Chapter 3 1. Define globalization and explain how it is creating a borderless wo
ID: 390184 • Letter: C
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 i 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
1. We can say that globalization has allowed business to be transferred to other countries. This is not only limit itself to the world of business, but in its entirety,m we can consider that it allows the intermixing of cultures, values as well as the factor of perception with it, since it involves the process of a culturally distinct company coming to another market and following their practice in order to operate in it. Some multinational corporations have turnovers that are essentially more than the GDP of some countries and therefore, we can understand that globalization has made the world a smaller place, essentially, since it also converts boundaries into close relation as well as can be considered as being active for the cause of the spread of different influences throughout the world.
2. Any change, which is unprecedented in nature, in any capacity affects the business. There are some factors which have more immediate and lasting impact on a business culture which is why we can say that the factors such as economic, social cultural and political factors since it constitutes the external environment of the country can be considered to have a larger impact over its essential functionality.
(I am still working on the answer, please allow me a little more time in order to be able to complete it. I will update the answer as soon as possible)
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.