“When in China...”

2020 ◽  
pp. 1-6
Author(s):  
Ivonne Chirino-Klevans
Keyword(s):  
Organizational Behavior ◽  
Leadership Style ◽  
Business Environment ◽  
Global Environment ◽  
Global Business ◽  
Teaching Case ◽  
Doing Business ◽  
Business Course

Leading in a global environment requires the development of unique skills such as openness, curiosity, inquisitive mind, tolerance to ambiguity, among others. It is not enough to be willing to reach out to other cultures to be successful in a global business environment. Understanding that adjusting our leadership style according to the context is key in creating effective synergies when doing business across cultures. This teaching case is a tool to be used in the classroom as a resource for a Leadership Course, Organizational Behavior course or Global Business course.

scholarly journals Buddhism and Buddhist Business Practices

2019 ◽  
Vol 10 (2) ◽  
pp. 115
Author(s):  
Samuel L. Dunn ◽  
Joshua D. Jensen
Keyword(s):  
Business Environment ◽  
Business Practices ◽  
High Likelihood ◽  
Business Professionals ◽  
Global Business ◽  
Doing Business ◽  
Present Information ◽  
The World ◽  
Basic Understanding ◽  
History Of

The 21st century global business environment is more diverse and interconnected than ever before. As organizations continue to expand their global reach, business professionals often find themselves having to navigate challenging cultural and religious terrain, which they may not be prepared for. While it is impossible for someone to learn the intricacies of all cultures and religions throughout the world, one can seek to learn about some of the more prominent cultures and religions of the world – particularly those they have a high likelihood of engaging with at some point in his or her business career. This paper examines Buddhism, a prevalent religion throughout many parts of the world, and discusses how its culture and beliefs are manifested through Buddhist business practices. Particular focus is placed on business in Thailand, the country with the highest percentage of Buddhists. The purpose of this paper is to provide business professionals with a basic understanding of the history of Buddhism, an overview of the major beliefs of Buddhists, and to present information that will assist business professionals in successfully navigating intercultural affairs when doing business with Buddhists in Thailand or around the world.

Revitalizing the Concept of Corporate Social Responsibility with Traditional Indian Wisdom

2016 ◽  
Vol 7 (2) ◽  
Author(s):  
Karanam Nagaraja Rao ◽  
Aswathi Nair
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Environment ◽  
Global Perspective ◽  
Global Business ◽  
Ancient India ◽  
Doing Business ◽  
Rig Veda ◽  
Corporate Social

Corporations are legal entities operating within the boundaries of society. They have social responsibility both for business and moral reasons. The responsibility encompasses economic, legal, ethical and philanthropic aspects and in the context of deterritorialised global business environment, the responsibility assumes wider ramifications especially in the context of diminishing role of governments and ascending role of corporations. Corporate Social Responsibility (CSR) is now an offshoot of the realization that corporation is answerable for the consequences of its operations. Ethical way of doing business for social and economic sustainability is inherent in the thinking of seers of ancient India who proclaimed for universal peace and happiness. The essence of CSR can be traced to Rig Veda which pronounced that a person who enjoys himself being totally oblivious of society is taken over by sin. The sense of charity, sacrifice, dharmic way of doing business and the ideas of live and let live permeate throughout the literature of ancient India. The search for spiritual routes strengthens the convictions towards CSR and for preserving the planet for future generations. An attempt is made in this article to discuss the nature of CSR in the global perspective and try to search for the roots in the cultural milieu of ancient India and trying to integrate the ancient Indian spiritual thoughts for the modern arguments favoring corporate responsibility. The intention here is to strengthen the theoretical thought structure with spiritual inputs for better appreciation and promotion of CSR. The aim of the article is to get insights in to ancient wisdom for connecting spiritual linkage to the theoretical edifice of the CSR and hence the methodology is exploratory in nature aiming to understand the concepts in a better way.

scholarly journals Hinduism and Hindu Business Practices

2018 ◽  
Vol 10 (1) ◽  
pp. 33
Author(s):  
Samuel L. Dunn ◽  
Joshua D. Jensen
Keyword(s):  
Business Environment ◽  
Business Practices ◽  
High Likelihood ◽  
Business Professionals ◽  
Global Business ◽  
Doing Business ◽  
Present Information ◽  
The World ◽  
Basic Understanding ◽  
History Of

The 21st century global business environment is more diverse and interconnected than ever before. As organizations continue to expand their global reach, business professionals often find themselves having to navigate challenging cultural and religious terrain, which they may not be prepared for. While it is impossible for business professionals to learn the intricacies of all cultures and religions throughout the world, one can seek to learn about some of the more prominent cultures and religions of the world – particularly those they have a high likelihood of engaging with at some point in business. This paper examines Hinduism, a prevalent religion throughout many parts of the world, and discusses how its culture and beliefs are manifested through Hindu business practices. Particular focus is placed on business in India, the country with the largest number of Hindus. The purpose of this paper is to provide business professionals with a basic understanding of the history of Hinduism, an overview of the major beliefs of Hindus, and present information that will assist business professionals in successfully navigating intercultural affairs when doing business with Hindus in India and around the world.

