...Impacts of Globalisation The Management of People & Organisations INTRODUCTION Globalisation has significantly impacted the functionality and prosperity of people, organisations and how they are managed. Of these impacts, a vast collection of influences have lead managers to both realise and take advantage of highly rewarding business opportunities as well as confront challenges that could be detrimental to the success of their organisations. The purpose of this essay is to examine the effects of globalisation on the management of organisations and people via the analysis of particular environments including the economic, cultural, technological and sustainable environments. Each factor, having considerable correlation with each other will delve into issues including anti-capitalist backlash, parochialism and geocentric attitudes, technological acquaintance and the eco-effectiveness of decisions made by leadership. The analysis indicates that challenges managers face from globalisation in managing people and organisations will need to be addressed by the adaptation of geocentric attitudes covering the embrace of a global leadership mindset, the appreciation of cultural diversity and the development of technological know-how to accompany the existing and essential leadership skills including change management, decision making and strategic rational. ECONOMIC ENVIRONMENT Primarily considering the economic environment and the initial rise of globalisation is imperative...
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...We can see that whereas many sociologists thought that progress was both desirable and inevitable other sociologists especially the postmodernists would dispute this. Action Theories Weber talked about social action theory. He wrote that there are an infinite number of subjective meanings which actors can give to their actions. He classifies four main types. The first is called the instrumentally rational action which means that people calculate what is the most effective method of achieving a particular goal, whether it is desirable or not. In businesses this could include maximising profits. If we are looking for an evaluation of this we can see that at the present time some firms will supply arms to whatever countries claim that they need them and can even supply both sets of factions to all countries at the same time. There were complaints in 2014 by some churches and Campaign Against the Arms Trade (CAAT) that arms fairs still take place whereas protesters have been prevented from taking any action or even...
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...Globalisation and Rising Inequality in Australia Is Increasing Inequality Inevitable in Australia? Tom Conley Griffith University Introduction I want to dedicate my government to the maintenance of traditional Australian values. And they include those great values of mateship and egalitarianism.1 10 years ago a Mitsubishi type development would have flattened people psychologically. Now they take it in their stride … 2 Policy-makers and commentators have long been cajoling Australians into accepting that they are a part of the global economy, which means an acceptance of a whole range of ‘new realities’. One of the major themes of the pro-globalisation position is that Australia has accepted these new realities and adjusted well to globalisation by embracing economic liberalism. The results, it is argued, have been overwhelmingly beneficial. John Howard points out the Australian economy has grown for fourteen years straight – a remarkable achievement by any standards. This success story of growth has tended, however, to override more disaggregated, negative analyses of social outcomes in Australia. A less sanguine part of this new globalising ‘reality’ appears to be an acceptance of rising inequality. Indeed, it is often implied that rising inequality is a spur for growth. The argument is that everyone is better off, it’s just that some people are better off than others. While commentary is often not explicit about the association of globalisation and rising inequality...
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...TRANSNATIONAL CORPORATIONS 7 The role of transnational corporations in the globalisation process Grazia Ietto-Gillies1 1. Introduction Globalisation is a complex phenomenon which is more in the nature of a process than a state of affairs. There have been several attempts at definition (McGrew, 1992; Oman, 1996; Castells, 1996; Giddens, 1999; Held et al. 1999).2 Most definitions boil down to the fact that globalisation is both a process of geographical/spatial outreach and of an increased degree of interconnectedness and interdependence between people, groups and institutions based in different countries of the world. As a process of spatial outreach it is not new and has long historical antecedents (Held et al., 1999). Nonetheless it is argued in this chapter that the current process is considerably different from any previous process of outreach. One of the major differences is seen in the role that transnational corporations (TNCs) play in the globalisation process. The chapter proceeds in section 2 with an analysis of the salient characteristics of the globalisation process. The third section considers the role of TNCs in cross-border transactions. Section 4 develops the argument that the TNCs are a dominant cause of the globalisation process. Section 5 considers the wider policy implications of this perspective and the last section concludes. 2. Salient characteristics of globalisation The current globalisation process is characterised by both qualitative and quantitative aspects...
