Business Organisations in a Global Context
1. Introduction
This study aims to develop the concern regarding the analysis of the recent global business context. It can help to understand the various processes that are highly required to process the business activities in a proper way with the help of several approaches. This present study is going to analyses the various approaches in the context of global business operations. Besides that, this study is evaluating the possible impact of the external factors that are present in the global business organization including the impact of globalization. It can help by acknowledging all the possible internal as well as internal factors that create a large impact on the growth of current international business operations in the UK.
2.Analysis of differences in global business operations
Key differences
In the recent global business era, the entire globe is dependent on the unique business strategies that help to raise business growth. As argued by Andreoni et al. (2017), the structure, as well as size, are not the same as the different business organizations in the UK. Based on the recent promotion due to the great violence of consumer demand, the business texture is stabilized accordingly. Besides that, the employee rate also varied in the different business platforms in the area of UK-based business organizations. For example, Tesco has promoted higher substitutes than other small business services. As cited by Bhati and Borde (2021), it is marked as a great remark to differentiate the brand according to their deliverable products as well as the structure and size of the organization. Therefore, the actual brand image is dependent on promoting a good as well as standard deliverable products at a low cost as the majority of the international consumers are purchasing all these listed products from the brand in the UK.
The demand of consumers is high as it greatly establishes its core business index all over the globe. Based on the differentiation of individual business contexts such as retail, automotive, and the electronics industry, they provide different services to international consumers. As argued by Bozutti and Esposto (2019), the different choices of products and services, as well as goods like foods & beverages, daily essential households, and electronics tools, are creating a segmentation on the business platform. The highly promoted business organizations in the UK take a great image through delivering the best usable products to the consumers that generate reliable as well as effective uses by the demandable consumers.
Different sectors
The UK business platform has operated more than three different kinds of business sectors that are greatly involved to deliver the best range of products and services among international consumers. As mentioned by Cesaroni et al. (2017), Unilever is marked as the great private sector as it delivers the best range of goods and products to valuable consumers all over the globe at a low cost. Besides that, it has presented some other kinds of the private sector such as hospitality, finance as well as manufacturing companies in the UK. For example, JCB has maintained a great heritage as it is under the private family organization in the UK. In order to raise a huge amount of economic profit from the UK market as well as operating another country’s profit.
Global context
The context of the local business moderately sells reliable products as well as goods including best service to the various consumers as it limited its own region as well as its own geographical area. Therefore, the ultimate profit margin structure is emerging limited as the consumers are associated with only the local business in the UK. Besides that, this specific kind of local business is potentially smaller than the national and the global business operation. As cited by Damanpour et al. (2018), the national business sells the service and goods through the UK. Besides that, the international business greatly expanded its overall business operation to the entire globe to raise the highest economic profit.
Organizational responsibilities
The shareholder effectively owns the reliable shares of the organization in the UK on the other hand, the stakeholder is a form of member regarding the group of the business operation. As suggested by De Massis et al. (2018), it has largely created a great interest in the structure of the business company in the UK for several reasons. Besides that, the stock performance, as well as its moderate effect, is usually an input of strong violence on the international business platform. In order for the valuable employees to take an advanced role to serve all the potential demand to stabilize the entire business growth more prominently. In contrast, business ethics are highly associated with their reliable stakeholders are they are usually thought of normatively as resources in the context of maintaining the ethical duties of an organization.
Organizational strategies
The recent business segmentation of the international organization is largely associated with the high context of online marketing through using strong technological support. As suggested by Fernandez and Aman (2018), digital marketing is an advanced platform to promote its recent business structure as Unilever has used the digital marketing strategy to stabilize the transparent communication and marketing modes. In order to achieve a huge range of marketing and economic profit by delivering the best products to all the customers.
Education, as well as healthcare sectors, are under the public sector as they moderately provide a great range of education systems that urgently need to engage with systematic education systems. Besides that, the consumer plays an essential role to raise the product demand by increasing the ultimate rate of economic profit. For example, HSBC Holdings has earned more than £81.20 billion in the year 2019, through managing the strong consumer demand. As mentioned by Filipova (2018), some of the companies are moderately involved in the segmentation of joint venture policy to promote the international partnering policy. Foreign direct investment is the remarkable strategy used by top-rated business organizations in the UK to reliable export as well as import process during the direct entry model into another country.
