Discussion Of The Elements Of Globalization Concepts
Elements – Globalization
Purpose
• Collaboration and expansion into different parts of the world.
• Expand the knowledge base of manager to include global business operations. This is done by studying the culture, business culture, and how to streamline and combine two different cultures.
Questions and Issues
• Lack of experience of managers within a company that are trained for global management.
• Cultural difference between managers in US and other countries.
• Communication as well as technology restraints can affect globalization.
Concepts
• Globe project was created by scholars to create and validate theory of the relationship between all of the elements that affect globalization.
• Dimensions were identified and created from the finding of The Globe Project. These dimensions included, performance orientation, uncertainty avoidance, assertiveness, power distance, gender egalitarianism, institution collectivism, future orientation and global ventures gone awry.
Assumptions
• A company can seek managers that already possess global training.
• With creation of the 9 dimensions employers can focus on the points, by addressing and training managers.
• The Globe project can help identify a company’s “weakness” in global business.
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You combine the views of the company and add views from another region in hopes of creating a better product. By collaborating and sharing ideas with each other, you have the ability to share your thoughts, processes. This can be beneficial since you may have different types of skill on each side of the fence. Oversees maybe have greater knowledge in how to manufacture the product while the home office can do a better job at the technology level. Basically, you are combining two worlds, cultures and expertise to enhance your overall business
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