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

  • Satisfactory Essays

    Mkt 421 Week 3

    • 782 Words
    • 4 Pages

    When an organization wants to go global, they look at the opportunities in all countries that will permit that organization to enhance the effectiveness of business functions everywhere the organization has operations and then devise a strategy to achieve that goal. The two main reason an organization looks to globalization is for standardization and customization. Standardization uses a regular product, service and message over all markets to solidify the image of the brand. Standardization works until consumers turn to local companies that identify with the region’s cultural needs and wants. The other reason is customization which is standardized products, services, and messages that have…

    • 782 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Global Management

    • 360 Words
    • 2 Pages

    1. If you were in charge of the Asian operations for McCain, how would you recommend the company overcome the challenges in the Chinese market?…

    • 360 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    References: Anthony, K., Kowske, B., & Nilsen, D. (2005). Managing Globally: Managing a Diverse, Global Environment is Critical Today. bNet Interactive Business Network, August 2005, 3. Retrieved from: http://findarticles.com/p/articles/mi_m3495/is_8_50/ai_n14931513/…

    • 2056 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Global Management

    • 1266 Words
    • 6 Pages

    In the year 2000, Amazon had already established itself as one of three main booksellers in the United States, along with it's two competitors; Barnes & Noble and Borders. (Peng 2011, Pg. 155) Amazon wanted to take advantage of the Japanese market because there was a large market with very little competitors. Amazon was very optimistic after opening its doors the first year, but were very disappointed when sales only reached $150 million, which is nothing compared to it's worldwide sales of $4 billion. Amazon was unsure as to why it wasn't as successful in Japan as it had been in the United States. Amazon did some research to find out more about it's Japanese customers and also learn some of the laws, such as figuring out the primary source of their troubles came from the unique institutional landscape of the Japanese book selling industry, known as the Saihan system. The Saihan system allowed publishers to fix the price of new books and newspapers which took away from Amazon's advantage from it's competitors of having the lowest prices.…

    • 1266 Words
    • 6 Pages
    Powerful 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
  • 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

    International management is the process of developing strategies, designing and operating system, and working with people around the world to ensure sustain competitive advantage.…

    • 1484 Words
    • 6 Pages
    Good Essays
  • Good Essays

    the challenge to provide global managers advices that enable them to know how to work in different…

    • 2470 Words
    • 10 Pages
    Good Essays
  • Good Essays

    1. What does the term Global Management mean?Global management is the management of operations in more than one country…

    • 2442 Words
    • 8 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

    Student

    • 1250 Words
    • 5 Pages

    Subject Description Around the world, company managers are creating a new business order by internationalizing corporate activity. This course focuses on concepts that should be known by students intending to be involved in global commerce.…

    • 1250 Words
    • 5 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 Management

    • 1825 Words
    • 8 Pages

    The objective of this paper is to briefly explore the options of accepting the early retiring package or deciding to continue to work for another 5 years and assist with the restructing plan to reduce costs. There are some questions for the early retirement package as well as some questions around organization restructuring strategy.…

    • 1825 Words
    • 8 Pages
    Powerful 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

    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