Please view explanation and answer below.1ManagementStudents NameAffiliate InstitutionInstructor s nameCourse numberDate2Question 1.Global trends worldwide, such as political, economic, and corporate activity changes andadvancements in technology, transportation, and communications, have forced companies intheir battle for existence to modify their tactics and spread outside their own country sboundaries. Limited market share, increasing competition, demand for lower-cost assets, and thecontemporary social era s dynamics require corporate leaders to divert their attention fromtraditional objectives to alternative approaches for profitable business and international marketentry, to improve business performance.Globalization is the process of integration and interaction of individuals and businessesfrom all over the world. It entails the development of autonomous economies, people, cultures,and cross-border goods and service commerce. People and companies can interact and travelmore readily due to it, allowing them to do worldwide business (Davis, 2021). Sustainabilityrefers to a broad approach to organizational management that focuses on generating andmaximizing great value economically, socially, and environmentally. It is a reaction to themodern-day difficulties that both public and private organizations face. Social responsibility isthe duty of a company to address the interests of its customers, workers, stakeholders,communities, the surroundings, and the environmental and societal repercussions of itscommercial operations.Globalization has led to the internalization of operations where firms consider trendsacross the borders and strategize on the trends as well as the establishment of national borderoperations. Mostly, upstream and downstream internalizations are the main operations usuallylaid out in the corporates strategic management. Globalization has facilitated the exchange of3information as well as the transmission of social values and ideas. Managers have been forced toshift from old authoritarian leadership to inclusive, transformative leaders due to this. Within anextremely competitive global economy, internationalization and transformative leadership canlead to exceptional
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