Globalization Questionnaire Term Paper

Globalization Questionnaire

What is globalization?

According to Keith Porter, "people around the globe are more connected to each other than ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. This phenomenon has been titled globalization." (Porter, 2001) Globalization is thus the greater interconnection and interdependence of organizations, corporations, governments, and individuals from different nations.

Three major drivers of globalization

One driving factor is the increased information flow, through venues such as the Internet, whereby formerly purely national companies can sell all over the world -- Seattle-based Starbucks can whet the appetite of an Indian consumer by purveying its French Roast online. The second factor is more fluid international money flow, facilitated by greater world democratization and capitalization, whereby investments in developing nations such as General Electric's forays into Hungary after the demolition of Communism, reap dividends and create economic networks across the world and increase the global outreach of companies and also create capitalistic corporate cultures once particular only within specific, developed nations.The third driving factor is individual, namely the increased pace and commonness of travel, whereby airplane travel has rendered the world more fast paced than before.

Explain at least four effects of globalization that impact your community and your organization

Firstly, today, all individuals in businesses must be more technically savvy, as even the smallest organization must deal with e-commerce -- and thus, secondly, individuals must be more culturally literate in cultures other than their own nation's and region, and better versed in the languages of different nations, so as better to converse with various purveyors and customers. Thirdly, marketing and advertising personnel must have an eye on the development of products that have the ability to reach and be of interest to consumers of a variety of….....