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(Steger, 2003: p. 37) With regards to the large supply of available work force in the labor market, medium- and large-scale businesses are taking advantage of hiring competitive employees. Likewise, it is also crucial for businesses today to actively participate in the trading of goods and services in the world market.
As part of discussing the valid reasons that makes it important for modern managers today to have a good understanding of the process of globalization, a literature review will be conducted in the study. To give the readers a better understanding of the subject matter, the first part of the literature review will discuss about the general information and the main purpose of globalization followed by analyzing the factors that makes it important for modern managers to have a good understanding of the globalization process. Prior to conclusion, reasons behind the need to implement and promote cultural diversity within the work environment will be tackled in details.
Globalization is “a process of interaction and integration among people, companies, and governments of different countries which is driven by international trade and investment through the use of information technology.” (The Levin Institute, 2008) Basically, the concept of globalization allows business people to maximize their available financial resources by taking advantage of the low-cost products and services that are readily available from developing countries. Because of the differences in monetary exchange rate, large-scale businesses from developed countries are able to purchase more homogenous products and highly competitive human resources at a much lesser price. Therefore, large multinational companies could easily compete with small-scale local businesses by being able to offer homogenous products to its target consumers
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ii) Explain why the poor are particularly vulnerable to these hazards. Be specific. iii) What strategies can be followed to improve the standard of living of the urban poor? When third world countries come into contact with more developed countries there are number of predictable consequences.
Once offering just three main broadcast networks, spectators' preferences now may expand to over a hundred channels. By 1999, 80 percent of residences with kids as well as youngsters received at least basic cable, allowing children to develop with an extensive selection of general viewers as well as child-focused programming.
The writer desires to attract the niche audience of home-makers who want to relish preparing a chocolate cake just as easily, as the writer has explained to the food-lovers, especially those who relish eating a chocolate cake and won’t hesitate making one such cake after reading the writer’s instructions thoroughly.
Therefore, although born with inherent goodness, the individual is not automatically good and must cultivate the embedded goodness. Self-cultivation is a learning process without which, the individual may fall prey to the evil external world. This paper discusses the East Asian conception of human nature and describes how the conception contributes to the maintenance of law and order in society at large.
The changes that have occurred have also influenced the people’s behaviors towards each other, their relationships, values, priorities and daily life procedures. The changes in the relationships of married couples, parents and their
She was not very educated. She did not have much interaction with books, though “her mind was active and full of thought, and as ready to flash at the entrance of knowledge, as a diamond at the entrance of light” (Stowe 121). She was very prudent and nice
Besides the fact that wide geographical coverage of a company increases its client base, it is also worth noting that exploring wider populations leads to identification of new customer needs. Paul and Nehring (2002) said that for any company to succeed
hich is planned and guided by the school, whether it is carried on in groups or individually, inside or outside the school.” By extension, it is the skills and knowledge that the students are supposed to learn which revolves round learning standards and objectives expected to
Undergraduates learn about computer design, logic design and building, central processing unit, design computerization, computer systems, software manufacturing and electronics. Computer Engineering students get training in Electronics, Hardware-software