Explain and discuss how Globalisation has affected the growth of Essay

Explain and discuss how Globalisation has affected the growth of international business - Essay Example In any case, it has been proved that globalisation can highly affect the growth of international business but the process used for the achievement of this target is not standardized. The involvement of globalisation in the growth of international business has been highlighted in the literature and the empirical research; however, academic researchers have employed in order to justify the power of globalisation on international business. In accordance with Dunning (1999), globalisation offers to businesses the chance to expand their activities in the global market, either physically or through the Internet. Reference is made, for example, to the case of the communications industry where globalisation has given ‘enormous opportunities for expansion and high profits for the industry’s major firms’ (Dunning 141). Another example used in the study of Dunning for showing the relationship between globalisation and international business is that of the financial services firm Merrill Lynch, a firm ‘operating in about 31 countries’ (Dunning 141). In accordance with the view of Dunning, as presented above, globalisation can support the development of businesses internationally; however, such benefit is expected to be available only to large firms, which have the resources necessary for enjoying the benefits of globalisation. Small and medium sizes firms would face many difficulties in entering the global market; moreover, the firms of this size could not compete international firms. In other words, globalisation could support the growth of businesses internationally, but such prospects would involve mostly in firms of large size – as also explained in the study of Dunning (1999) above. A different perspective of globalisation is highlighted in the study of Worthington & Britton (2009); in accordance with the above study, the international market is not related only to international businesses; it is suggested that ‘businesses of all sizes should be aware of their international context’ (Worthington & Britton 45). Moreover, it is made clear that one of the key benefits that globalisation can offer to businesses internationally is the provision of an extended market for their products/ services. In other words, for the above researcher, the concept of globalisation reflects the existence of a market, which is geographically expanded as possible – covering the markets of all countries worldwide. In the study of Wall and Minocha (2009) emphasis is given on the use of globalisation for achieving benefits in a wide area of activities/ areas, including trade, politics and sociology. Regarding specifically trade, globalization is expected to have specific benefits: improvement of the quality and the level of trade developed among states and organizations internationally (Wall & Minocha 2009); moreover, globalisation could help toward the ‘increase of the international capital flows’ ( Wall and Minocha 2009, p. 14). Also, globalization could help towards the increase of ‘capital flows worldwide’ It is expected that businesses, which operate globally, would be also strongly benefited from globalisation. However, an important implication of the view of Wall & Minocha (2009) on globalisation would be the following one: not all firms of large size are able to compete their rivals; the lack of effective management would not allow firms of small/ medium size to get access to the international

Reflection Paper #4 Assignment Example | Topics and Well Written Essays - 750 words - 2

Reflection Paper #4 - Assignment Example He asserts that leaders need to inspire action rather than manipulating the people to act. He eludes that the motivation all start with WHY. He then elucidates the WHY concept where the saying that organizations must know what they do. Additionally, he claims that the companies and people know exactly how and what they do. Further, few individuals or corporations articulate the essence of why they do the things they do (Paradiso, 2015). Pertinent to Dan Pink’s conception of motivation, my strategies have experienced significant influence. The leadership approaches need not to follow the carrot-and-stick approach but have foci on the aspects of mastery, autonomy, and purpose. In this regard, it is of profound importance for the methods to motivation to master the content, have independent decisions and aim at achieving particular goals. Based on Simon Sinek’s notion, the leaders and their institutions must know what they want, how to meet the goals it, and should have specific aims to achieve it. The calling of the leader is to influence the followers to attain the set goals and objectives. Leaders have a significant role to change the peoples’ attitude toward the expectations of the society besides their responsibilities. Different individuals have varied mission narratives cognizant to their long-term goals. For instance, I intend to be a renowned motivational speaker and influence both employers and employees toward embracing organization ethics in their organizations. Fundamentally, the ethical issues that the people face in their workplaces help me grow and learn to have a vast understanding of the causes of such challenges. In return, the knowledge amassed will allow the development of working strategies to the identified problems. In most cases, I possess a growth mindset concerning the online test on Dr. Dweck’s mindset test. In reality, mindsets predict the level of motivation and achievement. Contextually, positive or growth