The paper "Globalization Effects on Leadership, Changing Global Market Factors" is a great example of management coursework. Globalization has had a share of great implications across the globe and nations. In this case, it has affected and implicated on the ways individuals relate with each other, nations interact, the business conducts their operations as well as on how nations and businesses are led. This is especially based on the fundamental changes in structures and operational basis that increased globalization has caused across the world market. One of the most distinct and visible implications of globalization is the emergence of multinational organisations.
Traditionally, as Pendse and Choubey (2006) stated, organisations served in their traditional domestic markets often within a limited geographical area or region. As such, challenges in communication transfer, transportation, and cultural diversities made expansion into global regions a difficult and impossible ordeal for many business ventures. However, with increased globalization, this phenomenon changed. Today, as evidenced by a series of emerging and growing multinational organisations, geographical or cultural differences no longer hinder business development. However, this growth has caused a drastic change in leadership approaches applied by organizational managers across the globe.
This essay develops an analysis of these leadership styles and approaches changes in the light of increased globalization and multinational ventures expansion. Changing Global Market Factors The global market is changing. In this regard, in order to evaluate aspects and areas through which globalization is changing, Bensoussan and Fleisher (2013) recommended the adoption of the STEEP (Social, technological, economic, environmental, and political) analysis on the global market. In this regard, the arguments stated that these five areas represent the major pillars of globalization and their nature and extent of change serve as ideal globalization spread and influence metric across the globe.
Therefore, this analysis evaluates how globalization has changed these macroeconomic factors on multinational organizations.
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