... Global Negotiations Article Analysis Globalization has brought the world closer together and almost made it a requirement for businesses to develop plans and strategies to deal with different cultures. Businesses and managers must think on a more global scale and develop a global perspective to expand their businesses. In pursuing opportunities in the global marketplace, managers increasingly engage themselves in international business negotiations (Reynolds, Simintiras, & Vlachou, 2003). In this paper, I have decided to use an article that is an example of how a business failed in their negotiations overseas. I will also analyze the implications of globalization and technology on negotiation. International Negotiation Situation Article The article chosen for this paper involves Enron and their negotiations with the government of India and the Maharashtra State Electricity Board. The project proposal was for the construction of a US$3 billion power-plant in the town of Dabhol, situated on the Indian Ocean. There were many problems with the proposed project and the negotiations process that was undertaken by Enron. World Bank, acting as a consultant to the Indian government said that the project would produce an excess capacity of electricity for years and would be too costly in comparison to the more traditional sources of fuel, such as coal, already in use ("Enron’s Indian Negotiation Debacle " 1996-2012). The project was also too costly for the people and businesses...
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...GLOBALIZATION AND IT EFFECTS ON CULTURAL INTEGRATION: THE CASE OF THE CZECH REPUBLIC. INTRODUCTION I. AN OVERVIEW. With the growing standards of the world and the existing concepts and complexities in political, economic and socio-cultural ideologies, man has always and continuously pondered over the aspects of his nature. Unity, equality, trade and commerce are at the forefront of man's complexities. With these thoughts in mind, man has moved through history trying to satisfy his desires in relation to others. The advent of the twenty-first century gave birth to the idea of making the world a single village, thus, globalization. Globalization is the most talk-about issues in the 21st century. However, there is the difficulty of the world to come up with a single and uniform definition. This is because, so many people doubt if the happenings in the world today are as a result of globalization. Thus, due to these global differences of what this concept actually is about, globalization has grown to involve aspects not only of economy, but politics and other socio-cultural issues. Globalization affects almost every human being, this is because the process of globalization is said to have expanded almost through out the entire world either through transport, commerce, and communication. In addition, man’s activities on the globe are all located under these sectors. Culture, as a way of living of man, is identified by every one immediately after birth and was often...
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...Introduction This paper will describe the ERP Systems Implementation Project named STAR in Sony Barcelona Plant. The SONY Head Quarters would put Barcelona Plant as a pilot, and extend the experiences to the three European Plants even the global market. This paper will analyze the business situation in Europe and the problems in Ideal Factory as well as analyze the benefits and risks on continuing with the European STAR Project or defining an independent strategy. Situation summary STAR launched in mid 1997 in order to standardize the production and procurement processes, and apply information system in three SONY plants in Europe, however, the progress and results of the project was disappointing. Also, the Ideal Factory, which is with the initial arm of improving efficiencies and coordination among three plants in Europe, presented many problems and questioned by staff such as some plant managers. Therefore, Ferran Gil, the Plant General Director, affirmed that Barcelona Plant needed to define a new Plant model due to competitors' fast growth meant shorter production lifecycles and greater pressure in profit margins. There also have some different views on this issues. Some problems of implementing STAR Project 1. Cost. Because the project was centralized in London, the transportation cost would be high when project members had to attend the monthly meeting. Also, due to high consumption in Europe, three plants may be too much for this area. 2. Satisfaction. Each plant...
