Today’s governments, organizations and companies are dealing more and more in a global scenario.
We are no longer constrained by borders or distance and as a result globaliza
tion has meant a fundamental change in who, where and why we do business. The people that make these
Organizations tick, from the workers, to bosses to suppliers, are increasingly based in remote locations in foreign countries or drawn from a rich mix of cultural backgrounds. The need for effective and clear intercultural communication is becoming vital in securing success in today’s globalized workplace.
Working in the globalized world economy is proving to have a positive effect on individuals and companies. As people are forced to think outside the box they develop greater interpersonal skills, flex their creative muscle and learn news ways of doing things. In conclusion, the need for intercultural communication skill is obvious – we are all working in an interconnected global economy and it is important to build good relationships with people from other cultures. This leads to better business.
Today, financial capital movement has expanded to a global basis. Almost any time during a week day, many financial markets throughout the world are open and trading. The traders are no longer limited to that country, but are generally based worldwide. Often changes in one market directly lead to changes in other markets. Some financial traders attempt to follow all the major financial markets on a daily basis. A country’s trade deficits and its balance of payments often play a major role in the changing values of its monetary units. High rates of inflation are another major influence of the rates of exchange. Foreign investments have become of increased importance in the last decade.
In the 20th century, “communication” became an important category in society:
We are no longer constrained by borders or distance and as a result globaliza
tion has meant a fundamental change in who, where and why we do business. The people that make theseOrganizations tick, from the workers, to bosses to suppliers, are increasingly based in remote locations in foreign countries or drawn from a rich mix of cultural backgrounds. The need for effective and clear intercultural communication is becoming vital in securing success in today’s globalized workplace.
Working in the globalized world economy is proving to have a positive effect on individuals and companies. As people are forced to think outside the box they develop greater interpersonal skills, flex their creative muscle and learn news ways of doing things. In conclusion, the need for intercultural communication skill is obvious – we are all working in an interconnected global economy and it is important to build good relationships with people from other cultures. This leads to better business.
Today, financial capital movement has expanded to a global basis. Almost any time during a week day, many financial markets throughout the world are open and trading. The traders are no longer limited to that country, but are generally based worldwide. Often changes in one market directly lead to changes in other markets. Some financial traders attempt to follow all the major financial markets on a daily basis. A country’s trade deficits and its balance of payments often play a major role in the changing values of its monetary units. High rates of inflation are another major influence of the rates of exchange. Foreign investments have become of increased importance in the last decade.
In the 20th century, “communication” became an important category in society:
1.The growing power of mass communication and propaganda raised many questions.
2.New professions and industries (media, advertising, public relations, etc.) developed.
3.“Better communication” became the answer to social problems and the key to personal success and happiness.
Globalization:
• Integration of economies through trade and financial flows
• Movement of people (labor)
• Movement of knowledge (technology)
• ‘Global Economy’ core activities work in real time on a planetary scale
2.New professions and industries (media, advertising, public relations, etc.) developed.
3.“Better communication” became the answer to social problems and the key to personal success and happiness.
Globalization:
• Integration of economies through trade and financial flows
• Movement of people (labor)
• Movement of knowledge (technology)
• ‘Global Economy’ core activities work in real time on a planetary scale
Globalization of Technology 
• International exploitation of national technological capabilities;
• International technology alliances;
• Globalization of innovation across countries
http://www.atpsnet.org/content/files/documents/Sunil%20Manu.doc
Globalization index Degree of integration
– Economic integration
– Personal contact
– Technological connectivity
– Political engagement
• International exploitation of national technological capabilities;
• International technology alliances;
• Globalization of innovation across countries
http://www.atpsnet.org/content/files/documents/Sunil%20Manu.doc
Globalization index Degree of integration
– Economic integration
– Personal contact
– Technological connectivity
– Political engagement
Networking 
• Industrial age : large factory dedicated to mass production
• Information age : networking
• Network functions by circulating
– Money
– Information
– Technology
– Goods
– Services
– People
• Industrial age : large factory dedicated to mass production
• Information age : networking
• Network functions by circulating
– Money
– Information
– Technology
– Goods
– Services
– People
Diversity:In a business context, appearance diversity, (ethnicity, gender, color, sexual orientation, body size) is approached as a strategy for improving employee retention and increasing consumer confidence. The "business case for diversity", as it is often phrased, is that in a global and diverse marketplace, a company whose staff embrace ethnic representation and gender composition which mirrors the demographics of the marketplace it serves is better equipped to thrive in that marketplace than a company whose appearance
is out of step with its market's appearance.
Still, US anti-discrimination law prohibits employers giving any consideration to customers’ preferences for being served by employees of a given gender, ethnic group, or color.
FLEXIBILITY:Allowing job flexibility is one method of accommodating the complexities of contemporary life. It utilizes extended connectivity and helps employees reduce their exposure to dangerous levels of stress due to incompatible work schedules.
Flat: Instead of vertical communication, organization needs horizontal communication. This will increase the satisfaction from low level to high level workers. Think flat : The role of CIO in Flat world in explain in this link: http://thinkflat.infosys.com/pdf/Bahl-perspective.pdf
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