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:
Globalization of Production: encouraged by the cost
advantages that can be won by establishing an international production network.
Globalization of Products: favored by the significant
rise in costs generated through the constant need to present ever-newer
products.
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:
Globalization of Services
Globalization of Labor, work, people and talent
Globalization of the Financial System, banking and insurance
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.
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?
Autonomous Process vs. Intentional Project: Is G.
an unintended process, or is G. a deliberate, ideological project of economic
liberalization?
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?
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?
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?
Strategies to Win in Frontier Economies
Global players in search for double-digit growth are believed to be running out of opportunities. As a result, multinationals are turning to so called "frontier economies" as both new product markets ...
Benefits of Supporting R&D Activities by Governments
(Regional) governments often support local companies to do R&D and innovate with subsidies, tax reduction. They are hoping that this will have a positive return for the country / region, like more emp...
Why Distances Still Matter in an Age of Globalization
Although globalization has increased global interconnectedness and interdependence of countries, and even if distances seem to vanish, in doing global business there are 4 types of distances that cert...
Globalization After COVID-19: In-house Manufacturing or Outsourcing?
The drums are beating for manufacturing to return to their respective countries or move out of China without giving a definitive location because of the latest pandemic. Japan has expressed that they ...
Decoupling or Not? Strategies for Foreign Companies in China
I just finished reading a very good article about globalization strategies by Professors Stewart Black and Morrison.
Like any other investment, when companies are investing in China companies should ...
The best, top-rated topics about Globalization. Here you will find the most valuable ideas and practical suggestions.
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7 Myths about Business Globalization
According to Subramanian Rangan in Mastering Strategy, there are 7 myths or misconceptions about (business) globalization:
1. Any company with money can go global (you have to study foreign markets b...
Globalisation of Labour
Hello, I am looking for the meaning of 'globalisation of labour'... Is its meaning that people can increasingly work in any country of their choice? Thanks......
Global Tax on Wealth (Piketty)
Globalization has many economical and even social benefits, but also has its downsides. Like exploitation of labour, making the rich richer and multinational corporations increasingly influencing poli...
Is Globalization Ethical?
We speak a lot about ethics. Now, if we are asked whether globalization is ethical, what should be our answer?
It had benefits as well as disadvantages as many domestic players are ruined by the fore...
What Leadership Qualities are Required in Global Firms?
Bishop (2013) argues that in our global and dynamic world, leaders of international organizations require five elements or characteristics to successfully lead their organizations in today’s global en...
Globalization in Higher Education
We are thinking about globalization/glocalisation from an industry point of view (manufacturing and services). But we are very slow in the education industry to implement this paradigm shift, especial...
Corporate Branding, Corporate Reputation, Corporate Nationality, Corporate Patriotism, Corporate Nationalism Past research in market communication revealed that many consumers prefer to purchase domestic brands because they want ...
CSR, Shared Value, Public-Private Partnerships, Poverty Reduction, Combating Global Inequality A study by Kaplan, Serafeim & Tugendhat (2018) finds that most corporate social responsibility (CSR) programs they analy...
Marketing Strategy, Global Marketing, International Marketing, Marketing Mix, 4Ps As we all know, companies that conduct business internationally are often adapting their products to the markets served....
Global Branding, Corporate Reputation, CSR, Globalization Holt et al. (2004) researched how people evaluate and value global brands. They found out that 3 main characteristics ar...
Teaching Globalization, Discussion In the book “Introducing Globalization: Analysis and Readings”, three different and competing perspectives on the concep...
Information Sources
Various sources of information regarding Globalization. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops.
Cross-Cultural Management, Cultural Dimensions, Cultural Intelligence, Multicultural Teams, Global Leadership, Global HR This presentation consist of six sections that together form an extensive description of management across cultures. The...
Globalization, Global Business Presentation about doing business in a global world and highlights the importance of cultural diversity and global etiqu...
MNCs, Multinationals, Multinational Companies, Globalization, International Leadership Development, Cultural Intelligenc A. How to build a global leadership group in which people can cope with the complexity of working globally?
1. Re...
Initial Understanding of Globalization, Start of Trainings, Workshops Advantages in technology made the growth of transport and communication possible. Now companies and individuals can exch...
Discussion on Globalization Interesting presentation about the main debates around the concept of globalization, by L. Van Grunsven, G. Van Westen a...
Globalization, Global Human Resource Management, International HRM Presentation that introduces the concept of international HRM. The presentation includes he following sections:
1. Intr...
Globalization, Financial Markets, Greece, Financial Crisis With almost 400 billion dollars in debt, choices around Greece`s future could perhaps create another international reces...
Organizational Behavior, International, Hofstede, Organizational Culture, Globalization, Cultural Intelligence Presentation about organizational behavior in an age of globalization. The presentation includes the following sections:...
Initial Understanding of Piketty's Theory on Inequality from his Book: Capital in the Twenty-First Century In this video, French economist Thomas Piketty explains some key ideas from his best selling book: Capital in the Twenty...
Cross Functional Team, Organizational Culture, Globalization, Organizational Change, HRM, Cultural Dimensions In this introduction video, top managers of Skanska share their vision on Diversity and Inclusion and the strategic impo...
Globalization, Capitalism, Inequality, Progressive Income Taxation In this 20-minute video, French economist Thomas Piketty explains the main idea from his book Capital in the Twenty-Firs...
Global Leadership, Globalization, Multinational Corporations, MNCs William Fung Group, Managing Director of Li & Fung Ltd, recommends to be successful in a global business leaders have to...
Global Competition, Comparative Advantage, Competition Between Nations and Regions Harvard Professor and Co-leader of the US Competiveness Project Michael Porter argues competitivess of a region/nation o...
Human Resource Management, Globalization, HR in Multinationals Presentation about HRM in an increasingly globalized environment. The presentation includes the following sections:
1. ...
Strategy Execution, Strategic Change, Change Management, Strategy Implementation Dr. John Kotter explains most clearly how the rate of change of events, technology, globalization, products and markets ...
Introduction to Globalization Six Global Business Leaders each give a short statement on what they think about globalization and what it means to thei...
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