Personal Reflection
Throughout the module Global Perspectives in Business, I found this class exceptionally motivating and informative, and I personally believe that I have gained a vast understanding of the concept of Global Perspectives in Business. I attained knowledge about developed and undeveloped countries and their cultures within the business environment. I have recognized that my knowledge of Global Perspectives in Business has remarkably augmented by attending the lectures. I realized that the worldwide practice of businesses has become very complex due to the effect of globalization. In addition, this class helped me identify and implement macro-environment analytical tools for analyzing the global business environment. I was able to understand the ideas of PESTLE (Political, Environmental, Social, Technological, Legal, Environmental) analysis, and the class has helped me apply the tool in this assignment.
The lecturer presented the concepts of globalization which I figured will bring risks to businesses due to impacts from the factors that occur. The lectures helped me identify that globalization can create challenges for international businesses. However, I have discovered that change can be beneficial in bringing new opportunities for business expansion in the global environment. Aside from this, globalization also poses threats to the new and existing enterprises on the market. I found this particularly interesting as it opens up the global economy and increases in trade between nations.
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Global perspectives in business have also helped me identify the impact of globalization on societies, governments, and corporate organizations. This lecture helped me gain an insight into how important the issue of culture is to the business environment, which surprised me as I didn’t think it was such a threat. Globalization threats may include issues related to cultural diversification e.g. lifestyle, religion, and cultural events, as well as security issues. As any business can join any market, it has been concluded, that genuine market research can help people who work in International Businesses to expand their horizons successfully. From the multi-cultural concepts addressed, I figured that all present cultures play a significant part in the business environment as well as legal governments around the globe.
I have also built an understanding of ethical issues involved in the global business environment, and how certain behaviors and morals will impact the overall achievement of the business. I found it interesting that businesses with ethical standards (e.g. ones that take an environmentally green initiative), will continuously attract and retain numerous high-quality employees, customers, suppliers, and investors while generating more profit in the long term.
The feedback I have gained through lectures and from my tutor will help me better understand different global perspectives in business, as it has educated me to stay open to different viewpoints. I was provided feedback to use more real-world business examples e.g. case studies, which has allowed me to better understand the content of the course and different perspectives of business. I specifically researched Ted Talk videos on business presentations, such as: how ‘Capitalism will eat democracy’, ‘Globalism isn’t declining - it’s transforming’, and ‘How diversity makes teams more innovative’. The feedback I was supplied, has permitted me to use real business-related examples when backing up course content and facts, to ensure it is more sufficient and understanding. Incorporating real-world examples into business content has been useful, as it increased my engagement with the lesson and helped me gain valuable insight into the skills I was being taught.
During the module, we formed a team of five in order to create a movie on the cultural differences in different countries. Our teams were allocated based on diversity, which helped the development of ideas as there were cultural differences among the individuals. Our group consisted of three people with British backgrounds, and two with Asian heritage, which allowed us to explore different cultures and perspectives on how individuals go about their day-to-day life.
In the group work, I felt myself relying on the others to progress through the project, as certain members of the team would not participate or communicate as well to meet up. I presented great leadership and group-work skills as I encouraged teamwork and cooperation, organized most meetings, booked study rooms to host the meetings in, shared views and ideas, hosted research, and helped create and edit the final presentation.
While collaborating in a team, we discovered some obstacles e.g. not everyone cooperating, some members didn’t have certain software to be compatible with communication, time management wasn’t accomplished very well, and there were many disagreements. We were able to overcome these obstacles and cross-cultural barriers by identifying and working through them efficiently. I was able to recognize and acknowledge early signs of differences in communication and expectations, which allowed me to define tasks and make decisions in order for us to complete the project.
Our Group used different methods to communicate with each other, including voice calls, the smartphone application WhatsApp, e-mail, Facebook group chat, Canvas, and text messages. These methods were successful as they helped us create and finalize the presentation at times when we weren’t all present as a group.
Throughout this module, I have enjoyed working with people who are culturally different and developed an ability to stay open and embrace diversity. Being culturally aware has permitted me to develop a willingness to learn seek new experiences globally, and make new friends. I made a conscious decision to establish friendships with individuals in my group who were all culturally different. Some friendships were more difficult to build than others due to our cultural differences, so, I had to be patient and persistent. I felt myself reaching out and using my initiative more than I am used to, which created trust in the other member's relationships towards me. I have learned that building relationships with people who are culturally diverse, allows me to appreciate society and gain an understanding of what business perspectives it can hold through cultural, legal, and corporate environments. Building on cross-cultural relationships will be a development I can proceed with through the rest of my University studies, as it will allow me to grow as a person professionally, and drive my creativity and innovation.
This module has benefitted me, as it has enhanced my interpersonal skills and given me a broader perspective on teamwork with cross-cultural people. Staying aware of cross-cultural differences by monitoring our behaviors, attitudes, and biases, all ties in with effective team working. I also used skills throughout, to ensure communication was consistent and that I worked effectively with members from different cultures. I can therefore broaden these skills within my University life, remembering that cross-cultural teamwork is not about reducing people’s differences, but it is about making the most of the added value that a diverse team can offer. This will ensure I can effectively work within a team and with a global mindset.
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