Globalization Influence on Big Companies Management Research Paper

Globalization Influence on Big Companies Management - Research Paper Example However, latter 20th-century managers have faced some new challenges coming along with age of information, and particularly, globalization. Nowadays, globalization has influenced big company’s management on levels of organization and administration making specific impacts and bringing certain ramifications in managers’ work. On a field of economy and business, for big companies, globalization is â€Å"a process of interaction and integration† among companies from different countries around the world, a process, which is â€Å"driven by international trade and investment† (Globalization101, 2015). Globalization reasons most of the innovations and renewals, which world companies come through because under the conditions of globalization business competition increases omnidirectionally. Globalization also â€Å"forces† companies to interact, and be open to the world market because national economies of world countries (especially, developed ones) are deeply involved in process of globalization too. Thus, in the world market all the internal companies’ organizations, as well as companies’ business-to-business partnerships, are in need to be reorganized according to general modern tendencies (Globalization101, 2015). The case is that along with the modernization, big companies face the new sort of dependency. Earlier â€Å"dependency† implied a kind of business relationships when peripheral economic areas were subdued to core national economic where big companies usually came from. â€Å"With globalizing tendencies taking over†, a current situation is changing â€Å"from dependence on interdependence† (Zafarullah and Huque, 2012). Subdual is replaced by cooperation. National economic development starts to matter less for big companies because they are organized according to regionalization tendency (Zafarullah and Huque, 2012).