New York Times Columnist Thomas Friedm The Inexorable Integration Of Markets, Transportation Systems, And Communication Systems

Globalization has, for better or worse, altered the economic arena for every country in the world. For many less developed countries, globalization has leveled the playing field so that their economies can compete with the larger, more developed ones such as the United States and other large western economies. For instance, technical engineers in India and China are now just as qualified as engineers in America, but at half the cost. The once large and prosperous service sector in the United States as well as telemarketing services have largely been sourced to India as a large exodus of American multinational corporations find cheaper workers who deliver comparable quality. This then seems to be the essence of globalization - businesses

Global managers are those who “understand different cultures and lead mixed-nationality teams” (Barnevik 2001, xi-xix). According to this explanation, global managers will work with colleagues and customers from other countries. Also they will manage and supervise people of different nationalities. So understanding another language other than their mother language and understanding different cultural implications will contribute to their successful management. Also they should develop business strategies and systems in a global background, which means they have to take various factors into consideration and react to changes in a timely manner. Global managers can face situations much more complicated than situations domestic managers face and sometimes effective approaches and methods can turn out to be ineffective for global managers. Or even worse, global managers may not be able to find a reason to conduct certain activities or an answer to explain their problems from business books or their previous experience in extremely complex environment. So they have to equip themselves with the ability to embrace changes and complexity. In summary, the following are competencies that a qualified global manager should have.

“Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world” (The State University of New York, 2014, para 1).

Technology has made the world a smaller place. Recent innovations in jets, satellites, and computers have made communication across the globe faster. People are now able to travel to any destination they want in less than a day, so why can’t businesses travel as well? Globalization intends to answer that question. New technology has increased worldwide trade and investment by allowing more companies to trade at a faster rate. Thomas Friedman considers globalization to be “farther, faster, cheaper, and deeper than ever before” (9). Multinational corporations that have entered globalization can now trade their business wherever labor is the cheapest.

According to Information System Today, (2014); Globalization will fall under all the categories of technology that move around the world “the greater international movement of commodities”. Globalization has change all aspect on how we do things, from ecumenical changes, cultural changes to technological changes. We are able to manage various things around the world with the comfort of our home (Schneider & Valacich, 2014). A perfect example of globalization would be the following: Leaving in Texas but having your clients or major business deals in Puerto Rico and been able to do it all from her home in Texas without having to do much traveling or no traveling at all. Been able to have conferences and meeting with different people around the

Globalization may be defined as the integration of the world 's people, firms and government. In the modern context, globalization is usually the result of closer ties in international trade, known as bilateral trade agreements. The WTO and NAFTA are two examples of such bilateral trade agreements. With such agreements, cross-country investment increases. This increase in investment is aided by the increase in information technology and communications, which has undergone a significant advancement over the last two decades with the rise of the Internet and mobile telephony (Green, 2013). It is important to the business to expand; global expansion and globalization would a positive business decision to complete in this process due to the strategic goals and objectives the company possesses. Healthy growth can be accomplished by globalization of specific areas selected and determined through research of market and development of these areas outlined within.

In this chapter the author David Kaplan wrote about globalization and how it changed international relations between countries. According to Kaplan, “globalization refers to the movement of capital , information, goods and services among huge multinational corporations, largely ignoring the traditonal role of national boundaries” (Kaplan 88). Many multinational companies have their headquarters based in some of the world cities. World cities are sometimes called global cities as well. An example of a multinational corporation in a world city would be the company that I work for which is Realtime Resolutions. Realtime is a collection agency. Our office headquarter office is here in Dallas and we have two other offices, one in Phoenix Arizona

