Global management is the ability of a company to function from any part of its country, and have access throughout the world, through the establishment of branches in those other places. The world has been shrunk with the innovation of telecommunication. Likewise, global management has become more suitable for today’s fast paced life.
Introduction on What is Global Management
Global management deals with handling of people who belong to different culture, region and languages. Marketing strategies have to modified based on the above. Global management techniques help in developing such skills.
Outsourcing is a kind of global management that has been taking place for a long time. People in different parts of the world, are employed to do a particular work that belongs to some other region of the world. To efficiently handle such work people must be aware of the culture, language, and life of others. Global management plays a vital role in preparing employees for such situation.
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Role of Multinational Companies in Global management:
Multinational companies:- The name itself suggests that the companies are run in more than one country. These are some of the fine examples to talk about global management.
Multinational companies have branches in several countries and they promise products and goods as equal as the ones manufactured in their own country. To ensure this, they have to train their employees about the global management so that they meet the required
quality in the job specified. For example, KFC [Kentucky fried chicken] has its branches in so many countries, and they provide the similar quality and services in all those countries. Those who wish to work for these should be able to learn and know the standards of the company in its original place. Global management helps in teaching these standards.
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Global management and job opportunity
In conclusion, global management has become the need of the hour as it caters to the needs of the people of the world. One can undergo training and become better global managers thereby increasing their scope of getting a right job in the global market.
Since the market is very large, it has the potential to provide work to large number of people, by governing them from their own country.
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