QUESTION 1 

Globalization has led to the increase of easy access to information and cultural beliefs. Due to the
sudden change in the environment, managers are required to change their leadership style and
make alters in their decision-making strategy. At first, the managers were traditional authoritarian,
now they have to transition themselves to have an effective participatory transformational
leadership style. Nowadays, employees do not owe their blind loyalty to the company and it is
eventually earned from the decision-making skills of a manager. Companies are required to adapt
to the changing needs of their customers and environment. Therefore this can be done by making
smart internationalization decisions for example which foreign market to target and enter into.
(Blumentritt, 2019). The base of these decisions is taken to meet the uncertainty demands of the
future. As there is economic integration, it has helped with the delivery of products and has
facilitated all types of businesses. Modern businesses are directly impacted by the increase of
information and technology and effective networks of transport. Globalization has helped with the
enlargement of various markets and has provided opportunities to many players from different
countries to enter the global market. The fate of the business will be determined by the quality of
the decision-making skills of a manager in the midst of globalization. Before making decisions for
future strategies, it is important to consider business conditions. Every country has a different
perception of how to conduct a business and has rare views when it comes to international
business. Therefore it is important to be fully aware of the dynamics of international business.
Managers must also consider economic conditions and access whether the current economy of the
country will support the growth of the business. Political conditions should also be considered as
the government body is responsible to set the rules of conducting a business. Lastly, culture
influences a person’s experience and it directly impacts factors like work-life balance,
compensation, and various management methods. (Denison, 2016)

QUESTION 2

Management capabilities can be easily accessed within an organization. Effective managers make
a prominent change in the effectiveness of the employees and contribute positively to the
performance of the business. Many businesses struggle to identify good managers and measure
their effectiveness, especially businesses in the United Kingdom of Bahrain. Businesses rely on
the result and are the most effective metric to assess management capabilities. If a manager made
an effective decision then it will show in the performance of the company. (OMARLI, 2018). All
businesses should hold regular surveys to understand the position of their company in the
competitive market. The business will access that whether they have hired potential human capital
into their business. Employee surveys can also detect how well the managers are engaging with
the employees while creating a strategic plan for the growth of the company. Managers who excel
at their jobs are often seen building a team of engaged employees so there is a constant spike in
the turnover of the team. 
Some advantages and disadvantages of managerial decision makings among managers in both
public and private sectors in Bahrain are, (Richard, 2017)

• Gives an adequate amount of information as there is a large number of people involved

with unique perspectives which can help understand decisions efficiently and make
corrective decisions. 
• Provides businesses with various alternatives and drives them to choose the most
effective ones. 
• Improves the overall quality of the decision and helps in meeting the objectives of the
business. 
• The entire process is very costly and time-consuming. 
• Inequality among colleagues and promoted domination in a business. 
QUESTION 3 

Following recommendations can be made to Bahrain to increase their participation in the global
markets, (Stevie, 2018)
• Formulate an effective strategy by proper planning and conduction market analysis that
are needed to succeed in the international markets. It is important to consider logic and
currency rates. A business can be boosted with the help of various inexpensive resources
that are available in any international market. 
• Identify a viable product to properly enter the international market. It is important to
conduct a competitive strategy and access the competitive position in the competitive
market. 
• Estimate the size of the market of the targeted nation. This will provide us with insights
into potential customers and how to reach them. 
The information economy is now increasing day by day. Bahrain can be an integral part of
the information of the economy as it has one of the biggest and fastest-growing financial services
sectors as it is based on an open economic policy. The country has the first chamber of commerce
that is the situation in the Arabian Gulf. Although the country’s economy heavily relies on natural
resources but since the last few years the country has been progressing with the help of education
and the creation of value. (Tamkin, 2019)

QUESTION 4 

Oil prices are often influenced due to various factors, one of the most important trending the
decisions taken by the producers for example Organization of Petroleum Exporting Countries
(OPEC), petro-states in Russia, and private oil production companies. The oil and gas industry is
currently undergoing a major shift that drives various trends in the industry. (West, 2018)
Most of the companies are now neglecting the infrastructure of the petroleum industry as it requires
a large investment. Oil and gas are not focusing more on sustainability for the last few years and it
is important to protect the government. Oil has become very popular in the energy industry and
companies now have greater access to natural gas. Companies have now explored 4D seismic
technology that prompts companies to conduct deep-sea exploration. There is a sudden demand
for technological needs in the oil and gas industry, although a decrease can be seen in the skills of
the employees. Many companies are seen overcoming the skills shortage in the industry. The
Upstream Capex for oil and grow have grown by 4% and the LNG demand is predicted to grow by
60% by the year 2030. Oil has the most potential part in the petroleum industry that averages
between 30%-40% of the market every year. Managerial decision-making is done by OPEC as it
controls almost 85% of the world’s oil supply and they make decisions by predicting the future. For
example when OPEC reduced the prices of oil by deciding to cut back the oil production. (Linchpin,
2018)
REFERENCES 

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West, R. (2018). How Does Globalisation Influence Organisational Decision Making

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Blumentritt, T. (2019). The Big Picture: Decision Making and Globalization.

Digitalcommons.kennesaw.edu. Retrieved 22 February 2021, from
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Tamkin, P. (2019). Indicators of Management Capability: Developing a Framework.

Employment-studies.co.uk. Retrieved 22 February 2021, from
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Stevie, M. (2018). Strengths and weaknesses of 5 decision-making processes.

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 Linchpin, T. (2018). Trends Transforming The Oil And Gas Industry Outlook In
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%20the%20end%20of%202018.