The performance of Globalization in organization

Globalization is defined as the process of increasing social and cultural inter-connectedness, political interdependence, and economic, financial and market integrations. There are two stages of globalization, Stage one appeared during the period after 1870, in the context of nation-state sovereignty and control sad by Bakan (2004).   Second stage appeared during the post World War II period and is referred to as corporate globalization.

Challenges and opportunity of globalization
The globalizations numerous opportunities are such as large markets, access to modern technology worldwide, access to modern and superior goods or services, and fewer barriers to trade and capital flows. It is up to every performer to develop its capabilities so as to be able to exploit the opportunities emerging from globalization At the same time it also also comes with huge challenges such as liberalization of markets, intense competition, decline of domestic job opportunities and revenues, economic volatility of the integrated marketing, cyclical crises, and non-tariff barriers to trade, the spread of pandemics, and new security issues.   This global proximity is thought to foster cooperation and to increase security.

Performance of globalization
The globalization phenomenon is being a driven and propelled by certain factors. These factors and how they contribute towards undermining organizational efficiency and performance.
First is Economic Liberalization, is the process by which national economies free up, open up and deregulate their economies for higher economic gains and greater participation by, particularly private corporation. The idea is that the government will retreat from direct economic investments, participation and engagement with that of a regulator, partnering and a provider of ‘level playing ground’ for businesses to thrive.

The   opening up of national economic boundaries and the removal of...