Discuss about the Management and Organizational Behaviour for Globalization.
- This section of the essay will discuss the general view regarding why contemporary organizations consider globalization and global business as a significant issue.
- It will further provide an overview of the discussions made in the essay i.e. naming the four stages in the phase model of globalization along with specifying the examples used for the identification of strengths and weaknesses of each stage of the phase model.
- The term global business will be discussed with the help of definitions of renowned authors.
- The term globalization will be discussed by providing its definition and highlighting how it affects the corporate world (Irani, 2011).
- Discussion in detail regarding why modern organizations give importance to the process of globalization and doing business globally (Okoye & Nwaigwe, 2015).
- Detailed discussion will be made regarding the various stages in the phase model of globalization which include exporting, cooperative contracts, strategic alliances and wholly owned affiliates with relevant examples.
- Strengths and weaknesses of each stage in the phase of globalization will be identified and discussed along with its impact on businesses (Muhammad, Faheem, Dost & Abdullah, 2011).
Conclusion
- All the key points discussed in the essay will be summarized specifying that the stages in the phase model of globalization impacts the development of businesses.
- It will be specified that there are both strengths and weaknesses of every stage of the phase model of globalization and that can be skipped by businesses.
- At the end, some recommendation will be provided regarding how the risks in each stage of the model can be avoided and its successful implementation can be made.
Title and Article Reference |
Irani, F. N. H. A. 2011. Globalization and Challenges; What are the globalization's contemporary issues?. International Journal of Humanities and Social Science. Vol 1, no. 6, pp. 216-218. |
Aim/ Purpose of Article |
The aim of the article is to study the contemporary issues of globalization and its challenges. |
Sample, location, method of data collection and analysis |
A descriptive approach is adopted for the article for explain globalization and its challenges. |
Findings/Interpretations reported in the article |
Global integration is increasing at a rapid pace. The changes in transportation, communication and computer technology has provided new impulse to the globalization process and has brought independence in the world. As a consequence, economies, social movements and laws are establishing at international level. |
Significance/contribution of the article in relation to your other articles and your topic |
The findings of the article are different from the general view that the world economy is in progressing phase as a result of globalization. The contemporary issues arising as a result have also been highlighted in the article. |
Strengths of the article |
The article is well researched which takes into consideration every aspect that fosters globalization. |
Weaknesses of the article |
Detailed analysis of the challenges has not been provided in the article which does not provide clarity to the reader. |
Quotes from the article that you plan to use in your assignment |
“The phenomenon of increased integration of the world economy as evidenced by the growth of international trade and factor mobility” (Irani, 2011, p. 217) |
Quotes from the article that you plan to use in your assignment |
“But for billions of the world's people, business-driven globalization means uprooting old ways of life and threatening livelihoods and cultures” (Irani, 2011, p. 217) |
Quotes from the article that you plan to use in your assignment |
“Industrial emergence of worldwide production markets and broader access to a range of foreign products for consumers and companies has increased a lot during the globalization process” ((Irani, 2011, p. 216) |
Title and Article Reference |
Okoye, H. N. and Nwaigwe, L. C. 2015. The impact of globalization to business and the world economy. International Journal of Business and Management Review. Vol 3, No. 5, pp. 17-32. |
Aim/ Purpose of Article |
The aim of the article is to determine the impact of globalization to business and the world economy. |
Sample, location, method of data collection and analysis |
The article adopts Historical Research Design. Also, developmental study and Ex-Post- Facto Research Design is applied to some extent. |
Findings/Interpretations reported in the article |
Industrialized nations benefit from globalization through marketing network and expanded demand. Developing economies gain through improved welfare packages, exchange of expertise and improved commodities. War against injustice, racial discrimination and religious fanaticism is also assisted with the help of globalization. The effect of rescue operations, international disasters and humanitarian services are also eliminated through globalization. |
Significance/contribution of the article in relation to your other articles and your topic |
The findings of the article provide a deeper knowledge regarding the positive and negative aspects of globalization and do not present the biased view of the author. |
Strengths of the article |
The article does not present the biased view of authors regarding globalization and its impact as both positive and negative aspects are covered. |
Weaknesses of the article |
The article places more emphasis on the impact of globalization on world economy rather than the impact of globalization on businesses. |
Quotes from the article that you plan to use in your assignment |
“The economies of the world have linked up through expanding international trade in services and also in primary and manufactured goods” (Okoye & Nwaigwe, 2015, p. 19) |
Quotes from the article that you plan to use in your assignment |
“In some cases, they establish new plants in the foreign country for economic reasons as sending finished products would make it very expensive and unaffordable to the other country” (Okoye & Nwaigwe, 2015, p. 19) |
Quotes from the article that you plan to use in your assignment |
“Information technology therefore includes all the media involved in the dissemination of ideas and information leading to the production of goods and services required by management and business generally to enhance quality products, as at, and when needed” (Okoye & Nwaigwe, 2015, p. 21) |
Title and Article Reference |
Muhammad, A.C., Faheem, M.A., Dost, M.K.B. and Abdullah, I., 2011. Globalization and its impacts on the world Economic development. International Journal of Business and social science, Vol 2, No. 23, pp. 291-297. |
Aim/ Purpose of Article |
The purpose of the article is to measure the effect of globalization on the fastest growing industries of the world. |
Sample, location, method of data collection and analysis |
Literature review has been performed by the authors on the scholarly articles relating to the topic globalization and economic development. |
Findings/Interpretations reported in the article |
The findings of the article provide the five stages of economic development and the effect of globalization on the economic development of the world. The article provides that the industrial sector along with employment get influenced by globalization. The use of information technology becomes necessary for corporations due to the global competitive environment. The picture of world trade, international institutions and global market has changed at a rapid pace resulting in increased standard of living of people. |
Significance/contribution of the article in relation to your other articles and your topic |
There are a number of articles on globalization but they do not explain its impact on the economic development. This article explains the effect of globalization on global markets, international institutions, foreign direct investment and various other aspects. It aims to find out the true sense of globalization. |
Strengths of the article |
Strong literature has been reviewed by the authors which makes the article well researched. |
Weaknesses of the article |
The article does not reflect the views and opinions of the authors on the topic. |
Quotes from the article that you plan to use in your assignment |
“Globalization has given a new thought to the businesses worldwide. A lot of Strategic changes have been occurred in the businesses. Now target market for businesses is not only their home land, but the overall world” (Muhammad, Faheem, Dost & Abdullah, 2011, p. 291) |
Quotes from the article that you plan to use in your assignment |
“In the present global competitive environment it is a necessary to use the information technology innovatively and skillfully” (Muhammad, Faheem, Dost & Abdullah, 2011, p.294) |
Quotes from the article that you plan to use in your assignment |
“Now in this era of globalization, the focus of industries is to produce foreign commodities and to facilitate the consumers in all over the World” (Muhammad, Faheem, Dost & Abdullah, 2011, p.295) |
References
Irani, F. N. H. A. 2011. Globalization and Challenges; What are the globalization's contemporary issues?. International Journal of Humanities and Social Science. Vol 1(6), pp. 216-218.
Muhammad, A.C., Faheem, M.A., Dost, M.K.B. and Abdullah, I., 2011. Globalization and its impacts on the world Economic development. International Journal of Business and social science, Vol 2(23), pp. 291-297.
Okoye, H. N. and Nwaigwe, L. C. 2015. The impact of globalization to business and the world economy. International Journal of Business and Management Review. Vol 3(5), pp. 17-32.
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