MGMT 110 Lecture Notes - Lecture 11: Economic Globalization, Global Brain, Fashion Design
CHAP 11: MANAGING GLOBALIZATION
A. WHAT IS GLOBALIZATION?
1. The term
- Steger (2003, p.13): ‘Globalization refers to a multidimensional set of social processes that create,
multiply, stretch and intensify worldwide social interdependencies and exchanges while at the
same time fostering in people a growing awareness of deepening connections between the local
and the distant.’
- Economic globalization is a subset of globalization
2. The phenomenon: According to Clegg et al Globalization means:
- The worldwide…………………………………………………………………………………………….
- A process whereby the world becomes more interconnected and the fates of those people and
organizations in it become more intertwined
- In business terms, globalization means business without frontiers, crossing national boundaries and
dealing with the world, not just the home base
How big are global organizations?
3. Characteristics
- Globalization has a technical core, which is organized in terms of flows of inputs, their distribution
globally, transformation, and outputs, organized through global supply chains
4. Why globalization?
5. How does Corporate Globalization Work?
- Globalization is marked by:
• The integration of
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Document Summary
Chap 11: managing globalization: what is globalization, the term. Economic globalization is a subset of globalization: the phenomenon: according to clegg et al globalization means: A process whereby the world becomes more interconnected and the fates of those people and organizations in it become more intertwined. In business terms, globalization means business without frontiers, crossing national boundaries and dealing with the world, not just the home base. The pervasive influence of financial calculations and judgements. Applied to everyday organizational life, it means the way that financial calculations now constitute the primary criteria of value, even for mundane objects, practices and processes. Different institutional systems: circuits of globalization: On people"s conceptions of who they are. On the multicultural diversity of organizations and communities: the paradox of local clusters: local geographic concentrations: 1. highly competitive traditional, labor-intensive industries, which are highly concentrated, including textiles and clothing in italy. 2. high-technology industries that often cluster around new activities, such as biotechnology in san.
