Globalization

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Globalization, technologyDefinition Globalization? Meaning.

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?


Globalization Special Interest Group


Special Interest Group (210 members)


Forum about Globalization  

Discussions about Globalization.


7 Myths about Business Globalization
According to Subramanian Rangan in , there are 7 myths or misconceptions about (business) globalization: 1. Any company (...)
 
 
 
 
Globalisation of Labour
Hello, I am looking for the meaning of 'globalisation of labour'... Is its meaning that people can increasingly work in (...)
 
 
 
 
Global Tax on Wealth (Piketty)
Globalization has many economical and even social benefits, but also has its downsides. Like exploitation of labour, mak (...)
 
 
 
 
Is Globalization an Autonomous Process?
What does it mean for globalization to be an autonomous process vs. an intentional project? (...)
 
 
 
 
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 (...)
 
 
 
 
History of Globalization?
Who can give an overview of the history of globalization... thanks... (...)
 
 
 
 
Globalization in Higher Education
We are thinking about globalization/glocalisation from an industry point of view (manufacturing and services). But we ar (...)
 
 
 
 
Globalization and Differentiation
What is the relationship between differentiation, integration and globalization as issues in subsystems design? (...)
 
 
 
 
Research on Global Marketing
Hi all, I am an MBA student at Sheffield, U.K. I have a dissertation work to submit for my MBA course, I had decided a t (...)
 
 
 
 
Local R&D Support versus Global Valorization
Regions support local companies to do R&D and innovate (with subsidies, tax reduction) hoping that this will have a posi (...)
 
 
 
 
What is Globalisation? Definition and Types
Globalisation describes the process by which regional economies, societies, and cultures have become integrated through (...)
 
 
 
 
Barriers to Globalization. Obstacles
I'd like to have your ideas on what are the major hindrances to globalization? Thank you... (...)
 
 
 
 
Succesful International Business
What common attributes should a company have in order to be a successful global enterprice? (...)
 
 
 
 
Globalisation Changes the Rules of the Game
I think with what is going on all over the world in terms of changes, the rules of the game will change also. The social (...)
 
 
 
 
🔥 NEW One World, Two Management Systems
The China-US trade war makes us think how to operate and rule the world's affairs better for mankind. In the past 100 ye (...)
 
 
 
 
Currencies and Globalization
Can we have a global market when we still have different currencies? (...)
 
 
 
 
How Distances Still Matter in an Age of Globalization
Although globalization has increased global interconnectedness and interdependence of countries, and even if distances s (...)
 
 
 
 
Does Economic Progress Lead to Social Progress?
It is often assumed that in companies that upgrade economically for example by increasing the efficiency of their proc (...)
 
 
 
 
Mapping Out your Strategy to Win in the Frontier Economies
Global players in search for double-digit growth are believed to be running out of opportunities. As a result, multinati (...)
 
 
 
 
Globalization and Integration
Globalization (G) is a concurrent issue in this age of cultural revivalism. First, what is G and then what is integratio (...)
 
 
 
 

Best Practices about Globalization

Here you find the most valuable discussions from the past.


🥇 Disadvantages and Negative Consequences of Globalization. CONs
What are the main disadvantages and negative consequences caused by globalization? (...)
 
 
 
 
🥈 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 b (...)
 
 
 
 
🥉 Cultural Globalization
What is cultural globalization? (...)
 
 
 
 
Advantages and Benefits of Globalization. PROs
Whats are the main advantages and benefits achieved by globalisation? (...)
 
 
 
 
Globalization Forces
What are the main forces and influencing changes behind globalization? (...)
 
 
 
 

Expert Tips about Globalization

Here you will find advices by experts.


Nationalism and Patriotism in Corporate Brand Communication Strategies

Corporate Branding, Corporate Reputation, Corporate Nationality, Corporate Patriotism, Corporate Nationalism (...)
 
 

Going Global: Adaptation of Marketing Mix Components

Marketing Strategy, Global Marketing, International Marketing, Marketing Mix, 4Ps (...)
 
 

Three Dimensions in How Global Brands are Evaluated by Consumers

Global Branding, Corporate Reputation, CSR, Globalization (...)
 
 

Three Perspectives on Globalization

Teaching Globalization, Discussion (...)
 
 

Information Sources about Globalization

Here you will find powerpoints, videos, news, etc.


Management Across Cultures: Managing in a Global Context

Cross-Cultural Management, Cultural Dimensions, Cultural Intelligence, Multicultural Teams, Global Leadership, Global HR (...)
 

Doing Business Globally and Respecting Cultural Diversity

Globalization, Global Business (...)
 

How to Build a Global Organizational Capability?

MNCs, Multinationals, Multinational Companies, Globalization, International Leadership Development, Cultural Intelligenc (...)
 

Summary and Introduction to Globalization

Initial Understanding of Globalization, Start of Trainings, Workshops (...)
 

Debates around the Concept of Globalization

Discussion on Globalization (...)
 

Global HRM in a Globalized World

Globalization, Global Human Resource Management, International HRM (...)
 

Why does Greece have so much Debt?

Globalization, Financial Markets, Greece, Financial Crisis (...)
 

Your Organization in a Globalized World

Organizational Behavior, International, Hofstede, Organizational Culture, Globalization, Cultural Intelligence (...)
 

Piketty on Global Economical Inequality

Initial Understanding of Piketty's Theory on Inequality from his Book: Capital in the Twenty-First Century (...)
 

Corporate Diversity and Inclusion

Cross Functional Team, Organizational Culture, Globalization, Organizational Change, HRM, Cultural Dimensions (...)
 

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

Globalization, Capitalism, Inequality, Progressive Income Taxation (...)
 

Leading a 21st Century Global Organization

Global Leadership, Globalization, Multinational Corporations, MNCs (...)
 

Michael Porter on Competiveness of a Nation

Global Competition, Comparative Advantage, Competition Between Nations and Regions (...)
 

International Human Resource Management

Human Resource Management, Globalization, HR in Multinationals (...)
 

Your Organization Needs to Change its Strategy Implementation Method

Strategy Execution, Strategic Change, Change Management, Strategy Implementation (...)
 

6 CEOs on Aspects of Globalization

Introduction to 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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This ends our Globalization summary and forum.



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