Thursday, October 17, 2019

Global Organizational Environment Article Example | Topics and Well Written Essays - 2500 words

Global Organizational Environment - Article Example This is a reflective essay which summarises my learning experience gained through the entire model describing each of the sessions undertaken by me all through the course. One aspect has been chosen in each of the sessions’ and an academic journal has been selected which helped me to have a further detailed knowledge about the topics covered in each of the sessions. Session 1: Organizational form and purpose The first session of the module was meant to have an understanding about the various types of business concerns operating in different parts of the world and how they are governed. This session was a great learning experience for me that helped me to have a wide knowledge about different types of organisations, their primary motives or purposes, the concepts of corporate governance and stakeholders and the various ethical issues concerned with the business activities followed by the organizations. The concept of corporate governance and the problems related to the agency t heory was an interesting topic discussed in this session. Agency theory is one of the corporate governance theories which have marked significant importance in the recent years. Jensen and Meckling (1976) are commonly associated with the term agency theory as found in most of the existing literature. The journal named â€Å"A Survey of Corporate Governance† by Shleifer and Vishny (1997) helped me to know more about the issues related to corporate governance systems followed by different business organisations worldwide. It also helped to have knowledge about the concept of ownership concentration found in business concerns. Enron can be cited as one of the many examples related to an organisation which restored to unethical accounting practices because of the existing agency problems associated with the company. It is recorded as one of the major accounting scandals which have ultimately led to the downfall of Enron (Arnold, & Lange, 2004). Session 2: Transnational business a nd its role in contemporary society This session was aimed at having knowledge about the various roles played by transnational companies (TNCs) and how they have contributed to global trade. This session helped me to learn about the impacts of TNCs on the global trading environment, different types of internationalisation strategies followed by organisations, costs and benefits associated with free trade mechanism, and role of General Agreement on Tariffs and Trade (GATT) and World Trade Organisation (WTO). Different types of internationalisation strategies followed by TNCs and other global organisations were of particular interest to me. Internationalisation is a process which is followed by organisations to expand their business outside their national boundaries and it can be achieved through various strategies followed by different firms. The journal named "Internationalization strategies for services" by Gronroos (1999) speaks about five types of internationalisation strategies that are followed by service organisations with their motives to establish their business abroad. Those internationalisat

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