Contemporary Issues in Management

Q. Referring to material from the unit, critically evaluate how the passage relates to issues concerning the business activities of MNCs and the concept of ethical leadership.

Having examined Machiavelli’s passage from the ‘prince’ I believe it may be applied within the field of change management. It is important that the ‘prince’ may be used as a metaphor for an individual or an organisation. The passage focuses on the effective management of change when merging into a new global market. Drawing attention to the importance of support held by the stakeholders in regards to organisational success. Further emphasis is placed on the effects negative support can potentially have.

With organisations struggling to survive in a challenging global market, change management is at the forefront of organisational strategy. Organisations and individuals that are failing to adapt and change to the climate are the ones now struggling to survive. Throughout this essay, Machiavelli’s passage will be interpreted into relevant issues in contemporary management allowing a theoretical approach to assess the phenomenon of globalisation. To further interpret the passage this essay will draw upon corporate social responsibility (CSR), offering explanation for the growth of MNC and the effect this has had on business ethics.

During the first sentence of Machiavelli’s passage reference is made to ‘entering a new province’. With an increasing number of markets being internationalised, the world is being transformed into a global marketplace (Bishp et al. 2009). By ‘entering a new province’ MNC are contributing to what is now known as globalisation. By pursuing globalisation organisations may move into new markets often pushing for higher profits and greater market share. Founded in 1919 Tesco began as a group of market stalls and opened its first store in Middlesex, 1929 (wiki). Having established itself as the market leader in the U.K grocery industry it began to

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