The paper "Global Business Environment" is an outstanding example of a business essay. The global business environment is the environment occupied by the various countries that have exogenous factors to the home environment of a given organization. These factors and surroundings are responsible for making decisions about the business on how to allocate and use the available resources. There are both internal and external environments (Collings, Scullion, & Morley, 2007). The external environments influence the progress of the business and include; technological environments, tax, legal, cultural, economic, regulatory, political and social environments.
The business has been made easier across the globe by globalization since it has made the world smaller. There are advantages associated with globalization which includes: generation of wealth, many countries are able to get wealth from interaction with the developed countries and also by getting raw materials for their industries. Jobs have been created where people are even able to work even outside their motherlands. Goods availability, through trade, countries are able to exchange goods and services. More business opportunities have been created globally by experiencing more challenges in the global business environment (Need, 2006).
International management which involves the application of the techniques and the concepts of management in the international environment is, therefore, crucial in the business. It is set in order to overcome the international challenges. In the global market, business thrives in a competitive environment. Managers of the various businesses, therefore, should be keen in that investors, suppliers, locations, business partners and business locations can be anywhere in the world (Zikmund, Babin, & Griffin, 2013). Businesses that will be more successful will be in a position to secure opportunities whenever they arise, and successful business managers are also prepared for any downfall that may occur in the business.
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