Corporate Management in Action Free essay! Download now
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Corporate Management in Action
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| Words: 3849 | Submitted: 03-Jan-2012
98.2% | Number of pages: 15 | Filetype: Word .doc
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DescriptionEssay is all about corporate management
In this abstract I will discuss different aspects which are affecting my business whether they are globally or socially. Now there are different factors which are influencing the business all over the world which are as follow:
The advent of social media
The rise of online retailing and PayPal
Developing economies with low wage rate and cheap labour
Requirements for hard system and soft system
Firstly, I will discuss about the globalization, its impacts on business and its pros and cons.
“Globalization is the system of interaction among the countries of the world in order to develop the global economy. Globalization refers to the integration of economics and societies all over the world. Globalization involves technological, economic, political, and cultural exchanges made possible largely by advances in communication, transportation, and infrastructure”
(http://hubpages.com/Definition-of-Globalization (Retrieved on 25-11-2011)
“We cannot forget that while the iron curtain has been brought down, the poverty curtain still separates two parts of the world community”
Javier Perez de Cuellar
Globalization was new word in 19th century for the whole world. But there is always a debate on globalization that is it good for world or only suitable for developed economies? Globalization is increasing the income or decreasing it? Due to globalization there is any increase of understanding of other cultures, exchange of information and has increased the purchasing power of poor man in developing economies OR this is only strengthen the developed economies as they are expanding their business in developing countries due to cheap labour and low wage rates?
These are the questions and also effects of globalization which are influencing the profitability of business.
Effects of Globalization:
There are different effects of globalization which are positive and negative given below:
Bring improvements in International Trade.
Bring progress in technological progress in different fields
Increase investment of Multinational Companies across the borders.
Also increases the mobilization and exchange of Human Resources across Countries
Increases the trend of outsourcing from developed countries to developing countries due to low cost and cheap labour.
Reverse the growing economic gap between rich and poor countries of the world but unfortunately it does not happen.
Different countries also facing the threat of inequality due to media, internet and other resources which are manipulating against developing countries on basis of their power, ...
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