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Essay / Research Paper Abstract
This 13 page paper is an examination of the driving forces of globalization. This paper explores these factors in terms of how managers must operate differently in a global economy. Bibliography lists 8 sources.
Page Count:
13 pages (~225 words per page)
File: D0_GSManGlo.rtf
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Unformatted sample text from the term paper:
we find ourselves in the midst of a global economy - one ingrained into the very fabric of society at this point. The motivating impetus for globalization is extensive
and varied, but once reduced boils down to the fact that in light of this reality, management processes must also morph to address the fundamental differences. Therefore, changing management
practices relies upon understanding these fundamental differences as well as the result of those differences, in order to establish the means by which management can most effectively compete in the
global economy. Todays managers must have a clear understanding of the forces of globalization, in order to effectively position their
company in the marketplace. This takes many forms - ranging from the establishment of e-business formats and techniques, to the physical establishment of the company in a location, or
locations, outside of the U.S., or perhaps in regards to trade and/or distribution. Managers must now incorporate management techniques that are effective for these new situations, as opposed to
their previously limited scope. Clearly, this requires sensitivity to a vast amount of diversity, as this is perhaps the most significant aspect of globalization for managers. Todays world
is indeed global, and continues to become more so every day. Managers must be prepared for the unique challenges that accompany this new, emerging economy. The Scope
of Globalization Foreign direct investment figures provide some insight into the ever-increasing power of globalization. In fact, they reveal the great
expansion of the global economy and its tremendous influence in the global marketplace. For instance, "worldwide annual sales of the foreign affiliates of multinationals in 1999 reached $14,000 billion
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