Analysis of the Impacts of Globalization Samples †MyAssignmenthelp.co

Question: Discuss about the Analysis of the Impacts of Globalization. Answer: Introduction Globalization can be referred to the free locomotion of goods, services, information, capital and technology across the world. In other words, globalization is when businesses or other organizations have an international influence on an international scale regarding products, culture, transportation and communications (Benyon, Dunkerley, 2014). To a larger extent, Globalization has positively impacted the economy of the country as discussed; it has led to the creation of new ideas, opportunities, and markets that were earlier on not there in the country. For instance, it has opened greater opportunities to firms in countries that are less industrialized so that they can be exposed to larger and more markets around the world. By doing this, it has created more access to technology services, human capital, cheaper imports, capital flow and greater markets for export (Gerdes, 2006). Furthermore, globalization allows countries with less industrialization to become part of international supply chains and production networks in businesses. Therefore, the primary objective of this paper is to conduct an analysis of the impacts that globalization has brought to the current situation. That is, the paper will shade more light in relation to the positive as well negative impacts of globalization on an organization as well as to the life of an individual. In addition, the paper will also highlight the mechanism employed by various countries across the globe to adjust to the introduction of globalization. That is the country have to come up with strategies that will enable its citizens to benefit to the maximum from the benefits of globalization. On the other hand, the paper will also highlight on the possible e measures that can be employed by an organization or a country in order to avoid negative impacts that might cripple the effectiveness as well as efficiency of the operation in the country or a particular organization therefore attaining maximum benefits from globalization as compared to its shortfalls. Studies indicate that there has been an increase globalization currently because most organizations across the globe are experiencing high demands of their products, services as well as the benefits attained from the economies of scale thus contributing to the reduced cost of producing a particular product within the company(Gerdes, 2006). As a result, an organization will have an adequate resource for producing quality products that will meet clients expectation at any particular time. Therefore, market aspect comes into consideration in that themanagement of the company will have to export its products and services to various international market thus contributing to an increase in globalization. Globalization has also reduced poverty. This is due to the growth which increased by eightfold in GDP per capita and raised millions of people out of poverty by improving their living standards. Globalization has also created a better economy by introducing a rapid development in the capital market (Haugen, Mach, 2010). Not forgetting that, globalization has increased capital by preventing brain drain whereby, workers remain in their countries doing business other than migrating to industrialized countries in search of work. Besides that, it has also brought an impact on the cultural and political domain whereby, it has different ideologies and an onset of a democratic system which has an impact on politics (Hitt, Ireland, Hoskisson, 2017). More so, it has introduced a better trade due to many employees which at the end leads to more productivity. Significantly, globalization has resulted in a partnership between organizations and countries. For instance, agreements are agreed on b y both, and this builds better world cooperation regarding stable security for countries that want to remain prosperous and peaceful. Although globalization has greatly impacted the country positively, it is also important to note that globalization has contributed negatively to the economy of the country as discussed; it has resulted in competition among developing countries (Kuruvilla, 2016). This in return has led to race in which the countries standards are dangerously lowered due to the attraction of foreign investment. Also, globalization has contributed to the risks of banking and currency crises because of the volatility and volume flow of capital in countries with financial institutions which are weak. Moreover, international trade growth is worsening and the returns inequalities in countries which are either industrialized or less industrialized (Li, 2013). This is simply because of too much flow of capital which has led to the immoral and unfair distribution of income in many countries. Moreover, Globalization has also led to the loss of national integrity; this is due to too much exchange of money and t rade which has made the policies of domestic independent to be lost. Most importantly to note is that many people have also lost their jobs due to mental pressure on many companies. There are several critical issues affecting globalization as discussed; first and foremost, globalization uses up limited resources faster. As recorded, in December 2001, the world's market trade organization was joined by China. Though, its coal raised quickly in 2002 thus affecting globalization of the country (Li, 2015). Another critical issue is that globalization has increased the emissions of carbon dioxide in the world. This occurs when the coal is burnt, and another fossil fuel is not cut quickly, this necessitates the increase in the emissions of carbon dioxide. More so, the consumption of inadequate oil supply is transferred to developing countries. This has been a critical issue facing globalization because the worlds oil supply may not be growing yet the demand is high in evolving countries. Therefore, meeting this demand will require the oil to be brought from somewhere else, and thus evolving countries easily use higher priced oils compared to the developed countries (Git Replacement for the, 2014). Consequently, globalization enables jobs to be transferred from developed countries to developing countries. Which in turn makes hard for developed countries to compete, for instance, a low waged country, more expensive coal, and one that has pollution rules is in a position to out-compete the other country. Apart from that, the transfer of investment spending has been conducted by less developed countries. They have been able to move taxation to individual citizens from corporations, that is, they have the ability to move to locations with low rates of taxes. Besides that, it makes countries depend on each