Company Management in a Global Business Environment - Old Concepts with New Content

Global business environment is preferably characterized by turbulences as well as by uncertainties and other undeterminable parameters which can hardly be described by routine mathematical tools. At these circumstances corporate management could be likened to ship captain who has to rudder a ship through hell and high water without having correct maps. All of a sudden he has to rely almost exclusively on his analytical skill, personal and shared experience and intuitive consideration. Upon this situation managers may raise a question to what extent companies are manageable in global business environment. Management process is subject to Corporate Governance principles, which are becoming universal in global business environment. This paper refers to two key managerial competencies, namely organizing and planning which mastering in light of global economics represents key success factor.