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Globalization

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Globalization
Until recently, the number of corporations involved in foreign markets was very small. The emergence of cheaper labor in countries such as China and India, most firms are involved in the global market in one way or another. In the same time span technologies such as the internet and cell phones has made it much easier for a firms employees living in different countries to work together. The world of organizations is no longer limited by the boundaries of a nation. Most managers understand what it takes to lead employees under the American culture, but management is not universal across all cultures. Managing employees in a global workforce leads to more forms of communication, working around time zone differences and sometimes even relocation. Communication between employees is important to the success of a group working on a firm’s project. When the employees have no way of communicating in person it creates issues in timeliness and understanding. In a global workforce a manager must use technologies such as email, video teleconferencing, cell phones and other forms of communication to reach an employee living in a foreign country. Although in today’s world of technological advancements, it is still a challenge planning and executing projects with employees who live in different cultures and time zones. If implemented correctly the use of a diverse pool of employees can create great benefits of a firm. Some of the benefits can include a larger number of qualified candidates a firm can choose from. The talent of firm’s employees can be one of the main driving forces for a firm’s success. Workers with different cultures, backgrounds and experiences can also help foster a creative and innovative workforce. This is especially helpful when problem solving for a project is important to a company. A company looking to expand its product globally can also benefit from a diverse work pool. By bringing employees in from different


Cited: Vance, Charles, and Yongsun Paik. Managing a Global Workforce: Challenges and Opportunities in International Human Resource Management. Armonk, NY: M.E. Sharpe, 2011. Print. Rana, Preetika. "Management Tips From Coca-Cola India." Wall Street Journal Online. N.p., 1 June 2012. Web. 02 Nov. 2013. Orsoni-Vauthey, Valerie. Joint Venturing: The 8 Critical Factors of Success. Cupertino, CA: HappyAbout.info, 2006. Print.

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