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Administration (2,738)
ADM1301 (111)
Tim Ragan (11)
Lecture

Chapter15.docx

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Department
Administration
Course
ADM1301
Professor
Tim Ragan
Semester
Fall

Description
Chapter 15 Globalization and Business Responsibilities Globalization a process of decreasing constraints on the interactions among the nations and peoples of the worldEconomic Globalization The integration of fragmented markets into a global economyPolitical Globalization the process by which world power relationships change and there is a loss of sovereignty by the state Social or cultural globalization the emergence of a world wide cultural systemGlobalization increases businesss economic social and environmental responsibilities Businesses are linked to their stakeholders and their actions as well Globalists individuals and organizations that support globalizationAntiglobalists individuals and organizations that oppose or are critical of globalizationGlobalization Pros ConsEfficient production of goods andDecisions are based on profit servicesUnemployment is created
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