Management of Global Business

Paper Summary:

This paper begins by examining the history of the development of globalization and the true meaning of this concept. It then defines what "global environment" is and why this change of business environment requires changes in management strategy. It then looks in detail at various management functions as to where and how they can be adjusted to the new globalization era. The paper concludes with ways that global business has changed and improved quality of life.

From the Paper:

"Globalization the spread of economic innovations around the world and the political and cultural adjustments that accompany this diffusion appears to be unstoppable. The reason is because globalization it is not the result of a planned activity by government or military power "toward ever larger geopolitical entities. Nor is it the product of some growing ideological conformity on how we should live. It is, rather, the organic result of the virtuous cycle ", by which economic convergence and the diffusion of innovation raise standards of living over time" (Lewis & Harris, 1992, p. 114). "

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