ISSUES IN INTERNATIONAL MANAGEMENT

Issues in International Management

Abstract

Terrorism has significantly affected the global business operations. The terrorism has significant negative impact on international management of business. Particular attention to the fight against terrorism and prevention of major accidents has been given only after a series of attacks in the U.S. and Russia. Guiding individuals firms and companies should not be limited to following an indifferent sent by the specialized agencies instructions. Head of the organization must develop an internal action plan to ensure plant safety in situations related to manifestations of terrorism, and demand from staff for its implementation.

Issues in International Management

Introduction

In a rapidly changing environment, organizations constantly change goals and seemingly confront corporate cultural conflicts. And the global economy has altered economic structures and social policies and cause communities to enter to such a dynamic environment. International management and strategy is designed to stimulate discussions on current developments in several issues and disciplines (Bruck, Tilman & Wickstrom, 2004, 293-300). There are several issues in international business management such as corruption, terrorism, child labour, protection of intellectual property or extreme cultural distance. The challenges remains the urgent need to develop new social technologies capable of incorporating the informal sectors of the economy so that they can benefit from global business processes. The most important modern issue for global business management is terrorism which has significantly affected the business operation throughout the globe (Bruck, Tilman & Wickstrom, 2004, 293-300).

Terrorism Impact on International Business Management

History proves that terrorism has affected different levels of society in the world (Borrus & Zysman, 1997, 141-66). Terrorism as means to compel people to follow through the use of force or threat has become the centre of attraction of the globe in the most recent modern history (Bruck, Tilman & Wickstrom, 2004, 293-300). The September 11, 2001 attacks in New York have played a significant role in moulding the views of the people towards terrorism. Either make or break a nation, or create a leader or be the leader, in all cases, one thing is certain: terrorism has touched every part and every level of the world community, form the countries to its governments, down to its people, with positive and negative aftermath in between. Looking at the status quo, the business sector is one of the levels of the society that is being greatly affected by terrorism (Chen, Andrew & Siems, 2004, 349-366).

Disruption and destruction of ongoing businesses as the primary goal of terrorism has certainly challenged and threatened business activities of different countries (Borrus & Zysman, 1997, 141-66). Basically, there are different sectors of business that should be examined but there are three primary sectors of business that needs closer scrutiny to detect the effects of terrorism on the business world as a whole. The stock market is the first sector that needs analysis. Like the other sectors of the business environment, stock markets are being directly affected by terrorism. Even before the attacks, investors often flee the market to ensure safety in financial ...