Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Control in Global Economy - Essay Example

Comments (0) Cite this document
Various trends in business management are cropping up each day. Employees and the management in general are often than not getting themselves on the receiving end with lots of uncertainties of their effectiveness in…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.1% of users find it useful
Control in Global Economy
Read TextPreview

Extract of sample "Control in Global Economy"

Download file to see previous pages This study therefore chose to evaluate on this catchy trend in management control systems.
Management control systems in the world differ. These differences make management practices in various parts and organizations different. One country’s proven management systems may not work appropriately in a foreign country. Lere and Portz (2005), in the CPA Journal, undertook a research to establish possible reasons that may inhabit the working of a management control system in the United States with a multinational corporation firm in a foreign country. Taking a case study of a U.S based Multinational Corporation; the effectiveness of her management control system would evidently differ from one country to another or even from one branch with diverse cultural inclination to another in the same country. Therefore, the following is a report from the investigation carried out.
The report from an earlier research conducted by Hofstede was that culture differs in the following aspects; power distance, gender, individual versus collectivism and uncertainty avoidance. Three regions and fifty countries were used in the analysis. However, his taxonomy added another aspect that was used to analyze twenty three nations and this is Confucian dynamism.
Hofstede found out that those cultural differences has numerous implications to the effectiveness of a management system. Countries with cultures regularly referred to as the small power distance countries are associated with participative decision making and decentralization whereas large power countries are normally associated with less participative decision making and centralization. This implies that different control management systems will suit a country on the basis of their mode of decision making. For instance, in a decentralized organization, management remains at low organizational levels while in a centralized system, management control system is at high organizational ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Control in Global Economy Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Control in Global Economy Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from
(Control in Global Economy Essay Example | Topics and Well Written Essays - 1000 Words)
Control in Global Economy Essay Example | Topics and Well Written Essays - 1000 Words.
“Control in Global Economy Essay Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Control in Global Economy

Global economy

...?Running Head: Global Economy Global Economy [Institute’s Global Economy Examine the opportunities for multinational companies to shift resources around the world and the implications of this for nation states Multinational companies (MNCs) are business giants, which find benefit in operating across the globe. Thus, they will be on the lookout for any beneficial opportunities available anywhere in the global economy (Dunning, & Lundan, pp. 12-15, 2008). Currently, it is apparent that these MNCs find benefit in shifting their production to developing countries, as companies outsource their work to...
10 Pages(2500 words)Essay

Global economy

...? GLOBAL ECONOMY by 16 January Global Economy Discuss the impact of ‘quantitative easing’ in the United s on both the domestic economy of the US and the global economy. The word combination “quantitative easing” has already become the definite feature of the contemporary economic reality. Quantitative easing seems to have become the measure of last resort, when countries, including the biggest powers, are no longer capable of restraining the rapid expansion of the financial and economic crisis. Whether quantitative easing is an effective measure of stopping deflation and encouraging lending is difficult to define. Nevertheless, the end of 2010 was marked with the U.S.’s decision to throw additional money into the domestic economy... , to...
10 Pages(2500 words)Essay

Fairly Contemporary Issue about Global Political Economy

...that it increases the net worth of most countries. However, it is also true that globalization does have a political effect on many of the states (Fareed 90). Globalization has been seen to exert pressure on numerous states to alter their policies and institutions in a given manner. This has been a way of converging policies among the countries already exposed to modern global economy. Scholars advice that for an effective global economy there's a need in liberalizing trade policy, the removal of capital controls, the opening of financial markets to foreign investors and lastly reducing the role of the state in the...
6 Pages(1500 words)Essay

