To understand the impact of globalization on human Resources you must understand what globalization is and what it does. Globalization is a “process by which the experience of everyday life, is made clear by the dissemination of goods and ideas, is becoming consistant globally. Aspects that have also added to globalization include increasingly sophisticated communications and transportation technologies and services, mass relocation along with the movement of peoples, a level of economic activity that has outgrown national markets through industrial combinations and commercial groupings that cross national frontiers, and international agreements that reduce the cost of doing business in foreign countries. Globalization offers huge potential profits to companies and nations but has been complicated by widely differing expectations, standards of living, cultures and values, and legal systems as well as unexpected global cause-and-effect linkages (Encyclopedia Britannica).” Globalization is a word in business that indicates the incorporation of an organization's operations, processes and strategies into various cultures, products, services and ideas. While globalization has evolved, the responsibility of human resource management should not be understated.
b) Dynamic Work Environment: Globalization has bought a revolution in world economy. Globalization has increased the rates of mergers and acquisition. The increase in competition between the multinational corporations across the globe has increased drastically. Work environment has changed a lot post globalization, c) Information Technology: Improvement in information technology is due to the impact of globalization. The one which has the best potential to change the shape of international management is the advancement of technology.
?Globalization is the process of denationalization of markets, politics, and legal systems, i.e., the rise of the so-called global economy? (Introduction to Globalization, 2004). Another article states, ?Globalization is an inevitable phenomenon in human history that?s been bringing the world closer through the exchange of goods and products, information, knowledge and culture. But over the last few decade, the pace of this global integration has become much faster and dramatic because of unprecedented advancements in technology, communications, science, transport and industry? (The Growing Integration of Economies and Societies Around the World, 2005).
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The concept of Globalisation is a contested terrain. Authors such as Jameson (1988) discuss globalisation as a new marvel, as yet out with any specific field of academia, defining it as an “immense enlargement in communication with more tangible and immediate world markets than earlier stages of modernity”. McGrew (2000, as cited in Marsh, Keating, Punch and Harden 2000, pg. 380) has identified that globalisation is not a new concept but its fervour has certainly magnified. This essay will outline and describe the main features of globalisation focussing on the economical dimensions, although these decisions are affected by politics, which in turn affect the environmental and cultural aspects of life.
The revolutionary opportunities and situations due to globalization raised a new topic of: global Security”. Everyone in the global politics is now concerned about the global security in the context of globalization. I will discuss issue of global security and possibility of its achievement in detail in the context of globalization and I will also highlight global security and the globalization link in the eyes of liberals and realists the two dominating school of thoughts throughout the world. Globalization has minimized the distances and increased the interdependence of states due to advanced technology and communication means. Nowadays the events are more localized and any event happened in one part of the world has impacts on the whole world due to globalization.
The population growth in undeveloped countries could lead to expansionism when leaders are confronted with lack of food and water shortages within their own borders. The world’s populations are moving around rapidly, from one country to another, creating diversity but at the same time exporting cultural differences to a wider variety of places than before, creating the potential of further dislocations and more troubles. Economics have also played a role in the changing Operational Environment. The recent economic downturn and resulting financial crisis will continue to be significant events in the future changing environment. In the United States case, our foreign debt continues to grow, and the Trade Deficit between other countries is exponential.
It is closely associated with economic globalization, which is “the process by which markets and production in different countries are becoming increasingly interdependent due to the dynamics of trade in goods and services and flows of capital and technology” (Held 92). However, it is not only driven by economic factors, but also a combination of the economic factors with the technological, biological, political, and socio-cultural factors (Croucher 10). Globalization has also been defined as a positive factor in the disintegration of various national boundaries in the favor of a shared culture and global economy, as well as worldwide political integration. It appears to be an unstoppable progression, and its likely consequences and impacts are the same across many nations. There are benefits to the less developed countries and cultures such as the chances of improving their economic conditions, sharing in the new global economy, as well as improving their citizenry political freedoms.