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Industrial Relations

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Submitted By Patel22
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Globalisation

1

Lecture/Chapter Topics
• Chapter Introduction
• Definition of Globalisation
• Emergence of Global Institutions

• Driving Forces of Globalisation
• Changing Characteristics of Global Economy
• Globalisation Debate

• Managing in Global Marketplace

Definition of Globalisation



Globalisation: the trend towards a more integrated global economic system
Effects of globalisation can be seen everywhere, for example: –




the cars people drive the food people eat the jobs people have the clothes people wear

Definition of Globalisation


What is Globalisation?
– Globalisation refers to the shift towards a more integrated and interdependent world economy.



Facets of Globalisation
– Globalisation of Markets
– Globalisation of Products
– Emergence of Global Institutions

Definition of Globalisation
• The Globalisation of Markets




The historically distinct and separate national markets are merging into one huge global marketplace in which the tastes and preferences of consumers in different nations are beginning to converge in some global norm.
Examples of consumer products:
 Prada fashions, Sony Playstation video games, McDonald’s hamburgers (US), Nescafe coffee (Switzerland), Nokia mobile phones (Finland), IKEA furniture (Sweden)

Definition of Globalisation
• Globalisation of Production
– Sourcing goods and services from different locations around the globe in an attempt to take advantage of national differences in the cost and quality of factors of production, thereby allowing them to compete more effectively against their rivals
– Examples of globalisation of production:
 Boeing’s 777 and 787 commercial aircrafts
 Lenovo’s ‘ThinkPad’ laptop
 Nighthawk Radiology Services

Ford’s Global Network to Support the Manufacturing of the Escort

Emergence of

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