Impact of Globalisation on Management
Impact of Globalisation on Management
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Module Description
Globalisation is a modern term which indicates the process of interaction, collaboration and integration among people, governments, and organisations worldwide. The nature of Globalization has changed through the recent past and we can observe an evolution accelerated by Industrial Revolutions which has accelerated since the 18th century due to advances in transportation and communication technology. This increase in global interactions due to the huge advancement in technology has caused a growth in international trade and the proliferation of business concepts, culture, and styles.
Although Globalization indicates a process of interaction and integration that is associated with social and cultural aspects, it also encompasses modern aspects such as diplomacy and disputes.
Due to increased Cultural sensitivity, the world is becoming increasingly interconnected to allow for, as well as a result in, massively increased trade and cultural exchange. Since Management is a “historically and socially constructed institution” (Boddewyn et al., 2004, p. 205), researchers should be abreast of the way in which a universal approach to ‘management’ may present challenges related to the different ways in which management leaders from different countries may perceive problems and situations at the international level.
One important part of departure for this module is the definition of international management and the influence of large markets such as China. One of the major concerns today is the need to understand the risks of Universal Management and the implications on trans-national corporations (TNCs).
There is an ever-increasing need for academic researchers to challenge the universal approach to ‘management’ as that construed in the U.S. and its assumed subsequent automatic conversion into what we recognise today as ‘international management’ and to introduce more eclectic perspectives and insights. (Boddewyn, 1999; Martinez & Toyne, 2000). There is also the need for doctoral researchers to foster interdisciplinary developments with international political economy (IPE), as a sub-domain of international relations (IR), to take seriously the argument that “IM is, or should be, the most eclectic of all” fields (Contractor, 2000, p. 7).
Module / Unit Instruction
This unit will be taught through a blended approach with: · Face-to-face sessions: 30h · Online Learning Activities: 20h.
Face to Face sessions
Face-to-face sessions may include lectures, tutorials, discussions, presentations, and workshop activities promoting peer-to-peer learning.
Online Learning Activities
Online learning activities incorporate tutorials and asynchronous discussions. These may consist of active interaction, participation, and contributions in fora discussions, sharing resources and self-reflection exercises. Learners also contribute to the building of the community of practice by providing feedback to their peers as critical friends, enhancing the learner’s critical engagement throughout the study period.
The tutor provides continual support during both teaching and learning modes by providing information, readings, and tasks relevant to the module in question. The tutor provides continuous feedback as guidance during the student’s learning experience.
Target Audience
Academically qualified practitioners in business or other related fields who seek innovation through applied research and wish/need to be formally educated to achieve their objective.
How you’ll be assessed
This unit will be assessed through an assignment. Students will be expected to choose from a range of topics and engage in a research project.
Possible projects could focus on a) an analysis of international business opportunities; b) Recommend possible solutions and strategies to combat contemporary major business, political and social concerns triggered by Globalisation.
Students will also be expected to present their work to peers.
Assessment
Students would be expected to achieve 50% of the marks to pass the unit. Marks shall be assigned as follows: Project 80% Presentation 20%
Library and online search engines to access peer-reviewed/scholarly papers are necessary to complete this assignment
Learning Outcomes
Competences:
At the end of the unit the learner will have acquired the responsibility and autonomy to:
- Distinguish the difference between globalisation of markets in domestic and multinational companies (MNCs) and basic theories, concepts and assumptions in global economics and international business management.
- . Compare studies to evaluate local and global business scenarios outlining the primary contextual variances and differences in challenges.
- Analyse globalisation impacts upon a variety of management functions e.g. human resource management, marketing and supply chain management.
- Design effective strategic business decisions cognizant of cultural, political, and economic difference internationally.
- Critisize of the basic paradigm of profit maximizing behaviour by MNCs.
- Evaluate international perspectives which inform professional standards and ethical practice in international management.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
1. Distinguish the difference between globalisation of markets in domestic and multinational companies (MNCs) and basic theories, concepts, and assumptions in global economics and international business management.
- Define and Understand Globalisation.
- The cultural, political, economic, and technological drivers of Globalisation.
- Globalisation: Opportunities and Challenges.
- The implications of Globalisation.
- An introduction to basic concepts in global economics and international business.
- The Global Trade Environment.
2. Compare studies studies to evaluate local against global business scenarios outlining the primary contextual variances and differences in challenges.
- Explore Globalisation and Different Approaches.
- National Differences in Political Economy: Politics, Laws and Economics.
- Culture Differences and International Management.
Competing and Managing in a Globalizing World:
- International Business Strategy and Organization.
- Market Entry Decisions.
- Managing Corporate Social Responsibility Globally.
3. Analyse globalisation impacts upon a variety of management functions e.g. human resource management, marketing and supply chain management. Understand the impact of Globalisation.
- The impact of Globalisation on Management functions
- Globalisation Impact on Human Resources.
- Globalisation Impact on Marketing.
- Globalisation Impact on Supply Chain Management.
- Examine Management Functions in an International Context.
- Managing Human Resources Globally.
- International Supply Chain Management.
- International Marketing Management.
- Finance Management.
- Strategic Management.
4. Design effective strategic business decisions cognizant of cultural, political, and economic difference internationally.
- Examine Business Strategy and Globalisation.
- Design effective business strategies.
- Discuss strategic business decisions which consider international cultural, political and economic differences.
5. Critisize the basic paradigm of profit maximizing behaviour by MNCs.
- Understand MNCs (Multinational companies)
- Critique the basic paradigms of profit maximizing behaviour by multinational companies (MNCs) through various perspectives.
6. Evaluate the essential international perspectives which inform professional standards and ethical practice in international management.
- Examine globalisation discussions to interfaces of Strategy with corporate social responsibility.
Skills:
At the end of the module/unit the learner will be able to:
- Outline and define the challenges and opportunities presented by the globalisation of markets and production for managers.
- Differentiate between globalisation of markets in domestic and multinational companies (MNCs)
- Compare and contrast the cultural, political, economic, and technological drivers of Globalisation.
- Argue the contemporary implications of Globalisation.
- Analyse business concepts of global economics and international business.
- Critically analyse the ways in which globalisation impacts upon major management functions:
- Human Resource Management.
- Marketing.
- Supply Chain Management.
- Finance.
- Strategic Management.
7. Design effective strategic business decisions cognizant of cultural, political and economic difference internationally.
8. Critically analyse the basic paradigms of profit maximizing behaviour by MNCs. 9. Understand Globalisation strategizing through corporate social responsibility.
Module-Specific Learner Skills
At the end of the module/unit the learner will be able to:
- Analyse business policy documents Plan business strategy.
Module-Specific Digital Skills and Competences
At the end of the module/unit, the learner will be able to:
- Use research engines effectively to access policy documents.
- Use IT applications to analyse and plan business strategy