Level 05-Managing organization in Global context – this assignment needs more revision and more references only referencing is incorrect ” minimum references 5″ and doesn’t match Harvard referencing
17 Business Organization in Global Context Task1 1.1: Difference between the organizations that are working in the different sector, industry, plus contexts As the result of globalization, we have organizations operating businesses in different sectors, contexts, and industries. The selection follows the scope plus objective. For different nations, they have got different emphasis as well as context. The difference should be understood clearly before going global. A sector is a universal segment where larger companies are classified. According to the type of ownership, the sector could be subcategorized as either public or private. For private sectors, they are owned by the government, and they are nonprofit whole for the public sector, the general public owns them. The individuals have to work for the company. Corporations plus not-for-profit are the private sectors. The manufacturing, producing, distributing, and marketing processes differ based on the industry. Context is the mode for organization operations besides how it’s structured, including the values plus culture of the company. Cappelli and Sherer (1991) portray context as surrounding associated with the phenomena that illuminate that phenomenon. This might differ from one organization to the next. The strategy of the organization, tactics, plus operation might. The strategy of the organization, tactics, plus operations cannot be suitable for the other organizations. 1.2: Responsibilities for the business organizations which operates globally Accepting global responsibility is defined as the action for leadership. It’s voluntary besides being deliberate in using the organization’s resources to achieve sustainability. The responsibilities of the organizations which are operating globally are: – Customers: they are the key focus for the company. The company should understand customers’ needs to do business consistently and in a fair manner to give the customers a good experience. To maintain the customers globally, the organization should deliver quality products and services. Community: This group comprises the local chambers for commerce, services lab, the social clubs, among others. As part of the global society, the organization has to be involved in meetings being held by the community. The organization has to donate to charitable organizations to enhance organizational goodwill in a global context. Employees: Since the employees are the organization’s asset, the responsibility of the organization doing business globally increases when its operations are global. The organization should not discriminate during the hiring process. The organization should be at the forefront of promoting diversity plus equal employment opportunity. Suppliers: The organizations should maintain good relationships with the suppliers via honesty plus fairness. It is vital for reducing the costs and speeding up the growth in the new nations. Law: When going global, the organization should understand rules plus regulations of host nation. It should abide by laws plus regulations provided by the host nation. Contract papers plus other documents should be prepared at the time of registration. Ethics: The business is required to conduct its activities ethically. If it leads to pollution of the environment, then it might end up losing its reputation in the host nation. Research: The organization should research plus analyze the market segments to knowing needs of the culture of new areas. If the organization does not research, it will be hard to survive. 1.3. Strategies being employed by businesses that operate in the global environment When the business goes global, it has to develop strategies that will assist them in surviving in the global environment. The global strategy considers the new global factors. For example, in the case of Toyota and BMW, they have come up with a distribution channel plus a marketing network centered on the leading brands in the market, which are well known globally. The key characteristics of global strategies include: Treating global markets by way of the local markets. Establishing marketing mix globally. Launching the production and distribution systems globally. Concentrating on the leading brands rather than several brands that confuse individuals. In establishing the global strategy, the organization can carry out a pestle analysis which is vital for understanding the external factors while operating globally. The mission statement has to come up with a global focus. The organization is well aware of its goal for carrying out the plans, which will assist in focusing on the global markets. The global strategy comprises the marketing plan that includes the marketing mix, process of production, plus the plan for distributing. For instance, Singapore Airlines adapted the global strategy to decide the country for deliberating on its business. It created a strong brand image globally that led to instant recognition. Task2 2.1. Benefits plus the challenges to the global businesses operation from the external factor For globalization, it can be rewarding to the growth of the business. It is also beneficial for the development of the global economy. By tapping into new markets besides expanding the base of customers, you bring the people close together. One of the key benefits is providing access to the new or too different markets, assisting in developing the products in new ways, sharing of the knowledge, technology plus culture, Through the knowledge for the sharing of the basic industry standards having been set besides