Chapter 3 1. Define globalization and explain how it is creating a borderless wo

Question

Chapter 3 1. Define globalization and explain how it is creating a borderless world for today's managers. 2 Indicate how dissimilarities in the economic, sociocultural, and legal-political environments throughout the world can affect business operations. 3. Explain why it is important for managers to develop their cultural intelligence. 4 What specifically would the experience of living and working in another country contribute to your skills and effectiveness as a manager in your own country? 5 Do you think it's possible for someone to develop a global mindset if they never live outside their native country? How might they do that?

Explanation / Answer

Ans:

1)

Globalization is the free flow of goods,services and people across the world.Globalization is the process in which international trade,investments,ideas,technology,information and culture flow between countries.

It is creating a borderless world for todays's managers as people,society,businesses and countries are becoming increasingly interdependent.Globalization is creating a borderless world that provides both risks and opportunities.

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