Is Globalization a threat or opportunity for management and their business organizations? Discuss in the context...

Is Globalization a threat or opportunity for management and their business organizations? Discuss in the context of contemporary global marketplace.

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Expert Solution

Globalization is an opportunity for management and the business organization and the reason provided below:

1. Globalization is a system through which businesses set up their units in other countries with a localized touch to it. It includes Manufacturing and trading between countries, Multinational organizations set up at different countries and foreign investment.

2. The main objective of global management strategies is to expand market, Save Cost by saving labor and operational cost, build workforce and International relations etc.

3. Modern workforce is a set of young generation people who are employed by multinational companies and connect them through a global system of networking. They are appetite for learning technologies and innovating through those new technologies becomes a major reason for achievement of global strategies.

4. By engaging and integrating a global workforce the most important challenge for human resource management is addressed and through which it becomes easy to achieve global strategies. Typically this generation understand the working style of a multinational organization and quickly adapts to a different culture and work style and hence very important in achieving global strategies.

keosha answered 9 months ago

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