international bodies working in setting the standards for the labor plus employment laws plus the tax regulations. This also assists in accessing the diverse tools, diversified work culture, and workforce. Some challenges are encountered by globalization. This disadvantage refers to the socio-political issues that the governments plus the companies face. The businesses in the industrialized nations have subcontracted the production plus some of the service to the developing nations. Although this is good for the local economy in the developing nations, local employees are vulnerable to higher levels of abuse. The other challenge is the loss of jobs where for the developed nations like the U.S., most of the services and unskilled labor are being outsourced to the developing nations. Due to this, most of the locals have lost their jobs. Globalization and expanding internationally are expensive endeavors. It leads to environmental degradation, taxes which is a nightmare to employers and businesses across the borders. 2.2. Measures which the governments take to influence activities for global business organization For the government, it has got some objectives which include full employment, reducing inflation, balancing exports and imports, improving living standards, plus the reduction in the gap between the poor and the rich. In achieving objectives and controlling the economy, some measures are taken by the government, which influences the activity of the business organization. The measures taken includes. Employment policy: The government is working on increasing employment opportunities. As a result, the government can arrange training programs for employees and sponsor them. Local policies: The government has to make the funds available for regions facing problems, including g unemployment illiteracy, and solve the problems. Inflation policies: The government works on keeping the economy at equilibrium. To maintain this, the government uses instruments such as interest rates. If we have chances for people to borrow besides spending more, the government increases the interest rate. As a result, borrowing turns out to be costly, leading to a decline in purchasing power that results in reduced prices. Training and education policies: The government has to support training and education to make them advanced. Policy for taxation: Businesses contribute a lot to the economy through the payment of taxes. The government assists the business by spending money on projects, including constructing roads. Global policies: Government influences the global trading through encouraging the sales of the local goods in the foreign nations or discourage imports. Establishment of new laws: Government could influence business organizations through the improvement of the existing laws or by making new laws that favor the nation. 2M1. How the national performance of economy in a given nation impact activities of the global businesses organizations? Fiscal and monetary policy affects the purchasing power plus the capacity to borrow for the individuals and the businesses. The banking policy affects the rates of interest plus the prices for the goods besides dominating the investments. When the factors favor the business, then we expect growth. However, it will have to have losses. The vital factor which influences businesses is the rate of employment plus income. For instance, in times of recession, several unemployed individuals rise while the purchasing power decreases. Due to this, the business will end up having the dark side. In case individuals of host nation have education; this is vital for the global businesses. When the individuals are educated, it becomes easy to train and work with them. The level of education is vital for growth globally. The prices for the commodities have got a huge impact on the businesses. If we have a rise in level of prices, the costs for the raw materials, producing, transporting, besides other expenses will rise besides lowering profits margin for the organizations. The other factors comprise inflation, interest rates, population, recession, and the trade cycles. If there is any change in the economy, it might hamper the businesses greatly. Businesses should be prepared to deal with any challenge that might arise. Task3 4.1. Environment where global businesses organization currently operates in UK The economic condition within United Kingdom is stable. The United Kingdom is advancing in recognition as the business Centre for Europe. It is one of the perfect global business areas since the government supports and cares for international businesses. Due to this U.K. has turn out to be the 6th largest exchange nation globally. It has a stronger position in the researching, development, plus technology leading to the global environments. For state, it has got stronger strategies, including building the diverse methods used in trade, lowering the rates of taxes, shutting of the unlawful businesses, plus reduction of barriers in the overseas trading, thus supporting the global businesses plus its sustenance. There is high workforce in the U.K. due to effective training programs. The strict laws and the regulation systems for the businesses comprising ant bribery laws keep the global environment clean. 