Changes in competition which are being observed constitute both the result and condition of globalisation. The structure and degree of strictness of competitive fight influence directly the international development strategies of enterprises. Competition in a global dimension creates new systems of connections, as well as a new dimension of the quality of technological progress and new methods of obtaining competitive advantage. It extorts, so to speak, the creation of new models of organising, different ways of coordinating and configuring activities and cooperating with the environment. An important solution that allows to increase the enterprise efficiency functioning is cooperation on the following line: business – globalisation – knowledge. The purpose of this article is to introduce the relationship, as the latest trend inherent to the process of globalisation, playing an important role in the process of international expansion of enterprises. The aim of this article is to give an answer to the following questions: 1.Is there a correlation between business, globalisation, information society and global society? 2.What factors influence the development of business and the process of globalisation and can they be explicitly defined? 3.If there is a correlation between business, globalisation, information society and global society what is the most important factor in this relation?
Since the introduction of globalization process two centuries ago, multinational firms have managed to emerge as central institutions that regulate globalization processes and those that are facilitate trade practices in the global market. To get more details please visit here http://www.mbadissertation.org/sample-paper-on-organizational-behaviour/
Provides an overview of the social and economic forces that have combined to reshape modern organisations creating an imperative for change and renewal. The origins of globalisation are identified, and the heightened anti-globalisation protest activity at the turn of the century is highlighted.
Examines the phenomenon as well its impacts and possible ways of moving forward. Used for my presentation to Parliamentarians and invited guests in Bucharest, Romania, in the wonderful Palace of the Parliament in October 2015. There was a good discussion!
Since the introduction of globalization process two centuries ago, multinational firms have managed to emerge as central institutions that regulate globalization processes and those that are facilitate trade practices in the global market. To get more details please visit here http://www.mbadissertation.org/sample-paper-on-organizational-behaviour/
Provides an overview of the social and economic forces that have combined to reshape modern organisations creating an imperative for change and renewal. The origins of globalisation are identified, and the heightened anti-globalisation protest activity at the turn of the century is highlighted.
Examines the phenomenon as well its impacts and possible ways of moving forward. Used for my presentation to Parliamentarians and invited guests in Bucharest, Romania, in the wonderful Palace of the Parliament in October 2015. There was a good discussion!
Knowledge Society and Innovation. Strategies towards Knowledge Society.
Jumping the s-curve? Knowledge as critical production factor. Is capatalism over? Capability to be decisive for growth and development.
Contents:
I Positive impact of trade on inequalities within industrialized countries
II Increasing inequalities in developing world
III Moderate convergence between North and South
Globalization and Its Impact on Poverty in Pakistan(A Background Paper for t...idspak
This study looks at Pakistan’s experience in the light of the international experience and suggests key strategic steps that are necessary for Pakistan to maximize its growth and poverty reduction benefits from globalization.
Impact of globalization on organizational behaviourRaj Shravanthi
One of the other major environmental context impacting organizational behavior is globalization.
Today, well-known U.S.-based multinational corporations have more than half their assets overseas.
With trends toward similar clothes, entertainment, material possessions, and recognition that English is the international business language, people around the world still think and behave in different ways.
The starting point of how the globalization environment affects and is affected by organizational behavior is culture.
We study the impact of trade shocks on inequality using newly constructed micro and macro data. First, we use the Current Population Survey’s (CPS) Merged Outgoing Rotation Group (MORG) from 1979 to 2010 combined with new annual measures of imported inputs, a proxy for offshoring. We find that in periods when US relative prices are high, and imports surge relative to exports, workers in sectors with greater initial exposure to international trade were more likely to be unemployed a year later, but did not experience significant declines in wages conditional on being employed. Contrary to the usual narrative, we find stronger wage effects for higher-wage workers, particularly for those who are less-educated. Second, sectors most exposed to trade shocks do not experience relative increases in inequality. Third, using aggregate international data data on the top 1% share of income as an inequality proxy for 30 countries, we find that various trade shocks, such as increases in trade with China, are not generally correlated with inequality. Instead, using new historical data on top marginal tax rates, we confirm a close correlation between top rates and top income shares, and find that the level of top marginal tax rates impacts changes in the top 1% share of income, implying that top income shares are a function of historical marginal tax rates.
Read more: https://www.hhs.se/site
The development of the meetings industry is related to development of business tourism to cities. There is an increasing number of meeting venues and multifunctional arenas along with events and visitors. It is related to the growth of global and economic, political, socio-cultural changes and new technologies. The benefits of the meetings industry are result from the attractiveness of business tourism as a city product and a form of city promotion. The changes taking place in the meetings market encourage local government of cities, that are not capitals (so called "second tier cities”), to more actively apply for the organisation of large international events. The city administration that wants to develop business tourism in their area, has to take into account many conditions in their destination (city) management. The key external and internal factors affecting the development of business tourism second tier cities have been identified in the article. The methods of literature analysis of the subject, passive observation of events and data from previous publications have been applied for the research.
Current Shopping Trends In Slovakia/Jana Mitríková, Martina Marchevská, Irina...Igor Britchenko
Understanding the buying and shopping behaviour of current and potential consumers is essential in formulating a successful marketing strategy. It is no longer sufficient for companies to merely produce goods or provide services; companies must know who their consumers are, why they buy, when, where and at what price they buy, and what benefits they expect to gain from the purchase. Companies also need to identify how far consumers are willing to travel to make their purchases and whether the size of the sales area plays a significant role in their preferences. Retailers must also determine whether their customers prefer online shopping or want to buy and spend their leisure time in shopping centres. The paper aims at presenting the selected current trends in buying and shopping through elaborating an overview of the selected research studies and secondary data. The paper also gives an overview of contemporary trends in shopping, customer preferences with regard to types of retail outlets, e-commerce as such, buying and shopping in the online environment and, last but not least, the changes in consumer behaviour during the COVID-19 pandemic.
Role of Behavioural Finance in the Financial Marketinventionjournals
There are mainly two disciplines of financial market study viz. Conventional Finance and the recent development known as Behavioural Finance. Conventional finance foundation is mainly based on efficient market concept, Investor rationality concept and the modern portfolio theory developed by Markowitz. But till 1990 the conventional finance theories were not so been challenged. But from mid 90’s researchers have shows many shortcomings of the existing theory and particularly challenged the investor rationality concept. As a result a new paradigm known as behavioural finance has been developed. In this paper an attempt has been made to highlight the shortcomings of the traditional finance theories as pointed out by behavioural finance supporters and also a discussion on the significance of behavioural finance.
