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Lecture 11

MGMT 110 Lecture Notes - Lecture 11: Economic Globalization, Global Brain, Fashion Design

3 pages53 viewsSpring 2017

Department
MGMT
Course Code
MGMT 110
Professor
Christopher Sykes
Lecture
11

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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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