Analysis of the Impact of Globalization Trends in the Digital Economy on Business Management and Administration Systems of Enterprises

Abstract

Aim. This study aims to investigate the impact of globalization trends on the business management and administration systems. Methodology. The scoping review of the literature included 123 articles through desk research and in-house material. Upon categorizing typologies as qualitative, quantitative, or mixed, an assessment was made regarding the performance and consequences of globalization from 1990 to 2022. Results. Developing country managers are more likely to depend on international sales as a means to augment revenue, due to the greater saturation of sales in developed markets. Developed economies focus on advanced, possibly automated production methods, whereas developing nations employ the digital economy to compete in less automated industries. This creates a more specialized global market..E-commerce in the digital economy makes it easier for developing nations to enter the global market and reach a global audience. In their pursuit of financial gain, corporations based in affluent nations are more likely to employ sophisticated production methods, while those situated in developing countries are more likely to utilize less advanced ones. A number of prevalent issues and trends—including economics, politics, emerging markets, corporate social responsibility, and emerging markets—were recognized as critical for the development of global markets. While past research has focused on globalization's effects on developed economies, this study examines emerging country managers' unique difficulties and opportunities. The emphasis on expanding international sales and potential manufacturing process reduction can inform management approaches in similar situations. Conclusion. The recommendations underscore the critical necessity for further investigation into the aforementioned impacts across diverse economies, ranging from developing to developed. Although this study encountered difficulties due to inconsistent and limited data, it established a strong foundation for subsequent investigations in the field through the application of operationalization, methodologies, and analyses discovered in the business literature.