of sample "Global Business"

Download file to see previous pages Introduction In the twenty first century, the companies are experiencing unprecedented global competition and economic uncertainties along with challenges of managing their social responsibilities. As the companies expand their business globally they are facing a number of challenges regarding their human resources and several other issues regarding the conduct of their businesses. Human resource management is a key issue for consolidating the business globally as well as maintains a healthy image of the company (Palthe, n.d.) According to Morrison, integration of the nations and the citizen towards a global market opens up opportunities as well as risks for large corporations (Mennen, 2010, p.2). Globalization has also led to a change in the paradigm of how business is conducted globally. The organizations have to take into account various other issues apart from their sales and production to sustain their profitability. The company’s image, participation in the stock exchange and taking care of the social responsibilities find high priority in the company’s agendas. The three principles of sustainable development of an organization suggest profit, people, and planet. Management of this is a crucial issue for any company as efficient management of all three contributes measurably to the profits for any company. Good social behavior along with ethical corporate has made many of the global companies flourish. 77% of the executives from various corporate have confirmed that undertaking corporate social responsibility programs and good governance practices have benefitted their companies in terms of profit. Corporate Social Responsibility programs of any company have different dimensions. The company has to address the environmental issues like their carbon footprint and maintenance of local environment, have proper corporate ethics regarding employees, customers and other stakeholders and product safety. CSR as a crucial aspect of corporate management have gained importance in the recent years. Companies that have a good reputation in this regard have outperformed their counterparts that are less reputed. For a company recognitions come in various ways like the Most Admired Company List or the Corporate Citizenship List as well as a rise in profit. The image of the company and the trust it enjoys from the customer helps it develop business for a long period of time. Companies are eager to get enrolled in the Dow Jones Environmental and Social Criteria. All this is evident of the increasing consciousness among the organizations to reshape their businesses to the new trends and practices of the global businesses. The perception about the responsibility of the business towards the society in terms of human rights, labour standards, environmental concern, and attitude towards corruption has changed over the years due to globalization. This has resulted in the companies addressing the issues and challenges faced by the global businesses. Research is being conducted everywhere and new models of businesses are being developed and incorporated by the companies (Palthe, n.d.) We shall try to investigate the role of the stock exchanges in the businesses of a company and also the issues regarding the responsible management practices especially the principles laid down by the United Nations Global Compact on responsible manag ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Global Business Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Retrieved from https://studentshare.org/environmental-studies/1422410-global-business
(Global Business Essay Example | Topics and Well Written Essays - 3000 Words)
https://studentshare.org/environmental-studies/1422410-global-business.
“Global Business Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/environmental-studies/1422410-global-business.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ar
aric32 added comment 7 months ago
Student rated this paper as
Great work done on the %topic%. I think it is the best essay I have seen so far.

CHECK THESE SAMPLES OF Global Business

Global Business

...? Global Business GLOBAL BUSINESS Global Business is a term which describes topics relating to the operations of companies’ and firms interested in various countries. Global business occurs because no single country has the resources to produce everything well. Different countries specialize in different goods and they trade with the other countries that do not specialize in those respective items. The basic principle of international or global business/ trading is that countries benefit because each country has comparative advantage in the long run. There are many...
6 Pages(1500 words)Coursework

Global Business

...? Global Business: China will be the focus of the essay Global Business: China will be the focus of the essay Major Cross-Cultural Issues That May Impact Company A’s Marketing Approach Culture can be categorized as a continuum between two extremes: Modern based and tradition based cultures. This grouping may further be described as cultural and economic bound. Modern cultures are driven by the market, as well as competitive post industrialized systems of an economy. The United States is an example of a modern-based culture. In contrast, countries like China are tradition- based, which is featured with the agrarian centralized, agrarian, cooperative, and pre-industrialized...
3 Pages(750 words)Essay

Global Business

...? Global business Table of Contents Introduction 3 Designing a global business organization 4 Key characteristics of an effective global business 4 Strategic Plan 5 Initial planning 5 Market 5 Legal Influence 6 Economic Influence 6 Hiring 7 Production and sales 7 Management 7 Four Opportunities and Threats 7 Recommendations 9 Conclusion 9 References 11 Introduction The world of the 21st century exists in a highly competitive environment, which is filled with rapid paced development and is powered by fast growth. The high penetration of the internet in the last couple of years along with the fact of the rapid development of various kinds...
8 Pages(2000 words)Assignment