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...Should We As Consumers Resist Globalization? Introduction: Globalization is a controversial process that involves interaction and integration among people, companies, and governments of different nations, and it is driven by international trade and investment and aided by information technology. It affects every aspect of a person’s life, and it affects each person in a different way and on a different level. It can affect and greatly impact such things as religion, language, environment, geographic location, education, health care, employment, food products, clothing, and even music. Benefits of Globalization: Globalization can prove beneficial for some. According to an article on manufacturing.net website, author Mike Collins cites the benefits of globalization as (1) it promotes global economic growth, creates jobs, makes businesses more competitive, and lowers prices for consumers ; (2) it affords poor countries the opportunity to develop economically through foreign capital investment and technology and to create a democracy that respects human rights; (3) it helps raise the global economy, but only when the involved powers to be maintain mutual trust and respect for one another; (4) it provides a world-wide market for companies and comsumers to access products from other countries; (5) it a world power where politics are emerging and decisions are being made that are actually beneficial for people all over the world; (6) it creates a greater influx of information...
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...Globalization Globalization entails a conceptualized contemporary phenomenon encompassing the breaking down of borders, emergence of novel technologies and mixing of various cultures. The tern covers a range of aspects including economic, cultural and political trends. It also signifies the tendency of businesses and investment funds to cross national and domestic markets to other locations all over the world ending up strengthening the way various markets become interconnected, increasing international trade and enhancing cultural exchange. Globalization enables companies to draw workers from different cultural backgrounds and gain fresh insights into various cultures from the standpoint of marketing and management. The changes necessitate companies to learn the ways of dealing with the diversity and adopt new guidelines and policies. As more firms access foreign companies that provide outsourcing, employee wages tend to change significantly. The cultural, ethnic and religious diversity presents the need for increased employee training. Since more companies are operating on an international platform, employees begin working in foreign countries. With globalization it is relatively easy to manage projects from different corners of the world. Companies can also increase efficiency in their projects by comparing how other projects run in different parts of the world. Globalization has a huge impact towards increasing competition in the business world. The competition usually...
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...1 The Globalization of Thai Cuisine Sirijit Sunanta University of British Columbia, sirijit@interchange.ubc.ca Paper presented at the Canadian Council for Southeast Asian Studies Conference, York University, Toronto, October 14-16, 2005 Introduction Globalization literature underscores the flows of people, information, technologies, capital and ideas across national borders (Appadurai 1996). The contact between cultures following these transnational flows has resulted in the widespread exchange and transformation of cultural forms (Appadurai 1996, Featherstone 1995). Responding to the call from some transnationalism and globalization writers, such as Cook and Crang, for the need to ground globalization theory in specific empirical materials, this paper seeks to analyze globalization through the mundane, everyday consumption of food and drink, and by following a form of cultural commodity – Thai food, or Thai cuisine – on its transnational routes. I start by giving a historical overview of how Thai food has become internationalized and has reached a global audience in cosmopolitan cities around the globe. Based on empirical observation of Thai restaurants in Vancouver, I explore the processes Thai cuisine has undergone when it enters transnational space and serves a global clientele. My field research reveals that Thai restaurants in a North American city highlight the authenticity of the Thai taste while at the same time adapting to local food customs. 2 Although creative...
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...MULTINATIONAL MANAGEMENT COURSE OUTLINE (2007-09) The globalization of the world economy and the related liberalization of the Indian economy are radically changing the business landscape. The international capital flows into India have increased several-fold since the onset of liberalization; Indian companies are becoming multinationals in their own right--a trend certain to intensify in the coming years. All in all, multinationals are becoming more ubiquitous as an instrument of economic and business activity. The business leaders of tomorrow need to be trained today in the unique requirements of multinational management. It is toward this objective that the proposed course in Multinational Management is being offered. The course combines a number of sub-disciplines from the fields of social sciences and business administration. It is broad in sweep; its depth is pitched at the PGP level. The overall course is divided into four modules, as follows: Module I--International Business Context-- provides an historical perspective on globalization and presents a viewpoint on its future direction. It also covers some of the globalization drivers including international trade and investment and how they spawn multinational activity. The phenomenon of domestic and cross-border corruption and bribery, often an inherent part of such activities, is discussed. Finally, it postulates how countries and companies can develop competitive advantage and defines the implications...
