By understanding the different cultures, enables the organization to more effectively deal with the influences of globalization, for example, e.g. Political, economic, regulations, etc. Each of these components will exhibit some form of influence depending on the various type's cultures in which the organization’s conduct business. I believe globalization brings more benefits than drawbacks, and I hope globalization will develop more and more better in the
One of the most important forces that drive globalization is technological development. As technology advanced it gave the means to break the barrier of time and space which in its turn helped the national markets to integrate without difficulties as they could now collect worldwide information. Furthermore communication has become easier as well as faster through internet as it allows messages to be sent and be received at the same time with no delays. Transportation improved and lead to faster traveling as it reduced the time but it increased the efficiency of transferring. “Advocates and critics of globalization basically agree on the big forces behind it: a great freeing up of trade and capital flows; deregulation; the shrinking cost of communication and transportation; an IT revolution that makes it possible for companies to digitize the boundaries between design, manufacturing and marketing and to locate these functions in different places; and the availability of large numbers of workers and engineers in low-wage countries.” (Suzanne Berger 2005
Also, because of globalization international business grown, improved and removed a lot of obstacles when interacting with international markets. Then again, globalization can likewise be a significantly enhancing process, opening personalities to new thoughts and encounters, and fortifying the finest all-inclusive estimations of mankind. For the culture factor is like a code we as a human being live with. It also includes the arrangement of convictions, good values, conventions, dialect, and laws (or standards of conduct) held in like manner by a country, a group, or other characterized gathering of individuals. Globalization truly can affect anything in life both positively and negatively, but due to globalization people changed or because the culture factor changed or got affected by essence time.
Outsourcing is a common theme that increases the programmer’s time for brand products to reach the shelf. IT technology is able to streamline the process and overcome significant inefficiencies at the interfaces. The color management trend report states: “people want global applications in international networks and platforms that
These online sites are providing best deals to the consumer with a vast number of variety options from global market .Globalization has intensified the competition in the market with the fact that there are many new competitors across the world in addition to domestic competitors. Nowadays business is more challenging than ever before due to efficient distribution and transportation system. The making and receiving of payments are faster and more secure with the help of internet or mobile banking. Finances for the consumers and traders are readily available due to globalization of financial institutions. Financial institutions are willingly spreading their capital in the international market to reduce their overall level of risk.
Effectiveness of adaptive Leadership in turbulence environment of organisation *Ms. Anju Bharti Abstract: The new generation is witnessing a revolutionary advancements in industrial and information technology as the globalization of international trade is creating more complex flows of people, goods, funds, and technology across national and political boundaries. To cope up with these needs, we require leaders with empathy, drive, integrity, and courage – across society and throughout organisational hierarchies – whose core purpose is to make a positive difference in the lives of others(D. Scott DeRue, Gretchen Spreitzer,
Globalization encourages integration between government, businesses and common people from all over the world, which is a product of interchanging ideas and mutual sharing of views. Globalization can also be defined as bringing the world together or connecting to the world through defined systems (Cohen, 2013). Globalization can be facilitated by the Internet or by some other networking medium. The technological
The positive effects are that globalization put new challenges on the existing accounting standards and also creates new career opportunities. People who take this change in a positive manner tend to succeed while others who take
James (2014) defines globalization as the process of interaction between people from one country to another and how they exchange goods, ideas, and culture and integrate different governments across national boundaries. This process is driven by international trade and investment and is associated with information technology which makes such interchange possible (James, 2014). Hamdi (2015) also defines globalization as the process of economic, political and cultural integration worldwide. Through globalization, the borders between countries are broken down and the development of transport and communication technology has tremendously increased overtime. In this regard, globalization significantly affects the environment, the political system, and the economic development and prosperity of countries all over the world.
But with the globalization businesses grown and the products also get improved with the technology and many ways. Now days the people lived with a busy schedule in their lives, people also globalized. People always try to do their life easy by purchasing good products with more facilities and ect. It changed with the globalization. Consumer taste changed time to time mostly with the rapid change in technological