Globalization is present and it can be appreciated in many different aspects today. Because of the advance in technology and the revolution of the internet, the entire world is connected. Nowadays, there is an increasing importance in the global business. Big companies cannot just remit to domestic businesses in order to analyze the company's success. They need to be more broad in their business perspectives. According to Nancy Adler and Allison Gundersen in their book “International Dimensions of Organizational Behavior,” foreign competition is seen as a very important factor in the success of the companies' business by more than two thirds of the world's CEOs. Therefore, companies are expecting to increase in the amount of employment and revenues from outside of their countries. That is one of the main reasons for why it is crucial for companies today to invest more time in the study of managing human resources and to learn more about the culture and behavior of other countries in order to maintain and improve good relationship as a strategy to succeed.
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| Taken from www.pokeraffiliateuniversity.com |
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I do think it will be hard for some of the American companies to grasp the concept of the global economy, but in order to compete and to expand into the ever growing global market they will need to change. This is the future of the world in which we live in. Globalization has made products cheaper and has caused plenty of layoffs here in the US as well as a huge trade deficit, but that can be changed if the US makes products that are of superior quality and at a reasonable cost in the global market. Will that happen anytime soon? As of right now, I do not think so.
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