Consider the factors that have enabled the rise of multinational enterprises, from language adoption to technological advances to financial globalization. What benefits and problems arise from these very factors with regard to cultural diversity in a business organization? What skills are needed to manage cultural diversity in an ever-changing global environment?
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Please find guidelines and ideas for Cultural Diversity in the attached file.
Running Head: CULTURAL DIVERSITY
Factors for Globalisation
In the present business environment, many firms are growing fast on the multinational level from language adoption to technological advances to financial globalisation. Globalisation has changed the functions and thinking, process of the business in the international market (Mead & Andrews, 2009). There are many factors that have enabled the rise of multinational enterprise at the global level. These are as follow:
Resources: Resources is one of the important factors that have altered with the rise of multinational enterprise, from language adoption to technological advancement to financial globalisation. Through hiring different resources from different countries, the firms take initiative in the adoption of different language at the workplace. It helps the firm in minimising the language barriers and identifying the preferences of local customers. So, hiring of resources is an important factor to avoid language barrier in the global market (Andrews & Siengthai, 2009).
ICT (Information and Communication Technologies): ICT is also included in the factors those are altered with the globalisation of the organisations in the rise of multinational enterprise, from technology advances to financial globalisation. In this, many marketing ...
The factors that enable the rise of multinational enterprises are examined.