Globalism

             Globalisation, what is it? It is the effect of hi-tech communications, lower transport costs and unrestricted trade and financial flows turning the whole world into a single market, producing a more integrated global economic system. Organisations are experiencing globalisation because other large scale organisations are expanding. By expanding to other countries, they are introduced as new competitors and is an effect of globalisation.
             There are many impacts experienced by Australian businesses in result of globalisation. The main impact is that because of new competitors, many Australian businesses are losing profit and are struggling to keep up with new technology.
             Large scale organisations always have a continual pressure to change. There are many causes as to why the need for change is necessary. These causes can be split into two categories, external pressures and internal pressures. There are seven major external influences to change. One major pressure is the changing nature of markets, where many Australian organisations must compete against overseas products in the market, in addition to competing in overseas markets if they export. In result of these continual changes in the market, there has been significant downsizing in many organisations and these changes have also forced organisations to restructure their operations. Another major external influence is the economic influences. The economic conditions have a major impact on all organisations. Economic change occurs continuously and the changes it brings are part of every organisation's life. Another external pressure is the geographic influence. A slow down in population growth will have a major implication for Australian organisations. Another external influence involves social influences. Failure to respond to social changes can threaten organizational stability and viability. Social influences refer to changes in tastes, fashions and culture. Legal influences...

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Globalism. (1969, December 31). In MegaEssays.com. Retrieved 03:41, May 20, 2024, from https://www.megaessays.com/viewpaper/17226.html