2. Nature of Globalization.
Multiculturalism.
Cultural predispositions.
Hofsede’s Cultural Dimensions.
Managing across Cultures.
3. Process of integrating world economies.
Evidence of globalization can be seen in the increased levels
of trade, investment flows and mobility of people across the
globe.
4. Rapidly developing economies have huge markets.
Many MNC’s are locating their subsidiaries in low wage and
low cost to reduce their cost of production.
Changing Demographics also add to increasing
globalization.
Regional trading blocks are adding to the pace of
globalization.
5. Declining trade & investment barriers have vastly
contributed to globalization.
The most powerful instrument that triggered globalization is
technology.
There is money in international business, and no
organization would wish to miss the opportunity.
Resource-seeking is another motive for firms going
international.
6. Globalization and Management
Globalization and Jobs
Globalization andWages
Globalization and Child labor
Globalization andWomen
Inequalities
7. Shift due to Globalization of the Indian Economy.
The Indian Organizations.
The Indian People.
8. An expatriate working in any country needs to imbibe local
culture.
He or she needs to acquire cross-culture competence while
working in host countries.
This is because different cultures exist in the world and the
international manager should have the knowledge and
competence to live with the diverse cultures.
9. Culture is a normative value.
It is a group phenomenon.
They are passed from generation to generation.
Dominant culture.
Subcultures.
Organizational culture.
10. Culture serves as a control mechanism that shapes
performance of he employees.
Culture promotes innovation.
It wields considerable influence on strategy formulation and
implementation.
It provides a sense of identity to members & enhances their
commitment to the organization.
14. Inequality is fundamentally good.
Everyone has a place; some are high; some are low;
Most people should be dependent on a leader.
The powerful are entitled to privileges and
The powerful should not hide their power.
15. Conflict should be avoided.
Deviant people and ideas should not be tolerated.
Laws are very important and should be followed.
Experts and authorities are usually correct and
Consensus is important.
16. People are responsible for themselves.
Individual achievement is ideal.
People need not to be emotionally dependent on
organizations or groups.
17. Gender roles should be clearly distinguished.
Men are assertive and dominant.
Machismo or exaggerated maleness is good.
People especially men should be decisive.
Work takes priority over other duties such as family
Advancement, success and money are important.
18. Increasing creativity and innovation.
Demonstrating more sensitivity in dealing with foreign
customers.
Hiring the best talent from anywhere.
Demonstrating a global perspective.
Creating a ‘super organizational culture’ using the best of all
cultures
Greater flexibility with in the organization both to adapt to a
wider range of environments and to change with in these
environments.
To evolve universally acceptable HR policies and practices.
