Managing the Evolution of the Global Business Environment

Abstract

This is a research report that is based on highlighting the importance of global business environment while doing global business. The sub-concepts related to global business environment are discussed with the reference of secondary research materials such as Harvard Business Reviews, journals, articles and other quality research materials. Global business environment or international business is both replaceable terms that can be used interchangeably in the business environment. International business term is dependent on the collective explanation of the commercial business transactions that can be private or governmental. The transactions can be based in sales, logistics, transportation and investment purpose. The global business environment looks after those business transactions that can take place among two or more countries, nations and regions with no political influences. These transactions are based on those business governing rules and regulations that are fair and according to the global business requirements. Normally some of the privately owned companies are found involved in the business activities around the globe mainly for the purpose of profitability. In global business environment the factor of fraud is minimised by introducing such rules and regulations that can help in limiting it . The economic resources that are involved in transactions include skills, capital, people etc. These economic resources are also traded in the global business environment in order to train others so that they also take part in the global businesses. All the organisations needs to follow rules and regulations that are commonly accepted in around the globe and they have to respect all the countries laws otherwise these organisations would not be able to do business activities globally.

Executive Summary

This research paper is based on identifying the contemporary global techniques and strategies that are involved in managing the global business environment. The current global business environment is based on the concepts of globalisation and the organisational challenges can be only managed through its proper usage. This paper is based on four important days in which different important aspects of global business environment are discussed in a well organised way. An importance of cross cultural management in the context of global business management is also discussed in this research report so that the evaluation of the business can be effectively done in the context of global markets. By going through this research report one can analyse the importance and advantages that are linked with global business environment.

Table of Contents

Introduction4

Discussion5

Day One:5

Introduction to management in global business environment5

Overview of International Trade from Mercantilism to Globalism7

Cross-Cultural Management8

Corporate Strategy in an International Arena9

Rationale of Globalization10

Rationale for Implementation Consistency12

Day 2:13

Political Flashpoints13

Global Warming13

Day 3:14

Regional Economic Integration14

The World Trade Organization (WTO)14

The Backlash against Free trade15

Day 4:16

Managing Diversity16

Diversity as Competitive Advantage18

Cross-Cultural Effectiveness20

Conclusion21

References22

Managing the Evolution of the Global Business Environment

Introduction

This research report have effectively managed to point out the most important aspects related to global business environment with the reference of quality study material and research journals. Managing the evaluation of global business environment is of great importance these days as things are getting complex ...