Managing in a globalised
world
Dr Oriana Price
Senior Lecturer
Faculty of Business and Law
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Learning objectives
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After completing this topic, you will be able to:
– understand the characteristics of globalisation and
deglobalisation and their impact on organizations and the
ecology
– understand who and what are driving globalisation
– understand that globalisation has both positive and negative
effects on individuals, organizations, societies and nations
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What is globalisation?
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Globalisation can be thought of as worldwide integration
in virtually every sphere, achieved principally through
markets
– Deregulating markets and technology (telecommunication
and transportation)
– Transnational and multinational organisations
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Globalisation as financialization
– Shareholders vs stakeholders
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Managing and organising in a globalised world
– Global strategic alliances
– Mergers and acquisitions
– Institutional systems
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Impacts of globalisation on Western
economies
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According to the World Trade Organisation, the economic
benefits of globalisation include:
– Globalization has boosted output in the Western economy
– Globalization has raised household income
– Globalization has given economies and people new
opportunity
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But have these benefits been experienced by all in Western
economies and others in other economies?
Source:
Erixon, F, 2018 https://ecipe.org/publications/the-economic-benefits-of-globalization-forbusiness-and-consumers/
Collins, M, 2015 https://www.forbes.com/sites/mikecollins/2015/05/06/the-pros-and-cons-ofglobalization/?sh=414d5dafccce
4 https://www.theguardian.com/global-development/2019/oct/02/revealed-hundreds-of-migrant© Dr Oriana Price 2021
workers-dying-of-heat-stress-in-qatar-each-year
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Impacts of globalisation
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Circuits of global production have an impact in four ways:
– On global relations between states
– On issues of sustainability
– On people’s conceptions of who they are
– On the multicultural diversity of organizations and
communities
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Globalisation creates:
– winner and
– losers
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Deglobalisation
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Is globalisation over?
– Brexit; America First; Trade Wars; COVID-19
Social movements against globalisation
– mass asylum-seeking migration
Social facts changing globalisation
– changing technologies have been driving a degree of
deglobalisation since the global financial crisis of 2008
– Increasing use of automation makes robotic costs standard
around the world; transport costs are not, however, so it makes
sense to be closer to the customers, producing as near as
possible to the final market.
– Keeping the supply chain short and reliable thus becomes a key
consideration
Virtual globalisation
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Summing up
We considered:
– understand the characteristics of globalisation and deglobalisation
and their impact on organizations and the ecology
– understand who and what are driving globalisation
– understand that globalisation has both positive and negative
effects on individuals, organizations, societies and nations
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© Dr Oriana Price 2021
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Explore
Interested in reading more about
globalisation?
Read this short article: ‘The pros
and cons of globalization’.
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© Dr Oriana Price 2021
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Reflect
I invite you to reflect on your learning today
write down some thoughts that you may re-visit later in the
session. Here is a question to prompt your thinking:
What are your reactions to the
article ‘The pros and cons of
globalization’?
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© Dr Oriana Price 2021
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