Sample HI6005 Management and Organisations in a Global Environment Report

HI6005 Management and Organisations in a Global Environment Report Sample

Assignment Details

Purpose of the assessment

1. Acquire a broad understanding of the theoretical and practical knowledge of Management and Organisations.

2. Analyse complex problems relating to Management and Organisations and their impact on the business due to globalisation.

3. Critically analyse policy tools which are used by governments and how these policies impact the global organisation.

4. Comprehend how businesses benefit from understanding the role of Management in organisations.

5. Synthesise theoretical and practical knowledge of management of global organisations, develop an in-depth understanding of the theories and practical knowledge necessary for managers to formulate appropriate strategies.

The written report should begin with the broad research topic, followed by each component identified by the student who prepared it. (2500 ± 10% words)

Your report is to be written as a business report. It must include:

- Executive summary

- Table of contents

- Section headings

- Paragraphing

- Page numbers

- 'Who did what' section (use the below table as a template)

- The reference list at the end of the report

To ensure that all students participate equitably in the group assignment and that students are responsible for the academic integrity of all components of the assignment. You need to complete the following table, which identifies which student/students are responsible for the various sections of the assignment.

List of Topics (Choose one):

TOPIC 1

Globalisation General Framework

TOPIC 2

Management Decision Making: Social Model General Framework

TOPIC 3

Organisational Structure General Framework

TOPIC 4

Performance Management General Framework

TOPIC 5

Motivation: Process Theories General Framework

Solution

Introduction

Globalisation is the process that develops interaction with companies, the government and the people. Globalisation is characterised by the services capital and the exchange of goods and ideas. Globalisation is also regarded as the convergence of the economic and cultural systems. The concept of Globalisation is a widely discussed topic in contemporary social development and in economics that deals with the fusion of cuisine to the outsourcing of talent and population. As per the concept of globalisation, the world is developing a certain place that is highly suitable for emerging business and will support the requirements of the labour class and the people will have equal access to the facilities and resources. The assessment will cover a wide discussion on the concept of globalisation, space and time and poverty.

1.The ideas of ‘The Flat World' 'The Shrinking World', ' and 'The Borderless World'

The ideas of the flat world in globalisation are considered to narrate the role of technological innovation in global competitiveness (Simoes et al., 2021, p4(1)). As per Friedman, the world has turned into a place of playing after the emergence of developed software and high-speed internet. Friedman also described the world as a place where the flattering and shrinking are happening at the same time.

The ideas of a shrinking world express a way to make the world feel more connected. The idea of the shrinking world reflects the elimination of distance between individuals. The evolution of technology has made the relationship stronger with the people who live at a geographical distance. The concept of globalisation has improved communication and has facilitated financial growth both for the individual and for the different business organisations and for a country (Wouters, 2020, p4(1)). This particular concept claims that the idea of globalisation has initiated the exchange of ideas and creativity that has a significant contribution to driving financial growth.

As per the concept of the borderless world, there are no restrictions on international trade. The financial capital, labour flow and business production can move freely around every part of the world. As per the concept, the ideas of the national economy have been merged into the concept of the global economy. This particular concept of globalisation is considered as the pure advocacy of economic globalisation.

P. Ghemawat's Questioning on Globalisation

Pankaj Ghemawat is an Indian American economist famous for his works on globalisation. Professor P. Ghemawat argued that as per global data, the world is not as connected as it is claimed to be. In support of his claims, he has given the example of the Walmart issues and challenges that have emerged in the Middle East and worries about the eurozone ‘s future.

In the Arabic edition of his book a redefined global strategy has been mentioned. As per the concept of the book, the world can be described as a place that is semi globalized and that is far different from the full integration of globalisation. As opined by the Ghemawat despite the presence of globalisation as a most global approach there are significant factors that are affecting the business. Cultural differences like ethnic background, differences in language, and religion are some of the factors that are creating conflicts and negatively affecting the communication of individuals and also limiting collaboration with global business partners (Waris Copic and Pussfält,2023, p11(1)). Moreover, significant disruption can occur in the management of a business and can affect the flow of information and the presence of the below diversity and inclusion in the workplace can also restrict the hiring of the required talent to the business organisation. After analysing the Question of Ghemawat it can be stated that the concept of globalisation is not accepted equally in every part of the world. The concept of globalisation is evolving slower than expected and is not as expected as it is portrayed in the global market. Ghemawats also claimed that the world is not a single large market but an amalgamation of small entities that have different levels of openness. The economist believes that a business must have a profound knowledge of the local area for the creation of new opportunities and for the sustainable growth of the organisation.

