Global Mindset

Global Mindset

Global Mindset


The consequences of globalization on business’ operations are inevitable. Globalization has profoundly changed how business is envisaged and conducted. Its impact on business operations is both universal and wide-ranging, thereby, necessitating a review of the current tactics and historic rules of thumb such as the standard operating procedures. For instance, a globalized business requires that processes such as business planning at all levels must be undertaken with deeper knowledge about the local and global environment. The knowledge of local regulatory requirements is as important as global knowledge of economic activity when developing strategic corporate goals. Moreover, when executing business operations and procedures, cultural practices and local customs must be recognized. A failure to review the strategies of doing business to conform to the foreign environment may lead to a significant impact on the business’ performance.   

Key Dynamics Underlying the Globalization of Business

There are numerous key dynamics that underlie the globalization of businesses. The laws and policies governing businesses around the world are varied and change very often. Concerns relating to policy instability and taxation are among the leading problematic factors in business globalization (The Economist Intelligence Unit 1). Business in different countries such as the Czech Republic suffer from the tax burden, especially payroll taxes and excessive OECD standards, although not as high as those in neighboring countries such as Slovakia. Also, regional and bilateral agreements undertaken by European Union (EU), the Organization for Economic Cooperation and Development (OECD), and policies imposed by organizations such as the International Monetary Fund (IMF), the World Trade Organization (WTO), and the World Bank impact on the market-driven process of globalization.

The Unique Qualities of the Business Climate of Prague (Czech Republic)

The Czech Republic has numerous unique business climate that impacts to the global marketplace. For instance, the country is a medium-sized economy that is open, export-driven and is heavily reliant on foreign demand, particularly from the Eurozone (Export.gov n.p.). About 84 percent of the country’s exports go to its counterparts in the European Union (EU). Out of these exports, over 60 percent are dispatched to the Eurozone, while another 32 percent is shipped to the Republic’s greatest trading partner, Germany (Export.gov n.p.). Prague is strategically located in the EU region. The country has well-developed infrastructure and skilled labor force. These factors have enabled the small country with a population of around 10.5 million to hoist itself as an important regional and global manufacturing hub and consumer market for Eastern and Central Europe (Export.gov n.p.). On the other hand, U.S.’s companies are going abroad to invest in other countries, unlike Prague which is hosting many foreign companies. As a result, the U.S. companies and those from other parts of the country can take advantage of the conducive business environment in the Czech Republic to invest in the country and the markets the country exports to.

Czech Republic’s location in the European Union region makes it an uncertain business environment. European integration influences numerous factors, which contribute to the establishment of the business environment in the Czech Republic and thus impact on the performance of organizations in the country (Litva 37). Political instability in the region, especially the recent threat of Britain to withdraw from the EU creates uncertainty to Czech Republic’s business environment. The withdrawal will affect business performance in Prague since EU countries are the leading markets for Czech Republic companies. The location of Prague in the EU region distinguishes the country from the U.S., which has minimal influence from external market environments. In the Czech Republic, expatriates from America and Western European countries are considered to be highly paid than the local population. This factor can sometimes lead to the foreigners being overcharged for different services such as accommodation and taxis (Kwintessential Ltd n.p.). Despite the efforts of successive governments to stamp out this behavior in recent years, it is still witnessed in different areas of the country.

Both the U.S. and Czech Republic business cultures display preference to hierarchical leadership in organizations. In the U.S., hierarchy in organizations is established for convenience. Superiors are often accessible and managers depend on individual workers and teams for their expertise. The managers and employees are consulted and information is frequently shared (Cook 49). Similarly, in the Czech Republic, most business organizations maintain a hierarchical chain of command (Santander). However, decision-making in the two countries’ organizations varies since, in the U.S., decision-making is undertaken through consultation across an organization, whereas in the Czech Republic, business leaders make decisions for their organizations. In the U.S., there is a lot of delegation to workers in U.S. businesses rather than all processes and power being concentrated in the top management (Cook 49). The conduct of decision-making processes in the U.S. is influenced by equal rights concept, which is evident in all aspects of the country’s society and government (Cook 49). As a result, in American organizations, hierarchy is created for convenience rather than for command and control of organizations. Superiors are accessible and managers depend on individual employees and teams for their expertise. However, in Czech, decisions are made from the top down. The leadership’s opinion is usually valued and weighed (Santander). Subordinates cannot challenge the decision made by managers because Czechs tend to adhere to the established procedures and pay great attention to detail.

