3. GLOBALIZATION DEFINED
•Globalization refers to the:
–“increasing integration of economies around the
world, particularly through trade and financial flows.”
–“movement of people (labour) and knowledge
(technology) across international borders.”
–“Globalization is “a process by which a given
local condition or entity succeeds in traversing
borders and extending its reach over the globe,
and in doing so, develops the capacity to rival
social condition or entity as local.”
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4. CHARACTERISTICS OF
GLOBALIZATION
•According to Thomas Friedman (2000),
globalization has the following characteristics:
–Free-market capitalism as the driving idea
–Dominant culture (“Americanization”)
–Spread of technology
–Demographic changes (migration)
–Power structure
•between nations and global markets
•between individuals & nations
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5. GLOBALIZATION: OPPORTUNITIES
•Offers extensive opportunities for
worldwide development
•More rapid & cheaper travel/transportation
•Free trade
•Spread of human rights/freedom
•More education opportunities
•Cultural understanding
•Access to information 5
6. IMPLICATIONS
•Biculturalism Values
•Cultural adaptability Behaviours
•Training Symbols
•Self-examination Diversity
•Change of behaviors Religion
•Time Space
•Language use Age
•Sensitivity Attitude
•Education
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12. COMPONENTS OF A
DIVERSIFIED WORKFORCE
Gender
Age
Racial and ethnic
Minorities
Other
Religious affiliation
Workforce Veteran status
Immigrants Sexual orientation
Diversity Expectations and values
Lifestyle
Physically and Skill level
mentally disabled Educational level
Economic class
Workstyle
Function and/or position
within the company12