4M1. Strategies for addressing issues that affect business in the U.K. For the selection of the U.K., it’s one of the nations with a good environment for doing business. For a business to succeed in the global environment, it has to adopt some strategies for it to have a competitive advantage compared to the others. Some of the strategies that the company can adopt includes: Inviting new individuals: The business can take the initiative of welcoming new investors or adopting a new business process that can increase profits. Extension of the products: For the target market to be satisfied, the company has to develop new or modify to have quality products. Technology: Technology has continued advancing over the last decade. Currently, most of the business processes are automated. This will assist in saving time and concentrating on production. Market extension: The organization has to tailor its products in a manner that attracts new markets for the existing products. Innovation: To survive in the market, it has to be innovative through creativity. 4D1. Opportunities and challenges to the specific business organization operating in the U.K. In the U.K., the global forces that can impact the businesses comprise increased scale for international trade, an increase in the level of multicultural in U.K. companies, increase in interdependency for the national economy. For Lindum, it has to deal with these challenges. The opportunities will include: New trading partners: there are lenient trading rules that are springing in the whole of Europe, which is good news to the U.K., which is in the position of finding new partners to trade with. Riding of tech waves: If the U.K. can create tech growth hubs like the pones in the U.S., it will be in a better position to get a slice of the tech market. Migrant education: The current population for the U.K. has got first-generation migrants working in less skilled fields. The cosmopolitan Brits, U.K. can build an intelligent population with a good education for the next generation. Task4 3.1 Globalization Impact on operational managements of business organization Businesses use operational management strategies, including research and development, as the response for influencing globalization. Research and development are working directly to attaining innovation, introduction, plus improvement to the processes and products. There is stronger positive relationships between globalization plus research and development as the businesses have the advantage for accessing latest markets inquiries plus the customers’ preference that opens new markets option for the consumers. The progressive implications for using the research and development as an answer for globalization involve McDonald applying the R&D processes that involve external understanding factors which affect the consumers’ spending ways. McDonald’s engage the suppliers, the consumers, plus the franchise globally to ensuring the foodstuffs plus services offering satisfying the world in general. This could be seen where McDonald’s employ the executive chefs to assist a chef’s team in creating new menu things for the business in its tests kitchen within Chicago in USA. It can be seen as the negative implications for research and development since it consumes valuable finance resources which don’t provide the return for the years. This could be understood when McDonald’s try creating new goods in tests kitchens that could be extended by depending on products besides taking time before the products hits restaurants. Generally, it has got a strong relationship between influences for globalization plus responses for research and development as strategy basing on consumers’ preference globally McDonald’s has to go through the R&D to be able to satisfy the demands of the consumers. The business uses operations management strategies, including e-commerce, as the response to influences of globalization. Ecommerce and globalization have a strong positive relationship where most of the businesses activities are being conducted online, hence being considered time-efficient methods for addressing most of the core businesses activities. It has resulted in the developing of the e-commerce. This led to positive impacts on the businesses, including BlueScope’s steel found in China, that has allowed businesses to buy the sources for iron ores online from cheap suppliers globally. Finally, the business uses operational strategies between the globalization plus outsourcing, as the business has an advantage for access of cheap materials plus supplies. There are strong relationships concerning globalization plus outsourcing, as the businesses can access cheap materials plus supplies. The positive implications for outsourcing as the answer to globalization involve having an instant global accesses to the cost-effective manufacture. 3.2 How technology has impacted global integration Technological advancement has facilitated globalization. The progress in the technology is one of key factors currently driving the globalization. The breakthroughs in the technologies has compelled the organization to becoming global through increasing the economies of scale plus markets sizes required for breaking even. The advancement in technology reduces transportation and communication costs across the nations, thus the facilitation of global sourcing for the raw material plus the other input. The patented technologies encouraging globalization as firms which own patents could exploit the foreign market without any competition. Information technologies resulted in the rise of the global villages. For instance, worldwide web resulted in a reduction in the barriers for a time as well as place in business dealings. The sellers and the buyers could make the transactions anytime and anywhere globally. The sellers and the buyers could make the transactions at any given time. The changes in technology usually affect investments. Technology was limited to the rich nations having high wages. At the moment, technology can be transferred easily to the developing nations with high-tech production combined with low wages. Many of the firms in the advanced nations currently outsource the labor-intensive service from the developing nations, including India. 