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Impacts of globalization
Impacts of globalization
Globalization impact on us economy
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Recommended: Impacts of globalization
The advancement in the technology enables companies to widen their reach through communicating globally. It allows them to go beyond their boarders and explore transactions to different countries. Communication becomes easier which resulted to better business transactions.
The proliferation of companies choosing to locate call centers in far-reaching (India, Philippines etc.) is just one example of globalization. Globalization is the interaction and integration of people, organization and government from different countries (Globalization101, 2017). This interconnection is aided by information technology. Business Dictionary (2017) added that it involves exchange of capital, goods and services. Thus, it involves three basic dimensions such
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Topic 3: Effects of Globalization
Zahre points out that there is a Utopian and a Dystopian view on globalization (Miller, K., 2012):
• Utopian view:
Globalization will continue to escalate, transferring technologies, bringing cultures and societies close, and creating a community of peace loving, intelligent citizen. Cooperation and competitiveness are ways to accomplish excellence (Miller, K., 2012). It unites different cultures and demographics together through technology (M O’Shaunessy, 2008).
• Dystopian view:
Conservatives fear that globalization will undermined the integrity of a country’s political and social institutions and may weaken its cultural fabric. Leftists are concerned about the prospect of political, technological and economic dependence. Others are concerned over our growing reliance on technology to address complex social and cultural problems (Miller, K., 2012). In addition to this, according to M O’Shaunessy, globalization is not a good thing as it represents the idea that it can be a strong method of social exclusion (2008).
Dystopian are concern about how the economy will be altered, following more emergence of globalisation influences. They are concern on homogenisation and mass production (M O’Shaunessy,
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4. Topic 4: Effects of Globalization in Communication
Mong proposes several ways that globalization influences organization communication (Miller, K., 2012):
• Globalization results in time and space compression changing communication patterns and perceptions. Space and time are no longer directly connected.
• Globalization enhances our sense of global consciousness and reflexivity. When we work in an organization that is global, multinational, or multicultural, we must be aware of the cultures of others and of our own attitudes, beliefs, and behaviors.
• Globalization leads to disembodied organization and people. In a global society behavior and interaction are often lifted from their local context and restructured across time and space.
In addition to these effects there are general patterns to consider in how people view the process and outcomes of globalization.
• Convergence:
It is an approach that emphasizes the need of organizations to adapt their practices to a global marketplace. This approach considers how an organization might adapt its practices to a global system that requires flexibility, responsiveness, speed, knowledge production and dissemination. The goal is to enhance organizational performance in the worldwide marketplace. Convergence theory explains that as national boundaries are eroded in political, technological and business arenas, so too local differences in culture will be eroded with the end result of being one ‘global’ culture (Morell,
Globalization is a trend that continues to advance and create a smaller world. This interaction and integration of global communities and economies has opened up new possibilities and has created many opportunities that once were not possible. Many of these possibilities have been positive, like free trade, global economic growth, an influx of integrated information, cultural intermingling, etc. Proponents of the globalization movement argue that it has the potential to make the world a better place to live and solve many deep-seated problems (Collins, 2015). However, globalization in and of itself has created problems or assisted in the advancement of problems that once were local to being a global problem. One of these consequences is human
It is interesting and very pleasant to see how people from across the world work together to come up with ideas that make their company the best in what they do. This interconnection among people and places throughout the world which is with increasing level is called globalization. Some people think of it as internationalization where people from different parts of the world work with each other to bring out something quite enjoyable. Before, each country had its own business which didn’t collaborate with anybody else but themselves within the country. Since globalization has spread quite far, there are numerus examples available in our world today. Globalization can be found in economics, blending of cultures, technology,
(Bilton et al 1996:5) The process of globalization has certainly had many changing effects to the world we live in; it has also changed the way many factors operate. Globalization is said "to have transformed the structure and scale of human relationships that social, cultural, political, and economic processes now operate at a global scale with a consequent reduction in the significance of other geographical scales. "(The Dictionary of human geography 2004:315) Globalization has had both positive and negative effects on a local, national, international and global level. Globalization often brings benefits at one level which cause negative effects at another, these results and the scale at which they manifest are often uncertain and unpredictable.
...o we can achieve our dreams in life: “we are now living in a world where time and space don’t matter anymore” just like J.Mittleman said. Globalization as we just learned is relative, whether it’s an opportunity or an exploitation depends on where you sit and how you look at the world. Kent, J., Kinetz, E. & Whehrfritz, G. Newsweek. Bottom of the barrel. - The dark side of globalization (2008/March24). David, P. Falling of The Edge, Travels through the Dark Heart of Globalization..Nov 2008. (p62)
In today’s continuously changing world, many experts say that globalization is what every business, organization, and nation should seek and welcome as a positive change. However, many people are unaware of the main focus and meaning of Globalization, especially in comparison to Localization. A large number of people believe that globalization is just another common word used to refer to changes and differences that cannot be explained or accounted for. Therefore, many different activities or changes are improperly labeled to be a part of or caused by globalization.
