1.Has your view on Globalization changed after listening to Professor Ghemawat? Explain.
2.Consider where you have seen the fears that people have about Globalization. Do you think these fears may subside with some data points that may suggest otherwise?
3.What does building a Culture-based Company entail?
1.After listening to professor Ghemawat my view on globalization is totally changed. I get to know about the flow that took place in globalization such as information flow, capital flow, people flow and product or trade flow. It throws light that the way we are exchanging the ideas, goods, people etc. it seems that there is no boundary (Ghemawat, 2017). The world is borderless. I believe the fact that the world is semi-globalized. It is having limited interactions between countries and economies. Globalisation helps in enhancing the global welfare. Usage of the technology is increasing along with an increase in the investment of the capital. In the developing areas of the country, social relations are becoming strong and the standard of living is also increasing. Wealth equality throughout the world is good for the world economy (Beck, 2015). Globalization creates a condition for people to move in order to find better employment and creative work.
2.Some of the people have fear from globalization. People of different developed countries feel that population of their company started immigrating after the emergence of the globalization. A country like France faces the fear of immigration of their people. As per the survey, they believe that 24% of the total population immigrated but actually, data is 8%. In the survey it was asked from the American what budget of the federal budget went to the foreign aid they assume more than 30% of US federal budget but actually, it was 1%. So people also make some of the perceptions which are actually not true. One of the major fears faced by the people is fear of losing market and jobs. The emergence of the globalization enhances the competition in the market (Potrafke, 2015). This affects the small vendor and enterprise they need to shut down their businesses. I totally agree that these fears will subside with some data points. The above-given illustration gives the data which prove wrong to the assumption of the people (Suchday, Benkhoukha, and Santoro, 2015). Globalization is a drawback for the undeveloped societies or area which is acquired by the social groups. There are almost 100 largest companies that control approximately 70% of the world trade.
3.Organisational culture is a system that shares the values, belief, and assumption which rules the employee's behavior in an organisation. Each organization needs to maintain some cultural values in an organization to guide the customer what they have to do. Each company wants to build a culture-based company. For achieving the long term success, Company needs to focus on the company culture values. For instance, the CEO of the Zappos' Tony Hsieh said that the first motive of the company is to focus on the organizational culture values. Communication is the best way to build the organization culture. The vision of the company should be communicated to the employees in an effective way. The great companies treat their employees as their family members this shows their cultural values.
Hiring or recruiting an employee's plays a major role in an organisation. At the time of the hiring or recruiting an employee HR can easily analyze which employee can take care of the cultural values of the company. Organisational culture tries to form an alignment in the employee's goals and company's goal. This should entail a well thought out and complete strategy which is going to be followed by a company regularly. Hiring a correct candidate who wants to stay in the company is one of the major decisions that can impact the working of the company (Harvard Business Review, 2008). For instance, Amazon hires employees who can understand the organizational culture values and the mission of the company. The company builds a culture by managing an internal and external environment of the company. Employees satisfaction is must to build company based on cultural values. These companies give facilities and value to their employees. The reason being they understand the value of the employees in their companies (Cummings, and Worley, 2014). The company understands the CSR (corporate social responsibility) which shows the cultural value of the company. The main focus of the company is to maintain the working environment of the company (Yakovleva, 2017). For instance, Zappos has their core values and they tell how their employees work and enjoy their personal lives. This shows that their employees like their jobs and are passionate about their jobs (100 interviews, 2009).
All these parameters which company follows help the company to build a culture-based company. Because of these values, the company is able to get success. Values and culture of the company connect the employees and make them work as a team. This leads to the success of the company. The reason company builds culture values as they want to provide the best way to employees at the workplace. This enhances the freedom of work.
P., 2017, Actually the World isn’t Flat, viewed on 25th
August 2017, https://www.ted.com/talks/pankaj_ghemawat_actually_the_world_isn_t_flat.html
Harvard Business Review, 2008, Why Zappos Pays New Employees to Quit--And You Should Too, viewed on 25th August 2017, https://www.youtube.com/watch?v=cQLTQAv5JQA
100 interviews, 2009, Zappos CEO Tony Hsieh talks about building a culture-based company, viewed on 25th August 2017, https://www.youtube.com/watch?v=JdKZapHZL4c
Cummings, T.G. and Worley, C.G., 2014. Organization development and change. Cengage learning.
Yakovleva, N., 2017. Corporate social responsibility in the mining industries. Routledge.
Beck, U., 2015. What is globalization?. John Wiley & Sons.
Suchday, S., Benkhoukha, A. and Santoro, A.F., 2015. 6W Globalization and Media. Psychology of Fear, Crime and the Media: International Perspectives,97.
Potrafke, N., 2015. The evidence on globalisation. The World Economy, 38(3), pp.509-552.