3.3 Different kind of approaches to the leadership plus decisions making in the global organization There are three approaches to decision-making: avoiding, problem seeking, and solving. Avoiding: You should not choose at all. The reasons for this are: Lack of sufficient information for making choices between the alternatives; negative consequences for the selection of alternatives which outweigh benefits of selecting one; lack of pressing needs for the choices existing plus status quo could continue without any harm; the person who is considering alternatives lacks authority for making decisions. Problem-solving is the desire to arrive at a definite goal from the current condition. This requires problem definition, information analysis, evaluation, and alternatives. Problem seeking: trying to solve the problem brings in focus. It can be found as poorly defined and missing the key dimension. The decision-maker has to step back and reconsider information besides analyzing where they have to return to the starting points besides specifying issues or the problems they are looking forward to addressing. When it comes to leadership, three leadership theories have to be considered, including the psychological approach situational plus behavioral approach. The psychological trait is because one has certain behavior that forms a product for the personality, making it easy to distinguish one from the other individuals (Edem,1997). This approach argues that knowledge, flexibility of the minds, willpower, integrity, plus physical plus emotional resilience. This approach conceive that the leadership trait is present in the leaders plus group where leadership exist. For the leaders, the social, cultural, plus physical environments play complex roles in developing beside the leader’s being. Situational approaches believe that leadership is the function of social situations, where we interact between leader plus subordinate. Leadership is the concepts applied to interacting among two or more individuals. Any groups are the systems for interacting where each member has been assigned the role within a system (Gibb,1984). Finally, the behavioral approach sees leaders as the passive ones. The reason for that is that leadership is passion or an interaction of the personality plus social environments being drove for virtues of situations. Conclusion Research has proved to impact business growth positively. For any business today, growth is key. When the business decides against going global, this impacts it greatly. As a result of globalization, global growth is a common aspect globally. One thing has to be considered carefully, no matter the growth. The center for the strategies should be for the satisfaction of the customers. References Cappelli, P., & Sherer, P. D. (1991). Assessing worker attitudes under a two-tier wage plan. ILR Review, 43(2), 225-244. https://doi.org/10.1177/001979399004300204 Edem A.D. (1987): Introduction to Educational Administration in Nigeria Ibadan; Nigeria Spectrum Books, p 57. Gibb, A.C (1984): Leadership Gardener Lindsey (ed) Handbook of Social Psychology, Cambridge: Addison Wesley 1954 p 61
Level 05-Managing organization in Global context – this assignment needs more revision and more references only referencing is incorrect ” minimum references 5″ and doesn’t match Harvard referencing
Unit K/617/1175 Business Organisations in a Global Context Level 5 15 Credits Sample Assignment Scenario You have been successful in gaining an internship with a consultancy business called Claret and Blue Consultancy Ltd. Your line manager is preparing to host a 2-day Global Trade Conference. This is an event where organisations interested in expanding their business into new markets will be seeking information and advice on undertaking business in a global environment. As part of your internship you will assist your line manager in organising and preparing for the event. You have been asked to complete a number of tasks. Task 1 Prepare a draft presentation and speaker notes for delegates at the conference, so they can understand the differences between global business operations operating in different contexts. There are likely to be over 50 delegates present so the style of your presentation will need to take account of this. Your draft presentation and speaker notes must cover the following points on global business operations: an analysis of the differences between global business organisations working in different sectors, industries and contexts an assessment of the responsibilities of business organisations operating in a global environment an evaluation of strategies employed by business organisations operating in a global environment LO1, assessment criteria 1.1, 1.2, 1.3 Task 2 In addition to the presentation you have been asked to provide each conference delegate with a handout that sheds light on the significant economic and political factors impacting on organisations. Your handout should meet the needs of the conference delegate and cover the following: an evaluation of the benefits and challenges to global business operations from external factors a review of measures taken by governments to influence the activities of global business organisations LO2, assessment criteria 2.1, 2.2 Merit Task To achieve a Merit you must produce a second handout which: analyses how national economic performance in a specified nation impacts on the activities of global business organisations LO2 2M1 Distinction Task Prepare a business report for submission to your line manager that evaluates the current global environment for business organisations LO2 2D1 Task 3 At the conference, your line manager is approached by the Chief Executive of an organisation