What I Should Do to Further Develop My Global Mindset and Become an Effective Global Manager

Business managers should attain competence in global business operations in the current business environment. The world is becoming a global village where the hindrances of national boundaries are continuously becoming weaker, allowing businesses to operate beyond their countries of incorporation. As a business manager, I should have global intellectual capital which comprise the knowledge on the global industry, business competition, and opportunities. Through the international study tour, I learned that the business environment in countries around the world are based on market size, number of firms in an industry, legal and regulations, and business operation costs. As such, I should always study business environments in different countries to increase my global intellectual capital. My studies should focus on understanding different industries in the world, how to transact business internationally, the risks involved and opportunities available among others.

I should improve my global psychological capital by improving my knowledge of diversity. I should develop a passion for diversity, seek to understand cultures and people around the world, expose myself to people from different parts of the world, and visit different countries. International business operations bring together people from different parts of the world who uphold different cultures and speak different languages. Since I desire to become a manager for a multinational company, I should prepare myself for the world beyond my nation’s borders. I will visit different multinational companies around the world such as Coca Cola, Toyota, Samsung, and Uber among others to gain some knowledge from the companies’ leadership. I will inquire from the companies’ leadership about the challenges and opportunities they encounter in their operations and the strategies they apply to compete effectively and overcome the challenges they face in the many countries they operate in.

I will seek to improve my global social capital by ensuring that I gain the ability to work in multicultural environments. I am focusing on improving my intercultural empathy to gain the ability to work in different parts of the world and work comfortably with people of different nationalities and cultures. During my schooling, I will build friendships with my fellow students from different parts of the world so that I can learn more about their cultures, norms, languages, and habits. Through friendship, I will have opportunities to visit their countries during my school holidays. After my studies, I will look for employment in organizations that display diversity in their employee teams. Also, I will build networks with people from different countries through various channels such as social media platforms that include Facebook, Twitter, and Instagram. I will join professional organizations with international membership to build global networks. Channels such as LinkedIn will help me build networks with professionals around the world and to understand how they improve their leadership competencies. I will undertake research in libraries and online to learn how I can improve my cross-cultural communication skills.


Managing the operations of multinational businesses is demanding and challenging. Varying and ever-changing policies around the world complicate the management of multinational corporations. International agreements and regional blocks agreements affect business operations. Also, the presence of organizations such as IMF and WTO necessitates managers to be conversant with the policies laid down by these organs as they impact the global business environment.

Works Cited

Cook, Gina M. “The influence of national culture on American business people – managerial implications for central Europe” Central European Business Review, vol. 1, no. 2, (2012), pp. 46-51.

Export.gov, “Czech Republic – Market overview” (2019). The International Trade Administration (ITA) Last Published: 10/19/2018. Accessed on April 26, 2019 at https://www.export.gov/article?series=a0pt0000000PAtdAAG&type=Country_Commercial__kav

Kwintessential Ltd, “A guide to the Czech Republic – etiquette, customs, clothing and more” (2019).

Litva, Dušan, “Doing Business in Czech Republic after accession to the EU” Trends Economics and Management, vol. 29, no. 2, (2017) pp. 35–50.

Santander, “Czech Republic: Business practices” (2019) Latest Update: April 2019. Accessed on April 26, 2019 at https://en.portal.santandertrade.com/establish-overseas/czech-republic/business-practices

The Economist Intelligence Unit, “Business risks and opportunities in the Czech Republic” 2015.


Tired of Guidelines or Lack Time to Work on Your Paper, Get Original Custom Research Paper Writing Service

Thecustomwriting.com research paper writing service has saved thousands of students from stressful college life. Writing a custom research paper may be challenging, considering it has to be plagiarism-free. And it is better not to do your project than to hand in plagiarized work or hurriedly complete it if you do not have time.

Academic integrity is so vital that you may get a suspension or an expulsion because of a copy-pasted work. Writing a custom research paper requires research and writing skills to produce original content. Here are essential things to know about getting the best and legit assignments help websites.

Perfection is vital

Every website will promise you that they produce high-quality work. However, you put your money for your end-of-semester paper only to get a pass. You must learn how to identify the best writing service before committing.

Thecustomwriting.com produces quality content at all times. Rather than a quality promise, quality assurance is what you should consider before hiring a research writer. Best writing services are reliable. You don't want to partner with a cheap research paper writing service that will deliver poorly written essays hours after the due date.

Quality writers are part of the best writing service. A company that has untrained writers will fail you. Before committing, ensure that the people who will write your paper are academicians and professionals. It would help if you had a writer who will be prompt to respond to your questions and follow instructions. Writers who do not fear to ask for clarification where they don't understand are the best for you.

