...Program on the Geopolitical Implications of Globalization and Transnational Security Definitions of Globalization: A Comprehensive Overview and a Proposed Definition Dr. Nayef R.F. Al-Rodhan Senior Scholar in Geostrategy and Director of the Program on the Geopolitical Implications of Globalization and Transnational Security Geneva Centre for Security Policy Ambassador Gérard Stoudmann Director Geneva Centre for Security Policy June 19, 2006 To comment, please email Ms. Bethany Webster at b.webster@gcsp.ch. All copyrights are reserved by the authors. Avenue de la Paix 7bis P.O. Box 1295 CH-1211 Geneva 1 Telephone Telefax www.gcsp.ch +41 22 906 83 17 +41 22 906 16 49 info@gcsp.ch Dr. Nayef R.F. Al-Rodhan Ambassador Gérard Stoudmann Definitions of Globalization: A Comprehensive Overview and a Proposed Definition Abstract Many authors have attempted, with relative success, to define globalization in a variety of ways. Some claim that it cannot be done, others claim that it would constrain the meaning to do so, and still others have defied these two beliefs and have constructed a working definition. Despite differing opinions about developing a definition, all authors agree on one thing: that defining this term is anything but easy. This paper will attempt to provide a comprehensive overview of the existing definitions of globalization and introduce our proposed definition: “Globalization is a process that encompasses the causes, course, and consequences of...
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...My View on Globalization First of all, globalization is basically the tendency of businesses, technologies, or philosophies to spread throughout the world. In my opinion, globalization is a good thing because the overall benefits exceed its overall costs. For example, as consumers we are winners because we are able to buy within a huge range of better quality goods and services at lower prices. Sometimes employees or owners of business lose one way or another, but the truth is that globalization must create losers and winners on the production side so that resources can be allocated more efficiently. Some people reject globalization because sometimes globalization has the tendency to worsen income and produce wealth inequality. On the other hand I just want globalization to produce more winners with higher benefits and fewer losers with lower costs, because as inescapable as it may sound, there will always be winners and losers. Things such as globalization and offshoring may cause, or are most likely to trigger a reorganization of employment with some workers temporarily losing their jobs and possibly taking time to find a new one. This is called frictional unemployment. The Economics Glossary defines frictional unemployment as "unemployment that comes from people moving between jobs, careers, and locations." If a person quits his job as an economics researcher to try and find a job in the music industry, then that person is undergoing frictional unemployment. The demand...
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... | |GLOBALIZATION | |Argumentative Paper | |PHL/ 320: Critical Thinking and Decision Making in Business | |University of Phoenix | |Malika E. Potter | |September 12, 2015 | | | In today’s business world, the term “world” is literal. Globalization, the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets, has become the norm. While there are always two sides to an issue, globalization has become a good, positive force in business. For the purposes of...
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...Globalization and Health Care Samuel Palmer Week One Assignment One IBA301.90 Author Note Samuel Palmer, Business Administration-Marketing Major, Post University, Waterbury, CT. Merriam-Webster defines globalization as the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets. Same can be said for health care. With rising costs, patients and health care systems have begun to look abroad for services and employees. I will address three questions in relation to the globalization of health care in this essay. Firstly, is globalization of health care good or bad for patients? Second, who might benefit from the globalization of health care? And lastly, who might lose with the globalization of health care? Is globalization of health care good or bad for patients? This depends on who the patient is. For the United States, globalization means plainly the exporting of patients to other countries and the importing of medical services from other countries. With lower medical costs in other countries, patients now have the option to travel to those countries to receive care. Of course these patients inherit travel costs and any other necessary expenses associated with the travel, but is it not worth it to get better? U.S. medical facilities are now incorporating medical collaboration from physicians in other countries, where the need to be physically present is...
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...Pro-globalists highlight the advantages of globalisation. Do you agree with their pro-globalist arguments, that globalisation is good? Globalisation is good in the sense that globalisation is a growing economic interdependence of the new innovative world system. But there are some individuals who disagree with globalisation. I believe that globalisation helps most of the countries to explore in free market ideologies which helps them to increase their financial situations better than prior. According to Robertson globalisation referred as 'the shrinking of the world and an intensified consciousness of the world as a whole' (Robertson, 1992). Also globalisation helps to understand about ‘the dissemination of habits, values and technologies in such a way that it influences peoples' lives around the whole world' (M. Albrow, 1997). I firstly agree to the point that globalisation improved the manufacture of goods and services which states that the Organisation for Economic Cooperation and Development (OECD) explained globalisation as “an increasing internationalisation of markets for goods and services, the means of production, financial systems, competition, corporations, technology and industries” (Impact of Information Systems on Society, 2011).Due to the globalisation, countries united each other and share their goods and services which enables them to transport their properties rapidly. For instance, World Trade Organisation (WTO) aids to promote goods and services because they...
