Market Pressure

The regular increasing competitions in the business world, every organisation are facing a huge competition with other companies. The companies in UK, such as Coca Cola, McDonalds, John Lewis, and Marks & Spencer are facing day-to-day competition with same kind of organisations (Levy and Gendel, 2012, p.97). This is leading them to

Globalisation is the process of allowing goods, financial and investments markets to operate across national borders due to deregulation, improved communications, infrastructure and technology.

Businesses continually adapt to a changing environment to maintain their market position (Appelbaum, Habashy, Malo, & Shafiq, 2012; Biedenbacha & Soumlderholma, 2008). Change is inevitable considering the current rate of technological advancement and the growth in global competition (Appelbaum et al., 2012; Armenakis & Harris, 2009; By, 2007). Increasing competition and the need for strategic flexibility and globalization is affecting almost every organization today, regardless of size, market, focus, and so on (Jaros, 2010).

Four, the labor market will continue with the ethnic diversification, where the percentage of the Americans and African American workers will remain constant and Asian and Hispanics will continue growing. They concluded that people will better prepare to adapt to the demands of the new millennium, and possibly they will be positioned better in the labor market, and people with little education or technological expertise will experience a decline in wages or unemployment.

From the word, Global trade is the import and export of goods and services between different countries, which also promotes product diversity for example; Pizza is from Italy and not Canada. As stated in businessdictionary.com, it is the worldwide business that involves making and collecting payments for transactions in goods and services, and transporting them to interested markets.

Global economy is the economy of the world, and is the international shipping of items and goods. Everyone in the world impacts and effects the global economy, whether you are aware or not. We, as students, can connect and impact the global economy through the things we buy and own by purchasing more items that were made in the United States.

Globalisation is the growth and integration between the economies in different countries for movement of goods and services. Globalisation

Globalization in one of the main driving forces within today 's modern world. It is the historical process and transformational development in the global arena, where growth and establishment of global connections in the international community continues to evolve. It is a widely used phrase, that in different contexts can be used as both the cause and effect of many different things. It is commonly used, since the fall of communism, to refer to a single world economy, where international trade and commerce is borderless. Additionally it can be employed to define the growing integration of the international capitalist system in the post-war period. Economic globalization specifically is defined as the transnational increase in trade and capital transfers across national boundaries. Economic globalisation today, is a complex beast. The intricate system relies upon the interconnected expansion of cooperation between; Transnational Corporations (TNCs), Nation States, Non-Governmental Organizations (NGO) and more. The theory of globalism, that there is a growing collective awareness of the world as a shared social space, and the advancement of the global political arena where; the politics of international social relations are used in the pursuit of power, national

The world has changed and has evolved into a society that works with social media, the internet and understanding the differences in diversity in society is not only vital, but mandatory to succeed and meet the goals of a company in today’s world. The importance of having diversity in today’s work world has never in the history been more crucial. There many different types of diversity in todays’ work force. These facets of such include religion, culture, race and disability, gender and age.

The world economy or global economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account

Economic globalization can simply call international trade, which refers to the world economic activities beyond the borders through the foreign trade,

Frequently, people are unclear of exactly what Globalization means. Globalization is the tendency of the world's economies to act as a single interdependent economy. It can be described as the increased movement of people, knowledge, ideas, goods and money across national borders to make the world more unified in a sense. Globalization is often thought of in economic terms but as we know there are other components with this idea like, economics, and cultures. There is a huge debate of whether or not globalization is positive or negative.

Globalisation can be defined as the movement toward economic, financial, trade, and communications integration by countries and their populations globally. It is a constant process and it has resulted in the intertwining and generalisation of the needs and wants of people

Workforce is becoming more diverse due to globalization (Podsiadlowski et al. 2013). Gillies (2014) explains that workforce diversity is the heterogeneous and differences among employees in terms of age, cultural background, gender, race, sexual orientation and other characteristics in the

The practice of world trade amongst countries has taken over the rate of domestic production. It has led to the free flowing of money across national borders, which opens doors for companies and investors to seek for best rates for financing anywhere across the globe. Such trend is known as globalization and Cullen & Parboteeah (2008) defines globalisation as the worldwide trend of borderless and interlinked world economies, and companies no longer restrain by domestic boundaries and possibly conduct any business activities throughout the globe.