Professional Documents
Culture Documents
Table of Contents
Introduction.................................................................................................................... 2
1.1
1.2
1.3
2.1
2.2
3.1
3.2
3.3
3.4
4.1
4.2
References................................................................................................................... 13
Introduction
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Most private sector organization are non-profit and are owned by the local government
and the employees.
Different companies uses different process like manufacturing, production, distribution
and marketing of organization are different on the basis of industry. Lets take an example
of Ford which is an auto manufacturing company. This company might focus on its
production process while on the other hand, Lindum group will focus on the services
which they provide to the people in the form of construction.
Context is the mode of organizational operations and its structure consisting of not only
the culture of the organization but also the values of the organization. According to
Cappelli and Sherer the surroundings associated with phenomena which help to
illuminate that [sic] phenomena, typically factors associated with units of analysis above
those expressly under investigation. This differ from company to company. One
organizations strategy, tactics and process of operations are different from another even
in the same industry.
1.2
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Customers
Customers are the boss, hence it is the main focus for the business. If the company wants
to extend its business outside the home country then the company has to take care of the
customers needs and wants. Lindum group need to understand the customers needs and
therefore they should show consistency and fairness in their work to give the customers
better experience. In order to create loyal customers, then the company must deliver
quality products and services.
Community
Community is consist of the companys customers but still it is different and is a separate
stakeholder. Community include different groups like local chambers, service club, social
clubs etc. The company should attained different meetings and conferences conducted for
the welfare of the community because it is the part of the global society. The company
should also take part in donation and charitable works to support the community, it will
help the company to enhance the goodwill of the organization globally.
Suppliers
Working globally, the suppliers also change. There will be new suppliers which provide
different products for the company. Thus the organization must keep a good relationship
with their suppliers through honesty and fairness. This will reduce the company cost and
will speed up the growth of the company in new countries.
Environmental Responsibilities
There are several organization particularly the assembling association which need to
confront diverse ecological issues. Different types of gasses are produce and lethal
squanders which hurt the ecosystem of the earth. Similarly the waste which come out of
the company due their production lines expands the contamination in air, water and land.
Thus its the association obligation to avoid these things. Along with this different types
of organization works for the welfare of the environment and the earth.
Law
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While the company start its operations globally then there are certain different laws of the
host country. Thus the company must have detail of each rule and regulation. The
company has to abide by all of the acts and laws of the host country.
1.3
way.
The market mix should be according to the global market rules and regulations.
The production and distribution system must be launched globally.
PESTEL analysis must be in mind of the organization while making strategies for the
global market. The mission system which give message to the people about the
organization goals should focus on the global rather than on a local market.
The global strategy consists of a global marketing plan which includes different factors
like the organization marketing mix, its production process, distribution plans etc. For
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instance, Emirates Airlines followed a strategy that the global accept and now Emirates is
a strong brand throughout the world.
2.1
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Price level of commodities is also consider as one of the most important factor because
an increase in the price level of the commodities will lead to the increase in cost of raw
materials, increase in production cost, transportation cost and other fixed and variable
cost. The profit of the organization will decrease and the economy of the country will
suffer.
There are various other factors like trade cycles, inflation, recession etc. which influence
the organization and as well as the national economy of the country.
2.2
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The government of UK has also made local policy for different regions that faces
different problems like illiteracy, high unemployment rate and other social issues.
Education and Training Policy
In order to make the employees more advanced for better output, the government of UK
plays outstanding role to support not only the education but also train them.
Taxation Policy
By paying taxes the business contribute a major portion to the economy of the country. In
response, the government built airports, roads etc. which helps business for further
growth and advancement.
3.1
There are diverse suppliers and customers in global market. Hence it is important for
every business to not only provide new products and as well as innovative commodities
which meet both the needs and wants of the customers. The high the quality of the
products and services the more attractive it will be for the customers. Similarly in the
developing countries most of the organization thinks the cost leadership strategy is
feasible.
Its the economic, political, social and other competitive forces which compel the
industry to move into globalization and start its operation in different parts of the world.
