Globalization, Multinational Organisations and Cultural Aspects Assignment

Globalization, Multinational Organisations and Cultural Aspects - Assignment ExampleThe idea of world-wideization gained momentum in the 1990s with the onset of internet. The advance in in course of actionation technology which has change the way of communication and advancements in the transportation system along with a whole battery of contrastive factors have played a pivotal role in the spread of globalization. The concept of globalization has entered approximately in all areas of our lives be it business, language, education, culture, lifestyle and separate psychological and social expression patterns. This proliferation of globalization has in all changed the concept of business, and its role not only in defining the respective economies, but also organization heathenish, political and social values. It is argued that we are fast losing our unique identity. Global identity has transcends all geographic boundaries and has define mass behavior and consumption pattern s. The growth of Multinational organizations which was first restricted to a few countries in the post modern era has transcends all geographical boundaries and resulted in globalization globalization of businesses, economies, societies and even to any(prenominal) extent, globalization of human capital. This paper aims at studying the nature of globalization and its impact on the economy, politics, cultural and social values. Is global perspective sensitive to cultural diversity and social inequalities? What are the role and behavior of multinational organizations and their implications with special reference to cultural dimensions? What is Globalization? The term globalization can be traced anchor to 1960s but it became the buzz word only in the 1990s. By the end of the first ten-spot of the twenty first century there are millions of references available in virtual and physical form making it the most contested topic. Globalization is argued as the most contested concept that r efers to the shrinkage of quantify and space. Manfred Steger defined globalization as A social condition characterized by tight global economic, political, cultural and environmental interconnections and flows that make most of the currently existing borders and boundaries irrelevant. There can be many different social manifestations of globalization. One perspective can be about individualism, competition and capitalism while other can be about cooperation and communal norms. It gives globalization an indeterminate character. The term globalization refers to a social process that transforms our present social identity that is bounded with nationality into a global identity. What we observe today is global cities like New York, London, and Tokyo etc that has transcended regional, local and national boundaries. This global imagery is growing peoples perception of belonging to a global community (Steger, 2009). What we are experiencing right now is a conclusion of global change. Peo ple all around the globe are affected by common economic, political and social and environmental changes. Hence globalization has economic, social and environmental dimensions. These global changes include increased competition, displace interest rates, advancements in technology, ecological and climate changes, the fall of communism, rise of China, and the growing ethnic