In: Operations Management
What is globalization? What is multi-culturalism?
Globalization ,in simple words ,is making markets bigger but the world smaller. With the increased focus on growing ,companies are able to tap new markets and endeavor into new countries. Globalization allows companies to move out of their home nation into other opportunities in different countries. McDonald's, KFC etc are example of globalized companies.
Multiculturalism is a workplace or an atmosphere that is heterogeneous with employees of different cultures and backgrounds working together in harmony under one roof. This is a typical modern workplace where employees with different background traits work together. It is a culture that is promoted with the advancement of companies through globalization.