Assignment Details: 300+ Words, 4/7/2020, Discuss 2 Specific

Assignment Details 300 Plus Words 4 7 2020discuss 2 Specific Aspec

Discuss 2 specific aspects of how the global business environment has affected your workplace or some other organization with which you are familiar. In your initial response, be sure to bring in concepts from our course such as globalization, economic growth, international business, ethics, barriers, and so on.

Paper For Above instruction

The impact of the global business environment on organizations has been profound and multifaceted, influencing various aspects of operations, strategy, and organizational structure. Two significant aspects that exemplify this influence are globalization and international barriers. These factors have reshaped how organizations operate, compete, and expand in the contemporary economy.

Globalization, the process of increasing interconnectedness and interdependence among countries through trade, investment, and technology, has dramatically broadened the scope of organizational activity. For example, many companies have shifted from domestic to global markets to tap into new customer bases and diversify risks. This shift necessitates adaptations in organizational structures, such as adopting more flexible, decentralized, or transnational frameworks, to effectively manage operations across different countries and cultures (Ghemawat, 2007). The rise of global supply chains illustrates how organizations now coordinate resources and production across multiple countries, often leading to cost efficiencies but also exposing them to geopolitical risks and supply chain disruptions (Bartlett & Ghoshal, 1989).

Despite the opportunities, global expansion introduces significant barriers, such as cultural differences, language barriers, legal and regulatory challenges, and economic disparities. These barriers can hinder market entry, complicate operational management, and increase compliance costs (Hofstede, 2001). For instance, organizations operating in emerging markets often face unpredictable political environments and economic instability, which can affect strategic planning and profitability. The ethical considerations linked to globalization include ensuring fair labor practices and avoiding exploitation in supply chains, which has become increasingly important for organizational reputation and compliance (Cavusgil, Knight, Riesenberger, 2014).

Furthermore, economic growth driven by globalization has contributed to a rising middle class in developing countries, creating immense new markets for exports and investments. However, this growth also raises concerns over environmental sustainability and social equity, prompting organizations to adopt more ethical practices and corporate social responsibility initiatives (Carroll, 1999). Overall, the global business environment demands organizations to continuously adapt their strategies and structures to navigate these complex dynamics effectively.

References

• Bartlett, C. A., & Ghoshal, S. (1989). Managing Across Borders: The Transnational Solution. Harvard Business Review Press.
• Cavusgil, S. T., Knight, G., & Riesenberger, J. R. (2014). International Business: The New Realities. Pearson.
• Ghemawat, P. (2007). Redefining Global Strategy: Crossing Borders in a World Where Differences Still Matter. Harvard Business School Publishing.
• Hofstede, G. (2001). Culture’s Consequences: Comparing Values, Behaviors, Institutions, and Organizations Across Nations. Sage Publications.
• Carroll, A. B. (1999). Corporate Social Responsibility: Evolution of a Definitional Framework. Business & Society, 38(3), 268-295.