Therefore this research will be focusing on analyzing the impact of both forward and backward integration on business performance and sustainability. Globalisation can be defined as the process that assists organisations and businesses to spread their operations and influence on an international scale to increase their profit levels. In the recent times, the concept of globalization has been expanded to include a broader range of activities and areas such as biological , political , social , cultural , technological , climate and media factors , even though initially it primarily focused on the economies , capital flows , foreign direct investment and trade.
Dealing with the impact of change is of critical importance. Strategic change management helps managers to deal with change both from the perspective of the individual and an organisation.
An important aspect of this concept is the organisational tools that can help to achieve successful transitions to adopt change. Furthermore, business organisations can effectively and quickly implement change to changing market requirements as part of the strategic change management process. International Human Resource Management, Human Resource Management or HRM is a system that is designed to improve the employee performance in business and non-profit organisations.
The HRM function primarily focuses on the policies developed to ensure efficient management of people within organisations. Various activities such as training and development, skills enhancement, employee recruitment, motivational programmes, bonuses and rewards systems, and performance appraisal are performed by the HR departments to help businesses increase their work output.
It should be noted that information technology resources of an organisation are usually managed in accordance with the priorities, policies and requirements. Physical investments including the staff, data centre facilities, networks, data storage data bases, software, and computer hardware are some examples of information technology resources that are required to be managed within a company using simple management skills such as organizing and controlling, change management, and budgeting.
Business leaders are the management staff that provides operational oversights, inspiration and other administrative services.
It is the duty of business leaders to help prioritise organisational objectives and corporate vision for other members of the team. International business can be defined as the transactions that occur across country borders as a result of trade. For example, if a UK based company sells its products in another country, the process is called international business.
It should be noted that all commercial transactions including transportations, logistics, investments, sales, governmental and private that take place a result of trade between two different regions are the elements of International Business. The concept of corporate social responsibility has gained tremendous importance in the recent times, thanks to growing social and environmental concerns that need to be integrated in business operations.
CSR allows business organisations to achieve a balance of social, environmental and economic obligations, and also address the needs of stakeholders and shareholders. Implementing CSR amongst small and medium sized enterprises can prove to be an extremely daunting task primarily because it will require strategies which take into consideration the respective capabilities and needs of these businesses but do not negatively affect their profitability.
Organisational behaviour can be defined as the way individuals interact within larger groups in order to create more efficient businesses. The theories of organisational behaviour can help to achieve maximum output from individual members of a team. For detailed information on how to structure a business dissertation, kindly click on the link below: How to Structure a Dissertation.
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