3. Evaluate the impact of external factors on global business organizations
UK economy
The UK economy has played a major role to stabilise the growth of global business organizations that have recently faced several kinds of moderate compilation. As opined by Gold and Heikkurinen (2018), borrowing cost, investing amount as well as consumer buying process helps to stabilize the current business operation more strongly. Besides that, the taxation creates a negative impact to enlarge the profit margin in a defective way.
Benefits and Challenges
The UK has been marked as the 3rd largest technological country all over the globe therefore, the majority of the businesses are highly impacted by the great technological strength. As opined by Mangla et al. (2020), it has been delivered through implementing smart as well as advanced technological construction such as artificial intelligence in the business operation. Some of the potential challenges are enabled through the poor handling of the advanced technological setup as it increases the higher chances of the market slowing down the economic profit. As argued by Naskar (2020), due to shifting the working regulation in a remote work process for Covid-19, the technological setup is alternate in a modern context. Therefore, the communication and information are passed through the uses of online social media platforms reliably despite the presence of global trade the economic burden has been generalized.
Due to the sudden breakdown of pandemic disease for Covid-19, the entire global financial markets have faced numerous difficulties to process a reliable business operation. As cited by Pereira et al. (2020), nearly 21.7% of economic breakdown has been generalized for these potential issues. Besides that, in this recent global context, it has been noticed that the business has adopted several complications that raise the competition at the highest pick. Besides that, the social support of the UK population has maintained the demand through enhancing the buying power. The UK population is from a strong educational background. The majority of the organizations in the UK have maintained the ultimate convergence in the taste of consumers.
The majority of the top-rated UK-based organizations maintain the cultural heritage through maintaining the historical background during establishing the business empire. As suggested by Ramsay (2020), the UK government has taken a remarkable part to enhance the current international business in the UK. Due to decreasing the trade barriers and strong technological standards, the business has got a chance to earn huge profit. In order for intellectual property rights to create high violence to work accordingly as the regulation format is comparatively higher than another country. Besides that, the alternation of privatization is another chance to create a great platform in the area of the international business market.
Government policies
Expansionary policy, the neutral policy as well as contractionary policy are under a fiscal policy that is placed by the UK government. As cited by Sivarajah et al. (2020), it is contributing to the slower economic recovery that is hampered by Brexit and Covid-19. Therefore, the chances of earning profit are alternatively slow as well as the logistics and cost emergence in the UK is comparatively lower than in other countries. It can help to bring more value to the growth of the heritage company overlap in the generation of the international business market. Double-dip recession is generated by fiscal policy and competition policy helps prevent a higher concentration of economic power.
4. Impact of globalization on the internal operations of business organizations
Global integration
Transnational corporations are adopting a great role in the context of the ongoing globalization princess. As suggested by Smith et al. (2018), the remarkable strategies moderately determine the nature as well as the trade flows of the business segmentation in the UK. Besides that, the financial flows and the process of foreign direct investment strategies are associated with the determinant themselves rather more complex.
International trade
Trading blocs and international trade create an open source to the new markets as it exposes several countries to services and goods unavailable in the domestic economies. Companies, franchises, partnerships as well as sole traders are marked as the core types of the business organization that is present in the recent private actors in the UK. The firm of sole trader acts as the most common context in the business ownership. As suggested by Tajudeen et al. (2018), it helps to address the wide range of several business activities. According to the present business data of the UK, this country is nearly operating more than 20 sole traders in the area of the construction industry. Due to increasing the number of different kinds of critical health emergencies, healthcare organizations are greatly involved to provide the best range of health deliverable outcomes.
Impact
The remote workforce is creating several impacts on the growth of recent business in the UK as the majority of the business are not specialized with this new changing business scenario. Besides that, the ICT technologies are creating a major force in the electronics industries in the UK although the other sectors are faced with several complications through using this technological service in their core business operation. As suggested by Teck et al. (2018), the recent global scenario is developing day by day with the context of rapidly changing context. Raising globalization is potentially imposing major challenges on the growth of a business that is willing to operate overseas. As discussed by Pereira et al. (2020), it is an easy communicable platform to continue the business deliverance as well as connect with international consumers at a low cost. In order to overcome the negative impact of Covid-19, the majority of the business is adopting the inline communication source through a switch with social networking, email, and skype
Different approaches to leadership, management, and decision making in global organizations
Leadership have presented three major approaches as contingency approach, behavioural approach, as well as traits, approaches. As argued by Wales et al. (2019), all these reliable approaches are creating the excellence standard through inspiring the sharing vision. It is placed through experiments as well as taking multiple risks for creating a standard improvement.