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...International strategy Explain the role and effect of any two international business strategies. As the globalization of the world economy and the speed up integration process the international competition is increased, the requirement for international business strategy is rising ever higher. International business strategy plays a vital role in the global economy, it not only to guide a company's development, but also link the global economy. What is strategy? A strategy is the pattern or plan that integrates an organisation's major goals, policies and action sequences into a cohesive whole. (Mintzburg, 1984) Those strategies established long-term objectives and provided the overall guidance for the operational decisions which are focus on the whole companies. They determine the overall direction of an enterprise and its ultimate viability in light of the predictable, the unpredictable and the unknowable changes that may occur in its most important surrounding environments. (Elizabeth, 2001) Internationalization of operations has led organizations to assume different types of strategies. For instance: the localization of KFC. When you eat in KFC you will discover that the test of food in England is different from the test in China. KFC changed the favour of food to Cater to the tastes of local people. McDonald's and KFC use this kind of international business strategy to make their profit. There are four basic strategies to enter and compete in the international environment:...
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...Glossary Chapter 1 Bureaucratic – The process of bureaucracy, sometimes used in a derogatory sense. McDonaldization – The principles of efficiency, calculability, predictability, and control by which fast-food restaurants are managed and organized, as applied by Ritzer to other contemporary organizations. Hawthorne studies – A series of studies which ran from 1924 into the late 1930’s. Widely credited with discovering the human side of the organization. Group – A collection of people with a sense of shared identity and something in common but not with a shared purpose. Team – A group who meet together with a common purpose and some degree of mutual interdependence. Personality – A set of characteristics and behaviour displayed by any individual. Motivation – The will and desire that a person has to engage in a particular behaviour or perform a particular task. Knowledge and learning – An aspect of organizational behaviour which emphasizes the importance of information, understanding and practical skills for organizational success. In particular it examines the capacity of the organization to share this knowledge in effective ways. Change – The process by which an organization changes in practices, processes, culture, etc. in a planned or emergent fashion. Leadership – The process of leading or influencing the behaviour of others. In the broadest definition, it can be carried out by anyone in the organization. Power games and politics – The process where on...
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...Racheal Hunt HIS 122 Mr. Raby September 6, 2012 Globalization of the Twentieth Century What is globalization? According to our text book, globalization is “a term referring to a trend by which peoples and nations has become more interdependent” (Spielvogel 679). When using the term of globalization most people are talking about our global economy and global culture. Over the last forty years new technologies have changed the way we communicate. Not only can we communicate with friends and family around the world with the touch of a button but we can use the same technology to buy, sell and distribute almost anything to almost anywhere in the world. This has not only changed our bottom line of profits but has also changed the mindset of how we view the world and how we do business and communicate with others. In this paper I intend to describe the main characteristics of globalization of the Twentieth century and discuss some of the many elements that have led us to this point in history. There are many characteristics of globalization. Arvind Kumar, writer of the article “What are the Characteristics of Globalization” says that there are three distinct characteristics of globalization. The first is liberalization which is the, “freedom to start industry, trade or commerce in his country or abroad (Kumar).” The second characteristic is free trade. Kumar explains that, “Free trade is the absence of excessive government control over trade (Kumar).” He goes...
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...the continent of Europe. Currently, the European Union consists of 27 countries and works/governs itself to form a single working European market. The quote “The Fifth Enlargement of the EU is now complete” the ascension of the last two (Bulgaria and Romania) of the 12 total countries of the Fifth Wave of admittance into the European Union. Firstly enlargement of the European Union diffidently has its benefits. In theory the enlargement of the European Union opens up the Union to new and profitable markets in which they can buy, sell and trade more freely. We see therefore, the benefits to the enlargement of the European Union are very similar to some of the benefits of globalization in the whole. Like-wise concerns with the EU expansion can also be seen as concerns over globalization on the whole. For example the opening of emerging markets allows for product to be produced cheaper abroad then domestically. For the more prosperous EU members this could mean the outsourcing of domestic jobs to EU members with cheaper wages and input costs. Some of the more intrinsically unique concerns regarding the EU expansion come via the form of free travel within EU borders. In the terms of the travel an EU citizen is able to go from country to country freely as they please, without any special visas or documentation, only a passport from an issuing EU member. This has become a concern for many of the European Union member. For Countries like Italy this free travel...
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...Glossary Globalization - a process in which companies in countries around the world are increasingly linked by their activities and the opportunities they provide each other. Human Resource activities - the formal hr policies developed by a company as well as the actual ways these policies are implemented in the daily practices of supervisors and managers. Human Resource Certification Institute (HRCI) - the best-known certification provider for HR professionals. Human Resource code of ethics - a code that states that hr professionals must regard the obligation to implement public objectives and protect the public interest as more important than an employer’s preferences. Human Resource Management (HRM) system - a system developed by an organization to understand, create, coordinate, align, and integrate all of their policies and practices. Human resources - all of the people who currently contribute to doing the work of an organization, as well as those people who potentially could contribute in the future and those who have contributed in the recent past. Intangible human assets - an organization’s assets, comparatively social in nature, that include such organizational characteristics as an employer-of-choice reputation, the depth of employee talent and loyalty, and the ability to innovate and change. Multinational corporations (MNC’s) - firms with operations in multiple countries. Social media - a set of technologies and communication channels targeted at forming and enabling...
