Unit I HW MBA5101
The impact of globalization and the Internet presents real challenges for corporate strategic planners across the world. What is the impact of globalization and the Internet on the corporate world? Explain the important role of strategic planning in today’s competitive business world in light of these two forces?
Globalization and the Internet challenge businesses in many ways. While the benefits are numerous, in terms of strategic planning, there are many challenges as well. One of these challenges lies in the oversight and workflow of international branches of the business. In light of the lightening speed transfer of data and connectivity to offsite branches of any given vendor, the way in which corporations are regulating activities with these groups have had to evolve beyond traditional paper methods in a solitary office (Wheelen, 2010).
Along with the issues with oversight and management there are also concerns with globalization and its impact on labor forces and economies. Strategic planners have to contend with these issues and the impact to corporate structure, reputation and public perception when looking at overseas operations, salaries, work conditions, societal norms, etc.
All of these concerns make strategy planning and implementation all the more crucial in today’s lightening speed world. Strategic Planners must hustle to keep up with the ever changing, rapid pace to ensure that companies are aligned and in synch with the rest of the world.
Wheelen, T. L. (2010). Concepts in strategic management and business policy: Achieving sustainability (12th Ed.). Upper Saddle River, NJ: Pearson Prentice Hall.
What are the responsibilities of the board of directors? Please provide an example of a board of directors that did not meet its responsibilities.
Boards of Directors have many roles and responsibilities, none of which should be taken lightly and all directly impact the success or failure of the company (Wheelen, 2010). Some of these
Globalization and the Internet challenge businesses in many ways. While the benefits are numerous, in terms of strategic planning, there are many challenges as well. One of these challenges lies in the oversight and workflow of international branches of the business. In light of the lightening speed transfer of data and connectivity to offsite branches of any given vendor, the way in which corporations are regulating activities with these groups have had to evolve beyond traditional paper methods in a solitary office (Wheelen, 2010).
Along with the issues with oversight and management there are also concerns with globalization and its impact on labor forces and economies. Strategic planners have to contend with these issues and the impact to corporate structure, reputation and public perception when looking at overseas operations, salaries, work conditions, societal norms, etc.
All of these concerns make strategy planning and implementation all the more crucial in today’s lightening speed world. Strategic Planners must hustle to keep up with the ever changing, rapid pace to ensure that companies are aligned and in synch with the rest of the world.
Wheelen, T. L. (2010). Concepts in strategic management and business policy: Achieving sustainability (12th Ed.). Upper Saddle River, NJ: Pearson Prentice Hall.
What are the responsibilities of the board of directors? Please provide an example of a board of directors that did not meet its responsibilities.
Boards of Directors have many roles and responsibilities, none of which should be taken lightly and all directly impact the success or failure of the company (Wheelen, 2010). Some of these