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...DEMOCRATIZING GLOBALIZATION ZURIN MOHAMAD NOR University of Technology Mara, Institute of Graduate Studies, Kota Bharu, Kelantan, Malaysia mnzurin3003@gmail.com Abstract Decision making in a country represents an involuntary constraint on the sovereignty of the country in the process of globalization. The democracy system of the country may appear to be negative effects to the sovereign will of the people. The weaknesses of the democratic institutions and dependent economies on external sources will be suffering and vulnerable to the pressures of globalization. The strength of their democratic institutions, capacity to structurally diversify their economies and knowledge advances of their people itself toward development of their country can coping this democratizing issue in globalization. Keywords : Involuntary, globalization, democratizing 1.0 Introduction Globalization has been given many meanings in different contexts. One frequently encountered meaning is that globalization is the homogenization of peoples’ tastes and demand patterns around the world due to increased access to international communication of information about products and services as well as increased access to transportation of products and people across the borders (Carol Hammond and Robert Grosse). Globalization means that events in one part of the world have ripple effects elsewhere, as ideas and knowledge, goods and services and capital and people move more easily across border. Communication...
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...Managerial skills 5400: Research & development 8650: Electrical, electronics, instrumentation industries 9110: Company specific/case studies 9510: Multinational corporations Geographic Names: Japan Companies: Matsushita Electric Corp of America Duns:00-891-9813 Sony Corp Ticker:SNE Duns:69-055-3649 Abstract: As companies transfer their R&D activities abroad, they will have to confront a challenging management issue: how to successfully operate R&D laboratories dispersed around the world. Both Matsushita Electric and Sony seem to have coped with this issue successfully by introducing new management systems and practices - redefining the mission and goals of their global R&D, assigning two types of projects at the same time, rather than specializing projects among different labs, coordinating not by large-scale committees or meeting but through human relationships among a small number of top R&D mangers, drastically changing their organizational structures. It appears that both companies have already realized some of the anticipated benefits. Full Text: Copyright Industrial Research Institute, Incorporated Mar/Apr 1999 [Headnote] A long tradition of conducting R&D overseas has helped these Japanese companies adapt to changing competitive conditions. [Headnote] OVERVIEW: As companies transfer their R&D activities abroad, they will have to confront a challenging management issue: how to...
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...Proposed Research Work 1. Project Title: Redefining the Concept of Sovereignty in a Globalized World Order 2. Introduction The theme of the present paper is to analyze the effect and impact of globalization on the sovereignty of states. While pointing out the effect, impact and even the need of globalization, albeit in a structured pattern, in the present era, the author intends to examine the concepts of industrial revolution, neo-liberalization, international corporate governance, millennium development goals, the need for international institutions and the international regulatory framework in different areas like international trade, financial services sector, environmental protection etc., with a view to question the relevance of the traditional concept of sovereignty in the present globalized world. * Origin of the research problem: Research Question Whether the traditional concept of sovereignty of states has undergone a sea change in the wake of massive globalization? The Industrial Revolution which is referred to the period from the 18th to the 19th century brought the winds of change during which major changes in agriculture, manufacturing, transport, and technology had a profound effect on the socio-economic and cultural conditions of the human race. Starting in the United Kingdom, and then subsequently spreading throughout Europe, North America, and eventually the world, the Industrial...
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...Globalization is not new, though. For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in 1914. Map of the Silk Road But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development. Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion. Distinguishing this current wave of globalization from earlier ones, author Thomas Friedman has said that today globalization is “farther, faster, cheaper, and deeper.” But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development. Since 1950, for example, the volume of world trade has increased by 20 times, and from...