Globalization encourages worldwide business. Globalization is an efficient process by which all the nations of world will commonly try to set regular universal standards & regulations (both created & recommended) which will encourage business around different nations. Business around nations or elements crosswise over different fringes is called universal business. Economic globalization The expression "globalization" is generally utilized as a part of business rings and matters of trade and profit to depict the expanding internationalization of businesses for merchandise and administrations, the budgetary framework, companies and commercial ventures, innovation, and rivalry. In the globalized economy, partitions and national points of confinement have liberally diminished with the departure of tangles to market access.
Schaeffer, Robert K. "Globalization and Technology." Academic Search Complete. Phi Kappa Phi, 1 Nov. 2003. Web. 20 Apr. 2014.
Over the last couple of years, the world has become increasingly globalized. After the cold war, all parts of the world were attracted to the process of globalization. The effect of globalization is uneven in different parts of the world and globalization suggests a world full of persistent cultural interaction and exchange, contacts and connection, mixture and movement. Different people view globalization in different ways. Some people feel it has done more good than harm, while others believe it has done more harm than good. This essay will give a deep intuitive understanding of globalization, world systems, and how globalization has affected society, culture, economics, and politics.
Those who support globalization believe it is a positive concept because it promotes the diffusion of wealth, culture, knowledge, and technology. Proponents argue that the dissemination of information and wealth of this type will only benefit citizens, from the poorest in developing countries, to the wealthiest in established countries. In addition, they claim the integration of cultures and economies leads to the spread of information, which also increases religious, cultural, and racial tolerance. However, in spite of all these well-intentioned ideas, globalization h...
The term globalization is one that is an exceptionally wide-ranging term and it is used to explain a wide variety of definitions. Many people link the term globalization with the how the world is connected on an international and a local scale. One example of this is how Inda and Rosaldo illustrate globalization as being in “a world full of movement and mixture, contact and linkages, and persistent cultural interaction and exchange” (Inda and Rosaldo 4). On the other hand, they also imply that although movement and connections are prime components of globalization, disconnection and exclusion also form globalization (Inda and Rosaldo 30). Global flows of economic and social structures are not fluid and constant; they have the power to exclude and immobilize as well as enhance movement and include certain beings. In the 60s, the term `global village' was used by Ma...
Globalization is the connection of different parts of the world. Globalization results in the expansion of international, cultural, economic, and political activities. As people, ideas, knowledge, and goods move easily around the globe, the experiences of people around the world become more similar. (“Definition of Globalization“, n.d., ¶ 1)
To be successful in today’s global market, managers and leaders need to understand more than just technical skills. Managers and leaders should also understand globalization and organizational behavior. Globalization is the tendency of businesses, technologies, or philosophies to spread throughout the world, or the process of making this happen. The global economy is sometimes referred to as a globality, characterized as a totally interconnected marketplace, unhampered by time zones or national boundaries (Search CIO). Organizational behavior is a field of study that studies individuals groups, and structure. Organizational behavior applies the knowledge gained about individuals, groups, and the effect of structure on behavior in order to make organizations work more effectively (Robbins,2014).Gaining an understanding of globalization and its effect on organizational behavior is crucial to interacting effectively in the modern global economy. Globalization affects an organization’s behavior in several ways like stimulating hyper competitive pricing for a product or service, perpetuating continuous operations and communicating around the clock and globe, capitalism is replacing governmental control and organizations are no longer constrained by borders, and corporations are becoming more heterogeneous and adapting to people who are from different nationalities and cultures. To be successful in a global economy, professionals should have a thorough knowledge of sociology, psychology, communication, and management.
Many negative and positive thoughts have been given to the process of globalization. The proponents of globalization rather see the benefits of globalization, while the opponents have based their opinions on the disadvantages of globalization.
The interrelation and the integration of people, companies, governments and nations can be described as globalization. Globalization was produced due to international trade and investments with the help of technology. In today’s world, globalization is very essential. Advancements and technology help the process needed for globalization. Many countries and organizations similarly are affected by this phenomenon, on the other hand, smaller countries have benefited from larger contributors to the world’s market.
"Globalization is a process of world shrinkage, of distances getting shorter, things moving closer. It pertains to t...