other regarding goods and services because they are cheap and can be obtained anywhere. Hence they dont have to produce their goods but depend on the imports (Waters, 2009). Another critical issue facing globalization is that countries are tied together. For instance, if the collapse of the country is noted, it is likely to wrinkle the system, thus dragging other countries with it. Therefore, about the critical issues discussed, there are several recommendations that if put in place will enhance the organizational performance; for example, monitoring and evaluating the performance of the job frequently will enable you to know how the workers are progressing and whether an improvement is needed in any case (Steger, 2010). Feedback received from monitoring will enable the country to check on whether it is globally progressing economically or not. Also, the motivation of the workers is very important because this will make them work harder and produce the best out of their work. In the long run, the productivity will be high, and the living standards of the people will be improved. Leading by example is also an appropriate recommendation that can enhance organizational performance. For example being a good listener, respecting the talents of the workers among others will put the workers in a state to perform well their duties and ensure prosperity in the organization (Sjursen, 2000). Another recommendation is that of enabling consumers to gather information easier because this will help them be aware of the alternative products in the market which will enhance the performance of the organization swiftly. By developing a strong friendship with the partner countries so that the goods and services can be transacted in ones country which is less developed. By doing this, the organizational performance will be enhanced. Also, developing a knowledge base about the diversity of the organization is very necessary for enhancing organizational performance. This is because; the workers in the organization will be aware of the where they are and where they are going regarding developing their economy globally (Sagar, 2016). Accountability creation among the management group will also help in enhancing the organizational performance. This is because, they will be able to measure how they are progressing in their economy, whether the living standards of people is improving and whether there are employment opportunities created by the members among other accountabilities that can lead to the growth of the organization (Ritzer, 2015). Accepting innovative ideas in the organization will also enhance the performance because this will help in redeeming the organization to a better state that it was earlier on. Moreover, conducting the current assessments of the organization can be very helpful in discovering the position that the organization is lying. Also, identifying the raw materials or resources to be used is very important (Patrick Li., 2016). This is because; any organization cannot run without the raw materials, therefore, identifying where they can be found is essential because it will make the organization run smoothly. Besides that, ensuring that the infrastructure and communications are well put has also culminated a great performance in the organization because it helps in coordinating the issuance of goods and services to different parts of the country. By making sure that the goods are transported well and in a proper time to avoid the goods from going bad and bringing losses to the organization. Importantly, the allocation of resources in time is very important so that resources can reach the specific places in time to avoid delays. This will help in the extension of quality work done and better feedback from the recipients. By creating a plan that displays the processes that will be analyzed for improvement so that the critical issues are well tackled, and in the long run, the performance of the organization will be in a better state (Miller, 2007). Besides that, the creation of employment opportunities to run the business of the organization is very important, as this will eliminate unemployment among many people and hence improving their standards of living which will, in turn, improve the business because all needs will be met by the employees. Furthermore, involving team building in running the business is essential because new ideas will be welcomed of which can help in uplifting the organizational performance to a greater level of prosperity (Li, n.d.). Finally, having a direct linkage with the partnership countries is also important because it can help in bringing developing ideas to the less developed country and train them how to conduct business and how to make profits out of it among others such that the less developed country can also be developed. This recommendation is very helpful in improving the performance of the organization at large. Therefore, to conclude, globalization has been featured as an aspect that has to be put into consideration by an organization to attain effectiveness and efficiency of operation. In this case, themanagement of an organization is expected to come up with realistic strategies that will enable it to maximize the benefits that come along with an increase of globalization. On the ot her hand, globalization has been featured to have some challenges that can cause various challenges to the smooth operation of the business. Therefore, it is recommended that themanagement of an organization should come with a reliable mechanism that will enable it to overcome the challenges of globalization thus being able to meet its clients expectation at any particular time and at the same time being able to make maximum returns from its investment. References Benyon, J., Dunkerley, D. (2014). Globalization. Hoboken: Taylor and Francis. Gerdes, L. (2006). Globalization. San Diego, Calif.: Greenhaven Press. Git Replacement for the. (2014). Washington, D.C. Haugen, D., Mach, R. (2010). Globalization. Detroit: Greenhaven Press. Hitt, M., Ireland, R., Hoskisson, R. (2017). Strategic management. Boston, MA: Cengage Learning. Kuruvilla, J. (2016). JIRA Development Cookbook - Third Edition. Birmingham: Packt Publishing. Li, P. (2013). JIRA 5.2 Essentials. Birmingham: Packt Publishing. Li, P. (2015). JIRA Essentials - Third Edition. Packt Publishing. Li, P. JIRA Agile essentials. Miller, D. (2007). Globalization. Detroit: Greenhaven Press. Patrick Li. (2016). JIRA 7 Essentials - Fourth Edition. Packt Publishing. Ritzer, G. (2015). Globalization. Wiley. Sagar, R. (2016). Mastering JIRA 7 - Second Edition. Packt Publishing. Sjursen, K. (2000). Globalization. Bronx, N.Y.: H.W. Wilson Co. Steger, M. (2010). Globalization. New York: Sterling Publishing Co. Inc. Waters, M. (2009). Globalization. London [u.a.]: Routledge.