Business Assignment Example | Topics and Well Written Essays - 2250 words

Business - Assignment Example This report stresses that recent country-by-country study analysis of globalization reveals many surprises and interesting bits. The study shows that there are high possibilities of continued integration of economies world over as well as more than five percent increase in gross domestic products. In addition, there is enormous room for world connectedness to expand which will be of various benefits in the international business. This paper makes a conclusion that mutual respect, healthy interdependency, cross cultural communication and effective leadership are some of the most appropriate ways through which a successful Global project management can become a reality. Without the implementation of the above factors such that that leadership lacks authority, power and control over employees, then the project’s destination is failure. Using cross-cultural teams effectively in projects provides a massive source of experience as well as innovative thinking that enhance innovation and competitiveness of their organizations. Managements should also make proper efforts to eliminate communication barriers that may hinder openness and transparency in the organization. Discriminatory cultures and principles should also not find a leeway into any organization. It is therefore important that managers should also give room for innovation, creativity and motivation by offering flexible leadership.