Life Insurance Company of Liability under Insured Fund Management Based On Go...inventionjournals
This important think for this research about the principles of Good Corporate Governance (GCG), which can serve as guidelines liability life insurance company and managing a fund. As we know that PT. Asuransi Jiwasraya (Persero) as one of the oldest companies in Indonesia who has experience with a range long enough, so that you have more opportunities to learn and make improvements in service quality improvement responsibilities in managing the funds of the insured. This research is supported by a variety of sources, both the primary and secondary as well as sociology of law, so that the journal presents about explanations and conclusions appropriate methodology and perspective of the data. GCG principles in life insurance companies studied in this journal aims to increase efficiencies, increase productivity, and improve the quality of care in the management of funds such as account for the insured. Business insurance is having great potential to support the national economy, a business that has managed by collect some premiums from public funds. In this case, legislation adequate and binding on Indonesia intended as optimal achievement in the field of supervision, resulting in the insurance business situation, especially the life insurance industry is transparent, healthy and able to do the best service to all stakeholders in the industry of life insurance business. But in reality, there are many insurance companies that fail in securing public funds that have been collected by the payment of premiums.
Knowledge Society and Innovation. Strategies towards Knowledge Society.
Jumping the s-curve? Knowledge as critical production factor. Is capatalism over? Capability to be decisive for growth and development.
Contents:
I Positive impact of trade on inequalities within industrialized countries
II Increasing inequalities in developing world
III Moderate convergence between North and South
Globalization and Its Impact on Poverty in Pakistan(A Background Paper for t...idspak
This study looks at Pakistan’s experience in the light of the international experience and suggests key strategic steps that are necessary for Pakistan to maximize its growth and poverty reduction benefits from globalization.
Impact of globalization on organizational behaviourRaj Shravanthi
One of the other major environmental context impacting organizational behavior is globalization.
Today, well-known U.S.-based multinational corporations have more than half their assets overseas.
With trends toward similar clothes, entertainment, material possessions, and recognition that English is the international business language, people around the world still think and behave in different ways.
The starting point of how the globalization environment affects and is affected by organizational behavior is culture.
We study the impact of trade shocks on inequality using newly constructed micro and macro data. First, we use the Current Population Survey’s (CPS) Merged Outgoing Rotation Group (MORG) from 1979 to 2010 combined with new annual measures of imported inputs, a proxy for offshoring. We find that in periods when US relative prices are high, and imports surge relative to exports, workers in sectors with greater initial exposure to international trade were more likely to be unemployed a year later, but did not experience significant declines in wages conditional on being employed. Contrary to the usual narrative, we find stronger wage effects for higher-wage workers, particularly for those who are less-educated. Second, sectors most exposed to trade shocks do not experience relative increases in inequality. Third, using aggregate international data data on the top 1% share of income as an inequality proxy for 30 countries, we find that various trade shocks, such as increases in trade with China, are not generally correlated with inequality. Instead, using new historical data on top marginal tax rates, we confirm a close correlation between top rates and top income shares, and find that the level of top marginal tax rates impacts changes in the top 1% share of income, implying that top income shares are a function of historical marginal tax rates.
Read more: https://www.hhs.se/site
The development of the meetings industry is related to development of business tourism to cities. There is an increasing number of meeting venues and multifunctional arenas along with events and visitors. It is related to the growth of global and economic, political, socio-cultural changes and new technologies. The benefits of the meetings industry are result from the attractiveness of business tourism as a city product and a form of city promotion. The changes taking place in the meetings market encourage local government of cities, that are not capitals (so called "second tier cities”), to more actively apply for the organisation of large international events. The city administration that wants to develop business tourism in their area, has to take into account many conditions in their destination (city) management. The key external and internal factors affecting the development of business tourism second tier cities have been identified in the article. The methods of literature analysis of the subject, passive observation of events and data from previous publications have been applied for the research.
Current Shopping Trends In Slovakia/Jana Mitríková, Martina Marchevská, Irina...Igor Britchenko
Understanding the buying and shopping behaviour of current and potential consumers is essential in formulating a successful marketing strategy. It is no longer sufficient for companies to merely produce goods or provide services; companies must know who their consumers are, why they buy, when, where and at what price they buy, and what benefits they expect to gain from the purchase. Companies also need to identify how far consumers are willing to travel to make their purchases and whether the size of the sales area plays a significant role in their preferences. Retailers must also determine whether their customers prefer online shopping or want to buy and spend their leisure time in shopping centres. The paper aims at presenting the selected current trends in buying and shopping through elaborating an overview of the selected research studies and secondary data. The paper also gives an overview of contemporary trends in shopping, customer preferences with regard to types of retail outlets, e-commerce as such, buying and shopping in the online environment and, last but not least, the changes in consumer behaviour during the COVID-19 pandemic.
Role of Behavioural Finance in the Financial Marketinventionjournals
There are mainly two disciplines of financial market study viz. Conventional Finance and the recent development known as Behavioural Finance. Conventional finance foundation is mainly based on efficient market concept, Investor rationality concept and the modern portfolio theory developed by Markowitz. But till 1990 the conventional finance theories were not so been challenged. But from mid 90’s researchers have shows many shortcomings of the existing theory and particularly challenged the investor rationality concept. As a result a new paradigm known as behavioural finance has been developed. In this paper an attempt has been made to highlight the shortcomings of the traditional finance theories as pointed out by behavioural finance supporters and also a discussion on the significance of behavioural finance.
Life Insurance Company of Liability under Insured Fund Management Based On Go...inventionjournals
This important think for this research about the principles of Good Corporate Governance (GCG), which can serve as guidelines liability life insurance company and managing a fund. As we know that PT. Asuransi Jiwasraya (Persero) as one of the oldest companies in Indonesia who has experience with a range long enough, so that you have more opportunities to learn and make improvements in service quality improvement responsibilities in managing the funds of the insured. This research is supported by a variety of sources, both the primary and secondary as well as sociology of law, so that the journal presents about explanations and conclusions appropriate methodology and perspective of the data. GCG principles in life insurance companies studied in this journal aims to increase efficiencies, increase productivity, and improve the quality of care in the management of funds such as account for the insured. Business insurance is having great potential to support the national economy, a business that has managed by collect some premiums from public funds. In this case, legislation adequate and binding on Indonesia intended as optimal achievement in the field of supervision, resulting in the insurance business situation, especially the life insurance industry is transparent, healthy and able to do the best service to all stakeholders in the industry of life insurance business. But in reality, there are many insurance companies that fail in securing public funds that have been collected by the payment of premiums.
Internal Control System in Perspective Personal Bankers (Case Study: Mandiri ...inventionjournals
The purpose of this study was to determine the extent to which the program improved by quality of service for customer satisfaction and loyalty premium associated with the bank's internal control system. The study used a qualitative approach by primary data and secondary data (interview semi-structured interview and documentation). Testing the credibility of the data can be done by way of an extension of observation, increased by diligence in research, triangulation, discussions with peers, negative case analysis and member check. In interpretive, how to learn the social groups and social structures created by express condition of experience and personal problems.