scholarly journals The influence of trends in global environment development on business systems activities

2020 ◽  
Keyword(s):  
Business Strategy ◽  
Stable State ◽  
Business Environment ◽  
Comprehensive Assessment ◽  
Global Environment ◽  
Business Systems ◽  
Global Business ◽  
Business System ◽  
Environment Parameters ◽  
The Impact

Modern processes of economic development of business systems occur under the influence of the global environment, which requires constant monitoring, analysis, diagnosis and corrective action. The subject of research in the article is the development of business systems in the context of globalization. The purpose of the study is to study the impact of global development trends on business systems. To achieve this goal, the following tasks are set: to clarify the concept of "global environment"; to describe the structure of the global business environment; to determine its features; to outline the directions of diagnostics of the global environment; to characterize the factors influencing the global environment; to identify key parameters of development the global business environment; to identify trends in the global environment based on international ratings and development forecasts; to identify key factors that ensure changes in the global environment in order to form and implement strategies for business systems in the global environment. The research used methods of analysis, synthesis, comparison, systematization, generalization, system approach. The following results were obtained: it is proved that business systems operating in international markets constantly need to collect and summarize information about the global environment, comprehensive assessment of business environment parameters, identify trend changes in order to form and implement business strategy. Conclusions: identifying trends in the global environment ensures the stable state of the business system, its competitiveness, performance. The study of the impact of the global business environment on the activities of business systems allows for a comprehensive assessment, as well as to determine the priority factors of formation depending on the areas, areas of activity, types of business.

scholarly journals Impact of Domestic, Foreign, and Global Environments on International Business Decisions of Multinational Firms: A Systematic Study

2017 ◽  
pp. 93-104 ◽  
Author(s):  
P. S. Aithal
Keyword(s):  
Multinational Corporations ◽  
International Business ◽  
Multinational Firms ◽  
International Investment ◽  
Business Environment ◽  
Global Environment ◽  
Cultural Issues ◽  
Global Business ◽  
Business Decisions ◽  
The Impact

International business decisions to be taken by executive managers of multinational firms are becoming more challenging due to uncertainties in business environment which is due to fast changing and unpredictable domestic, foreign, and global environment for long term sustainability. Even though firms are cautious and take precautions while taking decisions on international investment for production and marketing, their sustainability for a long time in a given business is shaking due to continuous changes in domestic, foreign, and global business environment. This is mainly due to variations in economic conditions, political scenarios, sociocultural environment, technological breakthroughs, legal aspects and human behavioural effects on opportunities and challenges on the international business performance of multinational firms. In this paper, we have studied in brief, the various domestic, foreign, and global environmental issues which affects the multinational firm’s business decisions related to international investments and marketing. The paper also discusses the impact of the domestic environment, foreign environment, and global environment on economical, political, technological, legal, and cultural issues on investment and expansion decisions of multinational corporations in general.

scholarly journals Multi-layer agility: a proposed concept of business agility in organizational behavior perspective

2021 ◽  
Vol 4 (1) ◽  
pp. 30-41
Author(s):  
Nopriadi Saputra ◽  
Endang Chumaidah ◽  
Riza Aryanto
Keyword(s):  
Organizational Behavior ◽  
Structural Equation ◽  
Measurement Model ◽  
Business Environment ◽  
Learning Agility ◽  
Doing Business ◽  
Business Agility ◽  
Organizational Perspective ◽  
Order Construct ◽  
Best Fit

Turbulence in the business environment imposed large companies or market leaders to become more agile in doing business. Developing business agility can be implemented in many levels of business organization. This paper proposes a multi-layer perspective of business agility construct by examining construct validity through structural equation modelling. Based on organizational behavior theory, this paper proposes combining construct from three different perspectives of business agility: strategic agility from an organizational perspective, leadership agility from a group perspective, and learning agility from an individual perspective. The paper involved 477 supervisors and managers of Indonesian oil palm plantations as respondents. The data was analyzed by using Lisrel version 9.30. The result explains that the second-order construct is the best-fit construct for defining multi-layer agility as a measurement model.

