Implications of globalization in managing family and small businesses
Every business with a connection to the Internet now has access to the global market. This is the biggest impact leading the world to global village.
Globalization has led to remote working where you do not need staff physically at the workplace working.
As globalization increases, more and more businesses enter the market hence increased competition around the world.
Globalization has enhanced Business Equalization. Travelling the world has become less expensive hence huge effect on small businesses due to the explosion of the travel & tourism industry.
Characteristics of global business administrators and managers
Experience- A great way to gain experience in a management role is to volunteer, either within your field or not. Try help manage and produce events.
Communication- An effective manager should be able to communicate with the team effectively. This involves listening to your team and working with them to produce results within their jurisdiction and responsibilities.
Knowledge- Experience and good knowledge of a discipline is always an added advantage. There are many different degrees courses offered for managers, including a bachelor’s degree or a master’s degree in business, leadership or project management.
Organization-You need to be organized in your position, so as you be able to manage the employees. You can plan yourself using an app on your phone that can remind you of meetings, tasks you need to complete every day, etc.
Time Management- time management is a key factor in being a successful manager. Time management is important when it comes to prioritizing and planning your day and always making sure you have time to communicate with your employees, and accomplishing goals within the stipulated timeline.
Reliability- leading a team needs a manager who is reliable. Always available for his employees, getting things done.