CONTEMPORARY BUSINESS

Change and Continuity in Contemporary Business

Table of Content

Executive Summary1

Task 1: Literature Review3

Primary internal and external influences on Denmark3

Change and Continuity in Contemporary Business in Denmark5

Task 2: Critically Analysis6

Globalisation influences policies and decision making in Denmark6

Effectiveness of Denmark's response9

Areas for improvement in the response of Denmark11

Conclusion14

References16

Bibliography18

Appendix21

Executive Summary

Denmark is a sovereign country in northern Europe, member of the European Union. It is the southernmost of the Nordic countries and also less extensive. Officially, the Kingdom of Denmark (Danish: Danmark Kongeriget) is a community composed of three independent parts, Denmark itself and two territories overseas or dependent territories , Greenland and the Faroe Islands. In 1849 Denmark became a constitutional monarchy with the adoption of a new constitution. The monarchy is formally head of state, a role that is more ceremonial than real, as the executive power is vested in the council of ministers, with State minister acting as "first among equals" (primus inter pares). The legislative power is shared between the Government and Parliament Danish, known by the name of Folketing, consisting of 179 members, including 2 members of the Faroe Islands and 2 from Greenland. The Danish parliament is functionally and administratively independent of the executive and the legislature. The parliamentary elections are held every four years, but the prime minister can call an early election if it so chooses. Parliament can also make a censure motion against Prime Minister, if the censure motion is successful; the entire government resigns (Stax, 2001, 65). In this paper, we try to focus on the Denmark. The title of the paper is Change and Continuity in Contemporary Business. The paper is divided in to two parts. The first of the paper is task 1. Task 1 of the paper highlights and analyse the primary internal and external influences on Denmark. The other part of the paper is Task 2; this part of the paper is further divided in to three parts. In this section we analyse how globalisation influences policies and decision making in Denmark. It also explains the effectiveness of Denmark's response. In last part it demonstrates some areas for improvement in the response of Denmark. In the end paper concludes with the overall discussion. The globalization phenomenon favors a constant growth and flow of consumable products and services, individuals, currency and social adherences consequently drives to the merging of economies and societies as a global character. This phenomenon is hardly novel, albeit the process of integration has dramatically accelerated over the past few decades. The world has experienced successive waves of globalization. The present phase in which globalization exists in the world is generally considered as the second great wave. The first wave happened around 1870 and lasted till the advent of the first world war in the year of 1914. This was the point which raised the percentage of international trade to a major 4% per annum which resulted in a risen GDP from 10% to 20% as a global output World War I in ...