Prescription Modifying Marketing Factors: A Survey among the Clinicians in Ba...inventionjournals
It was aimed at finding out the important factors those influence the prescription preparation of doctors during their daily life consultancy. It was a descriptive, cross-sectional survey conducted by purposive, convenient sampling. 200 registered practicing doctors from different regions of Bangladesh were interviewed with the prepared self reporting questionnaire from February 2013 to October 2013. Questionnaire was prepared and finalized after pretesting. The measurement was made on the basis of 5 point Likert scale and data were analyzed by using SPSS 16 version and Microsoft Excel®. It was found that doctors consider company image, brand availability, regular promotion, easy brand name, scientific information, and personal experience related confidence with high preference. Promotional tools and representatives’ improvisation, low price of brands are relatively less sensitive to doctors. This study provides only selected aspects on pharma marketing; larger study may reveal the scenario more precisely.
Document Control Effectiveness in ISO 15189 Accredited Laboratoriesinventionjournals
ISO 15189 is the global quality management standard published by the International Organization for Standardization (ISO). Document control is one of the Key requirements of ISO 15189. It is considered Document control is the major quality element to establish a quality management system. The research study was carried out to understand the effectiveness of a document control system followed in accredited medical laboratories. It was the key objective to identify the importance of document control system hypothesis vs practical implementation and Challenges of Document control system implementation. It was really hard to categorize the implementation status of document control, but I have tried to analyze it. In the study volume of up to date control document usage in functional area is estimated. Various effects of document control are also analyzed before implementing the accreditation system and post accreditation system. A structured document control system is also observed and compared with pre and the post accreditation system. In the study all reported events are analyzed to find out out the reported event in related to document control system. Risk analysis of document used in the laboratory is also analyzed. Total risk scoring is done based on the document risk involvement. Major challenges observed in the manual document control system. A suggestive idea is prescribed in the improvement of a document control system.
Determinants Of Customer Participation In Online Shoppinginventionjournals
This research aims to examine and explain the determinants of customer participation in online shopping.The approach of Partial Least Square (PLS) with Smart PLS software is employed in this study to analyze cross section data and prove the hypotheses proposed in the research. The sample of the study includes students of Mulawarman University who used to do online shopping. The participants were recruited through snowball technique.This study shows that only five of the nine hypotheses are supported; the other four are not supported or accept Ha and reject H0. The construct of the ability of vendor has a positive effect on trust, but not significant. Furthermore, the ability has a significant negative effect on transaction-perceived risk. The ability to influence vendor participation in online shopping has no significant effect, while experience has a significant positive effect on trust. On the other hand, experience has a significant negative effect on transaction-perceived risk. Experience has a significant positive effect on online shopping participation. Trust has a significant negative effect on transaction-perceived risk; however, it has a positive influence on online shopping participation, yet not significant. Last, perceived-transaction risk has an insignificant positive effect on online shopping participation
The Importance of E-Commerce in Terms of Local Development: A Study in Turkey1inventionjournals
Internet is a great technology as well as a vast information storage, communication tool, trading platform, education field, business and entertainment environment. Internet is also the front door of the change and development and especially of the information community that is the bearer and courier of the development existing in the scientific and technologic fields. For this reason, E-commerce, which leaves its mark on the world market and gains more importance against the classic type of trade, also occupies a quite important position in national economy. The objective of our study is; to examine this commerce platform that is established as of today in city of Gümüşhane (Turkey) and to research the potential of E-commerce with regards to national economies and the factors that effect this potential.
The Principles of natural justice in public administration and administrative...inventionjournals
: According to S.B.M Marume (1988) and J.M Stevens (1982:279), it is maintained that in many democratic societies both developed and developing ones where administrative adjudication affects the rights of an individual, the common law principles of natural justice require that an individual citizen affected by a decision should: be given a fair hearing; that s/he be informed of the case against him/her; be given an opportunity to prepare and present his/her case and that the institution taking the decision be unbiased.
Assessment of CSR Law in Companies Act, 2013 – An Analysis of the Performance...inventionjournals
Introduction: The new law making CSR expenditure and reporting mandatory for certain companies is a new chapter in the Indian corporate world and has provided a necessary boost to the status of companies’ responsibility towards the stakeholders, and transparency and accountability of their actions. Need: The mandatory 2% spending of profits on CSR activities got mixed reaction from corporate executives. To ensure that the enforcement of the law isn’t limited to the term “cheque-book CSR”, regular exploration of the companies’ CSR expenditures and their consequent outcomes is absolutely essential. Objective: The paper aims to assess the outcome of Section 135 of the Companies Act, 2013, in the first year of its implementation among the BSE-SENSEX companies. Research methodology: Secondary sources were utilized for collecting profits and CSR expenditure figures of the selected 30 companies for conducting an ex-post analysis for the year 2014-15. Key findings of the study: Less than 15% of the BSE-SENSEX companies had spent on CSR activities an amount that is equal to or greater than the stipulated 2% of the average profits of the preceding 3 years as per Section 135 of Companies Act, 2013. Implications: Immediate attention of regulatory bodies is desired towards companies failing to dispense the funds earmarked for CSR as stipulated by the law to ensure compliance.
The Influence Of Organizational Culture, Task Complexity and, Competence On J...inventionjournals
This study analyzes the Influence of Organizational Culture, Complexity Duties, Competence on Job Satisfaction, Organizational Citizenship Behavior, And Performance Hospital Nurse Army Kodam VII / Wirabuana In Sulawesi. The design of this research is a comparative study with the causal approach. The study population was all nurses Army Hospital Kodam VII / Wirabuana in Sulawesi amounted to 1,180 nurses. The number of samples used were 298 nurses. Methods of sample selection is done by purposive random sampling. This data analysis technique is using Structural Equation Modelling (SEM). Based on analysis results and hypotheses testing, the conclusions of this research are the organizational culture dominant influence on job satisfaction of nurses in RSAD Kodam VII / Wirabuana Sulawesi; the organizational culture dominant influence on organizational citizenship behavior (OCB) nurses in RSAD Kodam VII/Wirabuana Sulawesi and Cultural organizations dominant influence on the performance of nurses in RSAD Kodam VII/Wirabuana Sulawesi.
