Globalization & It’s Effect On Manager’s Job
Globalization of Innovation is the key for the production as well as processing of knowledge in an organization for last few decades. Indeed organizations ability to convert knowledge into wealth and social good through the process of innovation determines its future. The companies are facing a great development in the global markets resulted from globalization. Therefore, they are thinking of a new generation of managers, which we call global managers. They have a wide viewpoint of unexpected environmental changes that needs a fast and right decision to make.
The old generations of managers don’t have this competency. So, they can’t adapt with the new environment (Kanter, 1995, p. 149). The entry of multinationals has also brought in fundamental changes in the work culture, work ethics and remunerating patterns in many countries, all of which have a clear bearing on the career growth path of individuals. Added to this are the rapid changes taking place on the technological front, flattening hierarchies and making people come together more than ever before.
The new authority is emerging and organizations are member led, officer driven, customer focused; a team environment where the whole is greater than the sum of its parts; a flat management structure where
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A firm commitment is to delivering high quality public services through a combination of direct-provision and effective partnerships. Global manager International companies operate in an environment shaped by a vast range of economic, political, legal, cultural, market, trade, monetary, governmental, and institutional forces.
These forces make up the environment of international business. These forces represent the system outside the international firm’s boundaries that influence the actions of its global managers. Global managers help their companies compete more effectively in international businesses. The Global manager must be open-minded and ready to accept changes. He must be well oriented and trained on the new technologies, good communicator and good negotiator, too. All of that makes him more efficient, competitive and globally opened without distinguishing between religions, colors, genders and roots.