Why it might be problematic to transfer it to business / Why it might be a good idea to transfer it to business 1. Transfer Swarm Intelligence to Business (Martin) Companies in almost every industry operate in an increasingly dynamic and agile environment with volatile conditions. The global markets are progressively saturated and the competition regarding market share increases. This urges the need for a successful differentiation from competitors. Furthermore, the intensified competition and the changing consumer behavior, lead to additional pressure for companies.
Nowadays, many organizations are becoming global, international or multinational, so they need to manage the human resources in order to manage the diversity at the workplace. People in these types of organizations are categorized based on the cultural differences, background, gender, age or religion (Kossek, Lobel, & Brown, 2006). The organizations that deal with diverse people are maximizing the employee's experiences and skills and ignoring their origin, nationality or other differences. The workplace diversity helps the employees on the organizations to collaborate with other people from different cultures and nations. As a result, the workplace productivity and profitability will increase through learning and gaining knowledge from each other (Kossek, Lobel, & Brown, 2006).
Globalization is the circulation of ideas and culture in a global scale. It has made the world become increasingly interconnected as a result of increased trade and cultural exchange. Culture can be defined as shared patterns of learned behaviour, attitudes and knowledge. Some of the positive impacts of globalization is that it helps spread culture globally, exposing other people to different cultures, it also instils common values and interest in people creating a more united society. However, globalization also diminishes the presence of local culture in favour of a more influential one and homogenizes society.
This includes Economies of scale, competition and investing. Economies of scale: With an expanded market, member countries can penetrate local industries and other member countries more freely, enabling producers to obtain scale benefits, eg. Increase in production to reduce unit cost of products by specialization (labor and capital). Competition: An expanded market can promote competition among manufacturers in a trading block. Local manufacturers must become more competitive or may run out of business with less limited trade.
People can understand more about a country or city through heritage. Most importantly, it is the precious asset for the present and future generation. Cultural heritage is a sense of cultural idenity. Under globalization, it becomes the key role in city development as well as a tool to boost economic growth and empowerment. Since cultural heritage is being more prominent, more questions are rise on how to preserve cultural heritage, in order to protect the cultural identities and characteristics while also fostered tourism development.
4.The government can determine the price of goods and services. What are the advantages and disadvantages of a market economy? Advantages: -Competition between different firms leads to increased efficiency, as firms do whatever is necessary. -Most people work harder because of the threat of losing their job. -There is more innovation as firms look for new products to sell and cheaper ways to do their work, which leads to a greater variety of consumer goods becoming available due to competition between companies.
Tourism has direct and indirect impact on the economy and society by creating job opportunity, generating revenue and profit, while on other picture tourism brings in negative effects like environmental problems, cultural erosion and most importantly crime rates due to its overwhelming expansion. At present, tourism has been contributing to different countries
Globalization is right for sure countries, along with the ones within the evolved world or global North where wealthy countries just like the U.S., united kingdom, and Germany can sell extra products and items to new markets inside the global South or poorer nations which include the Philippines and Indonesia. Globalization plays a vital function in presenting no longer only products and services but also method of living and the manner of boom and improvement. the following are some of the monetary benefits of globalization in connection to overseas groups: • Reduces worldwide poverty via imparting work to people. • Contributes to the spread of era by way of introducing new techniques of development. • Provides to the profitability of companies and agencies via earnings and global income.
The interesting interaction of entrepreneurship and economic development has vital inputs for policy makers, development institutes, and business owners. If we understand the benefits and drawbacks, a balanced approach to nurturing entrepreneurship will definitely result in a positive impact on economy and society. Entrepreneur’s contribution to the economy is of huge value. The entrepreneur is vital to the economic growth of the country. Their products are valuable to the overall development of the society.
An organizational behavior audit is conducted within an organization to create an enhanced understanding of the organization’s environs and how the employees or staff will interrelate with it. Organizational behavior audit is very necessary in every organization as this aids management or team leaders to know what trend to take or decision to make in order for the organization to have continuity for a long period of time. Organizational behavior matters at every level within the organization and even at critical levels. Organizational behavior audit helps the organization to be more engaged with its members because the results of the audit helps them to get along with individuals and groups in the organization by getting job done greatly and effectively which also aids in the reduction of stress levels for the employees as their concerns will be resolved. This also helps management in making more effective decisions and working effectively within the various teams or individuals as the audit will help to greatly address all issues or concerns.