Globalization has totally changed the way the word is operating today. The barriers which earlier hindered our abilities to interact & communicate to individuals across the globe have reduced. Globalization has been integrated in all the areas whether it be social, economic, government or business. With the help of this paper, we’ll be discussing the globalization’s role on society & specifically the influence of globalization on management. Revolution in technology has been a foremost driving force behind globalization & information technology has been a major element of a company’s global business strategies (Ohmae, 2011).
Globalization is such an extensive & complex notion which is sometimes difficult to explain, however, in the similar way, because of its extensiveness there are numerous diverse opinions about just what the globalization is about. Globalization can be described as the intensification of global inter-connectedness, signifying a world full exchange & persistent culture, linkages & contact & mixture & movement. Only a single definition cannot completely define everything the globalization is. So as to provide the background of globalization, it is required to look at the 6 processes which unite together to deliver a solid basis regarding the exact definition of globalization (Johnson, Scholes & Whittington, 2008).
These 6 terms are the names of the 6 methods which must be recalled while rationalising globalization. Now all the events & actions which arises globally doesn’t essentially have to encompass all of these processes, some actions might merely integrate one process whereas few might comprise all of the processes. In any of these situations, however all 6 processes are united to make the foundation behind globalization (Gleick, 2007).
Thus, it can be concluded that globalization is the most significant concept in the 21st century. As every coin has two faces, in the same way globalization has both the positive & negative aspects. Advancement in information technology has altered the way people live & have reshaped how government, business & individuals interact with one another.
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