How has the rise in global organizations put pressure on organizations? Name at least three of the five major challenges for managers that are discussed in the text.

Question

What will be an ideal response?

Answer 1

Managers and other employees throughout an organization must perform at higher and higher levels because the world has been changing more rapidly than ever before. The five competitive challenges that students may address are: building a competitive advantage, maintaining ethical standards, managing a diverse workforce, utilizing new information systems and technologies, and practicing global crisis management. In the last 20 years, rivalry between organizations competing domestically (in the same country) and globally (in countries abroad) has increased dramatically. The rise of global organizations, organizations that operate and compete in more than one country, has pressured many organizations to identify better ways to use their resources and improve their performance. Today managers who make no attempt to learn from and adapt to changes in the global environment find themselves reacting rather than innovating, and their organizations often become uncompetitive and fail.