Luxury Fashion Market In Nıgerıa: The Impact Of Consumers’ Socio-Economic Sta...inventionjournals
Nowadays any good or services termed ‘Luxury’ has been elaborated to mean more than price. Luxury products provide more than ordinary and necessary comfort or features.When compared to other products, it is evident that their price is relatively higher, they are rare, high in quality and aesthetical. In this study, we investigate the relationship between consumers’ socio economic status on their decision making on international luxury fashion brands and the effect of this socio economic statuson consumers’ behavior, perception, purchase decision and social value dimension. The study describes the result obtained from a survey conducted on 182 respondents who either works or lives in Lagos or Abuja, Nigeria. About 50 percent of the respondents are within the working ages between the ages of 31 to 40 years. It could be deduced also from the result that many of the respondents are middle aged and in their active years. Based on the factor analysis conducted in our research, consumers want to purchase luxury products that are not produced en masse, consumers buy a product because of its status and most consumers are interested in new products with status regardless of the price as long as the quality is superior to other brands. The results of the research indicate that socio-economic status of consumers(Gender, Civil Status, Age, Education, Social Status, and Personal Income) has great influence on consumers’ behavior, consumers’ perception, consumers’ purchase decision and social value dimension of international luxury fashion brands
The effects of political connection on corporate social responsibility disclo...inventionjournals
This paper examines the effects of political connection on CSR disclosure. The measurement of political connection is separated into two which were government ownership and representation of politicians on boards. From a sample of 300 non-financial companies listed in Bursa Malaysia for the year 2013, results from the regression analysis show that government ownership positively influences CSR disclosure. However, we are unable to find any significant effects of having politicians on boards on CSR disclosure. Findings from this study add to the literature on the impact of political connection on CSR disclosure. They also broaden the literature on the different effects of different political connection proxies on CSR disclosure from a developing country that is now economically recognized by the global community.
Improving the quality of service through the application of CRM in insurance ...inventionjournals
Nowadays the quality of service is becoming increasingly important in insurance product differentiation in terms of strong competitiveness. In order to be successful and to survive in the conditions of this competition, providing high quality service have special importance for any company or economic enterprises, in particular in the insurance industry . Even in Albanian insurance companies today are being dedicated more and more attention to increasing the quality of services. The relationship between service quality and customer satisfaction has received considerable academic attention in recent years. This article explores the impact of CRM on customer satisfaction and their retention in insurance companies in Albania. Primary data were collected using a structured questionnaire with questions related to CRM, its impact on customer satisfaction and loyalty to the insurance companies in Albania. Secondary data were analyzed using data published by the FSA (Financial Supervisory Authority). The findings of the study provide that CRM can impact positively on the customer satisfaction and their loyalty to the insurance companies. If the insurance company retains relationships with its customers, customer loyalty to the company will increase, therefore, a CRM application will increase customer satisfaction
Exploring the relative effects of Selling Skills on customer satisfaction: A ...inventionjournals
The purpose of this study is to analyze the relationship between salespersons selling skills and customer satisfaction. Those skills include interpersonal, salesmanship and technical skills. The research is designed by a model. The model replicates a relationship of selling skills and customer satisfaction. Cronbach Alpha is calculated to evaluate the reliability of the study. Sample data was collected through online and on spot survey. The findings show that there is a strong relationship between salespersons selling skills and customer satisfaction. Technical skills contributed more to the customer satisfaction. Moreover, customer is not satisfied with current condition of hardware market and selling skills scored very low. The study finally suggests SMEs of Khulna City to take steps for improving salespersons selling skills as those are related to customer satisfaction thus relates to organizational performance
Criteria for Investing In the Market of Visual Artsinventionjournals
The market for visual arts develops a complex activity requiring the identification of many key variables to establish valid investment criteria, as to obtain reasonable profits. This makes it necessary to differentiate the intention of the purchase between investment and collection. Then, setting as the central axes of analysis the piece and the artist, the trajectory of iconic and emerging elements are investigated and compared, to identify the criteria that the buyer should consider when purchasing a piece of visual art, due to the way this economic activity is segmented, precise parameters are required to make an investment.
Sustainable Leadership Competency Model Leading To Business Growth and Develo...inventionjournals
This study identified a sustainable leadership competency model leading to business growth and development for developing healthcare executives in Kolkata, India based on the Healthcare Leadership (HL) Model. Eleven chief executive officers and chief medical officers were interviewed. They considered 86% of the Healthcare Leadership (HL) competencies as very important or vital and perceived a gap in the performance of these competencies. They also identified additional vital competencies beyond the scope of the model. Participants also reported that leadership development and succession planning programs were lacking. Recommendations are to design a leadership development program using the HL model as a framework and further customizing the approach as per the organization’s unique mission, vision, strategy, values, and circumstances. The HL is offered as a general strategy for leader development that could be useful in the growth and development of Indian private healthcare industry, based on some “best practices” in the design and implementation of the leadership programs.
Tourism as a multiplier effect in economy: the case of Albaniainventionjournals
Tourism is an important economic activity in most countries worldwide. This sector has significant direct and indirect impact in the economy. The determination of the multiplier effect of tourism is very important part of economy. The multiplier effect measures the expenditures done on other part of economy, rather than tourism. Tourism not only creates job but also encourages growth on other sectors of industry.
Stock Market Integration of Asean+6 on Indonesia Composite Stock Price Index ...inventionjournals
The impact of economic globalization allow intertwined relationships and interplay between capital markets in the world. Attractive financial instruments and are commonly used as an alternative to investing in the stock market one of them is stock.This research aimed to analyze the relationship of the integration of ASEAN + 6 long term and short term stock market on Indonesia Stock Price Index (JKSE), to test the effect of ASEAN + 6 stock market shock on Indonesia Stock Price Index (JKSE) and provide managerial implications that could be performed by investors. Method that used in this study is VAR/VECM. Result show that PSEi, Kospi and BSESN have positive correlation toward JKSE, while SET, NZX50, and SSE have negative correlation toward JKSE. In short term, PSEi and Kospi show negative correlation toward JKSE. Stock price index KLSE, Nikkei225, STI and AORD show no influence toward JKSE. PSEi, Kospi and BSESN stock price index shock have effect to increasing JKSE in long term, while SET, NZX50, and SSE stock price index shock have effect to decreasing JKSE in long term. For those investors who invest in the BEI shall observe the movement of the stock price index of the Philippines (PSEit), the stock price index of the Republic of Korea (Kospi) and index stock price index of India (BSESN) as a reference or consideration for investment decisions. Investors from Indonesia may invest in Malaysia, Japan, Singapore and Australia where the three countries based on test VECM have no effect on Indonesia Composite Stock Price Index.
