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Global Business Management Insights

The document discusses the importance of understanding both the external and internal environments in management, particularly in a global context. It highlights the significance of legal, economic, and cultural factors that influence business operations across different countries. Additionally, it contrasts the classical view of social responsibility, which prioritizes profit maximization, with the socioeconomic view that emphasizes survival as the primary concern of a company.

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8 views17 pages

Global Business Management Insights

The document discusses the importance of understanding both the external and internal environments in management, particularly in a global context. It highlights the significance of legal, economic, and cultural factors that influence business operations across different countries. Additionally, it contrasts the classical view of social responsibility, which prioritizes profit maximization, with the socioeconomic view that emphasizes survival as the primary concern of a company.

Uploaded by

rifatraju2002
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Management and Society:

The External and internal


Environment, Social
Responsibility and Ethics.

Sirajis Sadik
Chapter Chapter
Robbins
6, Page 7, Page
-
131 144
MANAGING in
a Global
Environment
• The Political/Legal Environment
• Managers need to know the laws
in the various countries in which
their organization operates and
stay on top of legal changes. For
instance, managers working for
global businesses contend with a
growing and changing tide of
employment legislation that cuts
across national boundaries.
Forces
and
factors in
global
environm
ent
• A specific type of strategic alliance in
which the partners agree to form a
Joint separate, independent organization for
Venture some business purpose
• Directly investing in a foreign country by
Foreign setting up a separate and independent
production facility or office
Subsidiary
A global manager must be aware of economic
issues when doing business in other countries.
First, it’s important to understand a country’s type
of economic system. The two major types are a
freemarket economy and a planned economy.
The Free Market Economy
Economic • An economic system in which resources are
primarily owned and controlled by the private
Environment sector
Planned Economy
• An economic system in which economic
decisions are planned by a central government
The Cultural Environment
• As we described in the previous chapter, organizations have
different cultures. But so, too, do countries. National culture
includes the values and attitudes shared by individuals from a
specific country that shape their behaviour and their beliefs
about what is important.20 National culture is steeped in a
country’s history, and it’s based on a society’s social traditions,
political and economic philosophy, and legal system.
Classical view of social responsibility
The view that management’s only social
responsibility is to maximize profits
Socioeconomic view of social
WHAT Is Social responsibility
Responsibility? once noted that “maximizing profits is a
company’s second priority, not its first. The
first is ensuring its survival.”

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