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...Will political globalization inevitably follow economic globalization? BY Gonçalo Jóia Martins Student number 12859 Abstract: The essay intends to prove that political globalization and a system of global governance is inevitable. First, it starts by showing how economic globalization led countries to be more dependent on each other than ever. This is demonstrated by the growing cross-border interdependence due to economic trade and also by the proliferation of global players that require global cooperation between nations. Those factors inevitably lead to the necessity of global institutions of governance. The thesis is supported by answering to the Rodrick Trilemma using the influence of important globalization actors like multinational companies that help to shape the society towards a global mentality what will also push for political globalization. I end up concluding that although difficult political globalization is feasible and if taken into account all the factors I mention it will inevitably happen. Submitted to Professor Miguel Homem Ferreira of Tutorial Class TAB29 on 19/03/2015 10 years ago in China Yan Xuetong gave a lecture about globalization to a group of college sophomores for about 3 hours. At the end, before he took questions, he asked to the group of students: “What does globalization mean”? Someone answered "free trade". He laughed, saying that was the typical American answer. He then proceeded to explain that what globalization really means...
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...Portfolio of Reflective Cultural Practice Assignment Contents Page Portfolio of Reflective Cultural Practice Assignment 1.1. Introduction In recent times, there has been seen an increased change in the composition of the workforce in organisations because of the rapidly growing globalisation which has made the world increasingly more interrelated (SOURCE). Therefore most business’s around the world including the hospitality and tourism industry need to enter into a cross-cultural alliance to become more effective due to globalisation having a significant impact on the personal characteristic in the workforce because of the increasing cultural diversity (Lloyd and Hartel, 2010). Ferraro (2005) argues that globalisation is not just a passing trend but has submerged acting as a replacement for the cold war system. Therefore this reflective portfolio aims to explore some of the theories surrounding cross-cultural behaviour in order to relate and understand the behaviours of the cultures in respectively Denmark and the US. However in order to do so, a definition of the meaning culture will be primarily discussed and what stereotypes Denmark and the US the authors carries toward both countries. Through the analysis and the information gathered from the theories, potential opportunities and difficulties will be identified between the two countries cultural diversity in relation to motivation, teams, communication channels and conflict and dispute resolution. Lastly...
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...1.0 INTRODUCTION What is Strategic Human Resource Management (SHRM)? According to the Chartered Institute of Personnel and Development (2015), strategic human resource management (strategic HRM, or SHRM) is an approach to managing human resources that supports long-term business goals and outcomes with a strategic framework. The approach emphases on longer-term people issues, matching resources to future needs as well as macro-concerns about structure, quality, culture, values and commitment. It is necessarily dependent on the evolving nature of work itself. As mentioned by Stone (2013), because human resource management (HRM) seeks to strategically integrate the interests of an organisation and its employees, it is much more than a set of activities relating to the coordination of an organisation’s human resources. HRM is a major contributor to the success of an enterprise because it is in a key position ‘to affect customers, business results and ultimately shareholder value’. Stated by Gratton (2000), ‘The new sources of sustainable competitive advantage available to organisations have people at the centre – their creativity and talent, their inspirations and hopes, their dreams and excitement. The companies that flourish in this decade will do so because they are able to provide meaning and purpose, a context and frame that encourages individual potential to flourish and grow’. Stone (2013) mentioned that HRM is either part of the problem or part of the solution in...
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...Functionalism has given a useful understanding of society, despite its limitations. Functionalists describe society using an organic analogy; they say society is like a biological organism. Parsons found three similarities between society and an organism. System organisms such as the human body and society are both self-regulating and inter-related, independent parts fit together in fixed ways. In the body these are organs; in society they are institutions, such as family and education. Both organisms have system needs for example an organism needs nutrition without which it would die. Social systems have basic needs for example members of society need to be socialized. Both society and organisms function to contribute to meeting the systems needs and thus ensure survival. For example the circulatory systems delivers oxygen to cells, similarly the economy in society helps meet the needs for food and shelter. Parsons argues the central question sociology tries to answer is how is social order possible? Parsons argues social order is achieved through the existence of a shared value system. A culture is a set of norms, values, beliefs and goals shared by members of society. It provides a framework enabling individuals to cooperate by laying down rules about how to behave and what others expect of them, defining goals they should pursue and so on. Social order is only possible so long as members of society agree on these norms and values. This agreement is called value consensus...
