Capstone

Globalization is the process by which businesses use to make more advancement and develop international influence, which entails starting to operate on a global scale. There is hope that when companies embrace globalization, they are moving a step forward into achieving success. Technology is the process f applying scientific and modern methods into practical activities to facilitate faster handling of work and management of resources. Strategic models are such as plans designed to increase the rate at which a process takes. They are majorly a source of growing operations to meet the objectives of a corporation. Vision usually puts much focus on tomorrow and the future; it shows by indicating what an organization wants to become at that particular time. The mission statement considers today and what an organization can achieve successfully (De Chernatony & Segal‐Horn, 2003).

Technology and Globalization

In the business world, technology and globalization are being able to be used as a source of competition among industries, companies, and organizations. There is a high chance that most people tend to make the use of excellent and efficient methods to achieve that. Every organization is looking for ways in which they can compete favorably, and that is a significant step to take as they are not working in their comfort zone. First, technology encourages innovation in companies and corporations for faster growth. The development of existing equipment, methodologies, and procedures starts taking place. It motivates employees to be creative to get better ways to partake in activities, and that is a great deal for a corporation.

Moreover, technology is usually accompanied by information and communication technology, which plays a significant role to promote the security and supervision of activities. Information technology has played a role in ensuring that risks, hazards, and vulnerabilities can be managed and controlled correctly. Risk managers have been integrated into organizations so that they can take part in establishing a safe ground where the business will operate safely. Risk managers are vital in corporations as they can alert the board of directors and managers if there is any agent matter that can be able to affect them. Also, they take part in making sure that there are ways in which employees can be able to help curb or mitigate risks and vulnerabilities. The steps and devices used in the procedure of mitigating risks need information technology. Technology also plays a role in providing back up storage in the goggle cloud for their files and secrets of corporations. At times companies face attackers that usually come from other companies that are competing with them and making their attack be in vain there is a need to back up all the files so that if they are lost, at least, the company will be able to retrieve the backed up files. As corporati0ons are struggling to be successful, others are against their success, and they can do anything to stop them.

Technology has evolved the way security measures handled, and the introduction of electric fence and CCTV has been a significant step. Decision making has been a factor that has made many organizations to collapse due to a lack of knowledge and resources. With technology, decision making is at a better place because, with every decision, corporations can learn what is right and what is not with the help of the internet. The internet can show which methods were used by other organizations and if they were successful, which can help a big deal. Although information technology takes time before its results are seen, it offers and yields excellent products that are of excellent quality and improve the speed taken in production.

Globalization is mainly embraced by companies that offer used products all over the world, which is considered a good step to take. Globalization ensures that there are great ways in which people can be able to make significant decisions by expanding their territories to improve their standards. Corporations that embrace globalization can market their brand name and the name of the corporation for increased sales and popularity. The significant impact of globalization is the increase of new customers or consumers and making new partnerships all over the world. Secondly, globalization leads to many probabilities of international relations and engaging in events that may be able to popularize the name of the organization. Besides, corporations can increase their rate of production by ensuring that there is a high rate of goods and the supply is always higher than the stores. It is with great help that employees can manage all the activities globally with the use of the internet and technology. Globalization is viewed in a significant step of creating profit for a corporation, and that is the objective of all businesses and corporations (Chesbrough& Rosenbloom, 2002).

Strategic Models

               An excellent strategic model plan should have only three elements, such as structure, governance, and frameworks. The system shows the different necessities of one’s strategic plan and how they can fit properly and interact with one another. For example, a form of a strategic model may be able to start with a vision statement, which is followed by focus areas and objectives. Secondly, there are frameworks which show that there are techniques and methods are utilized to come up with achieved goals. Governance outlines how one will go to ensure that there are proper tracking and reporting on goal components of one’s strategy. Strategic models help in the planning of all activities that are carried out in an organization. Planning starts with financial, task allocation to the resources will be used. It aids a corporation’s success by providing them with ways in which they can be able to use the scarce resources that they have in projects and daily operation. It can only be successful if the strategic models that are applied are relevant to its implementation. Every strategic model works best when appropriately chosen, and it aligns with the character of the environment selected. 

Vision and Mission Statement

               Every corporation has its mission, which is not different from others. Most tasks are usually for the days that are present. Corporations outline their mission and vision so that employees, partners, and even customers can read it. It is supposed to be an open statement that can be able to show outsiders what that corporation entails in general. It gives a summary of the main focus and purpose of corporations. The mission statement helps the corporation at large to work towards achieving the goals stated there. It keeps corporations on their toes to make sure that success is attained during activities done in the manner indicated in the mission. The mission is majorly to help organizations have a purpose and be able to work towards fulfilling that rather than fulfilling their interests and desires.  

               Vision statements help organizations to keep working towards achieving the vision in the future. It is like a reference point that is created to help bring the best out of what is present. When a corporation is working, they must consider looking at the future so that their decisions do not affect the future. A vision statement helps in decision making such decisions made while considering what will be durable and last longer to protect the future (Gottschalk& Solli‐Sæther, 2005).

Stakeholders

Stakeholders are supposed to bring the best out of what is done in corporations. They are responsible for grating acceptance of activities and projects so that they may commence. Moreover, they are I charge of the expertise in a corporation in that they enable and grant access of qualified personnel to corporations so that they can be able to be useful while utilizing their skills. Stakeholders are responsible for ensuring that finances and resources are available always for activities run effectively.

               The success of corporations comes from different aspects stated above, and if handled well, it can be able to give good outcomes. Employees are encouraged to be very diligent as the success of their corporation will also result in a reasonable payment of salary (Wentling, 2004).

References

Chesbrough, H., & Rosenbloom, R. S. (2002). The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin‐off companies. Industrial and corporate change, 11(3), 529-555.

De Chernatony, L., & Segal‐Horn, S. (2003). The criteria for successful services brands. European Journal of Marketing.

Gottschalk, P., & Solli‐Sæther, H. (2005). Critical success factors from IT outsourcing theories: an empirical study. Industrial Management & Data Systems.

Wentling, R. M. (2004). Factors that assist and barriers that hinder the success of diversity initiatives in multinational corporations. Human Resource Development International, 7(2), 165-180.