Management Development

Globalisation presents challenges for management development

Introduction

After world war II, international situation turned into stable, most major countries can develop their economy securely. In the recent decades of years, along with the development of technology is the deepen of globalisation . communication between different people located in different place become more fast. The rise of multinational corporations marks the growing up of globalization as well as the conflict escalation of culture and religion between different nations. The emerging of globalization makes firms’ management strategies based on home nation’s resources and culture don’t work efficient like before. Therefore, globalization presents a lot more challenges for business organizations, especially for the management development of multinational corporations. For thumbs like coca-cola, wal-mart and P&G etc. , a lot new ideas about management development is a must to deal with problems emerges from different countries and districts. This essay will discuss the pros and cons of globalization bring to firms’ management development and will try to give a critical examination of the existing theories and models. Furthermore, a solution will be provided.

Main body

1.A critical examination of the notion of globalisation as the defining paradigm of business and of its implications for MD.

Although human interaction over long distance exist since old acient times, like the silk road between asian, Africa and Europe appears more than two thousand years ago. But modern globalisation grew after world war II in true sense. And the multinantional corporation give a proof of it.

1.1 a critical understanding of the notion of globalisation

In a brief word, Globalization is the process that communication is no longer inside a nation but around the world, no longer in one aspect of life but immerse into world views, products, ideas, and other aspects of culture. In particular, advances...