Global Structure for Business Environment

Question: Discuss about the Global Structure for Business Environment. Answer: 1. In the contemporary business environment, globalization exposes firms to new opportunities. Firms are going global in large numbers; however, only a few of them get sustained competitive advantage of going global. This failure is because many companies cannot respond to the local market.[1] The existing design falls short of meeting the expectations and needs of local consumers. For a commodity to be successful, it has to consider the people being solicited and ensure that the commodity is accountable for the domestic market. A Multinational Corporation must, therefore, ensure that the firm has a leadership which represents the domestic market and permit then certain levels of freedom to accomplish their needs.[2] 2. The inefficiency of the structure of my firm would make me suggest restructuring as an international manager and when I see conflicts among the units. I will also advocate restricting in the case of poor communication.[3] Also, my firm will be restructured in the event of duplication of responsibilities among several employees. As a global manager, I would ensure that I keep a close eye on the financials of the company as well as evaluate the foreign affiliates.[4] Also, as an international manager, I would ensure that I consider the market I am monitoring as well as ensure that data given is comparable data. 3. A transnational organization describes a commercial enterprise that operates substantial facilities and undertakes businesses in more than a single nation and consider no single country as its national home. The primary advantage of the transnational organization is its ability to uphold substantial degree of responsibilities to the domestic markets where its facilities are maintained. The transnational organization is also capable of pursuing global efficiency, knowledge development, global perspective exploitation and national responsiveness concurrently.[5] The significant demerits facing the transnational organization is the increasing complexity that is probably to disrupt the achievements of coordination and integration at several levels. Transnational organizations face extreme challenges to balance the different functional, stakeholders of the product as well as geographical needs. Sometimes the ambiguity and conflict may result from the command structure of these organizations. I would feel humbled and satisfying to work in the transnational organization by being the driver of change in my organization to address the issues attached to its complexities. I would take the frontline and advocate for the adoption of the other emerging structures such as virtual and modular to meet the problems with coordination and integration.[6] This will help me be a tool of change as the organization will have the opportunity by exploiting its corresponding skills as well as properties to accomplish shared strategic goals. References Boudreau, Marie-Claude, Karen D. Loch, Daniel Robey, and Detmar Straud. "Going global: Using information technology to advance the competitiveness of the virtual transnational organization." The Academy of Management Executive 12, no. 4 (1998): 120-128. Fletcher, Denise. "Learning to think global and act local: experiences from the small business sector." Education+ Training 42, no. 4/5 (2000): 211-220. Hupfeld III, Stanley F. "Restructuring and organization: management's role in defining organizational culture." Frontiers of health services management 13, no. 4 (1997): 40. Raisinghani, Mike. "Transnational Organization." Reference for Business (2015). Tjosvold, Dean. "Cooperation and competition in restructuring an organization." Canadian Journal of Administrative Sciences/Revue Canadienne des Sciences de l'Administration 7, no. 2 (1990): 48-54. Vignali, Claudio. "McDonald's:think global, act local-the marketing mix." British Food Journal 103, no. 2 (2001): 97-111.