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

Globalization Changes in Business - Essay Example

Cite this document
Summary
The essay "Globalization Changes in Business" focuses on the critical analysis of the major issues in globalization changes in business. In the current business environment, more and more organizations realize the increasing need to adapt to the rapid changes brought about by globalization…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful
Globalization Changes in Business
Read Text Preview

Extract of sample "Globalization Changes in Business"

In the current business environment, more and more organizations realize the increasing need to adapt to the rapid changes brought about by globalization. Everything is happening so fast and in almost all areas of business. In a series of lectures on Multinational Enterprises at the Sauder School of Business, University of British Columbia, Keith Head discusses the driving forces that lead businesses to globalize their operations. The improvements in transportation technology allow for faster movement of goods. In communication, transmitting business information from one country to another is cheaper as if transmitting the information only within short distances. And now, even the processes involved in upgrading the knowledge and skills of people are changing. Business organizations realize that the only way to survive in this kind of environment is to undertake continuous improvement through education and training.

Towards this end, LRH Manufacturing has made a very strategic decision to adapt and grow with all these changes and consequently become more dynamic. The instructor-led training will now be replaced with the Web-based training system. Aside from the fact that the company needs to comply with government regulations on its product, there is the manifest need to establish the accuracy of its training records and ensure the participation of concerned employees in the mandated company training. The manual process of the current training management system has become unacceptable due to the difficulty in determining the accuracy of the information recorded.

The new Web-based training program will effect the following changes: There will be a Web-based Training Project Manager to oversee the program, new tools to be utilized, and everyone will be required to learn the new tools and utilize them in undertaking the training. It assures, however, that no employee or manager will be replaced, no new responsibilities will be added, but additional skills will be learned. The Training Department will continue to play an important role in the continuous improvement of the new program’s design and implementation. The Web-based Training Manager will just facilitate and help all key players in the new undertaking, especially ensuring that all the new knowledge will be acquired in an easy learning environment. He will be accessible to everyone and will also be openly reaching out to all.           

Adapting to the changes in the business environment is believed to be one way of maintaining organizational effectiveness. Edgar Schein, in his book Organizational Psychology, theorizes that organizations that fail to sense changes in the environment often become ineffective. This new training program will pave the way for LRH Manufacturing to become a more dynamic and effective organization.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Project Leadership Essay Example | Topics and Well Written Essays - 500 words - 2”, n.d.)
Project Leadership Essay Example | Topics and Well Written Essays - 500 words - 2. Retrieved from https://studentshare.org/miscellaneous/1538166-project-leadership
(Project Leadership Essay Example | Topics and Well Written Essays - 500 Words - 2)
Project Leadership Essay Example | Topics and Well Written Essays - 500 Words - 2. https://studentshare.org/miscellaneous/1538166-project-leadership.
“Project Leadership Essay Example | Topics and Well Written Essays - 500 Words - 2”, n.d. https://studentshare.org/miscellaneous/1538166-project-leadership.
  • Cited: 0 times

CHECK THESE SAMPLES OF Globalization Changes in Business

Impact of globalization on the cultural environment of business China

The net effect is positive as seen by the continued growth in business.... The vision of the business has made flexible to encounter any change in business environment of the organization.... The poor professional and technical skill of Chinese managers has also led to problem in business atmosphere.... Chinese etiquette & ethics in business.... This study continues to focus more on changes in cultural environment of Chinese business due to Globalization and concludes that globalization has negative and positive effect to the business environment....
15 Pages (3750 words) Essay

To what extent has globalisation changed the nature of work

This has seen the alternation and numerous changes in the nature of work (Morgan 2001, p.... This essay supports the argument that globalisation has indeed brought many changes in the nature of work.... Another change of globalisation on the nature of work is that it has led to changes in the global exchanges, especially in the arena of financial exchanges and world trade.... Another impact of globalisation on the nature of work is that exposure to international markets has led to numerous changes in the local working conditions....
9 Pages (2250 words) Essay

Business Ethics: How The Globalization Changed Living Standards

, Moral Issues in business (pp.... Capitalism and its Regulation: A Dialogue on business and Ethics.... Journal of business Ethics, 60, pp.... Globalization and the Failure of Ethics: business Ethics Quarterly, 10(1), 343-352.... The rapid changes of events in the world, today, have been brought about by globalization.... The rapid changes of events in the world, today, have been brought about by globalization....
7 Pages (1750 words) Research Paper

The Trend of Globalization Has Changed the Mechanism of Many Businesses

However the company has been able to certain changes in the cultural norms through its cognitive thinking process.... The ones who possess high CQ or cultural intelligence are able to overcome such cultural barriers through effective strategies and the ones who do not possess high CQ are subjected to failures to the extent of removing their business operations from a specific region.... In the context of globalization there often exists dilemma amongst the companies as to follow the ethical standards that are set in their home country or to adapt to the cultures and ethics of the local country so as to sustain its business operations (Varner & Beamer, 2011)....
6 Pages (1500 words) Essay

Anti-Globalization Undervaluing the Benefits of Globalization

lobalisation has revolutionized the way business is conducted in the contemporary world.... s mentioned above, globalisation has increased the intensity of competition in the contemporary business environment.... The same can be said in case of GlaxoSmithKline as well as the managers were also driven by the need to survive in this intensely competitive business environment (Appelbaum and Robinson, 2005).... This paper "Anti-globalization Undervaluing the Benefits of globalization" examines how arguments of anti-globalization gravely undervalue the benefits that globalization has delivered for all countries....
8 Pages (2000 words) Term Paper

Globalization and International Marketing Nowadays

Globalization entails transnational movement of goods, services, and capital, spreading of ideas, information, and people through the increasing mobility of communications; all these are enhanced significantly by changes in information technology.... The rise of the multinational companies in service and manufacturing reflects many vital changes in the economy of the past century (Tausch 2010). ... The quest for more innovation due to globalization has created both negative as well as positive implication in the profitability of business in the global market. ...
8 Pages (2000 words) Essay

Ryanair's Globalisation Process

Further, adoption of the use of technology in business enables the firm to increase efficiency and cut cost in the global market (Acocella and Jones 2005, p.... changes in regulation also affect the operation of firms in the market thus the need to regularly check regulations to ensure compliance (LOWENDAHL 2005, p.... Any business desiring to compete in the global market has to make the bold decision of taking on a risky investment (SHETH, PARVATIYAR & SHAINESH, 2001, p....
8 Pages (2000 words) Case Study

Drivers and Enablers of Global Logistics

changes in expectations of the consumers or geographical location incessantly change the markets' nature.... The paper "Drivers and Enablers of Global Logistics" is an outstanding example of a business literature review.... Globalisation has in the last three decades brought about a tremendous impact on the business world.... Globalisation has facilitated market access and made borders more transparent, and in consequence, both business and government have been compelled to improve their competitiveness....
5 Pages (1250 words) Literature review
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.
Contact Us