Globalisation, in the most basic sense, could be defined as the growth of business activity communications and movements of individuals over the national, political and geographic boundaries (Johnson et al. 2014). According to Hill, there are two main facets of globalization, includes globalization of markets and production (Hill, Cronk, Wickramasekera, 2014). The historically different and distinctive national markets are integrating into a single huge global marketplace in which the perceptions and preferences of customers in different countries are beginning to unite as a single global standard; examples are McDonald’s hamburger (US), IKEA furniture (Sweden). The globalization of production allow firms to locate products and services from different sites around the globe in an attempt to make benefits of dissimilarities in the price and quality of elements of production, thus allowing them to compete more efficiently against their competitors; an example is Boeing’s 777 and 787 ‘Dreamliner’ commercial aircrafts (Hill, Cronk, Wickramasekera, 2014). According to Hill, globalisation is occurring because the advances in technology that have allowed people, goods, resources, money and data to travel around the globe from different locations faster than before; moreover, the reductions in trade and investment barriers have significantly increased business activities between states. The theory also states that there are two key drivers of globalization, includes the declining in

Globalization describes the process by which events, decisions and activities in one part of the world come to have the important status by individuals and groups in distant parts of the globe. By the way if the processes of globalization is faster to change, it will lead to turbulence in the markets in which organisations operate and set the stage for intra- and inter-organisational change as a reflection of the turbulent environment.

According to Friedman (2000 in Blythe & Zimmerman, 2005), globalization is the “inexorable integration of markets, nation-states and technologies to a degree never witnessed before-in a way that is enabling individuals, corporations and nation states to reach around the world farther, faster, deeper and cheaper than ever before, and in a way that is enabling the world to reach into individuals corporations and nation-states farther, faster deeper and cheaper than ever before.” Simply put, it is the connectivity of individuals and institutions across the globe or at least over most of it. Globalization basically ends up in the assumption that distinctions between national markets square measure attenuation and can eventually disappear because the world becomes a world village. It’s so safe to conclude that globalization may be a development that's here to remain and in and of itself, managers ought to create deliberate efforts to watch the worldwide surroundings to change their organizations to adapt to changes during this surroundings.

The most common definition of globalization is the process of global economic integration, creation of a unified legal, economic and informational space. However, this simplified definition does not address how boundaries and borders are reshaped, the shift of power from states to corporations, capital mobility and the impact it has on certain sectors of population. With globalization, there is a "market without borders.” Economic integration privileges the right of corporations. Corporations have the right to expand beyond borders, and exploit greater economies at scale; capital can be shifted to whatever countries which offer the most productive investment opportunities. It is important to note that while globalization

Recent research suggests that globalization is a myth. Far from taking place in a single global market, most business activity by large firms takes place in regional blocks. There is no uniform spread of American market capitalism nor are global markets becoming homogenized. Government regulations and cultural differences divide the world into the triad blocks of North America, the European

Globalization is one of the most powerful influences that organizations face (Benveniste, 1994; Harrison, 1994; Kanter, 1995). Information technology, communication, travel and trade that link the world are revolutionary in their impact (Harrison, 1994; Kanter, 1995, p. 11; Gates, 1999). Whether globalization is a source of provocation or inspiration depends on an organization 's preparedness to step up to the world playing field.

Business leaders have an urge to stay competitive. Globalization does not only create an opportunity acquired needed skills and knowledge, it also create other sorts of competitions locally, across the globe and virtually. While some organizations introduced outsourcing, some tried alliance when some just cut down some of their productions. The way business is traditionally done has begun to change. Rosen, Digh, Singer, and Phillips (2000) concluded that it has become widely accepted that "the world is at once borderless, multicultural and a burgeoning hybrid of cultures” (p. 22). Therefore, the future of management becomes another important issue as well as its impact on social changes in global environment.

An efficient business man is the one who is armed with the global leadership skills. To be an efficient global leader, it is necessary that you possess the global leadership skills. The trends of globalization, economic integration of nations through the multinational organizations are emerging and growing trends in the world today. The economic integration of different nations has made foray in the global business to achieve increased success. On the one hand, these integration and developments aims at achieving success in their new venture and on the other hand the multinational companies face with the problems of global leadership skills for the better management of the people in a multi national and cultural organization. This research paper tends to explain these trends whilst defining the terms associated with the problems of global leadership skills practiced in multi national organizations. This has called for the change in the role of the managers in international assignments.