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Globalization and Organization

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What are the future trends of globalization? How will changes in globalization impact you and your organization?

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Solution Summary

This solution of 509 words explains six main trends of globalization and also six impacts of globalization on an organization. References used are included.

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We live in interesting times. Powerful forces are re-shaping the global business scene: financial and economic upheaval in the Far East, Latin America, India, China and Russia is creating a tidal wave of change in the competitive environment. Organizations that once felt insulated from overseas low-priced competitors now find that they too must not only continue to constantly create new value for customers, but must do so at a lower price. Future trends of Globalization are:
1. Turbulent markets that change rapidly and unpredictably
2. Highly fragmented 'niche' markets instead of mass markets
3. Ever greater rates of technological innovation in products and processes
4. Shorter product life-cycles
5. Growing demand for tailored products - 'mass customization'
6. The delivery of complete 'solutions' to customers, comprising products and ...

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