Governing global business Essay Example | Topics and Well Written Essays - 1750 words

Governing global business - Essay Example Contrary to the globalization critics, the embracers of globalization have suggested or reported huge reduction of poverty levels in their respective states, which has led to huge economic growth and produced the leading world economies, such as China and India. It is therefore sound to state globalization as both effective and affective, in the sense that it has led to the growth of economies and led to the interference of many lives around the globe. There has been a rapid and enormous growth in global trade since the end of World War II, in the terms of rampant international trade due to the increased interactions and relations amongst regions and states. The communication sector has seen a huge reduction and improvement in the terms of costs, which have declined intensely and improved the communication networks. The reduction in the communication costs has facilitated the relationship between nations, and thereby facilitated international trade. The growth in international trade has led to the rampant growth in the global trade, with cheaper communication through the use of the web, telephones and other mobile devices, and the outsourcing and innovation in the information and technology sector. Globalization has impacted on the trade sector of the economy, especially on the international trade that has affected direct foreign investments and the larger international capital flows. The process of high interdependence among states and their citizens, due to globalization, during the global economic downturn has proven to have negatively affected many economies that have been struggling to get back to an economic on-toe. Many state economies are affected by the poverty levels, which demand the implementation of strategic economic policies. Poverty reduction strategies must be employed in order to facilitate sustainable poverty reduction indices, which are raised by economic growth. Economic growth requires policy frameworks to be able to counter the unpredicta ble global economy. The responsibility of economic policy in the developing states or countries is rested upon the respective governments, with critical international trade relations playing vital roles in the development and sustenance of international trade, and the global trade at large. The development of the international trade mainly depends on the governments of the developing countries, the determinants of the global intellectual climate, governmental and non-governmental organizations, and individuals (Claes & Knutsen, 2011). The economic globalization has resulted from the increase in international trade, especially involving manufactured foods and other products, the increase in the international financial flow, in addition to the increase in the flow of labor (Sweeney, 2005). There has been intensively growing research on globalization and the global economy to unearth the impacts of globalization on the global economy since the end of World War II. After World War II, t here was the establishment of the international financial order to facilitate the resolution of the global trade volume and maintain a steady economic growth (Mcandrew, 2009). The occurrence of the global economic downturn due to the war, known as the Great Depression, affected global trade, with states employing

Managment in Assisted Living Facility Research Paper

Managment in Assisted Living Facility - Research Paper Example 11)†¦.. TRANSITION PARAGRAPH Park University is conducting this research work related to management that includes such topics that help the organizations to improve their productivity in better way. BODY This research paper is related to management that covers lot of topics such as: (a) diversity management, (b) ethical, social and legal responsibilities, (c) international business†¦, (XXXXX & YYYY, 2009, p. 18). Diversity Management Now a day’s Diversity management is become an important issue for managers. Usually human resource managers initiate it and department heads and supervisors try to manage it. The idea of diversity management style is to encourage employees to feel free and comfortable their work places and develop an appreciation in particular areas such as race, gender, background, sexual orientation or any other factors that may not be shared by everyone working in the same area of the company. It can be adopted in different organizational environments and can be integrated with different management styles. For example if you are promoting recognition and acceptance of diversity among employees then hostile workplace environment can be converted into welcoming environment where people feel free to communicate, share and support to each other in any task associated with job. This thing definitely helps in increasing the productivity level in an organization. Now the question is what the benefit of diversity management program is. One of the main advantages of diversity management is that it helps to encourage the development of skills and talent among employees. Employees begin to feel valued and be ready to leave their comfort zones and enhance their skills for the benefit of departmental team and company as a whole. Basically what diversity do, it acknowledges and uses these inherent differences and move towards creativity and innovation for the better performances and competitive challenges. Diversity not only focuses on how pe ople perceive themselves but also how they perceive people. This thing effects their interaction. Successful organizations recognize the need for immediate action and are ready and willing to spend resources on managing diversity in the workplace now. There are some benefits of workplace diversity are: 1- Increased adaptability 2- Broader service range 3- Variety of viewpoints 4- More effective execution Some challenges are also mentioned here according to Josh Greenberg that are: 1-Communication 2-Resistance to change 3-Implementation of diversity in the workplace policies 4-Successful Management of Diversity in the Workplace 5-Assessment of diversity in the workplace (By Josh Greenberg is President of Alpha Measure, Inc. located in Boulder, Colorado. Article Source: http://EzineArticles.com/11053) Here i can quote the example of Graham School of General Studies at the University of Chicago who designed a program for implementing