...Administrator (2009) Information Technology and Globalization Retrieved from: www.globalvision.org/library/7/970, 06/12/14 Berry (2013) The Impact of Globalization and Technology on Teaching business, communication: Reframing and Enlarging world view, methods, and content Retrieved from: http://journals.clute.com/index.php/AJBE/article/view/7483, 06/14/14 Blackman (2012) The Impact of Globalization and Information Technology on the strategy and profitability of the banking industry Retrieved from: http://ieexplore.iee.org/xpl/login.jsp?tp=3number, 06/12/14 Blaisdell, R. (2012) Mobile Technology and Globalization Retrieved from: http://cloudtweaks.com/2012/08/mobile-technology-and-globalization, 06/28/14 Bras, R. (2014) Information Technology Implementing globalization on strategies for quality care provided to children submitted to Cardiac Surgery: International Quality Improvement Collaborative Program- IQIC Retrieved from: www.scielo.br/scielo.php.pid-SO102, 06/12/14 Burbules, N. (2009) Liberalization, International integration, or broad-mindedness…inequalities, gaps, or divides between people…information age, informational capitalism or network society Retrieved from: e4gi.weebly.com/globalization---technology.html, 06/12/14 Burnside, K. (2009) How Globalization and Technology Change Business Retrieved from: http://smallbusiness.chron.com/globalization-technology-change-business.27306.html&usg, 06/12/14 ...
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...Globalization Starbucks is a global company. Globalization affects the four functions of management in many ways. Being that it is a global company there must be more use of the functions. It must be done on a larger scale than with a smaller company. The different sites have to communicate on the plans of action. It could affect the functions negatively , in that there are so many sites that need to be considered when planning. It could be hard to get all of the management team onboard at the same time., Technology Starbucks has always been on top of it in regards to technology. They are one of the first coffee places to offer free wi-fi. They are known for being an upscale coffee spot. This is where technology comes into play. Starbucks has to be on top of the technology scene being that they are a worldwide company. The functions can be affected by this fact. For the company to stay as successful as it is, they need to stay up to date with the latest technology. If it has the most up to date technology then it can interact with the stores with efficiency. Innovation Innovation parallels with technology. If the management team at starbucks is trying to get more innovative. They need to make sure they have younger management teams. The younger generations are able to think “outside of the box”. The younger generation is more up to date on the new technologies that are coming out. They have graduated recently so they know what the younger people are interested in. This...
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...one cannot enter a café or walk down the street without seeing someone talking, texting, or surfing the Internet on their cell phones, laptops or tablet PC. Information Technology (IT) is changing every aspect of how people live their lives. Technological advancement and IT development are the technological driving force for economic globalization. Over the past few decades advancements in information technology have had a marvelous effect on the global landscape.The argument will be presented, that innovation in information technology has been a major driving force behind globalization and that information technology has now become a key component of a corporation’s global business strategy.With the development of science and technology and increase of income level, industrial structures of all the countries have been also undergoing readjustment and upgrading. In recent years, developed countries in the west are gradually entering the era of knowledge economy and have started to shift to developing countries many labor-intensive industries of weak international competitiveness. This process of cross-country shift is pushing forward an in-depth development of economic globalization Technology shaped and set the foundation for modern globalization like innovations in the transportation technology such as commercial jet aircraft and the concept of containerization in the late 1970s and 1980s. Inventions of microprocessors and telecommunications enabled highly effective...
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...Globalization and technology have made an impact on the twenty-first-century workplace and with the impact certain jobs are at risk while other jobs will be unaffected in terms of eradication. Globalization is the act of extending anything to other parts of the world and this has made the ability to acquire people with unique talents and skill far easier (outsourcing) and has also led to cultural diversity while affecting those cultures as well. Technology has diminished the requirement of people that could do basic job operations such as collecting cash at a toll booth by replacing workers with computer systems. Globalization and has impacted the twenty first century workplace by blending workers from all parts of the world leading to cultural and demand change while technology has improved work output, created new workplace rules, and has begun removing basic jobs. Globalization has brought upon many changes to the workplace; one of these changes lead to companies hiring workers from foreign countries in order to save more money; this is known as outsourcing. An example of outsourcing would be as follows; a company that makes computers can hire people in India to talk to customers that require technical support with the computers. Since hiring workers in India is far cheaper than in America it would make perfect sense to Outsource workers for other tasks that can be done without the workers have to be in the office at the same place. Outsourcing, however, can be a problem...