Effect of Ability, Motivation and Personality of Satisfaction And Performance...inventionjournals
The phenomenon of poor performance lecturer in Palopo is a reflection of the lack of ability, motivation and personality as well as the satisfaction of the lecturer. This allegation must be substantiated and find a way out, because of the ability, motivation, personality and satisfaction as well as high-performance lecturer who indicated that higher education institutions in Palopo have been managed well. This study aims to determine the level of ability, motivation, personality, satisfaction and performance lecturer in Palopo. Furthermore, to obtain empirical evidence about the influence of ability, motivation and personality on satisfaction and performance lecturer in Palopo. This research was conducted using survey methods explanation (explanatory survey method). Sekmen studied is a college lecturer in Palopo as many as 454 people, then through the technique of random sampling tratified been as many as 140 lecturers as the unit of analysis. The unit of observation in this study is a lecturer who has served at least five years. To test the hypothesis of the study used methods Partial Least Squares (PLS) PLS program Warp 4.0. Results of this study through descriptive statistics calculation test results indicate that the ability, motivation, personality, satisfaction and performance of lecturers enter in good category. The result of the hypothesis proposed by the researchers, the resulting ability not significant effect on satisfaction and performance lecturer, motivational significant effect on satisfaction remains no significant effect on the performance of the lecturers, personalities significant effect on satisfaction and performance of lecturers and satisfaction significantly influence the performance of lecturers. Of the seven hypothesis the researchers, there are four accepted (significant) and adan three were rejected (not significant). Effect of variable ability and motivation through mediating variables that satisfaction does not contribute to the improved performance of lecturers, but personality variables contribute both to improving the performance of lecturers through the variable satisfaction as mediating variables. These results indicate that the ability not contribute either to the improved performance of lecturers in Palopo. Therefore, it should be done in order to improve the performance of lecturers are further studies to pursue higher education, good teaching, doing research as part of education, often following scientific forums, research publications and frorum communication fellow lecturers and mastery of information technology.
Audit Response to Money Laundering by Financial Institutions: An Economic Per...inventionjournals
This article focuses on the interplay between a corporation (its executives and managers) and auditors in the presence of an opportunity to launder funds. Auditor responsibilities to detect illegal acts are significantly different than their responsibilities to detect fraud. In addition the changing audit and business environment conspire to complicate the role of the auditor. The paper begins with a discussion of crime by organizations. This is followed by a review of auditor responsibilities to detect irregularities and illegal acts. Economic theory is then used to analyze auditor payoffs and incentives related to client money laundering activities. The paper concludes with recommendations for both practice and future research.
This article reviews the phenomenon of globalization, its essence, content and causes are analyzed in various aspects. The special attention is paid to the cultural aspect, opinions of sociologists on the distribution of heterogeneity of world culture and globalization of culture its causes and consequences are analyzed. The theme of global languages and the problem of preserving cultural identity and heritage of different nations and peoples are also revealed. by Dinara Abdunayimova 2020. Globalization, its essence, causes and consequences. International Journal on Integrated Education. 3, 9 (Sep. 2020), 28-32. DOI:https://doi.org/10.31149/ijie.v3i9.583. https://journals.researchparks.org/index.php/IJIE/article/view/583/557 https://journals.researchparks.org/index.php/IJIE/article/view/583
Nigeria and Global Competitiveness: Imperative for International Trade a Comp...inventionjournals
This study is aimed at examining the level of Nigeria’s global competitiveness in relation to some selected economies in Africa and to establish the links between international trade and global competitiveness. In conducting the study secondary data were sourced from the Africa Competitiveness report 2015 and the Global Competitiveness report 2014- 2015 as point of reference and in providing the data necessary for the analysis. Descriptive statistics was used in analyzing the data provided by the insight reports while comparison was made with six African oil exporting countries. Findings showed that Nigeria is having a weak performance in almost all the factors considered with a very dismal performance in its institutions, health and primary education and infrastructure to change this position to a positive one, the Nigeria economy should be transformed by diversifying the economy from crude oil dependence to a multi sector driven economy.
Impact of Information Technology on Global Business Strategies: Globalization...ijtsrd
This study investigates the dynamic effect of information technology infusion into global business. The information technology industry is growing at a rapid pace. Information Technology [IT] is playing an ever-increasing role in supporting business strategies and transformation, with e-business lending new visibility to technologys strategic role. Information technology is a vital part of todays global economy. Indicators show that it will continue to increase in importance during the next decade. IT already impacts almost all aspects of the workplace and most of everyday life. This study will illustrate the effect of digital technology on global business. Prof.Dr. Roshan S. Patel"Impact of Information Technology on Global Business Strategies: Globalization Effect" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-5 , August 2017, URL: http://www.ijtsrd.com/papers/ijtsrd2390.pdf http://www.ijtsrd.com/management/randd-management/2390/impact-of-information-technology-on-global-business-strategies-globalization-effect/profdr-roshan-s-patel
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Er. Bhavi Bhatia
e-mail: bhavi.bhatia.411@gmail.com
Phone: +91-9779703714, +91-9814614666
Globalisation has become associated with difficulties for less-skilled workers, inequality and a general sense that it is not working for large sections of society, in both advanced and emerging economies. There is much to be done with domestic policy to improve outcomes, but there is also a strong need for better alignment of domestic and international policies and a more level playing field in the cross-border activities of businesses.
This booklet reproduces highlights from the 2017 edition of the OECD Business and Finance Outlook which focuses on ways to enhance “fairness”, in the sense of strengthening global governance, to ensure a level playing field in trade, investment and corporate behaviour, through the setting and better enforcement of global standards.
Find out more here http://www.oecd.org/daf/oecd-business-and-finance-outlook-2017-9789264274891-en.htm
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Immunizing Image Classifiers Against Localized Adversary Attacksgerogepatton
This paper addresses the vulnerability of deep learning models, particularly convolutional neural networks
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introduce a novel volumization algorithm, which transforms 2D images into 3D volumetric representations.
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Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdffxintegritypublishin
Advancements in technology unveil a myriad of electrical and electronic breakthroughs geared towards efficiently harnessing limited resources to meet human energy demands. The optimization of hybrid solar PV panels and pumped hydro energy supply systems plays a pivotal role in utilizing natural resources effectively. This initiative not only benefits humanity but also fosters environmental sustainability. The study investigated the design optimization of these hybrid systems, focusing on understanding solar radiation patterns, identifying geographical influences on solar radiation, formulating a mathematical model for system optimization, and determining the optimal configuration of PV panels and pumped hydro storage. Through a comparative analysis approach and eight weeks of data collection, the study addressed key research questions related to solar radiation patterns and optimal system design. The findings highlighted regions with heightened solar radiation levels, showcasing substantial potential for power generation and emphasizing the system's efficiency. Optimizing system design significantly boosted power generation, promoted renewable energy utilization, and enhanced energy storage capacity. The study underscored the benefits of optimizing hybrid solar PV panels and pumped hydro energy supply systems for sustainable energy usage. Optimizing the design of solar PV panels and pumped hydro energy supply systems as examined across diverse climatic conditions in a developing country, not only enhances power generation but also improves the integration of renewable energy sources and boosts energy storage capacities, particularly beneficial for less economically prosperous regions. Additionally, the study provides valuable insights for advancing energy research in economically viable areas. Recommendations included conducting site-specific assessments, utilizing advanced modeling tools, implementing regular maintenance protocols, and enhancing communication among system components.
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Saudi Arabia stands as a titan in the global energy landscape, renowned for its abundant oil and gas resources. It's the largest exporter of petroleum and holds some of the world's most significant reserves. Let's delve into the top 10 oil and gas projects shaping Saudi Arabia's energy future in 2024.
Overview of the fundamental roles in Hydropower generation and the components involved in wider Electrical Engineering.
