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Introduction What is globalization
What do you understand by globalization
What do you understand by globalization
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Define and explain globalisation, then critically evaluate and illustrate the impact globalisation has had on a particular business, the industry it operates in, its country of origin and the country or countries the business has expanded into.
In this paper I will be discussing how globalisation has impacted the Music Industry in recent years, and in particular the multi-national giant Universal Music Group (UMG). Globalisation is a noun that is hard to define; it has many definitions depending on which scholar you talk to, which dictionary you reference, and the viewpoint you take. The Oxford dictionary will tell you that globalisation is “the process by which businesses or other organisations develop international influence or start operating on an international scale” (Definition of globalization in English). People’s perspectives on defining the word vary depending on the place they were born, where they have lived, the religion they follow, their social status, political ideology, cultural background and wealth, amongst other things, because all of these will affect whether they view globalisation to be a positive or negative occurrence. My favourite definition comes from Kenichi Ochmae; a Japanese organisational theorist most recognised for introducing Japanese management methods, such as the just-in-time method of production, to the Western world. In 1992, Ochmae said that globalisation is the “onset of the borderless world” (Al-Rodhan, 2006). This is my preferred explanation of globalisation because it is so simple to digest. From the phrase “borderless world” alone you can begin to understand exactly what globalisation is all about, however the simplicity of this definition is also its downfall because it is very non...
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...ndi, a Paris-based multi-national who in 2012 declined an offer of 8.5 billion US$ for the company from SoftBank (Staff, 2013). Universal Music Group operates in over 60 countries across the world – with its corporate headquarters located in Santa Monica (California) and Broadway (New York City) (FAQ's, 2014). The firm owns many hugely successful record labels including Deutsche Grammophon Capitol Records, Decca, Def Jam Recordings, EMI Records, Interscope Records, Island Records, Mercury Records, Motown Records, Polydor Records, Republic Records, Virgin Records and many more. This puts them is an extremely fortunate position in the music industry because they own many back catalogues of artists who have experienced huge fame and have the ability to attract new talented artists because of their history and the prestige linked to the names of the labels they own.
Globalisation, in the simplest sense, is economic integration between countries and is represented by the fact that national resources are now becoming mobile in the international market. Globalisation sees: an increase in trade of goods & services through the reduction of trade barriers; an increase in financial flows through the deregulation of financial institutions and markets and floating of currency; an increase in labour
The music industry is an ever-evolving revolutionary entertainment industry for the masses. Music provides entertainment to all different masses due to the variety of genres produced. Music is a very profitable and complex industry. Music has expanded to a worldwide industry for musical artist to express their art through the form of song to the masses. Music not only appeals to the ears but to every aspect of a person. Music allows for individuals to explore and let their imagination expand as they here a song. Throughout the years the industry has undergone dramatic changes. Whether it is genres, forms of how it is distributed, or even the impact the artist have had. The industry is diverse and ever changing as the years continue. In the past 20 years the industry has changed with help of the technological breakthroughs and adoptions.
In this essay I will give a detailed explanation of what sociologists mean by the term ‘globalisation’ and how they have tried to explain it.
Globalisation is a post-modern phenomenon caused by the transitional activities toward modernization via markets. As Professor Leslie Sklair defined it: “Globalisation in a generic sense, which is too often confused with its dominant actually existing type, capitalist globalization, is defined here in terms of (i) the electronic revolution; (ii) post colonialisms; (iii) the creation of transnational social spaces; and (iv) qualitatively new forms...
New cultural forms will be born in this mixture of cultures. This impacts upon all media products, such as music and film. Different cultures are not mutually exclusive according to this model. Globalization provides more opportunities for different cultures to contact and mix with each other. A new term – glocalization – has been created to describe this process (Lule, 2012).
