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Globalization Essay

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Below is an essay on "Globalization" from Anti Essays, your source for research papers, essays, and term paper examples.

Globalization, Technology, and innovation all are reasons why management is constantly demanding change in order to keep up with the times. Wal-Mart is a top business and a prime example of a company that effectively uses the four functions of management. According to Britt D (2010), globalization brings opportunity to a broader market, but at the same time, promotes more competitors that will require a superior level of competence for any organization that will take advantage of it. When Wal-Mart planed to take the advantage of globalization and inter the Indian market place its management functions to work. They study the Indian market size and trends, change their strategy, designated the responsible persons to run that site, how that person will run the site and even the way a person will be controlling the site to ensure the company goals have been meet. With globalization Wal-Mart has been able to work in many foreign territories and increase its profits.
Technology is constantly changing and staying ahead of things is becoming harder to do with each new day. Wal-Mart is successfully keeping up or possibly passing other competitors with the decisions they make on how to keep up. In 2001 Wal-Mart decided to renovate its technology by changing all of its mainframes and storage products to IBM. In doing so it is keeping its own technology ahead of the curve. It is decisions like choosing to change over all of the older technology to newer technology that allows Wal-Mart to keep up with all of the consumer demands. There are a lot more people shopping on line, which means it is necessary for them to the necessary technology that will allow them to keep up or stay ahead

Diversity plays a major role in the four functions of management at Wal-Mart, and in present time leads to ethnical diversity. Diversity in general, accedes to the company the opportunity to put together the brightest and diverse minds. Different people allow different opinions and ideas...

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"Globalization". Anti Essays. 16 Dec. 2018

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Globalization. Anti Essays. Retrieved December 16, 2018, from the World Wide Web: http://snehaedu.com/free-essays/Globalization-63852.html