International Management

International Management

Management from a Global Perspective

Management is concerned with the use of different techniques and practices involved in directing and controlling international organizations. There are several benefits of viewing management from a global perspective. The global perspective on management views different management issues from the perspective of international and global strategies. Strategy and management are interrelated topic.

There are different theories that have been developed in order to deal with the phenomena of international and global management and different market based variables such as cost of production and cost of transportation. The perspective of international management needs to be discussed from the perspective of multinational corporations. The role of multinational corporations in the economic development is a heated issue. Multinational Corporations help emerging economies in the modernization of economies and industries. The modernization of economies takes place through technology transfer. The presence of multinational corporations is associated with the intensification of competition, availability of goods and services, and access to export markets. On the other hand, MNCs may result in some negative consequences such as they stifle economic development. It is also believed that the presence of MNCs results in the crowing out of jobs as well as local investment. The practices of multinational corporations are anti-competitive. As a result, the consumer welfare is reduced and unsuitable consumption patterns are built. Despite the opposing arguments related to multinational corporations, it is believed that multinational corporations are boon for emerging economies. The foreign direct investment made by multinational corporations is the key to economic development. There are different factors that attract foreign investments including government policies, FDI impacts, and others. The other factors include investment motives of MNCs such as a low cost of production, availability of skilled and cheap labor, entry strategies, absorptive capacities of the local industry, and others. An important issue that is associated with the economic development of MNCs is the interaction between local firms and industries.

Global management describes how a business pursues its objectives. Global business management can be defined as a set of activities which are executed according to certain rules. The execution of global business management practices describes the execution of different activities which allow an organization to achieve its objectives. When executing different business processes, it is important to coordinate key activities. The resources are also required to be provided in order to execute management tasks. The specification of a management strategy describes specific activities required by an organization and the resources required for them. Business Process Modeling is an instrument which is used for coping with the complexity of process planning and control.

There are four important trends associated with international business processes. The first trend is their increased importance such as for business process reengineering. These trends have increased the complexity of business processes. Therefore, it is important to use structured modeling and techniques. Petri net modeling is a powerful and effective modeling method. This method is effective for synchronized activities such as supply ...