Podcast
Questions and Answers
Which of the following is NOT a potential negative consequence of globalization?
Which of the following is NOT a potential negative consequence of globalization?
- Increased cultural exchange and understanding (correct)
- Domestic job loss
- Exploitation of workers in developing countries
- Environmental problems
What is a key challenge for organizational communication in a globalized world?
What is a key challenge for organizational communication in a globalized world?
- Ensuring effective communication across language barriers
- Promoting cultural sensitivity and understanding
- Balancing profit maximization with ethical considerations
- All of the above (correct)
How has the interconnectedness of the global economy impacted organizational communication?
How has the interconnectedness of the global economy impacted organizational communication?
- It has had no significant impact on organizational communication.
- It has increased the importance of effective communication for managing international business relations. (correct)
- It has made communication less important, as global markets are now self-regulating.
- It has decreased the need for cross-cultural communication skills.
What is a potential benefit of globalization for entrepreneurs?
What is a potential benefit of globalization for entrepreneurs?
Which of the following accurately describes a key feature of globalization?
Which of the following accurately describes a key feature of globalization?
Flashcards
Globalisation
Globalisation
The process of increasing interconnection among countries, creating a global economy.
Global Economy
Global Economy
An interconnected economy where goods, services, and labor flow globally.
Multinational Presence
Multinational Presence
The existence of organizations in multiple countries.
Domestic Job Loss
Domestic Job Loss
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Economic Repercussions
Economic Repercussions
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Study Notes
Globalization
- Globalization has increased interconnectedness through improved transportation and communication, creating a global economy and market.
- Multinational organizations are prevalent, even in developing countries.
- Economic collapses in one country can have international consequences, as seen with the 2010 Greek economic crisis.
- Globalization has offered opportunities for entrepreneurs and increased accessibility.
- Challenges include job losses in developed countries, exploitation of workers in developing nations, and environmental damage.
- Organizational communication within a globalized world has raised new questions, including how to protect worker rights in multinational corporations.
- Questions exist regarding how to successfully establish political and economic policies for sustainable global economic development.
- Corporations need to balance customer affordability with secure employment, which requires effective communication.
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