The paper "Impact of Globalization on Modern Organizational Management" is a perfect example of management coursework. Human beings in different parts geographical locations of the world have constantly interacted with each other over an extended long period of time dating back to thousands of years. Interactions of such kind usually involve the exchange of information on several aspects of human existence such as religion, culture, entrepreneurial ideas, philosophy and language among others. The exchange of ideas, as well as the global movement of goods and services, has significantly developed and evolved around such initial interactions, hence globalization (ASMUSSEN, 2011). Global human interactions have been largely boosted by modern technology in transport as well as in the information and technology sector.
This paper, therefore, seeks to exploit and elaborate on some of the managerial challenges and impacts that have emerged as a result of the interaction of people in different parts of the world on a global platform. It will give start by giving an elaborate definition of globalization, relate the same definition to the managerial context and finally discuss some of the impacts of globalization on overall organizational management. Globalization According to the Oxford English Dictionary, globalization is defined as the process of international integration which is usually realized from the exchange of information, products, services, views and other cultural-based aspects.
The major common pillars of globalization include modernization of transport and communication systems, cultural diversity and economic diversity. The international monetary fund on the other hand advocates for economic transactions, capital investment, human migration and intellectual integrations as the four major aspects of globalization. Challenges of globalization on today’ s organizations Globalization is a common term and phenomenon in organization management and culture.
It is collectively used to refer to the integration of an organization’ s operational processes, culture and strategies into more inclusive and extensive cultural practices, new products and services as well as organizational structures. Globalization has therefore deeply impacted on several aspects of organizational set up such as labor force management, recruitment and selection, cultural heterogeneousness and general diversification. Globalization may be summarized into the free and unrestricted movement of people, goods and services across the world globe. Complicated managerial tasks One major challenge arising from globalization is the labor force and employee management.
Globalization advocates for free movement of people and goods from one region to another as a form of integration. Modern organizations have since opted for subletting, international mergers and takeovers, franchising and international operations as strategies to rapidly increase their operational scope and penetrate new markets. Such strategies have brought people from different parts of the globe, often required together for the common objective of the respective organizations. More often than not, each of the various employees comes from a different religious, ethnic or cultural background.
It thus becomes a real challenge in cases where such individuals are expected to work under centralized management. For instance, it becomes hard for a manager to plan for such breaks and off sessions to effectively cover holidays associated with Muslims and Christians without affecting the overall performance of the organization.