This paper presents the design and construction of hydroelectric dams from the hydrologist’s survey of the valley before construction, all aspects and involved disciplines, fluid dynamics, structural engineering, generation and mains frequency regulation to the very transmission of power through the network in the United Kingdom.
Author: Robbie Edward Sayers
Collaborators and co editors: Charlie Sims and Connor Healey.
(C) 2024 Robbie E. Sayers
Fundamentals of Electric Drives and its applications.pptx
Correlation and dependence between: Business –Globalisation - Information Society and the Global Society
1. International Journal of Business and Management Invention
ISSN (Online): 2319 – 8028, ISSN (Print): 2319 – 801X
www.ijbmi.org || Volume 5 Issue 1 || January. 2016 || PP-39-45
www.ijbmi.org 39 | Page
Correlation and dependence between: Business –Globalisation -
Information Society and the Global Society
Agnieszka Rzepka1
, Ph.D., Bogusław Ślusarczyk , Prof.2
1
Department of Economics and Management of EconomyLublin University of Technology, Poland,
2
Department of Macroeconomics and International Relations, Faculty of Economics, University of Rzeszów,
Poland
ABSTRACT :Changes in competition which are being observed constitute both the result and condition of
globalisation. The structure and degree of strictness of competitive fight influence directly the international
development strategies of enterprises. Competition in a global dimension creates new systems of connections, as
well as a new dimension of the quality of technological progress and new methods of obtaining competitive
advantage. It extorts, so to speak, the creation of new models of organising, different ways of coordinating and
configuring activities and cooperating with the environment. An important solution that allows to increase the
enterprise efficiency functioning is cooperation on the following line: business – globalisation – knowledge. The
purpose of this article is to introduce the relationship, as the latest trend inherent to the process of globalisation,
playing an important role in the process of international expansion of enterprises.
The aim of this article is to give an answer to the following questions:
1.Is there a correlation between business, globalisation, information society and global society?
2.What factors influence the development of business and the process of globalisation and can they be explicitly
defined?
3.If there is a correlation between business, globalisation, information society and global society what is the
most important factor in this relation?
KEYWORDS –business; globalisation; global society; information society.
I. INTRODUCTION
Globalisation is a multidimensional process which is present in many spheres and which is defined in
many ways: it has developed with different degrees of intensity since the end of the 19th century and took on a
particular importance in the closing decades of the 20th century[1]. Globalisation creates both opportunities and
threats for its participants. One of the tendencies that has been getting stronger in the world for at least a quarter
of a century is a progressive socio-economic differentiation and the splitting of the world into two separate
blocks: the world of poverty and the world of riches. The social structure is undergoing changes. The distances
between the individual segments of the market and those who are left outside the market are growing. The
benefits from economic growth are not being spread equally. The introduction of the paper should explain the
nature of the problem, previous work, purpose, and the contribution of the paper. The contents of each section
may be provided to understand easily about the paper.
II. GLOBALIZATION
Globalisation in a general sense may be understood as a process that is shaped by events and decisions
on a worldwide scale. Expressing it more broadly, globalisation is a historical and spontaneous process of
liberalisation and progressing and merging of existing market of goods, capital and workforce as well as
technology and information into one co-dependent market. It is a phenomenon of more bigger relationships and
co-dependencies between single countries, groups of countries, their economies and business [2].
Globalisation tendencies of a world economy mean a progressing integration of national economies
that is made through an international trade, foreign direct investments and research and contractual development
relations and technological and technical relations of enterprises. The borders of countries become more and
more “permeable” for the overwhelming and varied business activity of entities conducted on a worldwide
scale. Globalisation is the result of these tendencies and it is a higher, more advanced and complicated stage of
the process of internationalisation of national economies and clear spread and market convergence.
Globalisation and growing correlation and complementarity of phenomena and processes such as the
flow and size of capitals, import and export of goods and services, technology transfer, and transfer of
intellectual property, degree of active business partnership and its infrastructure has a decisive influence in the
shape of international business.
2. Correlation and dependence between: Business –Globalisation –Information...
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O. Shenkar [2] defines international business as a domain which combines general knowledge
concerning the way of conducting business activity on an international market with a regional know-how.
These components create a peculiar ''platform of knowledge'' which is based on theoretical basis and is hard to
imitate. General knowledge concerns such fundamental problems as: international institutions, trading contracts,
regional organisations etc. On the other hand, regional know-how refers to cultural, regional, political and
economical conditions of particular countries and regions. These conditions have a substantial influence on the
behaviours of enterprises on local and regional markets. Such point of view indicates the regionalization of
international business in contemporary world economy. It allows to capture the specificity of the conditions that
the environment of a particular region offers, and at the same time it allows to search for an answer to the
following question: how is the international business environment shaped in the analysed region in the age of
globalisation of the world economy and what are the most important driving forces dynamizing its development.
Particular attention should be paid to the conditions of the business intelligence (BI) development.The key
aspect of global business is based on using knowledge and innovation as driving forces in its conduct as well as
on increasing the scope of its engagement and profits. It requires to intensify the quality of education, boost the
outcome of research activity, support innovation transfer and knowledge, use the information technology and
communication methods more often, as well as implement new ideas so that they could transform into new
products and services that would dynamise the speed of economical growth, stimulate the process of creating
new work places and solving contemporary social problems [3].
Development and functioning of business intelligence (BI) in contemporary globalizing and integrating
world economy is determined by influence of many various factors of an exogenous and endogenous nature.
The factors which have the greatest influence include:
• dynamic scientific and technological development which is expressed in the growth of technological and
product innovations that accelerate the pace of the development of leading sectors: biotechnology,
communication, computer science, microelectronics. These processes constitute a tremendous impulse to create
a specific institutional infrastructure that allows for coordination of expected directions of development as well
as inspiration and new ideas.
• demand and supply factors which are based, on one hand on harmonization of the demand and
simultaneously its individualisation, and on the other, on diversification of the supply. These factors lead to
creation of new attributes of competitiveness - time, quality and flexibility of solutions which, together with
structural and institutional transformations of the market, that is its oligopolism, evoke changes in international
competition;
• expansion of liberalisation of the flow of international goods and services, workforce, capital, technology and
technical knowledge resulting from the treaties as well as, both unilateral and bilateral agreements.
• implementation of the policy of openness by highly-developed countries which strategic purpose is to both
reduce the developmental distance through a broader engagement to international division of labour, and
participation in processes of international specialisation and cooperation of production and exchange.
Globalisation also changes the nature of social relations intensifying the disappearance of ''national society''. In
such case, societies are being established and communities analysed on a global level. By contrast, organisation
of the global society is necessary because such a society has to regulate the deficiencies in the system of global
capitalism.
Global society is undoubtedly the future. However, today most commonly used term is the information
society in which ''information is the capital''. It has to be emphasized that in such a solution the determinants
include global information and globalised economy as well.