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...CoNTE j\:\PORA.R'f Contents Foreword Preface iii v Chapter 1 The Cold War Era 1 Chapter 2 The End of Bipolarity 17 Chapter 3 US Hegemony in World Politics 31 Chapter 4 Alternative Centres of Power 51 Chapter 5 Contemporary South Asia 65 Chapter 6 International Organisations 81 Chapter 7 Security in the Contemporary World 99 Chapter 8 Environment and Natural Resources 117 Chapter 9 Globalisation 135 Chapter 1 The Cold War Era OVERVIEW This chapter provides a backdrop to the entire book. The end of the Cold War is usually seen as the beginning of the contemporary era in world politics which is the subject matter of this book. It is, therefore, appropriate that we begin the story with a discussion of the Cold War. The chapter shows how the dominance of two superpowers, the United States of America and the Soviet Union, was central to the Cold War. It tracks the various arenas of the Cold War in different parts of the world. The chapter views the NonAligned Movement (NAM) as a challenge to the dominance of the two superpowers and describes the attempts by the non-aligned countries to establish a New International Economic Order (NIEO) as a means of attaining economic development and political independence. It concludes with an assessment of India’s role in NAM and asks how successful the policy of nonalignment has been in protecting India’s interests. The end of the Second...
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...Crime and Deviance AN INTRODUCTION TO CRIME AND DEVIANCE Definitions * Crime- An act which breaks the criminal laws of society. * Deviance- refers to the behaviour which is disapproved of by most people in society and which does not conform to society's norms and values. TOPIC 1: FUNCTIONALIST, STRAIN AND SUBCULTURAL THEORIES Durkheim's functionalist theory: * Socialisation and Social control are two key mechanisms which allow social solidarity to occur in society. The inevitability of crime: * Functionalists see too much crime as destabilising society. * They also see crime as inevitable and universal- Durkheim, 'crime is normal... an integral part of all healthy societies.' * There are two reasons why C&D are found in all societies; 1.Not everyone is equally effectively socialised into the shared norms and values. 2. Different groups develop their own subculture and what the members of the subculture regard as normal, mainstream culture may see as deviant. * Durkheim also discusses that in modern societies there is a tendency towards anomie (normlessness). The diversity of modern societies means that the collective conscience is weakened, and this results in higher levels of C&D. The positive functions of crime: * For Durkheim, crime also fulfils two important functions; boundary maintenance and adaptation. * Boundary Maintenance- In Durkheim's view, the purpose of punishment is to reaffirm society's shared rules and reinforces...
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...This article was downloaded by: [Library Services City University London] On: 26 July 2013, At: 08:32 Publisher: Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK Accounting and Business Research Publication details, including instructions for authors and subscription information: http://www.tandfonline.com/loi/rabr20 International Financial Reporting Standards (IFRS): pros and cons for investors Ray Ball a a University of Chicago Published online: 28 Feb 2012. To cite this article: Ray Ball (2006) International Financial Reporting Standards (IFRS): pros and cons for investors, Accounting and Business Research, 36:sup1, 5-27, DOI: 10.1080/00014788.2006.9730040 To link to this article: http://dx.doi.org/10.1080/00014788.2006.9730040 PLEASE SCROLL DOWN FOR ARTICLE Taylor & Francis makes every effort to ensure the accuracy of all the information (the “Content”) contained in the publications on our platform. However, Taylor & Francis, our agents, and our licensors make no representations or warranties whatsoever as to the accuracy, completeness, or suitability for any purpose of the Content. Any opinions and views expressed in this publication are the opinions and views of the authors, and are not the views of or endorsed by Taylor & Francis. The accuracy of the Content should not be relied upon and should be independently verified with primary sources of information...
