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B207 Block 2 sessions 1 (SESSION 1 (1.3 Localising the global context…
B207 Block 2 sessions 1
SESSION 2
SESSION 1
1.1 Importance of context
CONTEXT
important
people & commuinities
make sens of what's ahppening aroudn them (make sense of what others say and do)
effective decision making
understanding the operating environment
geographic
economic
political
cultural
effect on operations
innovation
shaping
organisation's general aims and daily operations
affects
overall scope of the organisation
structure
departments
objectives
external
outside influences
effects
saustainability goals
external stakeholders
political regulation
resources
cultural norms
internal
governance structure
culture
internal stakeholders
analysing
STEEPLE
PESTLE
highlight improvemenets needed
internally
externally
note
risks
possibilities
innovation
1.2 Discovering global context
opportunities & challenges for business
develop & implement new ideas
operating in global context
effects
technology advances
communication
transport developments
movement of goods
changes in trade
enhanced interaction across borders
business/organisation
private & public
aware of global trends & events
global rules & procedures
WTO (used to be GATT) etc
agreement of tarifs and trade
standardise free trade policies
world bank
IMF international monetary fund
international labour market
shared best practices
atm efforts to restricts this: Brexit
global leader
innovation
improve operations
must have global awareness
big idea
feasible in global standards & organisational culture trans nationally
universal values?
depends where operating from?
best way of doing things?
one size fits all/ adop same way of working?
1.3 Localising the global context
international standards
interact with local/ national laws & regulations
local values
marketing according to local customers
adapting product to each local need
innovation
reading 1- adapting online platforms to local needs is vital
glocalisation
affects
innovation
new ideas
how to bridge local, national, regional & global levels
for economic & social management