Globalization changes the image of the world. It transforms trade, finance, employment, technologies, means of
communication, ways of life, culture, as well as ways of governing. It forces companies to compete across the
whole world. Many cause and effect relationships typical of it are feedbacks. The result of these processes is
reduction in production and transport costs and increase in efficiency and income. However, sometimes the
price for progressing dependence on abroad is growing uncertainty, fluctuations in the level of employment and
deepening social inequalities. The process of globalization involves participation of various entities, among
which the most important are : states, transnational corporations and international institutions and organizations.
Continuing globalization process may be divided into many stages encompassing colonization, slave
trade, church constructions abroad, inventions in the high-capacity transportation, industrialization, highway
constructions among provinces and countries, electrical and electronic infrastructure. On the other hand
Robertson claims that globalization which is thought to be peculiar to present day is in fact a process began
before the modernity and capitalism and divides this process into five stages and suggests that the last stage
started in 1960 is full of ambiguities [4].
A commonly accepted division divides the globalization process into three stages.
Table 1: Stages of Globalization
3. Correlation and dependence between: Business –Globalisation –Information...
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Stages First Stage1490 Second Stage1890 Third Stage1990
Impulse Nautical developments Industrialization and its requirements
Multi-National Companies in
1970s, Communication Reform in 1980s,
Disappearance of Competitors of the West
in 1990s
Process
Profit and then military
occupation
Evangelists, then explorers, then
companies and finally occupation
Cultural-Ideological effect,
therefore countrywide spontaneous effect
Medium
To get the God’s religion to the
pagans
Burden of the white man, humane
mission, racialist theories
Highest level of civilization,
governance of international community,
“invisible hand” of the market,
globalization: for everyone’s interest
Political
Structure
Empires and Colonization Nation States
Regional and Economic
Integrations
Result Colonialism Imperialism Globalization
Source: Yaman, 2001.
First Stage (1490): Started with the overseas discoveries of the West. The discoveries were followed by
the establishment of colonial empires.
Second Stage (1890): Second extension of the West started after 1870 and institutionalized in 1890s.
The utilized technology after the industrial revolution generated high imbalances between the West and the rest
of the world. This difference was resulted with the deployment of Western countries into the markets of
countries that had not experienced the industrial revolution and exploitation of the resources in these countries.
A merciless competition that curtails profit rates started. This competition previously had remained at the firm
level as the land and resources abounded but later on as the free lands become scarce it raised to the national
level. Increased competition resulted in conflicts and the First World War.
The world changed in many respects after the First and Second World Wars. Almost all the ordinary
balances collapsed and a new formation in the world started. First, balances that collapsed and changed were the
former economic powers and political authorities connected to these powers. The empires and monarchies and
their colonies which are the power source and scattered into various continents diffused one by one through
declarations of independence. When economic and political balances changed, social and cultural values and
balances disappeared, the newly gaps were closed by new balances. One of them was USA and the other was
USSR. Thereby two poles and two blocs formed in the world. But during the Second World War major changes
occurred. When the vast part of Europe was ruined, industrial economy in USA experienced a huge growth [5].
Third Stage (1990): In the first two stages instable balances aroused. The number of independent states
increased, conflicts increased and accelerated. Identity conflicts reached to peak in the underdeveloped
countries.
The national markets of the West were insufficient; markets were desired to expand in order to
encompass the whole world. In this process there were no competitors against the West like the ones in 1490
and 1890 stages because the third stage both was the factor that engendered the collapse of Soviet Bloc and the
West was left alone to conquer the world as a result of this collapse. The third stage was more powerful,
widespread and faster than the first two stages because of the hegemony of MNCs on the world economy started
in 1970s, communication revolution created by putting technological inventions of the West like optical cable,
communication satellites, computers, internet in 1980s and disappearance of power balances with the dissolution
of the USSR and Europe’s turning up as the only focus of power again in 1990s. Therefore globalization has
become a process that can not be reversed and it should be accorded and strategies should be developed against
the process.
The contemporary globalization is influenced substantially by nation states whose history shows
significant development unevenesses. In the period of external hazards, the role of the state was growing,
undergoing periodical fluctuations in importance in the periods of relative peace. The 19th century featured a
relatively short period of liberal capitalism, when the role of the state in the economy decreased significantly,
however, two 20th-century totalisms: Nazi, with the great role of the state at the cartel economy, and real
socialism with liquidation of private property and omnipresent dominance of the state not only in the economy,
strengthened nation states in substantial areas of Europe, Asia and other continents.
Currently, since the 1980s, the role of nation states has been decreasing. The state gradually ceases
to fulfill operational functions (interference or direct participation in business activities) and more and more
often fulfills system functions which, in the present conditions, include execution of long-term, globally and
strategically oriented economic and social tasks. Apart from traditional activity (legislative, stabilization,
ensuring safety, etc.), the state is getting involved also in the implementation of strategies or programs aiming at
increasing the national economy's international competitiveness, in its course and funding adapted to global
competiveness, introduction of new institutional solutions, promotion of the development of the information and
knowledge-based economy .
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The analysis of the course of globalization proves clearly that this process would not have the today's
shape and would not reach the contemporary intensity without technological revolutions that, first, resulted in
radically increased production scale and then enabled transferring goods and consumers at growing distances,
and, finally, contributed to the assimilation of behaviors and tastes of buyers. Subsequent industrial revolutions
are a condition of economic success of particular economies and causative factor of changes in the world
economy. Technical progress determines development and fall of particular spheres of economic operations,
nature of employment and social development directions [6].
Globalization has therefore become a phenomenon with which one can demonstrate clear differences
between industrialism and age of networking.
II.INFORMATION SOCIETY
Globalization in general sense may be understood as a process that is formed by world-wide
phenomena and activities. To present this problem in a more specific way, globalization is a historical process
and spontaneous process of liberalization and progressive merging of goods, capital and labor markets,
technology and information in one interdependent market. It is a phenomenon of bigger and bigger correlations
and increasing interdependencies between countries, groups of countries, their economies and enterprises.
Globalization is thus an increase in internationalization of national economies and a clear penetration and
convergence of markets[7].
Globalization changes the nature of social relations by intensifying the disappearance of the "national
society" model. By contrast, the organization of global society is indispensable because such a society must
regulate deficiencies in the global system of capitalism [8].
Global society is undoubtedly the future. Today, the term information society is commonly used in
which the main ,,capital is information"[9]. It should be, however, stressed that in such a society globalized
information and globalized economy constitute its determinants.
Figure 1. Information society and globalization.
Source: own study on the basis of: A.S. Targowski, The Taxonomy of Information Societies [in:]
Global Information Society. Operating Information Systems in a Dynamic Global Business Environment, edited
by Y. Chen, Hershey, London 2005, p. 3.
