Globalization Essay Example | Topics and Well Written Essays - 2250 words

Globalization - Essay Example Furthermore, the paper also discusses PESTEL Analysis and what benefits does it have in UK economy and their drawbacks. Lastly, it describes the future of globalization. The term ‘Globalization’ is defined as a process of integration which has been derived from the human connectivity and their exchange of ideas, products and different aspects of their culture and trends. In other words globalization is represented as a new term for changes in International relations which was exploited in the end of the twentieth century. Globalization refers to the larger context with respect to the globe rather than in a national context. The advancements and breakthroughs in transportation and telecommunication play an important role in the rise of globalization alongside with the increase use of the internet which has led to the growth in globalization. When economies are interconnected with each other, it has provided an opportunity for globalization to occur (Jones 2010). Globaliza tion has various meanings and it has been the source of argument in the recent decade about its true meaning. Albrow (1990) argues that globalization is far broader concept than interconnection and relations between the different objects. He explained that globalization is referred to all those processes by which different people of the world and different products of the world are incorporated to form a single concept or a society (Gupta 2009). However, many of the terms superseded the previous terms due to change in the nature of the world. Appadurai (1996) suggested that globalization is the process of mixing of the culture with respect to different locations and identities of regions. The author tried to propose that globalization will occur if people from different identities and regions would come together and blend their culture to form one idea is to be known as globalization (Appadurai 1996). Carnoy (2001) defines globalization as the weakening of the state when it cannot c ope up with the environment. This implies that if a country fails to adapt to the new conditions of the world in the global environment, then it blends up with the environment itself for keeping themselves alive in the market (Munck 2005). Many scholars have traced back the history to gather information on the origins of globalization which was found to present before the European age of discovery. When people moved to different regions, they tried to adapt to the certain environment and to the cultures of the particular region. It is where the role of globalization play its part when people share different ideas and merge it to become one single idea (Jones 2010). Aspects of Globalization Globalization has both the social and economical aspects, if understood; it can help nations to achieve greater heights of success and growth. In economical terms, it is the rapprochement of countries and their flow of goods and capital from one place to another due to various inventions that has been made by countries. The first wave occurred in the era of economic boom which made Great Britain to realize its capability and brought the nation into foreground. Many scholars term the modern globalization as the increase in the technological achievements of a country which have made possible for people to migrate and allowed the flow of capital and information to satisfy its needs. Scientific reforms and revolution have created new forms of transportation and the rise of

Human Resource Management Essay Example | Topics and Well Written Essays - 2000 words

Human Resource Management - Essay Example Flanagan was the firm’s vice chairman in the corporate offices of Chicago (Blitstein 2008). According to the article, Flanagan, ‘repeatedly lied about his trading in annual written certifications’ (Blitstein 2008). I’ve made a research on the literature related to business ethics and came to the conclusion that employees in all firms need to follow the ethical rules set by their organization, as these rules are aligned with the laws regulating trade and commerce. In the specific case, Deloitte had failed in identifying early the violation of business ethics by its vice president; moreover, it seems that this failure has been a common phenomenon for the specific organization, meaning especially the problems in the firm’s audits in 2009 and 2010, as identified by the Public Company Accounting Oversight Board (PCAOB) (Lynch and Byrnes 2011). In accordance with Tittle (2000, p.67) ‘employees need to be loyal to their company’; however, this loyalty has limits. ... It is implied that the activities of employees within organizations need to be lawful and that no violation of law in the context of business activity is permitted. In accordance with a survey developed in 1990, a high percentage of organizations, about 90%, tend to develop a corporate code of ethics (Trevino and Weaver 2003). In this context it would be expected that the phenomena of corporate fraud would be limited worldwide. The case of Deloitte, as of other well-known firms, such as Enron, revealed that the rules of corporate code of ethics are often ignored within modern organizations. I decided to explore all aspects of the Deloitte’s case, meaning its problems related to business ethics, in order to identify the failure of the organization to promote business ethics among its employees: was these failure related to specific employees or to the organization’s strategic framework? Log Entry 2 February 15, 2012 At a first point, Deloitte’s practices in regard to the control of fraud in the internal organizational environment can be considered as quite ineffective. In accordance with the firm’s website, the Board has a key role in ‘overseeing the organization and ensuring that it operates in the best interests of its shareholders’ (Deloitte, The role of the board, 2012). It is further explained, that the Board has the power to develop a regular control on the firm’s value drivers and set the firm’s targets, including the systems required for ‘monitoring managers’ accountability’ (Deloitte, The role of the board, 2012); the above powers are part of the Board’s responsibility to check the level at which the corporate governance rule are applied (Deloitte, The role of the board, 2012). In other words, the firm’s Board is primarily