Global business issue that will impact the company.
You have been asked by the CEO of your company to analyze a global business issue that will impact the company. Choose one of the below global business issues and provide 1.) background information of the issue, 2.) analyze the pros (opportunities) and cons (risks) of the issue, and 3.) provide a recommended course of action due to the issue. The paper will be in the form of a report that you will provide to the CEO that will educate, inform, analyze, and provide some recommendations for the CEO to consider.
Sample Solution
One global business issue that has had a significant impact on companies across the world is economic globalization. Economic globalization refers to the process of integrating economies through increased international trade, foreign direct investment, and capital flows (Banyte & Valatkiene 2019). In recent years, this trend has drastically reshaped the way businesses operate and interact with other entities by allowing them to widen their reach into new markets while taking advantage of various cost-saving benefits associated with production efficiency such as leveraging resources from different countries (Hou et al., 2020).
The pros or opportunities of economic globalization include access to a larger customer base which can potentially result in higher sales volume as well as increased profits for businesses (Luguetti et al., 2014). Additionally, economic integration also facilitates knowledge sharing between countries thus promoting technological innovation which can lead to improved productivity and better quality products/services at lower costs (Munroe-Jenkins & Lang 2015). Moreover, greater interconnectivity between nations allows firms to source raw materials from abroad more cheaply compared to domestic suppliers thus reducing overhead expenses(Verhoog 2018).
However, despite these potential benefits there are also certain risks associated with economic globalization. For instance, firms must be aware of any potential regulatory changes imposed by foreign governments that could potentially disrupt operations or raise labor costs(Cushman & Coggins 2016) . Additionally, misalignment in cultural differences and expectations among partners can lead to communication issues resulting in misunderstandings or misinterpretations which may have negative ramifications on business partnerships if not addressed promptly (Gauvin et al., 2017). Finally, reliance on overseas manufacturers increases vulnerability due to geopolitical uncertainties such as rising tariffs or military conflicts in those regions (Dutta et al.,2020 ).
pace Transition Theory concludes seven key postulates, (1) person, with repressed criminal behaviour (in the physical space) have a propensity to commit a crime in cyberspace which they would not commit in physical space, due to their status and position. Due to Rosica being an ex-cop restricted him committing a behaviour in physical space, as he had to maintain his status and position of being an ex-cop. (2) Identity flexibility, dissociative anonymity and the lack of deterrence factor in the cyberspace provides offenders with the choice to commit cybercrime. Rosica had the accessibility to create a fake online identity in which he did (Katy Jones), this was the identity flexibility factor. This meant that his real identity was hidden/anonymous (dissociative anonymity). And he also knew there is no certainty of punishment, especially with an unknown identity (lack of deterrence). (3) Criminal behaviour of offenders in cyberspace is likely to be imported into physical space, vice versa. Information was not given about Roscia’s physical stalking but he was charged five years for this being one of the reasons. (4) Intermittent ventures of offenders into the cyberspace and the dynamic spatiotemporal nature of cyberspace provide the chance to escape. Roscia knows that in cyberspace there is no continuous risk in getting caught, as the changing of space and time can contribute to the offenders’ escape. (5) (a) strangers are likely to unite together in cyberspace to commit a crime in the physical space and (b) associates of physical space are likely to unite to commit a crime in cyberspace. This claim does not apply to this case study, as Roscia was the only offender involved. (6) Persons from closed society are more likely to commit crimes in cyberspace than persons from open society. The fact that Roscia was an ex-cop meaning that he could have continued living in a closed society as being so used to it from his job; this theory can relate to the reasoning behind his offence. (7) The conflict of Norms and Values of Physical Space with the Norms and Values of cyberspace may lead to cybercrimes. The last key point is an overall statement of most online crimes.
There are five key postulates in ‘liquid modernity’ which are based on interactions online, four of which relate to this current study.
(1) A lack of morality, in this case, Rosica’s stalking behaviour is morally wrong.
(2) To promote instantaneous gratification, in order for Rosica to continue the harassment of his ex-girlfriend and several others suggest that he was receiving some pleasure from it, hence why his repetitive behaviour continued.