Impact of International Business on Stakeholders Assignment Sample

Assignment

Impact of International Business on stakeholders

Type of Documents No of Words

: Assignment : 900

Disclaimer: This is a sample document prepared by globalassignmenthelp.com and has

been submitted on turnitin. To order the similar paper please contact at:

Email: [email protected]

Phone: (UK) +44 203 3555 345

Website: www.globalassignmenthelp.com

mailto:[email protected]

http://www.globalassignmenthelp.com/

This is a sample document owned by www.globalassignmenthelp.com

Impact of International

Business on stakeholders

Email: [email protected], Phone: (UK) +44 203 3555 345





The economic conditions all around the world have been changed and modernizations

have occurred in business environment over the past few years. The rapid developments in

technologies have been observed with and as the economy of the entire world is getting

globalized and incorporation processes have been developed, the level of competition at at

international level has increased tremendously. The need for novel international business strategy

is increasing everyday as strategy plays a crucial role in the global economy (Adekola and Sergi,

2007). International business operations guides in development of an organization with ample

amount of reach and many of the multi -national corporations involved in this business have

achieved a gigantic position at global level.

International business strategy refers to various business activities that include two or

more nations. With the rapid development of globalization many of the global business have

focused on joint venture and mergers and have developed swiftly. One of the most dramatic and

important trends in world economy in the past several years have faced sustainable amount of

growth in international business and the market has become exactly global for many of the

products and services (Ataei and et.al., 2010). International business involves any kind of

business activity that moves ahead from national borders and is involved in business operations

with various nations even if the actual management is situated in a single nation.

In actual sense international business includes the broadest and the most distinguished

attribute of international organizations is the many of the companies operate in an environment

which is extremely uncertain and are inclined towards rapid change. The main objective of an

international business is to enhance the sales level as in organization is operating in domestic as

well as in other foreign market. Those who cannot adapt changes with the global forces in

present time period or later is having relevance to survival and those organizations that adapt it

with the changes occurring due to globalization further proceeds to modify global opportunities

into different strategies that makes its strong and consistently deal with the several threats from

the external environment more efficiently.

An international business operation is focused to acquire resources from other nations

and reduce the competitive risk (Pangarkar, 2011). With the help of international business

strategy an organization can increase its socio economic welfare and is also widens the market

for an organization with increase in demand for the goods and services in several nations.






For complete project contact

Call now : +44 203 3555 345

Email Address : [email protected]






It has been found that international business operations provides the opportunity to various

domestic firms and these opportunities mainly includes development of product or service,

management expertise, technological development and market intelligence. An organization who

undertakes decision for international operations has to go through a very wide and long view

prior to make any investment decisions (Tallman, 2008).

A stakeholder is a person or a group of institutions whose interests might get impacted as

a consequence of what the other organization is doing. When a company intends to extend its

business beyond the national boundaries different stakeholder groups will definitely get affected.

The most important stakeholders of a company are its internal and external customers. When a

company decides to operate on a global business platform, it has to make some necessary

changes in its organizational structure. All operational levels witness expansion and highly

strategic decisions need to be taken (Ataei and et.al., 2010).

International stakeholder management brings in more complexities to the regional

stakeholder management as more people having diverse, generally conflicting interests across

normative, cultural and geographical boundaries are added. The impact of globalization on

stakeholder is that their interest are accordingly influenced also by the net effect on similar set of

factors instead of being just subject to local conditions and trends. Ownership of the company is

still in the homeland. The company also has its original consumer base in its native land. These

customers are still in the position of exerting substantial influence even if the significance of the

local market has reduced (Tallman, 2008).

When a company moves to global markets, it is exposed to the international forces of

supply, demand, global competition, demographic changes and so on. The interest of the

stakeholders also gets affected accordingly by the net influence of the same factors rather than

being simply subject to the regional trends and situations. This case is applicable to all the

stakeholder groups i.e. suppliers, investors, employees, customers, politicians and so on. Those

who fail to adapt to the international forces sooner or later tend to lose their significance and

struggle for their survival. Every stakeholder group has some sort of importance and influence on

the organization. Those stakeholders who make adjustment with the changes continue to upkeep

their relevance for the organization (Pangarkar, 2011).






References

Adekola, A., and Sergi, S. B., 2007. Global Business Management: A Cross-Cultural Perspective. Ashgate Publishing, Ltd.

Ataei, V., and et.al., 2010. Organizational culture and innovation culture: exploring the relationships between constructs. Journal of Enterprise Management, 12(6), pp.410-415.

Pangarkar, N., 2011. Location in Internationalization Strategy: Determinants and Consequences. Journal of Management, 17(3), pp.37-68.

Tallman, B. S., 2008. A New Generation in International Strategic Management. Edward Elgar Publishing.





Impact of International Business on Stakeholders Assignment Sample

Business

Transcript of Impact of International Business on Stakeholders Assignment Sample