Globalization

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Description of Globalization. Explanation.

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Globalization, technologyDefinition Globalization. Description.

Globalization is the broad process of global integration, interconnectedness and interdependence of international business, economic activities, societies and cultures. It includes an increase of international:

  • Trade and competition

  • Production and industrial markets
  • Products and services
  • Migration, labor force movement and job markets
  • Investments and financial markets

  • Technology usage and R&D
  • Legislation and justice
  • Exchange of ideas, information and knowledge

  • Lifestyles and cultures

  • Politics and political structures

types of Globalization. Dimensions

In a 1996 AMR article Taylor, Beecheler and Napiet distinguish 3 globalization dimensions:

  1. Globalization of Production: encouraged by the cost advantages that can be won by establishing an international production network.

  2. Globalization of Products: favored by the significant rise in costs generated through the constant need to present ever-newer products.

  3. Globalization of Markets: access to more and more foreign markets since the fall of international trade barriers, creating new opportunities as well as stiffening competition.

Other major dimensions that can be distinguished are:

  1. Globalization of Services
  2. Globalization of Labor, work, people and talent
  3. Globalization of the Financial System, banking and insurance
  4. Globalization of Information, knowledge

Reasons for globalization. Causes

This increasing world-wide integration of markets for goods, services, labor and capital is caused by developments in:

  • Modern communication technology (TV, Internet, Google, social networks, mobile phones).

  • Transport mechanisms.

  • Freer international capital flows.

  • Changes in economic, cultural, political, social, and legal systems.

Debates on Globalization. Opinions and Conflicts

An important consequence of globalization on businesses is the increased power that multinational organizations have. This in turn has led to an increased call for Corporate Transparency, Corporate Accountability, Corporate Responsibility, Stakeholder Management and Shared Value. A number of paradoxes are relevant:

  1. New Era vs. Business as Usual: Is G. a new global age, or is there really nothing new under the sun and will governments and regions retain distinct strengths?

  2. Autonomous Process vs. Intentional Project: Is G. an unintended process, or is G. a deliberate, ideological project of economic liberalization?

  3. Hard vs. Soft: Is G. caused by the pursuit of material interests or is G. rooted in an expanding consciousness of living together on one planet?

  4. Good vs. Bad: Is G. to be celebrated because of product progress, better democracy, empowering of people, or is G. dangerous because of its consequences for the well-being of various groups, the sovereignty and identity of countries, the disparities among peoples, and the health of the environment?

  5. Global Sameness vs. New Differences: Does G. lead to cultural homogeneity, or will G. lead to new mixtures of cultures and is integration likely to provoke a defense of tradition?


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Globalization Special Interest Group


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Best Practices - Globalization Premium
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Expert Tips - Globalization Premium
 

Nationalism and Patriotism in Corporate Brand Communication Strategies

Past research in market communication revealed tha...
Usage (application): Corporate Branding, Corporate Reputation, Corporate Nationality, Corporate Patriotism, Corporate Nationalism
 
 
 

Going Global: Adaptation of Marketing Mix Components

As we all know, companies that conduct business in...
Usage (application): Marketing Strategy, Global Marketing, International Marketing, Marketing Mix, 4Ps
 
 
 

Three Dimensions in How Global Brands are Evaluated by Consumers

Holt et al. (2004) researched how people evaluate ...
Usage (application): Global Branding, Corporate Reputation, CSR, Globalization
 
 
 

Three Perspectives on Globalization

In the book “Introducing Globalization: Analysis a...
Usage (application): Teaching Globalization, Discussion
 
 

Resources - Globalization Premium

Management Across Cultures: Managing in a Global Context

This presentation consist of six sections that tog...
Usage (application): Cross-Cultural Management, Cultural Dimensions, Cultural Intelligence, Multicultural Teams, Global Leadership, Global HR
 

Doing Business Globally and Respecting Cultural Diversity

Presentation about doing business in a global worl...
Usage (application): Globalization, Global Business
 

How to Build a Global Organizational Capability?

A. How to build a global leadership group...
Usage (application): MNCs, Multinationals, Multinational Companies, Globalization, International Leadership Development, Cultural Intelligenc
 

Summary and Introduction to Globalization

Advantages in technology made the growth of transp...
Usage (application): Initial Understanding of Globalization, Start of Trainings, Workshops
 

Debates around the Concept of Globalization

Interesting presentation about the main debates ar...
Usage (application): Discussion on Globalization
 

Global HRM in a Globalized World

Presentation that introduces the concept of intern...
Usage (application): Globalization, Global Human Resource Management, International HRM
 

Why does Greece have so much Debt?

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Usage (application): Globalization, Financial Markets, Greece, Financial Crisis
 

Your Organization in a Globalized World

Presentation about organizational behavior in an a...
Usage (application): Organizational Behavior, International, Hofstede, Organizational Culture, Globalization, Cultural Intelligence
 

Piketty on Global Economical Inequality

In this video, French economist Thomas Piketty exp...
Usage (application): Initial Understanding of Piketty's Theory on Inequality from his Book: Capital in the Twenty-First Century
 

Corporate Diversity and Inclusion

In this introduction video, top managers of Skansk...
Usage (application): Cross Functional Team, Organizational Culture, Globalization, Organizational Change, HRM, Cultural Dimensions
 

Lecture by Thomas Piketty on Capital in the Twenty-First Century

In this 20-minute video, French economist Thomas P...
Usage (application): Globalization, Capitalism, Inequality, Progressive Income Taxation
 

Leading a 21st Century Global Organization

William Fung Group, Managing Director of Li & Fung...
Usage (application): Global Leadership, Globalization, Multinational Corporations, MNCs
 

Michael Porter on Competiveness of a Nation

Harvard Professor and Co-leader of the US Competiv...
Usage (application): Global Competition, Comparative Advantage, Competition Between Nations and Regions
 

International Human Resource Management

Presentation about HRM in an increasingly globaliz...
Usage (application): Human Resource Management, Globalization, HR in Multinationals
 

Your Organization Needs to Change its Strategy Implementation Method

Dr. John Kotter explains most clearly how the rate...
Usage (application): Strategy Execution, Strategic Change, Change Management, Strategy Implementation
 

6 CEOs on Aspects of Globalization

Six Global Business Leaders each give a short stat...
Usage (application): Introduction to Globalization
 
 

News about Globalization


     
 

Videos about Globalization


     
 

Presentations about Globalization


     
 

More about Globalization


     

Compare with: Cultural Dimensions  |  Cultural Intelligence  |  Competitive Environment  |  Macro-Environment  |  Economies of Scale  |  Emerging Markets  |  Nationalization  |  PEST Analysis  |  Bottom of the Pyramid  |  Glocalization

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