Business & Government in Global Context †MyAssignmenthelp.com

Question: Discuss about theBusiness Government in Global Context . Answer: Introduction The report presents a brief overview of the journal article The business strategy and environment which was written by Rory Sullivan and Andy Gouldson. It explains that how corporate governance plays a significant role in the internal management and external governance pressure. Corporate governance The business strategy and environment journal article have been selected for summarization of this report. It was written by Rory Sullivan and Andy Gouldson. The article explains that how governments, investors, large companies, and nongovernment organizations adopt a range of carbon and power management practices and it also explains that what actions they take to reduce the green house emissions. The article emphasizes the significance of external governance force, internal governance situations and the stage and structure between internal and external government. It ensures that internal government, environment changes, external pressures and commercial actions interact and influence to each other (Crane et al, 2008). The article gives a brief overview of the importance of diverse force and situations as a key determinant of their power and aptitude which influence the behavior of corporate governance (Brealey et al, 2012). It explains that how potential affect the internal government situations and external corporate governance force. The external government force influence and affects internal management process and association policies and actions. Therefore some important decisions are taken by the companies so it requires funds investment. The companies will invest money in case of financial crisis. The external government anxiety force to the organization to take a decision and sometimes companies also cross the boundaries of business (Tricker Tricker, 2015). In corporations, old governance situations power was focused in the state; it is also called articulation of power. In new governance situation, power is circulated in wider networks with the help of several actors with various capacities and diversity. Internal management of the company and external management play a significant role in the governance of the corporation. In internal management, corporate governance refers to rules, policies, and regulations that determine how the company is controlled and directed by these rules and policies. In internal governance, decisions are taken by the shareholders and board of directors. Corporate governance refers to control and solution of problems and it also controls behavior for increasing shareholders value from commercial activities (Larcker Tayan, 2015). Further, business activities can also be managed by the culture and values which dominate the organization and several departments of the organization. These culture and values are responsible for different forces and opportunities of the company. These culture and values are used by leaders and managers of the company for setting up mission, vision, and code of conduct (Bainbridge, 2012). The main object of corporate governance is to facilitate excellent, successful and prudent management for achievement of long term goals and objectives of the company. The report focuses on the international retailers like U.K, Japan, Germany, and France, US, Australia and they all play a significant role in capital investment. Corporate governance plays important role in changing ownership framework, growing number of scam, globalization, merger, and acquisition. The good corporate governance ensures the success and growth and it helps to eliminate corruption, wastage and risk management. It build s and enhances investors confidence as a result of this it will increase the capital of the company (Aras, 2016). Conclusion Now it is concluded that corporate governance plays a vital role in the internal management and external governance pressure and it is also important for corporate success and economic growth. References Aras, G., 2016.A handbook of corporate governance and social responsibility. CRC Press. Crane, A., Matten, D., Moon, J. and Moon, J., 2008.Corporations and citizenship. Cambridge: Cambridge University Press. Larcker, D. and Tayan, B., 2015.Corporate governance matters: A closer look at organizational choices and their consequences. Pearson Education. Tricker, R.B. and Tricker, R.I., 2015.Corporate governance: Principles, policies, and practices. Oxford University Press, USA. Bainbridge, S.M., 2012.Corporate governance after the financial crisis. Oxford University Press. Brealey, R.A., Myers, S.C., Allen, F. Mohanty, P., 2012.Principles of corporate finance. Tata McGraw-Hill Education.