Figure 1: Decision making space
(Source: Leiblein et al., 2022)

Ideas About The Way The World Could Be Globalised More Effectively.

Ghemawat's renowned AAA framework is a modernised approach that helps in the global value the strategies are based on adaptation, Aggregation and arbitrage. The adaptation helps to develop the business strategies and business model after assessing the local requirements. The adaptations are regarded as the most widely accepted strategy of globalisation. Aggregation is focused on finding the scope to deal with the regional differences. This particular concept of globalisation addresses the differences and similarities and then addresses the procedures of commencing the economies of scale. The third strategy is arbitrage which is aimed at addressing the differences (Leiblein et al., 2022, p728(4)). Rather than incorporating those differences the strategy believes in purchasing low in a market and selling it at higher costs in another market for the assignment helpline In this context, Ghemawat gave the example of Walmart. The company saves a higher amount of cost by buying the material at a cheaper price from the market of China. It is a perfect example of globalisation and corporate bargaining.

Figure 2: AAA framework
(Source: Economygdp, 2024)

2. Anthony Giddens' Ideas on Globalisation

The renowned sociologist, Anthony Giddens’ has given his point of view on globalisation in a very simple and very productive manner. He reflects globalisation as a very critical and dynamic procedure. According to him, this dynamic pressure has significantly put an impact on political, sociological and economic fields not only of a specific nation but also across the whole world. While demonstrating the actual definition and impact of the globalisation process, he evaluates the very dynamic process through various types of internal and external factors (Susen, 2020, p. 10(2)). The following points are some key ways of demonstrating the globalisation process as per the point of view of prominent sociologist Anthony Giddens.

Anthony Gidden has described this critical process of globalisation as an escalation of worldwide interpersonal relations between society, economics and politics. These internal and external factors play a crucial role in linking up distant areas and regions (Byrne et al., 2021, p. 8(2)). This type of interpersonal relations can have a major impact when a major event is occurring in a particular particular area of the globe but its impact can be measured by almost every part of the world.

Dissociation Between Space and Time

According to Anthony Giddens’ work, the dissociation of time and space can play a vital role in fostering the process of globalisation in a more dynamic manner. By supporting this concept, Giddens further reflects that, particularly in this generation of modern tools and digital integration, the way of communication and transportation is much easier and more time-consuming. Due to the advancement of the internet and communication technologies, digital tools help the communicator to surpass a large portion of the world without taking much time. On the other hand, modern technologies have helped the generation to link up between time and space. Anthony Giddens believes that these parameters have certainly played a dynamic role in giving a new direction to the process of making a global relation between the countries.

Figure 1: Impacts of Globalisation
(Source: Self-Created)

Globalisation as a Rationalist Procedure

Furthermore, Anthony Gidden objectifies this globalisation process as a little controversial and rationalistic process. The dynamic process helps the individuals to connect with others very easily and also integrates and fosters the frameworks regarding financial, political and legal prospects, however, it has the ability to introduce various types of negative concepts across the society (Delmas-Marty, 2020, p. 198(3)). According to Giddenns’ point of view regarding this part, the concept of globalisation can introduce poverty and marginalised community-based societies across the world. This process can speed up the countries that are listed as third-world countries. So he typically believes, this process of integrating the global relation process and globalisation concept drives both the culture of positive and negative environments from time to time.

Globalisation Promotes the Concept of Modernity

During his work on globalisation, he has connected the process with the concept of modernity. He sees the process of globalisation as one of the major supporters of modernity. For example, the globalisation process drives a culture of sudden change and incorporation of a certain range of diversity within traditional and social norms and practices (Green, 2023, p. 165(3)). In this way, it has forced individuals and local communities to make a shift from their traditional daily lives and adapt to modernity from time to time. In this way, the globalisation concepts support a critical and modernised world where all types of cultural, behavioural and geographical barriers can be considered irrelevant.

Significance of Institutions

On the other hand, Anthony Giddens sees the role of instructions can accelerate the process and quality of the process of globalisation through improving the various external and internal factors from time to time. For example, globalisation java forced the instruction of governments, NGO’s, and other private detectors and companies to incorporate such policies that promote and support a sustainable environment and communities (Anderson and Obeng, 2021, p. 1149(3)). In this way, the process of globalisation has incorporated a certain level of awareness among the common citizens and regulatory bodies of countries.

