Management System of the Global Business-Samples for Students

Question: Discuss about the Management System of the Global Business Environment. Answer: Introduction The global business work environment includes the different issues and factors of the organization and management. It discusses the performance management of the organization using various factors and issues of the internal work environment. The various factors and performances of work environment include impact of work place factors on workers and productivity, decision and leadership traits, business and marketing strategy and the influence of their issues at work place (Bergh et al. 2016). Work place should be employee friendly in order to achieve maximum output, as ultimately, the employee creates profits for the organization. Performance management deals with employees performances, organizational behavior internally and externally, profit of the business, risk statement, company review in terms of financial matters. It encourages for a strong management in terms of stakeholders performances, their work conditions and output criteria, company reputation and goodwill in terms of business ethics and business marketing strategy. It also encourages for customer friendly services along with its internal benefit for their employees and the organization. employees benefit is the main purpose of performance management as employees hard work and actions determines companys output and performances. How Work Environment enhances the productivity in the workplace Several things taken in order to create a successful environment in the office, office furniture are also being one of them. The furniture in the office also helps to create productivity among the workers in the workplace (Hasle et al 2012). Other than this, the environment where the workers work needed to be quite comfortable and safe enough. According to the survey, stated that their employees feel comfort and secured having a strong culture of the engagement of the employee. It is important for the office to create open space removing the furniture which are proved to be unnecessary and also obstacles and also by creating a workplace that is smooth (Hasle et al 2012). The staffs here really matters as they get boost up on seeing the secured work environment in the office and this led them to cooperate with each other properly. From the point of view of external environment, the proper atmosphere having good quality of air and proper set up of rooms would enable the workers to concentrate on their works thoroughly (Murrell 2012). The company like Deloitte follows a proper policy for the employees to create an amicable working environment. Other than the geographical locations, the positivity of the working environment judged based on the psychology of the person and the behavior of the management team towards the particu lar person (Laihonen et al 2012). If the person feels quite satisfied with his job, the job satisfaction would increase for the workers and this lead to the productivity among the employees. Therefore, the psychological satisfaction is necessary at the same time to bring productivity in the work place (Manzoor 2012). At times, it has pointed out that the due to stress and pressure the employees are bound to perform better among the cutthroat organizations. This betterment on one hand would bring satisfaction to the employees and but also on the other hand would make the employees to feel stressed out and worry about taking such a huge risk. The psychology also here plays an important role in terms of productivity. Decision-making and leadership Decision-making includes proper understanding of the problems of the organization and creating the best solutions and decisions in order to maintain stability at work place (Laudon and Laudon 2016). A good decision includes planning, organizing, evaluating and execution of the planned decision. With the proper goal set, there must be certain available alternate viewpoints on a particular aspect. Once goal is set, well organized, then it must choose the best option available among the alternatives given. By analyzing company overall performances and with reference to present condition of the business and the market, it should choose decision wisely in order to create strength for the company. Stable and accurate decisions create strong market forces that finally create global competition with strong profits. Leadership A good leadership includes proper listening and understanding of the employees and other teammates. A good leader includes motivation spirit, team leading spirit, understanding, helping hand. A good leadership quality creates good team spirit at the work place. Thereby organization achieves profit if there is good leadership and decision-making. An organization to create standards and maximum output, then it must include efficient employees to earn good profit. Without efficiency in the work place, an organization cannot run smoothly, nor can it compete with other companies ( Kasemsap 2017).There must be the following behavioral traits of an efficient employee. Certain key behavioral traits of an efficient employee at work place are: Team work Desired target to finish the work Good Communicating skills Skilled and knowledgeable Disciplined and a good listener Punctuality Creative in Problem solving Positive thinker Confident about the assigned role Dedication and seriousness towards the work Leadership quality in team The first behavior is teamwork, doing work into teams creates less pressure of the work. In teamwork, there are chances of more work at less point in time. Teamwork creates positive impact to the organization, thus helps in building good reputation of the organization and helps in building good relation among employees (ONeill, P., Sohal, A. and Teng, C.W., 2016). Working in teams also sets deadline targets to complete the task ( Pollanen et al. 2017.) As an individual employee also, by finishing the work on time creates a good image of the employee at the work place. A good communication skill helps to solve various problems and issue at the work place. An employee should be well skilled and qualified for the required job designation, because an unskilled employee will create inefficiency in the work production which can influence in a negative way to the organization (Ridge and Ingram 2017). A good team spirit leads the entire team with supporting and caring attitude. To be an efficient employee and to build a good rapport at the organization, employee must be a good listener, punctual in the work and disciplined enough to maintain the professionalism. In case, if any problem arises, there must be some creative solutions to execute in order to solve the problem. The most important above all is to be a positive thinker as it leads to success (Rothenberg, Hull and Tang 2017). Good education qualification and correct job designation creates confidence and interest among the employees. There will be seriousness and dedication enough towards the job. Therefore, these are the certain key behaviors of an efficient employee. A good leadership and stable decision includes proper healthy communication with its subordinates in the organization. A good communication skill creates more production and friendly atmosphere at the work place. For an effective communication, there are few points to fulfill for the good communication skills (Van, Doore and Van de Walle 2016). They are verbal and non-verbal. Non-verbal communication includes way of communication includes body languages of an individual. Verbal is face-to-face communication. Effective communication includes listening, accuracy and clarity, friendly interaction, open minded, discipline and understanding nature. Effective listening to the issues can help to understand the issue with more clearly. One need a clear understanding of the problem then there should be a friendly and comfortable communication. This creates positive effect in the financial performances as well as in the environment. When business performance is strong financially and environmentally then it creates more output and productivity that in turn creates more competition for the expansion in global markets. Successful organization practices the performance management in order to create a strong growth globally. According to few authors, employees performance depends on employees motivation and dedication towards their work. Good facilities and friendly work environment create employee satisfactions. Therefore, an organization performance is totally dependant on employees and stakeholders. On addition to this, it also depends on leadership and proper managing of desired roles and activities of employees, staffs and other stakeholders. When an employee gets proper facilities and incentives, they tend to do their work with more interest, passion and dedication. A good leader, healthy work atmosphere and with proper and good decision management will boost the organization performances and standards thereby creates ne opportunities and trends in terms of global business. Performance management deals with overall performance of the organization in terms of quantity, quality, service, workers performance, work environment, business strategy and marketing. It includes standard quality goods and materials for production and output level. With the use of modern technology for better production of goods and services, it will create growth in the business profit and efficiency in standard. Conclusion The report provides in detailed information about the performance management of the business Company. It discusses various issues and factors that occur in an organization. It deals with the analysis of the overall business performances using various internal factors of the business environment. With good management of the performances and the functions of the organization, it creates efficiency in the production unit and greater output for the company. When company performs, well it creates global competition leading to new opportunities and investments. By providing good work ethics with employee friendly work environment, it creates motivation and more production at work place. This creates efficiency and more opportunities for the business domestically and globally. References Bergh, D.D., Aguinis, H., Heavey, C., Ketchen, D.J., Boyd, B.K., Su, P., Lau, C.L. and Joo, H., 2016. Using meta?analytic structural equation modeling to advance strategic management research: Guidelines and an empirical illustration via the strategic leadership?performance relationship.Strategic Management Journal,37(3), pp.477-497. Kasemsap, K., 2017. 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