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What Are Positives Negatives Of Globalization?

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2. What are some positives and negatives of globalization? A.- Globalization is an idea that involves the disappearance of the border for business purpose. Within this concept, interact three elements: the rise of a global village, a unique global market, and the growing of a special group of company. Globalization brings the interaction of the world’s economy with each other in order to create a huge market instead of many national markets. As we know, nothing interesting is ever completely one-sided. In one hand, in the positive side, with globalization, several electronic devices have been created, and as a consequence, the communication, measured in time and space, were severely improved. In addition, it builds worldwide markets …show more content…

3. What are the principal reasons for learning about international management? A.- Globalization brings the challenge to managers of dealing with operations that could be located in many places around of the world, even more in more than one at the same time. Managers need to be prepared to deal with foreign customers, partners, employees or suppliers. Knowledge about cultural aspects, technological or legal barriers, methods used to buy or sell in a specific country are a few examples of the kind of skills required in the global economy. Time ago, this knowledge could be preferable, but nowadays it is mandatory. 4. How do ethnocentric, polycentric, and geocentric managers differ? A.- As an international manager, you need to deal with workers, companies, employees, partners, and suppliers that could be around the world. In the selection process, managers have different points of views based on the geographic localization of the element. Based on this, they could be classified as ethnocentric, polycentric, and geocentric managers. An ethnocentric manager believes that its culture, language, and behavior are superior to all others. They believe that they can export the methods and practices of their home countries to any place. The polycentric managers think in opposite way than the ethnocentric. They take the view that native managers in the

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