Get GLOBALIZATION AND WATER RESOURCES MANAGEMENT

Globalisation influences decision making and strategy due to the way it has created the need to: change leadership style; utilise international diversification as a strategic option; and reduce international trade barriers.

Globalization processes also contribute to increased rates of urban and industrial development, which in turn leads to competition for scarce water resources between agricultural versus other uses. Like climate change, globalization has highly uneven effects among individuals, communities and social groups.

Globalization has aided deforestation and the huge consumption of non-renewable fossil fuels and natural resources. Globalization places a strong focus on commerce, including import and export. If the demand exceeds the supply, exporting might lead to deforestation.

For the oceans, increasing affluence from growth means increasing demand for resources from fisheries and mining, expansion of global shipping, pollution, and recreation and tourism, and of course greater exposure to the impacts of climate change.

The globalization of the business environment has deepened the need for the emergence of international standards to determine companies to make sustained efforts to achieve a higher quality level and help them build a quality management system ing to the same rules.

Key Takeaways. Globalization is the spread of products, technology, information, and jobs across nations. Corporations in developed nations can gain a competitive edge through globalization. Developing countries also benefit through globalization as they tend to be more cost-effective and therefore attract jobs.

Globalization of management refers to the spread of management practices and techniques across national borders and continents. This trend has been driven by advances in technology, increased trade, and the growth of multinational corporations.

The effect of Globalization on Business Management practices One major impact is the need for cross-cultural communication skills among managers and employees alike. Globalization has also led to increased competition, as companies from all over the world can now compete with each other more easily.