Beware of Scammers Posing to Provide Custom Research Paper Writing Service

It may take time and effort to find a legit custom research paper writing service. Most of the websites claiming to offer writing service trades your paper with another student. For example, if you order your paper today to submit it next week, you may find that another student has already handed over the same document.

Your money is gone, you have no paper to submit, and the deadline is in two hours. You can only sit and cook up some stories for your lecturer. Otherwise, wait for a penalty or suspension.

Others will give you half-baked papers in the name of cheap essays. Apart from reselling your paper, some companies will offer you copy-pasted work. If you don't have tools such as Turnitin or Copyscape to check plagiarism, you may find yourself in the dean's office explaining why you copied your work from the internet word-to-word.

We offer one of the best research paper writing services in the USA and the U.K.

You won’t regret choosing Thecustomwriting.com to handle your research. Your project is an essential part of your academic work. It determines whether you will move on to the next semester or if your name will appear on the graduation list. Do not gamble your education by hiring any cheap essay writing website you find on the internet. Look for a custom research paper writing service reviews before commit.

Avoid scandals by hiring Thecustomwriting.com. Count yourself lucky if you are reading this article. You are in the right direction in finding the writing service for your paper. Though many websites could have frustrated you, Thecustomwriting.com is committed to providing you with reliable service for your paper.

Thecustomwriting.com offers quality services at affordable prices, and they deliver your work on time. They have native English writers that write your paper using the correct language.

Plagiarism Free Custom Research Paper Writing Service

Our writers understand the seriousness of writing plagiarized papers. Every institution has regulations that govern how a research project is conducted. Universities and colleges take plagiarism as gross misconduct. The best writing services are those that will deliver plagiarism-free papers.

Plagiarism involves, among others, copying a published work and delivering it to your lecturer as your own without acknowledging the sources.

Another way your work can be plagiarized is the failure to include the source of your content in a research paper. If you are using someone's thought, you need to include a reference and in-text citations to show that you are using another scholars' worker.

It's a gross mistake to write a five-page paper without a single source unless the paper's nature does not require you to rely on any sources. Here are some tips our writers use to avoid accidental plagiarism:

  • Cite direct quotes, statistics, and paraphrased content.
  • Ensure that all in-text citations are included in the biography and vice versa.
  • Directly quoting not more than 2% of the paper, if quoting is necessary (some papers are exempted from this rule, especially literature).
  • Stick to high authority, scholarly sources. Our writers will hardly paraphrase content from third party blogs and other questionable sites.
  • Consider Buying A Custom Research Paper from Thecustomwriting.Com

    Consider hiring an expert essay writer if you are not sure about your capabilities. Referencing and citations can be challenging, especially if you try to do it for the first time. It's even harder when your lecturer asks you to use a hard referencing style. For example, Harvard requires you to include page numbers, dates, and the author's name in the text. If you have several papers with a strict deadline, you should consider hiring a custom research paper writing service to help you work on your essays.

    However, ensure the website you want to hire offers legit writing service. A good website should at least charge for its services. You will find many websites willing to provide you with free services. No one is that idle to sit and write a paper for free. Sites that provide free or cheap services hooks you when you least expect.

    Also, consider the price of writing a paper. Though cheap essays are of low quality, other sites may have inflated prices for their rate, making you needlessly break your bank.

    Thecustomwriting.com understands the need for a fair and reasonable price for most students. We know that most students need service, but they do not have enough resources. We, therefore, offer quality service that you can afford.

    Benefits of using custom research paper writing service

    If this is your first time considering using a custom writing service, the first thing is to know why taking such an action is the best. Choosing Thecustomwriting.com ensures professional writers handle your paper. Letting a qualified person handle your project can boost your grade. You cannot afford to fail in the upcoming end-of-semester project. In any case, your progress to the next level will be determined by how well you perform in your essay.

    Thecustomwriting.com ensures the timely delivery of your work. The good thing about legit essay writers is that they can write your essay within the shortest time possible, with one page taking up to one hour at most. It doesn't matter what time you want your work done: Thecustomwriting.com is always ready for a task.

    We will give you a paper written explicitly for you. We will ensure that your paper is not delivered to someone else.

    Come to think of this; if five of your classmates decide to order an essay for the same class, five writers will be assigned to work on different papers instead of paraphrasing one paper and sending it to five of you.

    Frequently Asked Questions (FAQ)

    Do subject specialist writers handle my research paper?