(Bartlett and Ghoshal. 1989; Kobrin 1991; Morrison and Roth, 1992). Similarly
managing and control of business operations across borders are referred as global
integration which is mandatory, rather than discretionary because of the competitiveness
of business. Following are few aspects of global integration
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3.2
3.3
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Every country has effects on other country in any case and any situation either its a war,
its a tragedy like Brexit, its recession etc. Many countries which were connected for
trade were effected due to the financial crises of Euro in 2009. When the economy is
uncertain of the country it may lead the business in success or it can cause failure. This
uncertainty can affect the business and organization in too many ways. People are aware
of every single product of the company with the help of internet and social media which
is manufactured in any part of the world. Everyone is aware of the apple new model of
IPhone. Thus we can say that a universal standard exit for each and every product
nowadays which lead the business in great competition and its hard to survive the
business without improvement in standards. The risk which is associated with the
business is also increasing. Thus we can say that the business can only survive in todays
world if the company or business bring innovative and unique products to the market to
better satisfy the needs and wants of the customers. For instance, Apple has grabbed the
market share with the help of unique and innovative products which not only satisfy the
needs and wants of the customers but also give new features to make the life easier.
3.4
There are many programs available in the market which helps the
business to get easy the life. Mechanical advancement is driven by the globalization. Due
to advancements in information and communication technology the worldwide
environment is experiencing extraordinary changes.
The nature and environment of the business is changed by Information technology like
the internet contributed a lot in the development of business. Similarly CSR, ERSP and etrade are other IT technologies which has improved the business in todays world.
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Technology has bring innovation and uniqueness in the products and services. Social
media is widely used by the business to promote their products and services.
Following are few important points which explain how ICT has facilitate the
globalization
1. Advanced
2.
3.
4.
5.
Information
and
Communication
Technology
speedup
the
globalization.
The process of doing business globally get simplified by the ICT.
Every business which operate globally is effected by the ICT.
The process of doing business globally is reduced by this.
The old traditional economic system is changed by ICT.
According to Flew ICT plays a major role to make the global economy faster. It has
created a new global economy based on information, globalization, and networking.
4.1
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United Kingdom government has built strategies which are beneficial for the businesses
like multicultural trading method, deduction in Tax Rate, Closing down illegal business
and any hurdle which occur for the global business. Because of the strict laws and
regulation like anti-bribery legislation keeps the business environment clean.
4.2
References
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Armstrong, Gary & Kotler, Philip (2005) Marketing: An Introduction Upper Saddle
River, N.J. Prentice Hall, 7. Edition
Bhagwati, Jagdish (2004), In Defense of Globalization, New York: Oxford University
Press.
Birkenshaw, J. and Hood, N. (2000) Characteristics of foreign subsidiaries in industry
clusters, Journal of International Business Studies 31(1): 141154.
Dibb, Sally and Simkin, Lyndon (1996) The market segmentation workbook: Target
marketing for marketing managers Routledge, London
Dicken, P. (2007). Global Shift. London: SAGE Publications
Global Compact Learning Forum (2004), From Principles to Practice, United Nations,
New York.
Gordon, K. (1999), Rules for the Global Economy: Synergies between Voluntary and
Binding Approaches, Organisation for Economic Cooperation and Development (OECD),
Paris.
Helliwell, John F. (2000), Balanced growth: the scope for national policies in a global
economy, in M. Richardson (ed.), Globalization and International Trade Liberalization:
Continuity and Change. Cheltenham: Edward Elgar, pp. 46-62.
Kotler, Philip & Keller, Kevin Lane (2009) Marketing Management Pearson Education
International, 13. Edition
Lasserre, P. (2007). Global Strategic Management. Basingstoke: Palgrave MacMillan
Ruggie, J. G. (2004b), The Global Compact: An Extraordinary Journey, in: C. Fussler, A.
Cramer and S. van der Vegt (eds.) (2004): Raising the Bar. Creating Value with the
United Nations Global Compact, Greenleaf Publications, Sheffield, pp. 15-17.
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Schutter, O., Lebessis, N. and J. Paterson (eds.) (2001), Governance in the European
Union, EUR-OP, Luxembourg.
World Commission on the Social Dimension of Globalization (2004), A Fair
Globalization.
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