Management and Glabalisation

In: Business and Management

Submitted By suzgodan
Words 3541
Pages 15
The world is a constant changing place, changes occur all the time; some expectedly and others unexpectedly, some of the changes have had a huge impact on the way that man lives life. One of the changes in the world that has a strong bearing on man’s life is globalisation, it helped change the way man consumer’s products and interacts with his surroundings. Globalization is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture (Al-Rodhan, 2006). Advances in transportation, such as the steam locomotive, steamship, jet engine, and container ship, and in telecommunications infrastructure, including the rise of the telegraph and its modern offspring, the Internet, and mobile phones, have been major factors in globalization, generating further interdependence of economic and cultural activities (Albrow,1990).
The concept of globalization 'emerged from the intersection of four interrelated sets of "communities of practice": academics, journalists, publishers/editors, and librarians (Paul,2014). In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people, and the dissemination of knowledge(IMF,2000). Further, environmental challenges such as global warming, cross-boundary water and air pollution, and over-fishing of the ocean are linked with globalization (Bridges,2002). Globalizing processes affect and are affected by business and work organization, economics, socio-cultural resources, and the natural environment.
Since time in memorial humans have attempted to interact over distant places, to satisfy their needs, from the times preceding that of people like Vasco Da Gama. The overland Silk Road that connected Asia, Africa, and Europe is a good example of the…...

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