GLOBAL MANAGEMENT ENVIRONMENT

Norgee B. ParrenoResource Person

GLOBAL ENVIRONMENT

Set of forces and conditions in the world outside the organization’s boundaries that affect the way it operates and shape its behavior.

• Global Outsourcing- occurs when a company contracts with suppliers in other countries to make the various inputs or components that go into its products or to assemble the final products to reduce costs.

• Barriers of Entry Economies of scale Brand Loyalty Government Regulations

• Globalization- is the set of specific and general forces that work together to integrate and connect economic, political, and social systems across countries, cultures, or geographic regions.

DECISION MAKING,LEARNING,CREATIVITY AND ENTREPRENUERSHIP

• Decision Making and its definition

The process by which managers respond to opportunities and threats by analyzing options and making determinations about specific organizational goals and courses of action.

• Programmed and Nonprogrammed Decision Making

Programmed decisions are decisions that have been made so many times in the past that managers have developed rules or guidelines to be applied when certain situations inevitably occur.

Nonprogrammed Nonroutine decision making that occurs in response to unusual, unpredictable opportunities and threats.

• Curbing Overconfidence

I. DECISION MAKING

I. DECISION MAKING

Models of Decision Making

1. Classical Model

2. Administrative Model

Cognitive Biases and Decision Making

2. Heuristics3. Systematic errors4. Prior Hypothesis Bias5. Representative Bias6. Illusion of control7. Escalating commitment

Groupthink

Group decision

Devil’s advocacy and Dialectical Inquiry

1. UNDERSTANDING CAUSALITY• Observations• Classification• Figuring out the definition

2. IMPROVING FORECAST• Inside view• Outside view

3. SORTING RELEVANCE• How do we take new idea and integrate it with our point of view?• Confirmation Bias• Pseudo-diagnostics information• Suddenly-diagnostics information

I. Decision Making

New trend on Decision Making• Decision Making are mostly related to the so-called dual process model of decision

making in which rational analysis is combined with intuition.

• Empirical research shows that, managers rarely resort to complex decision making models. Instead they are more prone to rely on experience, intuition, imagination and management of emotions.

II. Learning

What is learning?

Organizational Learning- Is the process through which managers seek to improve employees’ desire and ability to understand and manage the organization and task environment so employees can decisions that continuously raise organizational effectiveness.

Learning Organization- Is one in which managers do everything possible to maximize the ability of individuals and groups to think and behave creatively thus maximize the potential for the organizational learning to take place.

III. Creativity and Entrepreneurship

Creativity- Promoting Individual Creativity- Promoting Group Creativity Brainstorming Nominal Group Technique Delphi Technique

Entrepreneurship- These are the people who sees opportunities and decides how to mobilize the resources necessary to produce new improved goods and services.

- Social Entrepreneur

- Intraprenuer (product champion, skunkworks and rewards for innovation)

Fin

References:

Contemporary Management by Gareth Jones and Jennifer M. Georgehttp://www.inc.com/neil-patel/the-biggest-trends-in-entrepreneurship-i-ve-seen-this-year.htmlhttps://trainingmag.com/5-trends-future-learning-and-developmenthttps://www.peoplematters.in/article/strategic-hr/blog-on-hr-od-and-personal-effectiveness-1111