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...MIDLANDS STATE UNIVERSITY Faculty of Commerce Bachelor of Commerce Honours Degree in Business Management Course: BM105: BUSINES LAW ASSIGNMENT QUESTIONS a) Discuss the method of delivery in a contract of sale b) Explain the seller’s warranty against latent defects a) Discuss the method of delivery in a contract of sale Ownership in a contract of sale is transferred by the delivery of the property from the seller to the buyer, agrees Hutchison et al, (1991). In a contract of sale, both the seller and the buyer have roles/obligations to play/perform to qualify the sale. Apart from making a payment by the buyer and receiving of the same payment by the seller, there need for the object sold or the merx to be delivered to the buyer. Delivery is effected by the physical hand over of the property to the buyer and there are several varieties or options to do so. Either the thing itself is actually handed over, which is actual or real delivery or the thing is not moved at all, but the circumstances are such that, while the thing is not moved at all, the physical control nevertheless vests in the transferee or buyer Different methods of delivery are used, depending on the object or merx in the transaction. The seller has an obligation to deliver the thing under sale to the buyer in time; however the seller has no obligation to transfer ownership to the buyer, as the law compels him to only transfer the merx. In Kleynhams Vs Wessels Trustee, the court observed that...
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...Current trends in Management of Agribusiness in the 21st century with respect to technology and their effects on Globalization By Christine Owondo e-mail - ch_owondo@yahoo.com Box 50685 – 00100 Nairobi -Kenya Date - 17th May, 2012 Q1. Discuss the current trends in management of Agribusiness in the 21st century with respect to technology and its effects on Globalization. The 21st century has widely been referred to as the “technology era”, largely due to changing trends in technology. New developments in agribusiness have emerged which have entirely transformed, not only the agricultural sector but the entire business environment. These include areas such as management and leadership, technology, changes in the environmental factors – ecological factors and the like. Traditionally management was viewed as an insignificant part of the organizational structure. Decision makers in the 21st century are more aware of the need to utilize resources more efficiently, both Human and non-human. In both cases there has been an improvement from the old to current. In management Managers had adopted a dictatorial rather autoritarian kind of leadership to achieve goals, mainly preferring a top down approach to work, resulting in high staff turnover and employee dissatisfaction. Decision making was less participatory. In the 21st century, the tall structure has been flattened so that bureaucracy is reduced. There is a more participatory approach to...
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...Why advances in technology and globalization of business and education are reducing cultural differences around the world? Nowadays, one of the most discussed questions is why advances in technology and globalization are reducing cultural differences and distances between countries. This was seen as a consequence of the rapid development of communication technologies, improvement of international business and education, establishment of free trade areas, and emergence of global cultures. It is also widely believed that, with the help of information technology, business can be conducted regardless of time or place. From all of the above, it is easy to conclude that cultural differences and distances are reducing around the world. To begin with, I would like to explain the definition of culture. Culture is a learned pattern of behavior, and is a way in which a person lives his life. Culture includes various aspects of beliefs, values, communication, norms, etiquette, food, art, clothing styles, etc. Every society has a different culture, which gives it an identity and uniqueness. To my mind, mainly cultures are different because of the different views on many things and different conditions in which people live. I would like to give a simple example. Some people who live in the desert are going to see the world differently from the people who live in a jungle. When they have to decide why the sky is blue, people living...
