Global Economy

Paper Summary:

This paper discusses the organizational changes that are occurring within modern enterprises to accommodate the needs of a diverse and international business environment. Specifically, the paper focuses on changes occurring within organizational structures among corporations large and small. The paper explains how some firms have adopted a more centralized organizational structure in response to an increasingly dynamic work environment, whereas others have adopted a more decentralized and horizontal business structure. The paper concludes that the research currently available suggests the latter organizational structure is likely to lead the wave of the future.

Contents:
Introduction
Changes in Business Structure
Centralization and International Business
Participative and Democratic Organizational Structures
Decentralization in Organizational Structure
Future Trends in Organizational Structure
Conclusions

From the Paper:

"As more and more businesses enter the global marketplace the international environment over the last decade or so has become more competitive than ever (Prasad & Tata, 1999). Despite this competition an even larger number of organizations are working together than ever before. Organizations are not attempting to keep up with rapid advances in technology and new markets while meeting the demands of a globally expanding market base and demand for better quality and more diverse products (Prasad & Tata, 1999). To compete in this new global business environment many organizations are implementing programs including Total Quality Management programs and re-evaluating traditional organizational structures."

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