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Globalization, Culture, Change, Teams, and CSR

Globalization facilitates the flow of money, goods, and information worldwide, driven by technology and transportation, while presenting both opportunities and challenges. Companies must navigate legal structures, local cultures, and risks when expanding globally, with emerging markets offering significant potential despite inherent risks. Human Resources plays a vital role in supporting global operations and team dynamics, emphasizing the importance of emotional intelligence and effective communication for high-performing teams.

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4 views3 pages

Globalization, Culture, Change, Teams, and CSR

Globalization facilitates the flow of money, goods, and information worldwide, driven by technology and transportation, while presenting both opportunities and challenges. Companies must navigate legal structures, local cultures, and risks when expanding globally, with emerging markets offering significant potential despite inherent risks. Human Resources plays a vital role in supporting global operations and team dynamics, emphasizing the importance of emotional intelligence and effective communication for high-performing teams.

Uploaded by

jillianakinyi.ja
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Globalization and Its Importance

Globalization is the worldwide flow of money, goods, information, services, and


expertise. It’s powered by technology and transportation advances. Supporters argue
that it raises prosperity and peace. Critics say it harms local cultures and economies.

The Cold War's end opened global markets. New political and economic freedom sparked
international cooperation and investment. Technology and deregulated trade changed
how companies operate worldwide.

Globalization affects everyday life — from where your clothes are made to what kind of
restaurants are nearby. It creates both opportunities and challenges.

Building a Global Strategy

When going global, companies must consider legal structures, local culture,
partnerships, and risks. There are many approaches: licensing, franchising, outsourcing,
and forming strategic alliances.

One challenge is the rise of a global culture. Some fear cultural erosion, while others see
hybridization as a way to preserve identity.

Emerging markets like Brazil, Russia, India, and China offer big opportunities — large
populations, expanding middle classes, and valuable resources. But each country also
presents risks such as political instability or poor infrastructure.

Trade Alliances and Regulation

Worldwide trade alliances like the WTO, the EU, and NAFTA shape how goods and
services move across borders.

The WTO promotes fair trade practices. The EU allows free movement of people and
goods. Other regional alliances like ASEAN and APEC also boost trade.

Global regulators such as the G-20, IMF, and World Bank influence how economies work.
They push for financial stability, inclusive markets, and sustainable growth.

HR’s Global Role


Human Resources supports global business by preparing expatriates, helping with
cultural transitions, and coaching teams. HR plays a critical role in helping employees
adjust and thrive across borders.

To succeed globally, individuals need strong ethics, emotional intelligence, adaptability,


and communication skills.

Teams and Teamwork

Leaders need teams to succeed. Teams allow shared responsibility, diverse skills, and
better decision-making. They go through stages: forming, storming, norming,
performing, and adjourning.

Leadership style impacts group behavior. Autocratic styles reduce collaboration;


democratic styles build trust.

Roles help teams function. These can be assigned or naturally adopted. Norms guide
team behavior and should be clear and inclusive.

High-performing teams have a shared purpose, mutual accountability, complementary


skills, and effective structures. Self-directed teams are becoming more common.

Challenges and Conflict in Teams

Groups face challenges: participation, communication, influence, emotions, social


loafing, and groupthink. Understanding and addressing these improves performance.

Conflict can be functional — leading to better solutions — or dysfunctional, creating


stress and division. Conflict resolution strategies include collaboration, compromise,
and negotiation.

Trust is the foundation of effective conflict resolution.

HR and Team Performance

HR supports teams by offering training, managing transitions, evaluating performance,


and recognizing excellence. They also model strong teamwork in their own departments.

Creating Resonant Teams


Resonant teams are built on emotional intelligence and strong communication. Active
listening, empathy, and shared vision matter.

To lead a resonant team:

●​ Start with self-awareness​

●​ Build emotional connections​

●​ Engage people’s minds and hearts​

●​ Align team norms with emotional intelligence​

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