Developed Country and Globalization
Organization Culture
May Abd-El-Hady
Contemporary Management
2/17/2012
Globalization
Kofi Annan once said: - Globalization is a fact of life, but I believe that we have underestimated its fragility”. Globalization is a new term that has found a significant place in the lives of the people, what is globalization? How can we feel its effect on our everyday’s life? What are its pros and cons? What’s its effect on companies SWOT analysis? All of this questions will be discussed throughout this few pages.
Everyone experiences the effect of globalization and international transaction every day, as you wake up by an GE alarm which has made in china, then you have coffee using your Black and Decker coffee maker made in the United States, you check your Nokia mobile phone that has been designed in Finland, manufactured at the united states, using parts from Taiwan, and so on, it feels like we are taking a virtual trip around the world every day. By globalization, we mean shedding down the walls of distrust and the barriers of suspicion in between countries, to make a bridge where ideas and beliefs can cross the borders. Though globalization today primarily covers the economical side, the impact is not limited to the economy only. It actually affects every aspect of life, like cultural, social, psychological and of course, political. While globalization is seen as a sign of a hopeful future by some, there are others who believe that it can cause tremendous disaster for the world economy. The major boom at the information technology felid, also the ability to acquire talents with the off shoring solutions, and the drastic reduction at trade barriers by institutions such as The General Agreement on Tariffs and Trade and The World Trade Organization are the major forces driving globalization.
One of the main events resulted from globalization, is the huge increase at off shoring business. Off Shoring simply mean locating the business at another place, at old
May Abd-El-Hady
Contemporary Management
2/17/2012
Globalization
Kofi Annan once said: - Globalization is a fact of life, but I believe that we have underestimated its fragility”. Globalization is a new term that has found a significant place in the lives of the people, what is globalization? How can we feel its effect on our everyday’s life? What are its pros and cons? What’s its effect on companies SWOT analysis? All of this questions will be discussed throughout this few pages.
Everyone experiences the effect of globalization and international transaction every day, as you wake up by an GE alarm which has made in china, then you have coffee using your Black and Decker coffee maker made in the United States, you check your Nokia mobile phone that has been designed in Finland, manufactured at the united states, using parts from Taiwan, and so on, it feels like we are taking a virtual trip around the world every day. By globalization, we mean shedding down the walls of distrust and the barriers of suspicion in between countries, to make a bridge where ideas and beliefs can cross the borders. Though globalization today primarily covers the economical side, the impact is not limited to the economy only. It actually affects every aspect of life, like cultural, social, psychological and of course, political. While globalization is seen as a sign of a hopeful future by some, there are others who believe that it can cause tremendous disaster for the world economy. The major boom at the information technology felid, also the ability to acquire talents with the off shoring solutions, and the drastic reduction at trade barriers by institutions such as The General Agreement on Tariffs and Trade and The World Trade Organization are the major forces driving globalization.
One of the main events resulted from globalization, is the huge increase at off shoring business. Off Shoring simply mean locating the business at another place, at old
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