Please find all the questions and instructions in the file below.
Please find the guidance notes and references for global business in the attached file.
Running Head: GLOBAL STRATEGIES
Management of Global Business
In the current environment there are several major factors of forces that affect today's organization and management. It is because an organization operates its business activities in the global environment. Following are some of the major factors of forces that affect today's organization and management -
Social& cultural factors - Social and cultural forces influences the way through which an organization conduct its operational activities. The cultural and social factors affect to the organization's ethics and its processes. Product testing, information sharing are important factors, which affect to today's organization and management.
Economic factors - These factors includes the aspects of economic system, which directly affects the project of the organizations. The inflation, labor law, opportunity costs, interest rates are the major factors of economic forces that affect the business.
Political factors& legal environment - The political forces includes the political stability, political environment of the nation that may affect the organization and management. The rules and regulation in the nation also affects the business operations of the business.
Technological factors - Other factors that affect the business processes are technological factors. The change in technology, use of advanced technology by competitors etc. are the technological factors, which affects the business (Abrams & Kleiner, 2003).
Four Functions of Management:
In order to achieve the organizational goals the management of an organization performs following four functions -
Planning - Planning is the most important function of management, which includes where the organization is currently and where it wants to be in future. The planning function of organization includes the future performance goals of the organization. It also includes the process through which the organizational goals would be achieved.
Organizing - This function includes the assignment of task, roles, responsibilities and authorities among employees in order to achieve organizational objectives. The resource allocation delegation of authorities is also included in this function (Daft).
Leading - The success of an organization in achieving its objectives lies in quality of leadership. This function helps to motivate the employees to complete the assigned task timely and according the organizational policies.
Controlling - The function that ensures plans are implemented properly called as the controlling function of management. It includes monitoring of the firm's performance in order to ensure the accomplishment of organizational goals (The 4 Functions of Management, 2009).
The role of manager can be describes as the expectations from the behavior of managers. A manager can plays following roles -
Informational role - The informational role of managers includes all the activities, which are used to develop an information network. The information role includes the monitoring, disseminator and spokespersons role of the managers to perform the organizational activities. A manager in an organization generally spends 75% of its time in talking to other people, which is related to the communication of information.
Interpersonal role - The interpersonal role includes the relationship with ...
The solution discusses the factors of forces that affect today's organizations.