Globalisation and its Impact on Innovation, Knowledge Management and Challenges

Globalisation

Globalisation
 Globalisation is the procedure through
which economies, which have emerged
as integrated and inter-dependent. For
example- joint venture and the sharing of
the assets is the part of globalisation.
 Globalisation is the integration of the
economies of several activities such as
cross network of the organisation,
distribution, production, research and
development. (SOURCE: NOLASIA, 2018)

Advantages
(Source: Economic help, 2018)

 Increase in the investment platforms by the
developed organisation can avail the opportunity
to natives of the developing countries to develop
themselves.
 The companies can get the opportunity to tap
wide talent pool. The company has the
opportunity to innovate with the help of
culturally diversified people.
 Globalisation creates large market with improved
data and information, and high level standards.