Globalization

Globalization reflects the growing interdependence of markets, economies and organizations across national boundaries (Herbert, 2000). In order to succeed in a rapidly evolving global market, it is essential that an organization respond to such changes at the speed of light. When strategically positioning itself within the global marketplace, an organization must consider the significant factors that influence of globalization. Such factors include economic, financial, political, and sociocultural changes which create new market standards for competition, productivity, …

… rise above the competition by following the wise words of James Robinson of American Express to “think global, act local”. References McCall, Jr., M.W., & Kaplan, R.E. (1990) Whatever It Takes: The Realities of Managerial Decision Making (Second Edition). New Jersey: Prentice Hall. Facione, P.A. (1996) Critical Thinking: What It Is and Why It Counts. Retrieved October 3, 2001 from the World Wide Web: www.kcmetro.cc.mo.us/longview/ctac/definitions.htm)