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Discussion board # 1

COLLAPSE

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Uber is a technology-based business. As the business evolves, how do you see the additions of public regulations impacting a business such as Uber? For example, are drivers employers or contractors?

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Respond to Discussion board (NF)

COLLAPSE

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Currently, Uber drivers in the United States are considered to be independent contractors, whereas, in Europe they are considered employees of the company. After much litigation in the U.K., the courts determined that all Uber drivers were to be considered employees, and therefore granted additional worker’s benefits under current labor laws. Because there is a considerable push in the United States for increased wages and protection under federal labor laws, I do believe that there will be a continued interest to change the ruling through government lobbying to mimic the business model now used in the U.K. While many drivers value the flexibility that comes with being an independent contractor, others may place a higher value on benefits and overtime, especially as a recession looms.  

Discussion board # 2

Discuss how the concepts in this course can be applied to real-world situations and increase your chances of career or life success.

Respond to discussion board # 2

Applying the concepts of global strategic management can increase chances of career or life success by:

1. Developing global market awareness and identifying emerging opportunities.

2. Making strategic decisions based on market analysis and long-term objectives.

3. Cultivating cross-cultural competence to work effectively in diverse environments.

4. Embracing innovation and adaptability to stay competitive in a changing global marketplace.

5. Building a strong network and collaborating with professionals from different backgrounds.

6. Managing risks and building resilience to navigate uncertainties. Overall, these concepts provide individuals with the skills and mindset to thrive in a globalized world, seize opportunities, and achieve their goals.

Detailed explanation:

The concepts of global strategic management play a vital role in today's interconnected and competitive business environment. By understanding and applying these concepts, individuals can enhance their career and life success in several ways:

1. Global Market Awareness: Global strategic management emphasizes the understanding of global markets, including emerging trends, cultural nuances, and economic factors. Developing a global mindset and being aware of international opportunities can provide individuals with a competitive edge. It allows them to identify untapped markets, spot emerging industries, and adapt to changing consumer preferences on a global scale. This awareness can open up new career prospects and enhance job security.

2. Strategic Decision-Making: Global strategic management involves analyzing and evaluating various strategic options to make informed decisions. By applying strategic thinking skills, individuals can assess risks, identify competitive advantages, and align their actions with long-term goals. This ability to think strategically enables individuals to make sound decisions in their personal and professional lives, leading to better outcomes and increased success.

3. Cross-Cultural Competence: In a globalized world, cross-cultural competence is essential for effective communication, collaboration, and relationship-building. Global strategic management emphasizes understanding and appreciating cultural differences, enabling individuals to navigate diverse cultural contexts with sensitivity and adaptability. This competence enhances their interpersonal skills, enables them to work effectively in multicultural teams, and improves their overall effectiveness in a globalized workforce.

4. Innovation and Adaptability: Global strategic management encourages individuals to embrace innovation and adapt to dynamic market conditions. It emphasizes the importance of continuous learning, staying updated on industry trends, and seeking opportunities for innovation and improvement. By embracing a mindset of innovation and adaptability, individuals can identify and seize opportunities for career growth, stay ahead of the competition, and remain relevant in a rapidly changing global environment.

5. Networking and Collaboration: Global strategic management recognizes the significance of building strong networks and fostering collaboration. Networking provides access to diverse perspectives, knowledge sharing, and potential career opportunities. By actively engaging in networking events, industry conferences, and online communities, individuals can expand their professional connections, gain valuable insights, and increase their chances of career advancement.

6. Risk Management and Resilience: Global strategic management involves assessing and managing risks effectively. This skill is crucial in both personal and professional contexts, as it allows individuals to anticipate and mitigate potential risks. By developing risk management competencies, individuals can make informed decisions, navigate uncertainties, and bounce back from setbacks, enhancing their resilience and overall success.

In conclusion, understanding and applying the concepts of global strategic management can significantly increase an individual's chances of career or life success. By embracing a global mindset, strategic decision-making, cross-cultural competence, innovation, networking, and risk management, individuals can navigate the complexities of a globalized world, seize opportunities, and achieve their goals more effectively. These concepts are applicable not only in a business context but also in personal endeavors, enabling individuals to lead fulfilling and successful lives.

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