Globalization and Ob Final

8/8/2019 Globalization and Ob Final

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PRESENTED BY: TEAM 1

AJAY .PC

AJINKYA. D

BANASHREE BORAH


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GLOBALIZATION

The process by which people, their ideas

and their activities in different parts of the

world become interconnected or integrated

Globalisation is the process by which the

people of the world are unified into a single

society and function together.


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The process of globalization is being driven by a

combination of economic, technological, socio-

cultural, political and biological factors.


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For organisational leaders as well,

the challenge is to manage tradition

and change.

Global firms take shape by

borrowing best practices and new

ideas from multiple cultures, but they

must at the same time create aninternal culture that infuses unity and

provides direction.


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The most important competencies in handling it

are-

1. Managing Communication

2. Managing Across culture

3. Managing Diversity

4. Managing Teams

5. Managing Change6. Managing Ethics


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Communication is an inevitable In a global environment a

company will have its own branches, franchisees or even

an outsource partner in another country.

Cross-cultural communication is a very important aspectof modern day businesses. The people of various

countries have various cultures and languages.


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Globalisation has caused cultures of different nations to

interact with each other.

This heterogeneity has brought about changes in the

organisational culture.

However, such interactions can sometimes lead to cultural

clashes if not handled delicately.


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Thus, managing, perceiving, appraising, and

interpreting accurately oneself, others, and the

immediate environment is very necessary.

This will help us to build an ability to recognize and

embrace similarities and differences among nations

and cultures and then approach key organizational

and strategic issues with an open and curious mind.


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Today multi-national companies are keen ondeveloping diverse human resource pools to transformthemselves into true global organisations.

The top leaders are passionate about this initiative

because ideally diverse workforces make organisationsalert and responsive.

Moreover, such a workforce can always come withspectacular innovations.


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However, managing a diverse workforce is always

a challenge, which has to be tackled effectively.

The global organisations have to come withintegrative mechanisms that would make people

from diverse background operate effectively


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Thus, many leading organisations for Example

DELL Inc have taken excellent initiatives in this

regard by:

a) Re-examining their traditional ways offunctioning

b) Seeking value similarities and differences as

sources of competitive advantages

c) Training people for skills that enhance a sense ofinclusion.


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Managing is very important when the companies go global

and the team comprises of individuals from all over theworld

How one builds a team and teamwork in ones organization

will most likely be the greatest priority of a manager.

Fostering teamwork is creating a work culture that values

collaboration.


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Manager should build a teamwork environment,

where people understand and believe that thinking,

planning, decisions and actions are better when doneco-operatively.

The biggest challenge that a manager faces is breakingthe ice between his team members and making them

respect and accept each other with their culture.


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Business environment is changing more rapidly

with increasing globalization.

It becomes more difficult because of political andculture differences.

Change management means to plan, initiate,

realize, control, and finally stabilize processes on

both, corporate and personal level.


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To manage change successfully a manager needs to act

according to the following phases of change:

1. Shock and Surprise

2. Rational Understanding

3. Emotional Acceptance

4. Exercising and Learning

5. Realization

6. Integration


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In the age of globalization ethics play a veryimportant role as the boundary of business extends

beyond the nations, involving different countries,

people, culture and mind set.

Ethics inculcate the ability to incorporate values

and principles that distinguish right from wrong in

making decisions and choosing behaviours


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Ethics programs align employees behaviours with

those top priority ethical values that are preferred byleaders of the organization.

Usually, an organization finds surprising disparity between its preferred values and the values actually

reflected in the behaviour of its employees.

Ongoing attention and dialogue regarding values in theworkplace builds critical ingredients of strong teams inthe workplace i.e. openness, integrity and community.

Thus Employees feel strong alignment between theirvalues and those of the organization. In result, theyreact with strong motivation and performance.


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Thus, an organisation which intends to evolve as a prominent entity in this globalised arena, has torespond in a way that it does not fail to miss a single

beat.

This can be done only by developing an unmatched

organisational culture which gives due respect to eachindividual in the organisation.

Further, this culture should be all set to adapt to anyneeded changes which would reinforce its presence in

the market.

At the same time, the organisation should not foregoethical values so that in the long run the organisationcan stand tall in its true sense.


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Globalization and Ob Final

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