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...How changes in technology have contributed Q. Explain How Changes In Technology Have Contributed Towards Globalization Of Markets And Of Production? Answer: Technology has dramatically changed people's way of life all over the world and the world today has become a true manifestation of a global village. Not only the frequency of international travelling increased manifold but the possibilities of cross-border trading of goods and services have also increased exponentially. These impacts are collectively known as globalization. (Hill, 2009) defines globalisation as a process which enables individuals, organisations and governments from different natins to come across each other and interact in an intergative manner. The end result of such intergation would be an intergated globalised market system which can act as a melting pot of indivual economies of different nations. There are two ways in which globalisation can be envisaged, i.e. with the production perspective and thebmarket perspective. (Hill, 2009) defines the markets' globalisation as melting down and convergence of individually independent market places into an amalgamated market place. Sharing of the sources of production from different geographical locations for levaraging the quality and cost of the goods and services produces is the idea behind the products' globalisation. (Hill, 2009) Many institutions have been formulated to help manage, regulate and police the phenomena of globalization and to promote the...
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...communicate, share information and transport goods worldwide. The advancement in telecommunications and transportation has had major impacts on the globalization of markets and on production. The major rise of the Internet and the World Wide Web has directly impacted these technological advances. The development of microprocessors has also been a large factor. The growth of low-cost but high-powered computing has boosted the amount of information that can be processed by firms and individuals. Advances in telecommunication technology are a direct result of the microprocessor. Massive amounts of data and information are encoded, transmitted and decoded by microprocessors powering the telecommunications technology. Microprocessors have consistently dropped in prices as their processing power increases. This phenomenon between the relationships of cost versus power of microprocessors is known as Moore’s law. As Moore’s Law continues, the cost of global communications falls drastically. The lowered cost of communications and the ability for buyers and sellers to find each other online reduces the barriers such as location, time zones and scale. This allows businesses and individuals to have a global presence and control and coordinate their globally dispersed production systems. Major innovations have occurred in transpiration technology as well as telecommunications. Innovations such as commercial jet aircraft, containerization and super-freighters have shrunk the cost of transportation...
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...and Challenges for Globalization of the Manufacturing and Service Sectors Toletha Sylvester * * Technological advances domestically and globally have changed the way we live, conduct business, and view ourselves. Recent milestones and advances in our communication processes relative to information flow in digital form has spawned what has sometimes been referred to as an “IT revolution” (The Levin Institute). This technological revolution has done more than changed our everyday way of living at the micro-level, but has totally transformed and reshaped the various economies, markets, and business transactions of many countries and societies around the globe at the macro-level. * In particular technological advances have greatly increased a variety of opportunities as well as challenges for globalization of the manufacturing and service sectors. First, the United States has witnessed an enhanced and enriched global culture which has been facilitated by advanced technology (Alli, Winter, & May, 2007). As the United States continues to redefine what it means to change and modernize, so does the demand and interest in advanced educational attainment and product differentiation. Technology has by far had the greatest impact on the United States economy, education, transportation, information management, and knowledge transfer. * In order to truly understand globalization; one must define it....
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...Principles of Globalization Globalization is a process of collaboration and amalgamation among different cultural groups, a process driven by trade, investment and the advancement of technology. It creates a world where everyone is united and there is a single culture flowing through many different lifestyles, effecting environment, political systems, economic development and prosperity, and the physical well-being of individuals (www.globalization101.org). The concept of globalization has been in act for many years, however recently, the severity of the merging cultures is becoming much more apparent. There are many types of globalization, each focusing on a different aspect in today’s current world issues. Economic globalization refers to the integration of multinational and transnational companies around the world, the seek of global markets and the idea that more global wealth is needed. Moreover, technological globalization refers to the explosive growth of communications over the past 5 decades and how it is thoroughly spreading to many parts of the world. Through both of these types of globalization, we develop the cultural aspect of globalization, defining the harmonization of the world’s cultures to create a single union. It is inevitable that the world will eventually merge and be entirely westernized, however it is solely a question of whether or not this is a positive movement. The Main Players The never ending expansion of technology has drastically taken...