Global Economy and the corresponding politics that govern it. The World Trade Organization (WTO) and the International Monetary Fund (IMF) are international institutions that legitimize the occurrence of this politics. Globalisation is viewed by Klein as not just the opening of barriers for a global community, but more so, an instrument for controlling people in the interest of the corporations with money as the primary goal (Klein 2002, p. 13). UNIT 2: IDEAS SHAPING THE GLOBAL ECONOMY Discussion articles Chang, H.J. (2002) 'Breaking the mould: an institutionalist political economy to the neoliberal theory of the market and the state, Cambridge Journal of...
18 Pages(4500 words)Book Report/Review

Global Economy

..., announced that it would no longer be shipping oil to countries that had supported Israel in its war with Egypt and Syria in 1973, it triggered an international calamity known as the Oil Crisis of 1973. The Yom Kippur War – as the war between Israel and the joint forces of Egypt and Syria in 1973 is now known – inadvertently led to a global economic crisis OPEC members and Arab oil producing states used their economic leverage to embargo the West. Oil shipments to the Western world stopped and this was aimed at causing specific damage to the economies of the United States and its allies. Petrodollars, meaning money earned by Middle Eastern countries through the sale of oil to the West were re-invested...
10 Pages(2500 words)Essay

Violence Against Women especially on Dowry Murder and Honor Killings.The Agents That Control Women's Reproductive Choice and health, especially on Government and the Global Economy

...Insert Question The most outstanding points of discussion in chapter 2 are dowry murder and honor killings as forms of violence against women. In chapter 2, Burn contends that dowry and honor killings draw their strengths from male’s greater economic and political power and the apportioning of a higher status to men by the society. In chapter 3, some of the most serious points of focus that Burns raises are the agents that control women’s reproductive choices and health. Some of these agents of control include the global economy, the government and religious organizations’ control over women’s reproductive choices. Question 2 In chapter 2, when...
2 Pages(500 words)Essay


...(Hirst 2002). The four Tigers first had a strong foreign funding especially from the USA that gave South Korea and Taiwan a strong support. It was due to its geopolitical interests in the region while the ASEAN four countries mostly depended on financial policies; government funding and remittance’s from their economies to further develop their economy. They differed in the source of funding. ASEAN 4 countries mostly relied in export of lower categories of value added goods that have slower growth like apparel clothing, organic chemicals, but have slowly grown into electronics, telecommunication equipment and machinery especially Malaysia and Philippines. It is in contrast to 4 Tiger nations that have a...
1 Pages(250 words)Essay

Global economy

...and regulation among others. Secondly, more information on the advantages and disadvantages of the race to the bottom needs to be incorporated. Thirdly, although the history of the concept has been given, this discussion is brief. More information needs to be added to make the reader fully understand the history of race to the bottom and how several scholars and researchers have defined it. Finally, the article needs to discuss deeply how international bodies such IMF and WTO have contributed and/or hindered the race to the bottom. The concepts covered in class and those relating to globalization have been partially incorporated in the article. For example, some of the key concepts covered include: free trade, working...
1 Pages(250 words)Assignment

Global Economy

...controls, taxes, international trade prohibitions, etc. Mobile global capital is all about allocating funds in appropriate areas. In initial stage capital is properly maintained in domestic economy. This is facilitated through interest income and wealth taxation. Capital control even enables higher inflation rate that generates high revenue margins. These kinds of controls decrease interest rates and borrowing costs of government. Capital outflows or mobility of global capital have been widely used in developing economies. This technique is utilized for generating revenue and allocating credit domestically. The...
10 Pages(2500 words)Case Study

Global Economy

...Message from ***dear client, this is not yet the final paper. I’m just polishing the last two pages and checking the references and in-text citations. I will upload the finalized paper in 1-2 hours. kindly ignore the completed status of your order. Thanks! Discuss the impacts of globalization, neoliberalism, and internationalization in global sustainable development Globalisation is a force of innovation, expansion, and development in the market. It has a tendency to boost resource utilisation with all the economies focusing on the production of goods for which their human and natural resources are best suited for. It results in a decrease of costs, national development, rise in...
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 Control in Global Economy for FREE!

Contact Us