Leadership in an E-Business Environment

2011 ◽  
pp. 19-37 ◽  
Author(s):  
Owen Cope ◽  
Dianne Waddell
Keyword(s):  
Change Management ◽  
Leadership Style ◽  
Broad Spectrum ◽  
Risk Taking ◽  
New Technology ◽  
Business Environment ◽  
Senior Managers ◽  
Global Business ◽  
Electronic Environment

Inevitably, the adoption of any new technology brings about change, but e-business is significantly different in that it completely shifts global business into a fast-paced electronic environment. The old notions of management are totally ineffective and a new style, focused on ‘leadership’, is required—but what style of leadership? To determine the most appropriate leadership style, senior managers from the top 250 e-commerce companies in Australia were selected and surveyed. Using a change management matrix, each manager was positioned within this framework. This model consists of a four-by-four matrix encompassing the scales of change and the styles of change management. The model covers the broad spectrum of levels of change that an organisation can go through. The authors found that within the most successful organisations, leaders had a distinctive style that facilitated the appropriate change and established a conducive e-business environment. The data highlights that qualities such as visionary, consultative, ability to listen to others opinions, inclusive, risk taking, approachable, forward thinking, open to change, committed, determined, and the ability to communicate are required in leaders to lead an e-business transition.

scholarly journals Changes in the start-ups business models

2020 ◽  
Vol 83 ◽  
pp. 01053
Author(s):  
Katarína Procházková
Keyword(s):  
Business Model ◽  
Business Models ◽  
Research Paper ◽  
Business Environment ◽  
Entry Modes ◽  
Global Business ◽  
Business Model Canvas ◽  
Doing Business ◽  
Last Stage ◽  
Start Ups

Research paper is summarizing results of project focus on business models and strategies of startups. The research was focused on identification of business models and strategies of startups. Research sample was creating from more than 70 startups at the beginning of the research and we finished research 3 years later with 53 startups. This research paper is partial output that analyze startups in global business environment in terms of doing business abroad and making strategic steps. The aim of paper is identify basic strategic steps and decision making of startups through selected indicators such as market presence and entry modes focusing on the last stage of research. Startups business model were also analyze and part of the output is mapping the shifts in business model Canvas of startups.

A blueprint for succeeding despite uncertain global markets

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Peter Zámborský
Keyword(s):  
Multinational Enterprises ◽  
Dynamic Capabilities ◽  
Academic Research ◽  
Business Environment ◽  
Global Strategy ◽  
Global Environment ◽  
Global Business ◽  
Content Type ◽  
Core Capabilities ◽  
Global Uncertainty

Purpose This paper aims to highlight the importance of developing capabilities to thrive amid global uncertainty. The study builds a framework to help managers assess uncertainty in the global business environment and develop capabilities to prosper amid uncertainty. In doing so, the paper explains three capabilities – sensing the context, driving the market and redesigning the business – providing examples to capture each capability and managerial implications. Design/methodology/approach The framework of this study is based on academic research in dynamic capabilities and the author’s scholarly study on global strategy. The paper develops managerial guidelines and illustrates those with practical examples of multinational enterprises to make the case for why managers need to develop the three core capabilities for thriving amid uncertainty to achieve competitive advantage. Findings This study identifies three core capabilities that organizations should build if they are to thrive amid global uncertainty, namely, sensing the context, driving the market and redesigning the business. The key practical guidelines to manage this process are provided, including a managerial tool with 10 steps to developing capabilities to thrive amid global uncertainty. Practical implications The framework allows for developing dynamic capabilities in a world of new uncertainties such as digital disruption and de-globalization. It offers key guidelines for the journey, thus enabling managers to steer their firms toward thriving in an uncertain global environment. Originality/value The augmented uncertainty of the global business environment presents new challenges. The value of this paper lies in the simplicity and practicality of the framework and its focus on the role of an uncertain global environment in developing dynamic capabilities.

Stands on Globalization

2021 ◽  
Vol 3 (1) ◽  
pp. 53
Author(s):  
Manuel Denner
Keyword(s):  
Cultural Differences ◽  
Intercultural Communication ◽  
Cultural Awareness ◽  
Business Environment ◽  
The Internet ◽  
Global Business ◽  
Cultural Understanding ◽  
Mass Migration ◽  
Doing Business ◽  
Political Variables

In Jason Inch’s TED talk on Future Globalization is advising that companies need to understand their consumer base in a rapidly changing global business environment. It is clear for everybody that globalization plays one role in this change; however, there are a few variables that are forming the term of globalization, such as mass migration, geopolitical orientation, the Internet and its way of easing communication. Knowledge about cultural differences is a crucial thing and even more important than it was ever before. Therefore corporations are obliged to also take economic and political variables into account if they want to target t heir respective audience. Moreover, Inch says that companies should be ensured that cultural understanding needs to be trained as well as languages, knowledge about religion, values and “most importantly” about the culinary delights in a given country. Nowadays, it is about transcreating and not about translating when it comes to doing business on an international basis. “Transcreating” is important because of the fact that we are now living in an interconnected world where only translating would not be effective, you have to make things understandable for everybody. Inch also stipulates that cultural awareness is determining success or failure in today’s world. People should build bridges by having that kind of knowledge and not being afraid and run away be cause they have a lack in intercultural communication. In my opinion, Inch is right in what he is saying; everybody nowadays needs to have intercultural knowledge to drive business forward. It is not only a good asset to have intercultural knowledge; it is a necessity to have it.

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