Globalization in the economic category - globalization of markets means that we make use of
economic possibilities located in various parts of the world. Globalization is often interpreted as a global source
of development of communication technologies and movements of capital. However, in a most simplified way,
it may be understood as the expansion of trade and investment abroad[10].
Therefore, it may be said that we live in a world of globalized markets. Yet, it should be noted, that
globalization is no longer solely seen in the category of world trade in goods and the ability to communicate
across the globe. Production, trade and communication are factors that in the modern world are more often
vulnerable to unstable actions[11]. One reason for this instability is too high concentration of capital in one
sector, which makes the rest of the system exposed to slump. The growing digitization of economic activity and
electronic flow of capital contributes to it[12].
At the top of the "list" is globalization of knowledge which is the result of lower costs of
communication and information exchange. Transfer of knowledge which "reinforced'' globalization, is, in turn,
one of the major factors contributing to growth in emerging markets. Globalization of knowledge includes not
only technical knowledge, but also the ideas that transform both communities and markets[13].
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Ability to manage the current phase of globalization is getting out of control. Globalization involves
a closer integration of countries in the world and this causes a greater interdependence. Socio-economic success
in particular regions of the world depends on how it is possible to manage globalization in most efficient way.
Globalization has therefore become a phenomenon with which one can demonstrate clear differences
between industrialism and age of networking[14].
We live, therefore, in a new economy, which consists of three pivotal features: 1) it is informational,
that is, capable of generating processing and information management determines the productivity and
competitiveness of all economic units, 2) new economy is global - financial markets, science and technology,
international trade in goods and services, 3) the new economy is networked.
Figure 2. Elements of globalization
Source: J.E. Stiglitz, Globalization and growth in emerging markets, “Journal of Policy Modeling”
2004, No. 26, p.430.
Today, the term technocapitalism begins to dominate, which was defined by S. Best, and D. Kellner,
which is understood as a decline in the role of the state and increase in the role of the market, connected with the
strengthening of transnational corporations. In other words, Best and Kellner specified the approach to
globalization as a synthesis of economic and technological development.
R. Kuźniar writes: „The processes of globalization are the source of the polarization of the
international community. The dividing line created by globalization differs from those that have until recently
determined the structure of international reality (ideology, imperial spheres of influence). It is the dividing line
between the rich and and growing number of poor people. This line runs across countries and regions, and also
inside societies in different countries. (...) Strobe Talbott wrote about new bipolarism, which is no longer the
Iron Curtain between East and West. This is a line between stability and instability, integration and
disintegration, welfare and poverty”.
There is also a division between what is 'local' and 'global' . The differences between this localism"
and "globality", and even more particularly between local man and global man, are enormous. According to Z.
Bauman,: "In a globalized world, locality is perceived as a sign of social discrimination and degradation. The
disadvantages of existence in local conditions result from the fact that public space, in which the meaning is
created and negotiated, is beyond the reach of local existence, and therefore, locality more and more relies on
sense creating and interpretive activities over which there is no control.
Also, the technology has contributed to the polarization of the global society, "progress measured by
the number of mobile phones, fax machines, computers, internet connections per 1000 population is very large"
but the author immediately adds that "the distance that divides the group of developed countries from
developing ones and the third world countries is visible"[19]. Furthermore, "eliminating the time and spatial
distances owing to technology not only unified human condition but polarized it. It liberates some individuals
from the territorial bonds, and gives some of the factors that constitute the community an extraterritorial
meaning, at the same time, however, the territory deprived of meaning, in the borders of which the others still
live, becomes deprived of the potential to determine human identity”[20].
Along with the formation of new economy the information society is created. In recent years, in
publications describing the issue of globalization, more and more often the concept of the information society
appears, which function in an international scale. Development and progressive standardization of processing,
collecting and transmitting data have become the main reasons for the describing the modern civilization as a
“global village” in which the information is transmitted quickly between continents via telecommunications
connections.
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As I have already mentioned, globalization is not a phenomena occurring only in recent years. It is a
direct consequence of the European dominance in the world, colonization, technical innovations or development
of the market economy whose sources can be sought in the past centuries. A symptom of the contemporary
globalization phase is, among others, increasing international economic dependence and integration, which
involves the worldwide processes of democratization and cultural homogenization.
The information society is a society in which the information is treated as a commodity perceived as a
particular kind of non-material good, equal or even more valuable than material goods. In this society the
development of “3P” services occurs (storage, transmission and processing of information). The term
information society refers to the technical tools of communication, storage and conversion of information [21].
In the information society, more and more spheres are subject to regulation via the market which
becomes a universal locus of individual and collective life, and less and less is governed by public sphere. The
structures of values are based in a lesser extent on the structure of thinking of business people and people from
the field of technology [22]. The state loses its strength, the information society is even more market-based than
the industrial society was.
It is not ease to define and describe the process of globalization because of complexity and multi -
sidedness of composing phenomena, and, as a consequence, complicated and heterogeneous matter. It is shown
strongly by definitions presented in the paper. The definitions are diverse not only depending on the approach of
researchers and the moment when they were formulated, but also because of differences of the degree of
generality/particularization [23]. The conducted analysis confirms that globalization process involves many
contradictory tendencies, directions of consequences and impacts on a macro- and micro-scale. Changes occur
vigorously and often it is difficult to indicate a factor that is determining for its presence and intensity. However,
it is necessary to explore the essence of globalization and describe it precisely, as it may be an introduction to
preparing a strategy of rational shaping its further course and affecting its component parts..
III.CONCLUSION
In conclusion, I believe that the concept of the information society gives the basis to think about the
existing paradigms relating to the knowledge-based economy once again. This results from the fact that from the
point of view of an individual who is a member of this society, on the one hand, the man becomes more than
ever a member of the global society, and on the other, the society allows the man to express individuality more
fully. An important element between the knowledge-based economy and information society is electronic
currency. In relation to the process of globalization, we must take into account the dynamic growth of the
knowledge-based economy, e-business and e-money. All of these factors may allow us to create a synthetic
vision of globalization [24]. Global society is undoubtedly the future. However, today most commonly used
term is the information society in which ''information is the capital''. It has to be emphasized that in such a
solution the determinants include global information and globalised economy as well.
To sum up, I would like to associate this definition with the view of A. Müller who wrote that [24], If
we assume as an axiom that globalization is a function of technical progress, we should recognize the statement
expressed as Fukuyama that the process of globalization is unstoppable and that it is impossible to inhibit the
development of technical progress as true [25]. That means, in my opinion, that globalization is unstoppable.
References
[1] G. S. Garcia, Globalization and the Theory of International Law, Boston, 2005, p.1.
[2] O. Shenkar, One More Time: International Business in a Global Economy, Jurnal of International Business Studies, 2004, nr 35.
And L. Krzysztofek, Theory of information society. Origin, assumptions, development [in:] „Changes in contemporary
capitalism”, edited by A. Jamróz, Katowice, 1988, p.54.
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