GLOBALISATION AND CHALLENGES

Globalisation and Challenges

Globalisation and Challenges

Introduction

In recent era the business evolve into the fierce competition of Globalisation and technological challenges, that would become the reason for reshaping the human's lives. The technological advancement also supports the concept of globalisation. This is also the reason to meet the different culture and multi dimension needs for the business overall the world, because of this people also in the practices to interact with other people globally.

Investment and trade also encourage into other countries which is also a positive sign for the business, it brings more competition for the industries regardless of the boundaries of countries. Multinational Companies or blue chip companies are the good example of the globalisation. The matter of fact is that the businesses are no more at the limited stage but it is altering the concept of doing business. There are certain challenges present for the companies who own the large businesses and continuously spreading overall the world.

If we look into our self we all are actually promoting the international businesses in different ways as starting our days by the alarming clock which can be made by China, the buzzing news bulletin by BBC which is from Britain and couple of other things goods and services entertained or fulfilled our daily life's need (Leung, 2005, pp. 357-378). On the other hand the whole process needs to be managed by their industries or the key persons who manages or make the business to run overall the world. Manager of the companies are usually found to meet such challenges before entering into any global market as they have to meet plenty of the challenges such as cultural, economical, social, technological, political, and couple of other challenges needs to be meet to compete the challenges. Management and leadership would be served as the effective tools for meeting the challenges effectively and efficiently and bring the companies into the competitive and sucessfull environment.

Discussion

Globalisation Challenges

Globalisation refers the trends to meet the challenges overall the world, the main issues such as technological, political, economical, and cultural interdependency among the national institutions and economics. The concept of globalisation has not actually limited as people may think that that it is the process by which the international business expanding and investing the capital into other nation for the sake of business and to compete in the industry. But globalisation is also embracing the theories and concept of sociology, political sciences, philosophy, anthropology and economics as well. For making the competitive environment, blue chip companies globally recognized the key competencies in the form of their core resources through which creating the advantages and innovation (Leung, 2008, 145-168).

Large international Companies and Challenges for Managers

Internationally Treasure Knowledge

As the organisation who is participating in the international market or the large international companies know that their success based upon their resources and can be affected by the organisational and national cultures (Scroggins, 2008 pp. 203-216). In the mean time there are some companies which recognized their employee's skills and ...