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HI6005 Management and Organisations in a Global Environment | Holmes Institute

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Holmes Institute Sydney

   

Management and Organisations in a Global Environment (HI6005)

   

Added on  2020-03-02

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HI6005 - The report focuses on the stages of globalisation, which are marked as era. Thomas Friedman describe three phases on globalisation first having to do with companies. The first activity identifies risks of the flat world, which is time lag in innovation. The risk is waiting for some business waiting to happen can be a loss of business in totality. 

HI6005 Management and Organisations in a Global Environment | Holmes Institute

   

Holmes Institute Sydney

   

Management and Organisations in a Global Environment (HI6005)

   Added on 2020-03-02

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Higher Education FacultyAssignment Cover SheetSubject TitleManagement and Organisations in a Global EnvironmentSubject CodeHI6005LecturerNAVROOP SINGHAssignment TitleResearch Paper 1Due DateFriday Week 6Contact DetailsStudent IDBIC3007Student Name NAVROOP SINGHStudent e-mail addressbic3007@my.holmes.edu.auI acknowledge that:1. This assignment is my work. I acknowledged and disclosed fully any assistance received in its preparation and cited any sources from which I used data, ideas, words, either quoted directly or paraphrased.2. This assignment was prepared by us specifically and only for this subject.3. This assignment is identical with the work submitted via Self-Check on Blackboard.
HI6005 Management and Organisations in a Global Environment | Holmes Institute_1
Table of ContentsExecutive Summary...............................................................................................................................3E-learning Activities...............................................................................................................................3Week 2 – Activity 1: Thomas Friedman on Globalisation:3 Eras of Globalisation: World is flat.........3Week 2 – Activity 4: ‘The myth of national culture’...........................................................................5Conclusion.............................................................................................................................................5Reference Lists......................................................................................................................................5
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Executive SummaryThe report focuses on the stages of globalisation, which are marked as era. Thomas Friedmandescribe three phases on globalisation first having to do with companies. The first activity identifies risks of the flat world, which is time lag in innovation. The risk is waiting for some business waiting to happen can be a loss of business in totality. McSweeney’s view of national cultures hold much prominence compared to those of Hofstede’s national cultures. The most valid assumption of McSweeney’s theory includes cultures being sub-sets of national cultures. Hofstede’s on the other established cultures on being broad dimensions of nationality. E-learning ActivitiesWeek 2 – Activity 1: Thomas Friedman on Globalisation:3 Eras of Globalisation: World is flat Thomas Friedman in his concept of globalisation highlighted three distinct stages. First stage focussed on expansion of companies[ CITATION Chr084 \l 1033 ]. Second stage of globalisation focussing on countries globalising and third phase on individual globalising. At each stage of globalisation, focus is on extension of capabilities and gaining from resources of others. The most important phase of globalisation is now, which is expected to continue in the future. This last phase has individuals wanting to explore the world for the purpose of their benefits. If an idea exists and there are possibilities to explore and develop on those ideas then individuals will do so instead of waiting. Waiting on an opportunity can lead to significant wastage of time, hence the iron rule is to get things done or opportunities turned into businessideas. In case an individual waits for an opportunity for a time period then another individual might pick up on that idea and implement it to reap benefits from it[ CITATION Rug081 \l 1033 ].There are several instances of businesses in the flat world that have been borne out of ideas, concepts or perceptions. Thus, the major drawback or risks living in a flat world can be losingout on a substantial time period, which will in turn lead to losing of the business opportunity in itself. There is immense competition amongst individuals, who are exploring new set of ideas, concepts which can be applied to create sustainable advantage for business growth in
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