Management in a Globailsed world Assignment Example | Topics and Well Written Essays - 1250 words - 4

Management in a Globailsed world - Assignment Example This paper seeks to address some questions on globalization as listed below: Globalization entails activities that assist countries and societies to broaden and deepen thus increasing their interdependence around the world. Broadening and deepening is the establishment of links and using them to increase the regularity and intensity of the communications, transactions, relationships and general interactions among the involved societies and states (Cohn, 2011). Globalization has led to developments in management and other significant sectors in the corporate world as companies come up with excellent strategies to overcome the competition and as a way of keeping up with the trends. The vast growth in international market relates with developments in areas such as communication and transportation technologies that are the key facilitators of the strategic links between the participating states and MNCs. However, globalization’s impact varies in the different countries and in most cases; it threatens the domestic autonomy causing issues among the local economies. Upon entry into the international market, countries take up new roles and responsibilities, which do not restrict them from making policy choices. The policy choices are the determinants of states and societies’ experiences of globalization i.e. unity and cooperation or fragmentation and conflict. A good example is the case of Multinational Corporations (MNCs), companies that distribute goods and services across borders with an aim of spreading ideas and controlling assets in more than one state. They play a significant role in globalization and most people argue that they make the greater part of it. MNCs mostly practice Foreign Direct Investments (FDI): this way they are able to manage rights and control economic transactions in different states. Today, there is no certain way to predict global markets because of promptly altering