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Written assignment 1 - Globalization and Its Effect on the...

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Globalization and Its Effect on the Workplace 1 Globalization and Its Effect on the Workplace Dustin Taylor Thomas Edsion State College MAN-372-OL International Management
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Globalization and Its Effect on the Workplace 2 Abstract Globalization has been a major reason that the economies of many countries have changed over the last three decades. Do people really understand what globalization really is? Do they know what causes it? Is it good, or is it bad? This paper helps define globalization, along with listing and explaining several factors that have been instrumental in driving globalization. It also discusses how countries with differing political and economic issues are dealing with globalization and the positive and negatives associated with it. Globalization presents a number of new problems for managers, and this paper discusses those problems and offers solutions to help deal with them.
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Globalization and Its Effect on the Workplace 3 Globalization and Its Effect on the Workplace Introduction Over the past thirty years we have seen a dramatic shift in the economies of many countries. Many economies used to be self contained and constrained by a number of issues keeping them from becoming global (Hill, 2011), while today that is not the case. The process of globalization has allowed most countries to expand beyond their borders and enjoy prosperity about which they had previously only dreamed. These new opportunities also present a new set of challenges for businesses and the management in charge of making decisions. Globalization Our textbook defines globalization as a shift toward a more integrated and interdependent world economy (Hill, 2011). This involves a high level of interaction between people, governments, and the companies of many different nations. While globalization may have become a phenomenon over the past 30 years, the concept itself, is not new. For instance, during the middle ages, China and Europe conducted trade via the Silk Road that ran across Central Asia (What is globalization?). Globalization is made up of several different facets, including the
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This note was uploaded on 07/13/2011 for the course MAN 372 taught by Professor Toops during the Spring '11 term at Edison State College.

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Written assignment 1 - Globalization and Its Effect on the...

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