2. Changes in socio – economic and political conditions are
bound to bring the changes in environment within the
organization.
R.ArunKumar,AP/Mech,RIT
3. 1. Workforce diversity:
The biggest challenge for an organization will be
accommodating diverse groups of people at work place.
If an organization succeeds in this, it can increase the
creativity and innovation.
R.ArunKumar,AP/Mech,RIT
4. 2. Changing demographics of workforce:
Increase in young workers, friends, women employees, etc.
Such workforce requires to be handled with circumspection.
R.ArunKumar,AP/Mech,RIT
5. 3. Changing employee expectation:
Organization have to redraw new methods of motivation such
as job design.
In terms attractive remuneration (housing, job security,
empowerment, etc.)
R.ArunKumar,AP/Mech,RIT
6. 4. Organization design and structure:
Designing an organization with foreign concepts such as quality
circles, TQM, etc.
R.ArunKumar,AP/Mech,RIT
7. 5. Technological up gradation:
In wake of technological advances, new jobs will be created and
many old jobs will become redundant.
R.ArunKumar,AP/Mech,RIT
8. 6. Management of human relations:
Satisfaction of employees.
Ego based on qualification of employees.
R.ArunKumar,AP/Mech,RIT
9. 7. Changes in legal environment:
Change in political situation, women working in night shift.
R.ArunKumar,AP/Mech,RIT
10. 8. Change in industrial relations:
Tie up with industries.
R.ArunKumar,AP/Mech,RIT
13. Indian business in the globalization:
New Industrial Policy (NIP) 1991.
Advances in technology in area of telecommunication,
transportation and IT have made possible the global business.
R.ArunKumar,AP/Mech,RIT
14. Globalization:
Globalization means integration of countries through
commerce, transfer of technology, and exchange of information
and culture.
R.ArunKumar,AP/Mech,RIT
15. Multi National Corporations:
An enterprise operating in several countries but managed
from home country.
R.ArunKumar,AP/Mech,RIT
16. Any company or group that derives a quarter of its revenue
from operations outside of its home country is considered as
MNC.
R.ArunKumar,AP/Mech,RIT
17. Advantages:
Inexpensive labor.
Availability of natural resources.
Favorable tax arrangements.
Fresh markets for products.
New jobs with higher pay and greater challenge.
Transfer of advanced technology.
Array of social benefits from sharing.
R.ArunKumar,AP/Mech,RIT
18. Disadvantages:
Competition from MNC affects local industry.
Utilizes local labour force at low wages to yield high profits.
Lack of development in local R&D.
R.ArunKumar,AP/Mech,RIT