Global Risks and Threats

Anthony Giddens describes the threats and challenges related to the process of Globalisation. It has often been experienced that these risks often get out of control of responsible institutions and controlling bodies (Yaya et al., 2020, p. 3(3)). For example, the lockdown period has demonstrated how these internal and external risks can quickly spread and affect a vast range of communities across the whole globe.

3. The End of Poverty

The end of poverty and the trade not aid approach in the context of globalisation is very complicated and divided by increased interconnection between multiple countries. In the modern days globalised world, two giant schools of ideas evaluate discussion on poverty-related issues and the “End Of Poverty” movements which indicates a combination of multinational support, development process and tactics and social events (Wade, 2020, p. 8(3)). On the other hand, “Trade Not Aid” highlights the promotion of free trade as the most available and efficient application for minimising poverty in recent days in the developing world. Therefore, both insights present a suitable perception into the fight against worldwide poverty but also their effectiveness is widely determined by the variation of implementations, the existing global financial infrastructure and political will. Apart from this, many critics of the End of Poverty argue that international support can often do more damage than product; however, the most renowned critique is that support can create more reliance and dependency where receptionist countries become dependent on aid flows instead of adapting and improving their own sustainable economic system (Ofori et al., 2022, p. 6(2)). The End Of Poverty has achieved encouragement by following the publication of Jeffrey Sachs influential book of The End Of Poverty in the year of 2005. On the other hand, financial possibilities for recent times in which the author Jeffrey argues with adequate financial investment and strategic intervention and extensive poverty can be eliminated within a generation. Moreover, the author recommended the accurate combination of targeted multinational support and appropriate government investment in health, education and infrastructure and a more vast system of social safety that could pull up the world’s poorest individuals out of the extensive poverty. Therefore, his strategic approach can be aligned with the United Nations Millennium Development Goals and after that the Sustainable Goals that set the determined and aspirational targets for poverty elimination within 2030.

The upholder of these rapid movements argues that poverty is a more complicated challenge that can not be resolved by market mechanisms. Most of the world’s poorest countries experienced infrastructure challenges like corrupt institutions, weak governance, insufficient structure and the levels of education and poor healthcare systems. Therefore, These types of significant challenges make it difficult for them to engage in the global economy efficiently. In this viewpoint, it is not just a temporary application but a; also needed application which helps the Nations build the capacity to sustain economic development in the futuristics world. Moreover, support programs that only pay attention to health, infrastructure and education can present the needed situations for a vast population to become more creative and productive. Additionally, as the capacity and ability of each Nation develops, therefore, they become more associated with the global market and contributing to financial growth and lifting their all-over populations out of poverty.

Criticism of the End-of-Poverty Approach

Apart from this, many critics of the End of Poverty argue that international support can often do more damage than product; however, the most renowned critique is that support can create more reliance and dependency where receptionist countries become dependent on aid flows instead of adapting and improving their own sustainable economic system (Beck et al., 2024, p. 10(1)). Moreover, aid can be confronted by various local markets by eroding local business and producers, for instance, food support, when life-saving in the short term goal can depress local agriculture costs that make it more difficult for most of the farmers in developing countries to compete. Although the efficiency of support has also often been damaged due to the poor governance and corruption in many countries therefore billions of dollars in aid can blur to mismanagement that takes them to a misallocation of resources.

The World Trade Organization (WTO) and regional trade agreements have played an impactful role in facilitating worldwide trade therefore, the reduction of trade difficulties supports developing countries to evaluate wider markets and their gaps to compete on the global stage (Claeys and Sapir, 2020, p. 7(3)). This process fosters more equitable development by making sure that substances appear through creative practices. Moreover, aid can be utilised to strengthen the capacity of evolving receptionist countries to participate in trade efficiently while trade can present long-term economic development to sustain their developing efforts.

Conclusion

The report has typically discussed the concept of globalisation and its impact on a worldwide basis. As per the view of Anthony Giden, the process of globalisation can be seen as a dynamic and rationalistic process that has the ability to have both negative and positive impacts on the socio-economic and political factors across the whole world. On the other hand, the advancement of modern digital transformation and enhanced communication processes have already fostered the process of globalisation, where individuals can easily surpass geographical barriers with the help of digital tools and platforms. The process has fostered the institutions and government regulatory bodies to take action in order to maintain certain factors such as environmental pollution and sustainable managerial activities. However, as a controversial concept, this dynamic process also has the ability to introduce a vast range of poverty, especially in developing nations.

Gantt Chart

Reference List