Globalization And Organizational Behavior Essay

1093 words - 4 pages

To be successful in today’s global market, managers and leaders need to understand more than just technical skills. Managers and leaders should also understand globalization and organizational behavior. Globalization is the tendency of businesses, technologies, or philosophies to spread throughout the world, or the process of making this happen. The global economy is sometimes referred to as a globality, characterized as a totally interconnected marketplace, unhampered by time zones or national boundaries (Search CIO). Organizational behavior is a field of study that studies individuals groups, and structure. Organizational behavior applies the knowledge gained about individuals, groups, and the effect of structure on behavior in order to make organizations work more effectively (Robbins,2014).Gaining an understanding of globalization and its effect on organizational behavior is crucial to interacting effectively in the modern global economy. Globalization affects an organization’s behavior in several ways like stimulating hyper competitive pricing for a product or service, perpetuating continuous operations and communicating around the clock and globe, capitalism is replacing governmental control and organizations are no longer constrained by borders, and corporations are becoming more heterogeneous and adapting to people who are from different nationalities and cultures. To be successful in a global economy, professionals should have a thorough knowledge of sociology, psychology, communication, and management.
The global economy has enabled customers to enjoy a buyer’s market where the company with the most competitive price possible for a product or service receives orders from customers around the world. The burgeoning world market has created the widest value gap between developed countries and emerging markets. This value gap gives customers from developed countries extra buying power when they purchase products or services from emerging markets in less developed countries. Introduced in 1988, the MSCI is an index of 1606 internationally traded stocks it is managed by Morgan Stanley Capital International. The MSCI originally accounted for only about 1% of trading, today it accounts for about 10%. This is an indicator that as emerging markets become more popular with investors in developed countries more and more investors are looking abroad to maximize returns on investments and diversify their investment portfolios (Morgan, Stanley, 2014).
As a global organization grows larger, clear and concise communication becomes more important, but it also becomes harder to achieve. The main constraints to an organization that is trying to achieve global targets are: the lack of a shared vision between corporate leaders and frontline personnel, insufficient and ineffective use of financial resources, a lack of training and people development, and poor quality control are all issues that are related to poor internal communication. Global...

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