IMPACT OF GLOBALIZATION ON ORGANIZATIONAL BEHAVIOR IN BUSINESS ENVIRONMENT

Abstract

Globalization is the process of international integration resulting from continuous interchange of ideas, cultural aspects, products, and world views. It has allowed for companies to continue expanding throughout the world but connecting on multiple continents. The ability for these companies to conduct business with other local countries, whether it is trade or simply working together, has allowed for growth of smaller companies within the framework. Not only are they able to work together with the distribution of goods or services, but they are able to share cultures, norms, technology, and many other things that can help improve business worldwide. The ease of the internet has allowed for businesses to connect more rapidly and more frequently sharing these ideas and norms. Expansion of business is a large responsibility of the global managers and they must have a set of skills that allow them to operate and administer this work globally, while having the ability to sift through information and make proper decisions on potential next steps for the company. They must also be aware of the necessary changes in the culture and be aware of market trends in order to be adapted. This paper aims to take a look at how impactful globalization is to a company, the pros and potential challenges that come with globalization, and how global managers are responsible for overseeing the transition of these companies as the expand internationally.