representing local businesses. The Chief Executive has asked Claret and Blue Consultancy to produce a booklet which his members would use as an example of the types of issues impacting on business activities in a named country. Your line manager has asked you to produce a draft for his consideration. In the booklet you must: review the environment in which global business organisations are currently operating in your named country LO4, assessment criteria 4.1, Merit Task Your booklet must also discuss strategies to address issues affecting business activities in your named country. LO4 4M1 Distinction Task Your booklet must in addition assess the opportunities and challenges to a specific business organisation of operating in your named country LO4 4D1 Task 4 At the end of the conference your line manager asks you to prepare a magazine article. The purpose of the article is to provide an exposition of the significant issues coming out of the conference and in particular the impact of global factors on business organisations. The article needs to include: an assessment of the impact of globalisation on the operational management of business organisations an evaluation of how technology has impacted on the global integration of business organisations an evaluation of the different approaches to leadership and decision making in global organisations LO3, assessment criteria 3.1, 3.2, 3.3, Guidelines for assessors Work submitted by learners must achieve the learning outcomes and meet the standards specified by the assessment criteria for the unit. To achieve a merit or distinction grade, the learners must demonstrate that they have achieved all the criteria set for these grades. Where work for the pass standard is marginal, assessors can take account of any extension work completed by the learners. The suggested evidence listed below is how learners can demonstrate that they have met the required standards. Task number LOs and AC Suggested evidence PASS Suggested additional evidence MERIT Suggested additional evidence DISTINCTION LO1 AC 1.1, 1.2, 1.3 AC 1.1, 1.2 and 1.3 The learner must produce an informative presentation on an appropriate presentation software. This should be accompanied by a set of notes which demonstrate the learner’s understanding of key differences between global business operations. The learner should choose an appropriate format for the presentation to meet the needs of the delegates. The presentation and notes should provide a clear analysis, using a wide range of examples of the sectors in which organisations function. In addition, the analysis must also consider the key differences between a range of organisations in terms of nature, scale, structure and legal status. Examples of different types of business operation should be provided. The presentation and notes should also assess the responsibilities that organisations have to a range of stakeholders, providing specific examples of stakeholder needs and possible conflicts between different stakeholders. Examples of organisational stakeholders and different needs should be drawn from an international perspective and learners must consider the ethical issues surrounding global business operations. The learner should also evaluate a range of key strategies and how they should take account of global differences. LO2 AC 2.1, 2.2 2M1 2D1 AC 2.1 and 2.2 The learner must provide a hand out to accompany the presentation, which underpins their understanding of the impact of external factors on organisations. The evaluation must be balanced and cover both benefits and challenges to global business operations from external factors The review must be detailed and cover a range of measures taken by governments to influence the activities of global business organisations. Learners should include specific examples to demonstrate that the standard is met. The learners are required to relate their work to a named country. There are a number of standards in this unit which refer to a named country and learners may wish to use one country for their work, although this is not a requirement. Learners must produce a full analysis of how the national economic performance in the named country impacts on the activities of global business organisations. Learners must use exemplar material to support the analysis. The report must be appropriately structured. The evaluation should be current and examine the impact of the global dimension from different perspectives, using examples. The work should lead to judgements and conclusions. LO4 AC 4.1, 4.2 4M1 4D1 AC 4.1 and 4.2 The review should be detailed and specific examining the issues and opportunities which organisations are facing in the named country. Learners must provide a range of information and examples should be used to illustrate how the environment is impacting on different organisations, both favourably and unfavourably. The booklet must be appropriate for the specified audience. The learner needs to consider a range of strategies which are directly related to the named country and the learner should express views on their success or potential for success. The learner must identify the organisation and the country which are the basis for their work. The assessment must consider the strengths and weaknesses of the opportunities and challenges and lead to personal judgements. LO3 AC 3.1, 3.2, 3.3, AC 3.1, 3.2, 3.3 The learner must produce a magazine article in an appropriate format for the intended audience. The article must cover the key topics which are listed in the assignment. The learner work must be balanced considering strengths and weaknesses and judging the evidence from the different perspectives, so that it demonstrates the understanding required by the LO. © ATHE Ltd 2018