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...TABLE OF CONTENT Sl.no | Topics2 | Page No. | 1 | Abstract | 3 | I | Literature review | 3-13 | II | Research methodology | 14-20 | III | Tools used in the study | 20 | IV | Analysis &Interpretation | 21-35 | | Demographics | 22-25 | | SEM PLS | 26-34 | | Hierarchical Regression | 35 | V | Findings | 36-38 | VI | Conclusion | 39 | VII | Reference | 40-45 | VIII | Annexure | 44-48 | ABSTRACT The study on Psychological Capital, Job Satisfaction & Organisational Citizenship Behaviour explores the association of employees psychological capital with there job satisfaction and organisational citizenship behaviour in IT sector. The study also tries to examine the mediating role played by job satisfaction between psychological capital and Organisational citizenship behaviour. A self reported paper based questionnaire survey will be conducted on employees working in IT firms in Kochi. The study was conducted among employees who were team leaders and entry level engineers employed at IT firms in Kochi. The employee with positive psychological capital and job satisfaction will exhibit organisational citizenship behaviour. Many studies have been conducted previously to identify the relationship between the variables such as on Psychological Capital, Job Satisfaction & Organisational Citizenship Behaviour. The research showed positive relation among the three variables and job satisfaction having partial mediation between psychological capital and organisational...
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...Agriculture, growth and poverty reduction This paper was produced by the Agriculture and Natural Resources Team of the UK Department for International Development (DFID) in collaboration with Anne Thomson of Oxford Policy Management, Oxford. The authors are grateful to the UK Food Group for their additional contributions and comments. The paper reflects work in progress towards the development of new thinking on agricultural policy in DFID. It does not necessarily reflect the views and policy of DFID. This (working/supporting) paper is intended to stimulate public discussion. It is not necessarily DFID or UK Government policy. October 2004 Contents Executive Summary...................................................................................................... 3 1. What is the issue? .................................................................................................... 4 2. Agriculture, growth and poverty – what we know of the relationship ............................ 5 2.1 The context – the state of world poverty............................................................... 5 2.2 Agriculture’s recent performance – a picture of mixed progress............................... 7 2.3 Agricultural growth and poverty reduction – the evidence....................................... 9 2.4 Understanding how increased agricultural productivity reduces poverty ................. 10 3. Emerging issues and questions................................................
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...OECD INSIGHTS International Trade Free, Fair and Open? Patrick Love and Ralph Lattimore ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT The OECD is a unique forum where the governments of 30 democracies work together to address the economic, social and environmental challenges of globalisation. The OECD is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies. The OECD member countries are: Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The Commission of the European Communities takes part in the work of the OECD. OECD Publishing disseminates widely the results of the Organisation’s statistics gathering and research on economic, social and environmental issues, as well as the conventions, guidelines and standards agreed by its members. This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed...
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...The Reader’s Digest condensed version of The Road to Serfdom The Road to Serfdom FRIEDRICH A. HAYEK The condensed version of The Road to Serfdom by F. A. Hayek as it appeared in the April 1945 edition of Reader’s Digest The Institute of Economic Affairs First published in Great Britain in 1999 in the ‘Rediscovered Riches’ series by The Institute of Economic Affairs 2 Lord North Street Westminster London sw1p 3lb Reissued in the ‘Occasional Paper’ series in 2001 This condensed version of The Road to Serfdom © Reader’s Digest, reproduced by kind permission The Road to Serfdom is published in all territories outside the USA by Routledge. This version is published by kind permission. All other material copyright © The Institute of Economic Affairs 1999, 2001 Every effort has been made to contact the copyright holders associated with this edition. In some cases this has not been possible. The IEA will be pleased to include any corrections in the next edition. All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. A CIP catalogue record for this book is available from the British Library. isbn 0 255 36530 6 Many IEA publications are translated into...
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