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...Advantages of Globalization: * Resources of different countries are used for producing goods and services they are able to do most efficiently. * Consumers to get much wider variety of products to choose from. * Consumers get the product they want at more competitive prices. * Companies are able to procure input goods and services required at most competitive prices. * Companies get access to much wider markets * It promotes understanding and goodwill among different countries. * Businesses and investors get much wider opportunities for investment. * Pooling of production of different areas can reduce adverse impact of fluctuations in agricultural productions in one area. Disadvantages of Globalization: * Developed countries can stifle development of undeveloped and under-developed countries. * Economic depression in one country can trigger adverse reaction across the globe. * It can increase spread of communicable diseases. Companies face much greater competition. This can put smaller companies, at a disadvantage, as they do not have resources to compete at global scale. According to Lewis Henry, business is a human activity directed towards producing or acquiring wealth through buying and selling of goods. Moreover, the term business means continuous production and distribution of goods and services with the aim of earning profits under uncertain market conditions. In my opinion the statement ‘the study...
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...Globalization Student Name Institutional Affiliation Instructor’s Name Globalization Globalization is defined as the change of social, economic and political structure among the companies, people and government of various countries, a process which is facilitated by investments and international trade enhanced by informational technology (Steger, 2009). This process has several impacts on economic development, environment and socio-economic structure evolving from Old Stone Age period up to this technological period. Globalization is not a new process. The current state of globalization has been facilitated by policies that have created opportunities both domestically and internationally. Different nations have come up with free market economic systems thereby increasing their productivity, creating employment opportunities and international trade among different states (Steger, 2009). Through international unions, many countries have taken advantage of free trade, which has enhanced the movement of goods and services from one nation to another, this has promoted foreign exchange in the global market, and therefore it is an international financial business and industrial structure. Technology has been one of the major contributors to globalization. Advancement in information technology for example telecommunication has fastened the global communication and links among different nations. This has helped to drastically transform many lives and ways of living. Technology has given...
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...Globalization and its Aftermath By Douglas Kellner Globalization has been one of the most hotly contested phenomena of the past two decades. It has been a primary attractor of books, articles, and heated debate, just as postmodernism was the most fashionable and debated topic of the 1980s. A wide and diverse range of social theorists have argued that today's world is organized by accelerating globalization, which is strengthening the dominance of a world capitalist economic system, supplanting the primacy of the nation-state by transnational corporations and organizations, and eroding local cultures and traditions through a global culture. Contemporary theorists from a wide range of political and theoretical positions are converging on the position that globalization is a distinguishing trend of the present moment, but there are hot debates concerning its nature, effects, and future. Moreover, advocates of a post-modern break in history argue that developments in transnational capitalism are producing a new global historical configuration of post- Fordism, or postmodernism as an emergent cultural logic of capitalism (Harvey 1989; Soja 1989; Jameson 1991; and Gottdiener 1995). Others define the emergent global economy and culture as a "network society" grounded in new communications and information technology (Castells 1996, 1997, and 1998). For its defenders, globalization marks the triumph of capitalism and its market economy (see apologists such as Fukuyama...
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...Globalization Nowadays people have become closer than before. Services and goods produced in a country will be available to sell in the other countries. We hear about globalization in the news every day, read about it in the news papers and hear people talking about it. Globalization is the interactively international and nearness of economies. The world is not a large and strange place anymore. We live in a place that is interconnected and intertwined. The world has become from a place that each country and their peoples are separate and isolated to a place that each country and their peoples are part of a global network. Thanks to globalization this is occurring. It is the process that has led to the diverse parts of the globe becoming much closer to each other (Slaughter and Swagel, 1997). Globalisation is the procedures by which the people around the world become connected to each other in all aspects of life, culturally, technically and politically, economically and environmentally. Globalization assists improving technology that benefits many people in throughout the world. By increased the spread of cultures, trade, information and creating options, Globalization can be highly beneficial to everyone by bestowing great fortunes on us. This essay will highlight some of positive and negative effects of globalization. Globalization is the ‘international integration” or ‘de-bordering’ – “a number of highly disparate observations whose regular common denominator...
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