Global Business

...?Global business Executive summary Businesses exist in virtual reality consisting of both internal and external environments. The two present several factors that affect the profitability of the business. to survive, every entrepreneur must understand the operation of the market and consider all the possible factors presented by both the environments. Among the tools useful in evaluating the viability of both a business and the industry, include the SWOT and the PEST analyses. SWOT analysis investigates the strengths, weaknesses, opportunities and threats the business may face. The strengths and weakness are internal and the business therefore has absolute control over them. The weaknesses and threats on the other hand arise... from the...
7 Pages(1750 words)Essay

Global business

...? Global Business Executive Summary The report will throw a light on the nature of modern newspaper industry’s business. It will discuss the differentials in the business environment of newspaper industry in the developed and developing economies. However, the report primarily concentrates on the business of newspaper industry in the developed economies. The PESTLE analysis of the project clearly explains the external environment of business faced by the newspaper industry in developed countries. Then the SWOT of The Guardian will help to analyze the internal working of a newspaper company in U.K. The force field analysis would help to implicitly analyze the possible business competition experienced by the newspaper industry due... ., the use...
8 Pages(2000 words)Essay

Global Business

...GLOBAL BUSINESS (Degree for which this dissertation is being submitted) Submitted in part fulfillment of the Date of Submission "Alliances are a big part of this game[of global competition]They are critical to win on a global basis the least attractive way to try to win on a global basis is to think you can take on the world by yourself." -Jack Welch CEO, General Electric Corporation (Taken FromWarren J Keegam, 2006, p262) Abstract Organizations are products not only of their strategy, structure, and capabilities, but also of their culture, their history, and the economic, social, technological, and political forces which...
10 Pages(2500 words)Essay

Global Business -

...Global Business – the case of Elecdyne GM Introduction The ability of firms to secure their market position is considered as vital for their survival. In practice, it has been proved that firms that have faced severe challenges have managed to recover using appropriately customized strategic options. The potentials of small Japanese firm, Elecdyne a small size firm that operates in the electronics industry of Japan to stabilize its performance through internationalization is explored in this paper. Three countries have been reviewed as of their appropriateness to support the firm’s specific initiative: USA, China and Australia. At the same time, a SWOT analysis and a PEST analysis have been employed for revealing the potentials... of the...
10 Pages(2500 words)Assignment

Global business

...Global business Global Business Globalization is becoming inevitable for businesses seeking to exploit the worldwide market potential and enhance competitiveness with other companies. In whatever business sector a company is operating in, cultural differences have an impact on their profitability. However cross cultural differences of certain regions are acting as barrier to business expansion and companies are required to do good feasibility study before joining these markets more so in Asian continent. There are major differences in these region compared to the United States of America (USA)....
2 Pages(500 words)Essay

Global business

...BARCLAY CARD al Affiliation) 6th December, The contemporary society is characterised by business operations undertaken on a global perspective. That is, businesses can operate from one country to another with a high level of efficiency. This aspect of business operation has been facilitated by the existence of technological advancement and improved managerial techniques that enable businesses to undertake international activities. The financial sector is one of the business dimensions that have experienced significant positive impacts from global business operations, with many banks, insurance companies...
7 Pages(1750 words)Essay

Global Business

...Global Business – Amazon Global Business – Amazon Introduction Amazon specializes in electronic commerce and has its headquarters in Seattle, Washington DC. With respect to size, Amazon is America’s largest retailer operating through the Internet. The company has a long list of products that include beauty products, media, personal care products, jewelry, watches, kitchen items, and beauty products among others. These product are marketed and sold globally mainly through the Internet. Amazon operates within three main countries that incorporate India, Spain, and Mexico. These countries are members of the World Bank, the IMF, and WTO (CIA factbook, 2015)....
8 Pages(2000 words)Assignment
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 Global Business for FREE!

Contact Us