“Why Global Corporations Have Replaced Multinational Corporations” – Video Clip from ORG 6130: Organizational Behavior
Globalization has really made the world a smaller place, and shapes the way we do business today. We talk about it everyday and it is continually woven into our social fabric. Popular TV shows like Outsourced, the large increase of college students studying abroad and companies going global all point to the fact that the world’s market is becoming more unified everyday.
Transcript of the video lecture:
Globalization is really about interdependency of transportation, distribution, communication, and economic networks that are globally defined. Global corporations are actually now beginning to replace multinational corporations as international competitors. They often offer standardized products to markets globally that have pretty much similar taste at reduced cost. It is really about mass customization.
When we are looking at global strategies and managing diverse workplaces, we are looking at having to have managers develop only ways from which they think and act in these managerial skills.