Since the early stages of Human era, one thing is very evident, ‘Change’. In the modern day era the most noticeable change is Globalization. In fact I would say as the most adapted changes of all time. The rise of a global economy has brought the world to a common understanding and made earth an interdependent place to live in. We are stirring towards an economy in which barriers tumbling; apparent space is dwindling due to advances in technology and transportation. There is an emergence of a global culture looking similar and general economies are amalgamating into an interdependent global economic system. Globalization due to technology and communication has resulted in the arrangement of a “Global Village”. The companies should learn how to battle in an altering atmosphere and these are the ways in which the companies can do this:
- Recognize the changing environment.
- Adapt to the environment without compromising principles.
- Not assuming problems would automatically disappear.
- Keep corporate communication connected to strategy.
Article
The article basically speaks about how business has changed over the years as an impact of globalization. Basically earth has been a center of change. Just like the weather business has never remained the same. There has been a constant change as human mind is never stable as well. Imagine the amount of thought that comes in and goes out ever second of an individual’s lifetime. The author also says that employees have not been the dame over the last two decades. The attrition rate has become a major problem in all sectors and amongst all developing and developed nations. Basically there are four practices most management experts feel are essential for getting the best performance from employees.
1: Provide Meaning and Purpose in Work
2: Be Work/Life Friendly
3: Share the Rewards
4: Open the Books
Reference :
http://www.winstonbrill.com/bril001/html/article_index/articles/401-450/article427_body.html
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