Preview

Global Management

Powerful Essays
Open Document
Open Document
1244 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Global Management
An Assignment On
Global Management

Submitted To

Mr. Md. Mizanur Rahman
Associate Professor
Department of Management Studies
Faculty of Business studies
Jagannath University

Submitted By
Happy Roy
Serial no: 05
Section: A
Subject: Global Management
Subject Code: Mgt 5102
Department of management Studies
Faculty of Business studies
Jagannath University

Date of Submission
26 June, 2013

Jagannath University, Dhaka

Topics of the assignment

1. Concept of global management.
2. Globalization means share jobs and goods – explain it.
3. Three regional trade blocs.
4. Social responsibility of MNC.

1. Concept of global management

Global management refers to the way an organization manages its business internationally, including its sales, marketing, and hiring and finance practices.

As technology continues to connect the world, many organizations have taken advantage of the opportunity to conduct business globally. Global management combines knowledge of business, culture, history and social practices to help companies find their niches in the global business community and successfully work with other cultures.

Global management can usefully be considered from the perspective of the different functions of the organization: marketing, production, human resources, finance and other support activities.

As a global manager one shall not only need to understand business principles, but also need a firm grip of the local customs, professional life and regional policies of the countries that his/her company wants to partner with. Many companies also look for managers who speak multiple languages and have experience representing more than one country, as well as those who are willing to move from one location to another.

3. Three regional trade blocs

A trade bloc can be defined as a ‘preferential trade agreement’

You May Also Find These Documents Helpful

  • Good Essays

    The management of multinational companies are international in character. It operates on the basis of best possible alternative available any where in the world. Its local subsidiaries are managed generally by the nationals of the host country. For example the management of Hindustan Lever lies with Indians. The parent company Unilever is in The United States of America.…

    • 1617 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    First of all, what is “Global Management”? Well according to Heizer & Render (2012) the term refers to the process of scheming and operating a system that is diversified enough to work around the world and it is used to maintain a competitive advantage (Heizer & Render, 2012).…

    • 585 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Global Marketing is the process of focusing the resources and objectives of a company on global marketing opportunities. It means widening the business horizons to encompass the world when scanning for opportunity and threat. This decision to entering new markets depends strongly on the company's resources, managerial mindset and the nature of opportunity and threat, which not every company is able to.…

    • 943 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Global Expansion

    • 563 Words
    • 3 Pages

    On good example of the global management is McDonalds. They have a geared themselves to adopt according to the culture of the country for example in France they have uses low profile but tastefully constructed restaurants which are appropriate for longer stay and they offer table service in as well which is in total contrast to US. (Fancourt, 2012, Pg32).…

    • 563 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Global Organization is an International Alliance involving many different countries. In short, global organization is the one which has got international presence. As a result of this, it is very important for global organizations to find the right employee with the right skills set. According to the article, the main skills required to work in a global organization are –…

    • 789 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Case Study

    • 996 Words
    • 4 Pages

    The best global companies are developing new business models tailored for growth markets. They choose managers tailored for their respective country.…

    • 996 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Cross Management

    • 509 Words
    • 3 Pages

    5. my course Graham, John L; Lam Mark N. The Chinese Negotiation. Harvard Business Review on Point Article. Product 5100.…

    • 509 Words
    • 3 Pages
    Best Essays
  • Good Essays

    Global Management Skills

    • 765 Words
    • 4 Pages

    The collapse of international economic boundaries, rapid changes, workforce mobility and diversity, and the economic interdependence of countries is what is popularly known as Globalisation. This phenomena poses difficult challenges to everyone especially mangers to reassess their capabilities and get ready to manage internationally. The need arises from the fact that traditional management skills are designed to manage only in local environment which is comparatively static and non changing. Contrarily international business environment is highly volatile, and rapidly changing. The skills meant for local environment will thus be insufficient if one has to manage in an international scene. It can be compared with the example of a person who can swim in a swimming pool but what will happen if the same person is thrown to a deep sea having turbulent Waives and engulfing tides. In essence today managers need new management skills which are equally effective for managing both local and international business operations. Armed with these skills one can become like an international soldier capable of fighting international wars. The skills inventory can be very long but grouped together the following core skills will be required for effective global managers: 1-COMFORT WITH RAPID CHANGE: Change is not just a fad word but a reality and a harsh reality to be embraced and dealt with. As such global managers must be very comfortable with rapid changes and competent in making futuristic decisions. It also means reducing one’s susceptibility to cultural shocks and developing a high tolerance for unfamiliar people, situations and things. 2- NETWORKING SKILLS: The adage that ‘It doesn’t matter how much you know-rather it matters who do you know’ is extremely relevant in most of the countries. It is thus extremely important for international business operators to acquire the knack for…

    • 765 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Global Organization: socially and environmentally responsible, embrace creativity and diversity and is financially rewarding for employees and shareholders.…

    • 2653 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Global Mindset

    • 2329 Words
    • 10 Pages

    Background  The two most dreaded obstacles in the way of human progress- i.e. Time & Distance have almost been eliminated, due to technological revolution  Mind boggling pace of changes have shrank the wide world to a “global village”.  We live in interconnected, interdependent, world economy.  Globalization has made free flow of goods & Services – possible opening the new visa of opportunities – for corporate and individuals – age of mega mergers & acquisitions  A global business manager must have a global business perspective and understanding of how the world works – Learning, unlearning and relearning are integral part of the knowledge intensive global business.  A global manager must develop a global mindset – the capacity to analyze, appreciate & leverage the…

    • 2329 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Globalization is a universal trend today, and for Today’s Manager to succeed they needs to develop a deep understanding of the cultures and norms of their partners and customers, also they need to fully understand the business conduct, rules and regulations of the countries they are engaged with, they also need to be ready to learn and adapt and demonstrate Flexibility and openness.…

    • 535 Words
    • 4 Pages
    Satisfactory Essays
  • Best Essays

    Globalization has had a very complex impact on management. Business leaders are finding themselves making frequent changes to their management strategies and styles to keep up with local as well as international competitors. This paper will give a definition of globalization as well as provide a description of the impact of globalization on traditional management styles. The paper will discuss the transformations made by many companies from doing things the traditional way to doing things in a way that will ensure them a top position in a thriving society. It will also demonstrate how globalization has opened up many doors for thriving businesses and given them a leg up against some of their biggest competitors. Globalization has help to knock down boundaries between various countries and stabilized communication issues. Many foreign countries have begun to make English the second language to stay in the running with as well as to work in conjunction with its American Competitors.…

    • 2408 Words
    • 10 Pages
    Best Essays
  • Good Essays

    Managing global organizations has been a business challenge for centuries. But the nature of the task is changing with the accelerating shift of economic activity from Europe and North America to markets in Africa, Asia, and Latin America. Generally speaking, globalization is the process by which the people of the world are unified into a single society and function together. It is obvious that globalization brings both opportunities and challenges to a business, but it is up to that business to react or respond to the advantages or disadvantages. For instance, managers have to deal with a lot of foreign assignments compared to national labor. This is why communication is an inevitable tool of globalization. The distance between countries might be large but, because of advancements in the field of communication, the decisions are taken and implemented simultaneously and, therefore, efficiency of the company increases.…

    • 663 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    “A Global company is an organization that attempts to standardize and integrate operations worldwide in all functional areas.”…

    • 432 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    References: Bartlett, Christopher A. & Ghoshal, S. (1992) What Is a Global Manager? [Electronic version] Harvard Business Review (p.7), 1-10.…

    • 4111 Words
    • 17 Pages
    Best Essays