    It's our responsibility to ensure that someone from your field handles your paper. Our company has enough writers from every discipline. We provide only a research writer qualified in your subject to handle your paper. After placing an order, the first step is to screen the question and requirement and match it with the best writer. The less qualified writer has a college diploma, and they only handle high school papers. All other writers are bachelor, masters, and PhD degree holders.

    Are your researchers qualified enough to know the core of the research?

    We commit to quality content. We understand that failure to deliver quality service will result in the loss of clients. Therefore, we only hire qualified writers who have an in-depth understanding of your paper. Whether you want quantitative research done using Chi-square or qualitative research, Thecustomwriting.com’s writers will comfortably handle any discipline or type of paper. Besides, we offer research paper service from college to PhD. Therefore, we cannot afford to have unqualified writers. Our researchers take every instruction keenly when writing your essay.

    Should I worry about order placement?

    There is nothing to worry about placing your order. Our platform has a simple, user-friendly interface that enables you to navigate to different functionalities with ease. We offer quality custom research paper writing services; thus, you don't have to worry about getting value for your money. Besides, you can track your order's progress. Our system progressively send you email notifications regarding every stage of your orders' progress; thus, you don't even have to log in to track down your order. You will also see the progress on the dashboard when you log in. Moreover, our support team will contact you when the writer needs any clarification.

    Can I have direct communication with the writer after the order placement?

    Our system is designed in such a way that it allows you to communicate with your writer directly. We understand the need to clarify things yourself to the writer. Furthermore, our support team is available 24 hours to ensure that urgent matters are communicated swiftly with the writer.

    Will I get any discount on recommendation?

    The answer is yes. We value your efforts and trust to recommend us to your friends. We will offer you a discount on your next order if a client mentions your email when placing an order.

    What guarantees should customers look for?

    We have a written list of what we guarantee our clients in our terms. We guarantee the quality, confidentiality, free revision, original content, and timely delivery. We also guarantee money-back if, in the unlikely event, you are not happy with the quality of the paper.

    What makes a reliable writing company?

    It's easy to know a reputable company. First, they are transparent about their services. They offer multiple methods of communication and have qualified writers. Most importantly, they deliver your work on time, deliver original content, and honour what they have guaranteed.

    Why should customers not opt for cheap essay writing services?

    Cheap essay services will only waste your time. They have foreign writers who will produce plagiarized content full of grammar errors. You will waste your precious time waiting for a paper that you can't give your lecturer.

    Is buying essays online safe?

    It's safe to buy your essay if you take the right precaution. Before putting your money on a strange site, explore the website to see whether you will get customer reviews. They will help you make the right decision.

    How do I hire someone to write an essay for me?

    These are common questions with most clients. It's effortless to get a professional writer. The first step is to identify a custom research paper writing service that is legit and sign up. After that, they will guide you on how to place your order and get a writer. Some companies will allow you to choose a writer for yourself or choose a writer for you.

    What types of writing services can I order online?

    Our website offers a variety of legit essay services. We provide any academic assistance, including research projects, assignments, and admission letters. Visit our website to see what each service entails.

    What benefits and additional features do Thecustomwriting.com services offer?

    We offer several free services to our customers. We offer free revision, a discount on your first order, and free pages such as references and cover pages. Also, we have a quality control department that ensures that all papers are of high quality before delivering them to you.

    Do websites maintain your privacy? Are orders secured?

    Your privacy is our top priority. You will be recognized by your I.D. assigned to you after signup instead of your name. The only person who can access your account is you or anyone else you give your password. Your payment is through a third party. Therefore, your personal information will never reach our site without your consent.

    What are the pros of ordering from custom writing services?

    You get quality papers. We have writers with decades of experience delivering quality papers worth the client's money and much more. We understand your power to influence our progress. Your paper will be delivered on time and written by professional writers.

    Hire a professional writer

    Now that you know what to look for when considering the custom research paper writing services, it's time to try us. Sign up and get a discount on your first order. You don't have to worry about quality, timely delivery, and price. We know they are essential to you.

    Calculate your order
    Pages (275 words)
    Standard price: $0.00
    Client Reviews
    Our Guarantees
    100% Confidentiality
    Information about customers is confidential and never disclosed to third parties.
    Original Writing
    We complete all papers from scratch. You can get a plagiarism report.
    Timely Delivery
    No missed deadlines – 97% of assignments are completed in time.
    Money Back
    If you're confident that a writer didn't follow your order details, ask for a refund.

    Calculate the price of your order

    You will get a personal manager and a discount.
    We'll send you the first draft for approval by at
    Total price:
    Power up Your Academic Success with the
    Team of Professionals. We’ve Got Your Back.
    Power up Your Study Success with Experts We’ve Got Your Back.