Question

Respond to the three postings below it should be at least 100 words each in length and dig deeper into the concepts that are shared. Please do not simply agree or disagree. Ask questions and add new knowledge to the conversation.

2055- Bryce

What role does management play in the success of a global enterprise?

Management plays an important role in the success of a global enterprise. Management provides strategic planning, communication, talent management, as well as risk management. Managers must work in different cultural and legal systems which requires specialized knowledge and skills. The managers must develop a global strategy that is in alignment with the organization's mission and goals. Talent management is also extremely important in a global enterprise, as managers must attract, develop, and retain employees who possess the necessary skills and understanding of different cultures. Risk management is also a big part of what global managers must be able to assess across different locations and markets. This will ensure the long-term success of the organization as a whole.

Answer 1

In a global enterprise, management is key in strategic planning, handling cultural differences, talent management, and risk management, which affect the organization's success in the international market. Managers must also be responsive to global trends such as trade policies and sustainable development. Effective manager-employee relationships are paramount for the individuals' career growth and the global operation's health.

Step-by-step explanation:

The role of management in the success of a global enterprise is multifaceted and involves strategic decision-making, communication skills, cultural competence, and risk assessment. An effective manager in a global context must develop and implement strategies that align with the organization's mission and global market demands while considering different cultural and legal systems. This involves coordinating a global workforce, which necessitates strong skills in talent management to attract, develop, and retain individuals who are adept at working across various cultures.

Risk management is equally crucial, as it involves assessing potential risks in different locations and markets, ensuring stable and sustainable business operations worldwide. The January 2023 meeting at the World Economic Forum highlighted the need for ease of access across borders for businesses, linking climate, trade, and sustainable development, which are all factors global management must consider.

Understanding the larger context of a manager's responsibilities and the impact of their decisions on the workforce and the global economy is essential. Managers in multinational corporations hold significant influence and moral obligations towards their employees and play an integral role in the global economy. Therefore, employees must prioritize a positive relationship with their managers to foster career growth and job satisfaction.