EDRD 3140 Chapter Notes - Chapter 1: Father Knows Best, Organizational Communication, International Monetary Fund
12 Jan 2017
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Document Summary
On a daily basis, we as individuals, families, organizations, and societies find ways to live productively in this complicated world. There are four aspects of our world that were barely on the radar several decades ago but that today dominate much of our thinking and our news coverage. They are globalization, terrorism, climate change, and changing demographics: globalization. The globalization movement has led to practices such as outsourcing, in which businesses move manufacturing and service centers to countries where labor is cheap. In a global economy, many organizations have a multinational or international presence, with employees of a single organization found in many locations worldwide. Businesses are no longer centered in a few western nations but are also spread among nations throughout the developing world. The complexity of these global interconnections became especially clear during the global recession that began in 2007 (had a ripple effect around the world) Some argue that globalization is largely positive: opportunities for entrepreneurs, development.
