SANDHEA - 20200261

LEARNING LOG 1

TITLE: Assessing the Environment (chapter 1)

Answer:
From my understanding based on chapter 1 of International Management, globalisation
plays a crucial role in which the nations are becoming more interconnected causing the trade
barriers to dissolve. International Management is a process of developing strategies,
designing and operating systems as well as working with people around the world to ensure
sustained competitive advantage. In short, International Management pays a particular role
and attention to a specific constraints of the company’s strategy based on the history,
culture, leadership and many other more to process the management. In this chapter 1, I am
able to understand what is globalisation, challenges of globalisation, effects of globalisation
on corporations, political risk, managing political risk, terrorism risk, categories of economic
risks, legal environment, regulatory issues, technological environment and global E-
business. Globalisation can be described as the emergence of a level playing field due to the
decreasing of differences in regional output growth rates, inscreased economic activity and
other non-economic factors.
There are various effects of globalisation and those are globalisation on corporation, human
capitals and technology. It is understandable that these globalisation are very crucial. Next
as an example of globalisation could be McDonald’s franchise all around the world. This is
where the managers plays a important role in managing the company and workloads
therefore the global managers role model in the slides provides a clear understanding.
Furthermore, is the political and economic environment. Political risks are such as terrorism,
discrimination and many other more whereas economic risk is in terms of financial and
monetary. Adding on, the laws of each countries that plays a crucial role in running a
business. With this I am able to understand chapter 1.