The term globalization is not an unfamiliar one. In fact, global commerce has become a way of business for some U.S. companies. Globalization is about international economy, open markets, competition, and free enterprise of goods, services, and capital. As domestic industries venture abroad to global communities, the paradigm of organizational management must seek to protect foreign investments and enhance a global growth strategy. Organizations must have a strong management team and a strategic plan …
showed first 75 words of 472 total

showed last 75 words of 472 total
…proportionate. As international trade increases, jobs are created, especially in poor countries, by the hundreds of thousands. Although globalization brings new, innovative, and creative products to U.S. soil, some still protest that global enterprise facilitates poverty in America, job loss and reforms, and foreign conflicts. In addition to operating in a market of uncertainty, global managers must be ardent about their leadership ability and be prepared to accept the challenges in the global environment.