These contribute largely while building a methodological structure, while analysing the impact of globalisation at the socio-cultural level. Further they play a dominant role in identifying parameters and issues which as key elements portray a holistic image of the given time. Thereby, just as the way we looked at the 1940s as the starting point to study economic globalisation, we shall take a look at the then existing social and cultural phenomenon, through a broader temporal understanding, to trace the changes over the later decades. To mention again, unlike the tracing of the economic phenomenon as a step by step mentioning of the historic happenings, pinpointed in an episodic manner, the socio-cultural changes are dealt with through a broader and more generalised happenings, as these capture the core and the essence of the then lived experience, given which a one by one exemplification doesn’t seem as relevant and necessary. Further the sheer volume and large variety can lead to confusion.
The influence that music has throughout the world is immeasurable. Music evokes many feelings, surfaces old memories, and creates new ones all while satisfying a sense of human emotion. With the ability to help identify a culture, as well as educate countries about other cultures, music also provides for a sense of knowledge. Music can be a tool for many things: relaxation, stimulation and communication. But at the same time it can also be a tool for resistance: against parents, against police against power. Within the reign of imported culture, cross cultivation and the creation of the so-called global village lies the need to expand horizons to engulf more than just what you see everyday. It is important to note that the role of music in today’s world is a key tool in the process of globalization. However, this does not necessarily provide us with any reasons that would make us believe that music has a homogenizing affect on the world.
Globalization remains a pivotal topic in many schools of thought, and continues being a topic of controversy even in local economies today. Perhaps the reason for this is integration and competitiveness the world over. Conceivably, even more than integration, is the competitiveness of organizations, has possibly facilitating the fascination and misconception about of globalization. Nevertheless, globalization has brought about a number of effects influencing the design and geographical location of the organization. However, globalization has effectively placed the world in a bubble, or maybe one could equate the changes to being placed in an envelope.
Globalisation refers to the process of the integration of economic, political, social and cultural relations among people, companies and governments of different nations and countries. It is a process aimed improving international movement of goods, services, labour and capital. This process also has a direct impact on the environment, culture, political systems, economic development and prosperity, and a human physical wellbeing of societies in the world.
In the 21st century, globalisation is a term that keeps being frequently used, thus the need to comprehend and grasp its true significance in our society has become vital. The concept of Globalisation and the connotations it carries have become very complex. In its most simplistic form, the term globalisation can be defined as ‘the cross national flows of goods, investment, production and technology’ (Petras, 1999). Generally, it can be said that the complexity of globalisation reflects the growing intricacy of contemporary society. The term globalization describes the process of the deepening, broadening and speeding up of the world in all aspects of modern life. Globalisation captures elements of a contemporary world that is being sculpted
Globalization plays a massive part in my life as it does in everyone’s lives. Every day the world is getting smaller, between technological improvements and peoples interest in these technologies it is easy to see why this is happening. In this essay I have only shortly touch upon some of the places where globalization has affected my everyday life. From shopping as Asda to meeting people on the other side of the world to discuss my dissertation ideas globalization has had a positive affect on my life. The fact that I can walk down a street in Coleraine or Sydney and see similar shops and food outlets is a positive thing in how our lives are intertwined through out the world.
Globalisation is a very complex term with various definitions, in business terms, “globalization describes the increasingly global nature of markets, the tendency for transnational businesses to configure their business activities on a worldwide basis, and to co-ordinate and integrate their strategies and operations across national boundaries” (Stonehouse, Campbell, Hamill and Purdie, 2004, p. 5).
There has been a marked trend towards increasing globalisation over the past 50 years. The world has become increasingly integrated and interdependent; and business, trade and politics no longer apply to one country alone. There is no universally agreed definition of globalisation, and there are many different controversial views on the subject. The Organization for Economic Co-Operation and Development (OECD) defines globalisation as “an increasing internationalisation of markets for goods and services, the means of production, financial systems, competition, corporations, technology and industries” (OECD 2001). Globalisation is not a new concept, however, there have been two periods of significant increasing trends in globalisation: during the 19th century industrial revolution and the present day since the 1980s. Both of these periods are times of substantial technological advancement which could be connected to the driving force of globalisation. However, the lifting of political and economic barriers, foreign direct investment and increasing foreign demand are all factors which could be the driving force of globalisation which might not be related to improved technology at all (WTO 2008).
Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.
Globalization is a global process that is changing the world. I would also like to discuss what are the benefits and drawbacks of globalization in the world from different perspectives.