Globalization and Work Teams

Paper Summary:

This paper examines some of the current and potential effects of globalization. In particular, it explores the ways in which businesses are now more integrated with each other than before and how they take advantage of such issues as economies of scale and the global integration of supply chains. This research also examines the ways in which work teams can be an essential part of a company's transnational strategy.

From the Paper:

"As Kegley and Wittcoff (2000) note, the focus of the effects of globalization tends to shift with the speaker s or writer s own sphere of interest. Within the arena of economics, globalization tends to refer to two different types of activities. The first of these is the ever-increasing concentration of capital in financial markets that has come about through the increasing amalgamation of firms as they acquire divisions in a variety of countries. The second and related economic aspect of globalization is seen in the ever-increasing tendency of countries to affiliate themselves into multi-national economic blocs such as the European Community and the tri-country state defined by NAFTA. All of these structural aspects of globalization have consequences for the ways in which companies organize themselves (Hartman and Guss, 1996)."

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