The critical management approach of ASDA is certified through the decision theory approach. As suggested by Willcocks et al. (2017), it has focused on the process of decision making. Besides that, few organizations have maintained the rules of contingency approach as it helps for using the various methods for the scope of different circumstances. Unilever has followed the problem-solving approach under decision making although there are some other potential decision-making approaches presented. Problem seeking as well as avoiding the different kinds of decision-making approach as the value of these are comparatively lower than problem-solving approaches in the UK-based organization.
5. Reviewing current issues that impact business activities
Review
The recent business in the UK is largely impacted by facing several issues that can create a large impact to stabilize the business platform in the context of an international business platform. All the potential issues are associated with the domestic market, global business market, trade blocs, government policies as well as global and domestic policies. As opined by Willcocks et al. (2017), trading blocs are moderately a group of several countries in the specific region as it manages as well as promotes the trade activities. Due to the outbreak of Brexit, the entire UK business market rarely faces several challenges as they do not transparently proceed the business activities with another country.
The current international market largely poses the amount of several issues as well as uncertainties. As opined by Pereira et al. (2020), due to the national markets, the recent context of the global market is effectively dynamic, challenging as well as uncertain. Besides that, different countries are adopting various tastes as well as the needs of global consumers are adaptively different from each other. The UK government has introduced a unique business policy. The structure of policies potentially generated a large impact on the business activities as it acts as the moderate barrier to reach the highest economic profitability.
A decision to leave the European Union was taken by the UK in the year 2016 on June 23. The market of the UK faced very uncertain difficulties in the business scenario but was able to overcome those (Ramanathan et al. 2017). The UK is still the critical market for US investments and American traders. Some challenges impact the UK market which is discussed below.
- Brexit- Outcomes of Brexit were uncertain which marked the exit of Britain from the European Union in the year 2019 (Ramanathan et al. 2017).
- Starting a business- Business in the UK is easy to start but it takes around 13 days to complete all the administrations dealing with HMRC (Her Majesty Revenue and Customs).
Strategies
Resourcing in the UK is known for its sharp skills in resource trading and business practices. However, the decrease in economy from resourcing was seen during the Brexit vote of 2019 which led them to leave the European Union in the year 2019. Getting Electricity through Power Networks in the UK provides the power source to the emerging businesses but takes a time of 100 days to complete all the procedures (Whittle et al. 2017). The financial sector of the UK helps the startups and small businesses to flourish. Huge help from them needs to be utilized by the businesses to gain high profits in a short interval of time.
Completion of tax obligations requires 110 hours per year to get completed which provides a great setback to the UK businesses. Strong treaties and obligations in the UK market of business provide investors advantage of profits (Bloom et al. 2018). This is the main reason for investors to come back again and again to the UK businesses. Property registration in the UK business is an arduous activity that is confirmed by the World Bank.
Issues affecting business activities
Brexit outcomes were uncertain which marked the exit of Britain from the European Union in the year 2019. Starting a business in the UK is easy to start but it takes around 13 days to complete all the administrations dealing with HMRC (Her Majesty Revenue and Customs). Getting power supply to start a business in the UK environment is a very risky task (Whittle et al. 2017). The time taken to provide power supply by the Power Network is 100 days which is a long time for a business to establish. A company in the UK named BP (British Petroleum) earned a 5.6-billion-dollar profit last year but was unable to pay tax credits which was a huge amount of 134 billion dollars. Royal mail earned a profit of 1.4 billion dollars but paid more to the tax executives (Bloom et al. 2018). BP and Centrex tax received refunds of tax which ranged from 10 million dollars in the last year (Bloom et al. 2018). Meadow hall shopping mall received a 6 million of tax in the year 2020 which was a huge setback in the business markets of the UK.
6. Conclusion
The entire study effectively concludes several kinds of business approaches that are essential to stabilize the current business growth of the global business. Besides that, the study is possibly analysing several impacts that are present in the sector of international business. Due to the presence of international trade, global integration, their potential impact as well as various kinds of approaches including leadership, management, the international business operation is effectively impacted. Besides that, some of the potential kinds of issues moderately harm the girth of current business operations of the international business. The global business operation is largely impacted by some potential external factors such as the UK economy, political factors, government policies as well as social factors. All these effective factors are discussed in this present study. This present study is effectively reviewing recent issues as it impacts on the business activities of different specified countries.
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