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...International Business ( Semester 2, 2014) * Topic 1: Context * Globalization: There is no agreed or consistent definition for globalization but the key features including: * Everything and everyone equal * Intensive and rapid flows cross border flows (eg product, finance) * Not just economic but social, culture also. * Implication for nation states (countries)- a loss on power for the countries on politically as well as economically. * “ Globalization is about growing mobility across frontiers- mobility of goods and commodities, mobility of information and communications products and services, and mobility of people” ( Robins 2000). * Globalization has become a leading concept in doing business during last few decades, there are various aspects of globalization that influencing in doing business such as Competition, exchange of technology, knowledge/information transfer. * Competition: there is increase in competition. It can relate to product, service cost, price, target market, technological adaptation, quick response, quick production by companies. Company needs to focus on production with less cost to sell cheaper in order to increase its market share. On the other hand, customers also have a large multitude of choices in the markets and it affects their behavior: they want to acquire goods and services quickly and in more efficient way than before with high expectation in quality and low prices. * Exchange of...
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...Manage in a Foreign Land Globalization is the growth in international business where we see the integration of economies throughout the world. A thorough understanding of a country’s culture will greatly facilitate globalization. Basic understanding of a country’s beliefs, language, attitude, communication styles, customs, relationships, values and work ethic are necessary in making a smooth transition of the kind this assignment refers to. This kind of cultural information is essential for developing an effective and realistic global strategy. To begin the transition, a team must be selected. It is important to select the right people for this team. We must first begin with conducting interviews. To begin the interviews, a manager may want to survey potential candidates through tools such as questionnaires, surveys and polls. This method will allow management to gain an understanding of individuals who may be interested in playing an integral role, such as team member. Some things to consider when selecting team members are potential challenges and cultural differences, which this paper will discuss further. Management may also devise a plan to determine the strengths, weaknesses, opportunities and threats, a member may have in order to effectively determine the role one will assume on the team. In brainstorming this matter, I have come up with a few bullet points I would consider in selecting my team: * Cultural values * Passion about international relations ...
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...International Management Globalization October 9, 2015 Globalization is the process of social, political, economic, cultural, and technological integration among countries around the world between nation and nation (Luthans and Doh). Globalization for every region, country, and city-state within a country has gone through globalization many times, in various different ways. There are many ways and reason for a country to go through globalization, by choice to advance and become relevant with the rest of the world, or by force by other nations. Globalization has a long history. The Greek globalization goes back all the way through ancient times. They began to spread across Asia in its southwestern sector, northern Africa and then onward to southern Europe. Alexander the Great would be a main reason as to how Greece provided its globalization matters into these other regions. In fact, there are cities named for Alexander in Iraq (Iskandariya), Egypt (Alexandria), and Turkey (Alexandria Troas) (Geo). When it comes to globalization there are many different factors that come into play as to what degree of globalization can occur. For Greece there were many positive factors in play. Physical characteristics such as the topography of the soil were a huge factor. There is also the vast presence of natural elements and the climate that goes along with it. If a country can globalize on what nature gives them on a daily, monthly or yearly basis, there is great reason to globalize...
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...Globalization can be defined as the global integration of different worldviews, economic outlook, cultural values, and in many cases vast exploitation of workers. Women of color and women of the Third World are highly subject to globalization and the exploitation it causes. Women in Asia are greatly affected by Globalization, both politically and economically. We see in many cases in Asia how this occurs such as, corporations’ exploitation of women, challenges for the women’s movement, and the issue of sex workers and foreign brides. With the issue of exploitation of workers in corporations it becomes clear that Globalization is a huge factor in the livelihood of women in these countries. The idea of work for women has changed, we are now seeing a shift of the type of work women are doing. Before “women’s work” entailed mainly work around the house or reproductive labor. Women are becoming a main part of the productive work force and are now a part of the formalized economy. We have seen a major shift in Malaysia where there has been a huge increase of women’s participation in the formal economy. Women have taken on manufacturing jobs, government jobs, and service jobs. Globalization and Global capitalism has encouraged industrialization in Malaysia and women have been forced out of their homes to move into the more urban areas where the Free Trade Zones are (Ariffin27). According to Ariffin, women made up about thirty-eight percent of the labor market in the 1990’s. Although...
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