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...External / Internal Factors Paper Globalization In today's world of technology, Google has been at the forefront in developing the world system. As companies strive to engage in creating new ways to acquire information at a faster pace, Google has been there every step of the way. Google has allowed a diverse group of international companies to advertise their information products services to anyone in the world at the touch of a button. As the rate of globalization gains speed, Google seems to make the world just a little bit smaller. With factories in China and buyers in many countries it is easy for people to survey different products and services that may circle the globe by using Google. The way Google allows people to surf the Internet and view information has changed the way international communities do business. The four functions of management have been used by Google’s management. Planning and organizing structures in all of their business offices create a business model for others to examine, as well as proven success in leading and controlling their many internal issues. Planning and organizing, leading and controlling can be seen by every person who uses the Internet. Whenever logged onto Google their services are well-organized and give the user a massive amount of control to obtain access on just about any type of information possible. As managers and employees and companies around the world do business, it's easy to see that in any form of delegation...
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...How market-driven is your company? A significant change has taken place in the domestic and international markets environments due to the increasing pace of economic commercialization. Therefore, it is imperative that company or organizations must put all effort in their products design and quality to satisfy the customer because in today’s global marketplace the client has turned out to be the primary role within current business correspondence. Technological advancement globalization has made the marketplace very difficult, and companies are in search for a strategic approach which is advanced and healthier not only win customers but be inventive and competitive in the marketplace. These initiatives are not just to stay competitive in business but also to make sure that specific choices of strategies are implemented to preserve as well as improve the current business(Slack & Lewis,2011.pp.36-37). For companies to realize this and protect their business and with the intention of staying on top of the competitive market they must first of analyze the internal, as well as the external environment of their business and provide customers with delights products which are acceptable, products which are customer-centric and market driven(Slack & Lewis,2011.pp.56,Dr. Lantos, 2009). As a result of all this, organizations as well as businesses have adopted various strategic initiatives which would allow them to develop and determine the future needs of their consumers to establish...
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...Blue Ocean Strategy Ashleigh Philbrick MKT 421 February 18th, 2015 Professor Edward Mendicino Blue Ocean Strategy The blue ocean strategy in marketing is a unique approach to building a customer base. Rather than try to compete in a crowded marketplace with existing companies, a blue ocean strategy looks to build an entirely new market segment that has no other existing firms. With the rapid growth of technology and globalization, the importance of a blue ocean strategy has grown in recent years. The following essay will analyze the blue ocean strategy and offer suggestions on how it can be employed in the modern business environment. What is a Blue Ocean Strategy in Marketing? Companies must consider the four Ps of marketing when developing a new offering, which include product, placement, price, and promotion. In order to compete successfully, it is necessary to give consumers a certain value proposition. For example, a firm can offer a product at a lower price or at a higher quality than what is presently offered by other firms. But what if a firm could avoid having to deal with competition altogether? This is exactly what the blue ocean strategy attempts to do – create a new marketplace that is free of competitors. Marketers build an entirely new product or service that is currently unknown to consumers. It is necessary to thoroughly educate the public about the new product in order to gain interest and confidence. Once this has been completed, the new product will be positioned...
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...Faculty of Business and Accountancy, Graduate School of Business CSGB 6314 INTERNATIONAL BUSINESS MANAGEMENT SEMESTER 2, 2015/2016 ESSAY – Individual Assignment “Globalization brings more benefit than harm and should therefore be encouraged”. Discuss the statement. Submitted to: Prof. Dr. Mohd Nazari Ismail Prepared by: TAN WAN TENG, CGA150015 Date: 5th April 2016 TAN WAN TENG (CGA150015) CSGB 6314 International Business Management Globalization is not a new thing. Long time ago, people have been selling to and buying from each other places at far distances, for example, the Silk Road across Central Asia which was connected China and Europe during the Middle Ages. The globalization has been developing since 1980 and today it is easier for people and firms to communicate with other countries in the world. Globalization is the development of worldwide economy in which resources and products move fairly across national borders. It is also a process of integration among people, companies, and governments of different countries, which is usually driven by international trade, investment and supported by information technology. Both developing and developed countries are taking part actively in globalization process but both countries reacted differently in globalization. This process has the positive and negative effects on employment, culture, education and knowledge, market competition, economic, wealth and human physical well-being around the...
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... which has been developed for changing lives. The book is organized into seven chapters. The first two chapters provide the foundation that follows, and many of the themes and debates introduced are then picked up and developed in relation to specific subjects. The remaining chapters of the book illustrate the extent to which the crime and justice are constructed according to prevailing cultural assumptions and ideologies by examining a number of different issues that have gained significant media attention. The clarity and originality of the book is brilliant, the words are clear and concise also very easy to comprehend. The author includes chapter overviews, key terms, summaries, study questions, suggestions and a glossary for further readings. The book is an essential tool for undergraduates and postgraduates in fields of criminology, sociology, media studies and psychology. The book covered substantive topics such as women and children, surveillance and social control, moral...
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