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2 pages/≈550 words
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Style:
MLA
Subject:
Management
Type:
Speech Presentation
Language:
English (U.S.)
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MS Word
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Topic:

Impacts of Globalization

Speech Presentation Instructions:

As you learned in your reading, globalization is complicated. While it creates new opportunities for businesses and workers, it can also hurt local economies, exploit workers, and threaten the environment.
Watch the following video for a crash course on how globalization and free trade affect people living in extreme poverty throughout the world.

https://www(dot)youtube(dot)com/watch?v=9MpVjxxpExM&feature=emb_title
1. What responsibility do businesses have to developing economies, workers, and the environment when they choose to pursue global strategies? Do you think corporations like Apple, which has a well-developed global supply chain, have done enough to manage the potential negative effects of their globalized operations?
2. When businesses enter global markets, what do you think the role of managers should be in minimizing harm to foreign workers and the environment? Address the planning, organizing, leading, and controlling functions in your response.
3. As mentioned in the video, the US produces an annual “List of Goods Produced by Child Labor or Forced Labor.” (Links to an external site.) How effective do you think this is in raising awareness about working conditions in other countries? Do you think pressure from officials, the media, and the public is the best way to prevent companies from doing business with countries that violate international labor standards, or do you think other methods would be more effective?
Get organized, write it out. Think about the topic and how it applies to the concepts in the chapter and throughout the book. The more you can apply the material, the better you will

Speech Presentation Sample Content Preview:
Impacts of Globalization
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Impacts of globalization
Globalization facilitates the interconnection of businesses, with many demands to managers to understand the cultural differences and how they translate to business transactions. However, the new opportunities and increased profits through broader access to resources are detrimental to people and environments in developing economies. The negative impacts of globalization include exploiting young children through forced labor and massive environmental pollution (Karataş 2016). Globalization's political implications are the weak protection laws that global corporations take advantage of, thus not observing required safety standards in developing countries. The consolidation of business operations in companies negatively impacts small businesses, further damaging the local economy.
Global companies have the responsibility to promote and improve developing economies through their business operations. Creating demand for products entails understanding market needs, thus generating profits vital for economic growth (Santiago et al. 2020). Developing an economy entails funding the public sector through taxation in a market-based system. The business has ethical responsibilities to its employees, including facilitating a safe and healthy working environment. Global companies are also responsible for recruiting and hiring qualified staff, thus providing employment enhance living standards. Corporate social responsibilities (CSR) involve incorporating environmental issues in business operations to mitigate pollution and degradation, thus improving efficiency. Managing and protecting the natural environment is a voluntary activity that global corporations engage in to minimize financial costs and evert environmental impacts (Jonasson et al., 2018). Apple Company is a worldwide enterprise that fosters social responsibilities through activities like using environmentally responsible manufacturing processes and treating employees with respect by facilitating safe working conditions.
Understanding the cultural differences is the key for managers to run business operations in developing economies successfully. Leadership necessitates an understanding of the management functions for the achievement of the company's objectives and goals. Planning facilitates future orientation through an analysis of potential risks. Mangers can preserve cultural tradition or be more flexible in planning through considerations that the future is uncertain and address...
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