Impact of Globalisation on International Teams' Work

Running head: RESEARCH AND ACADEMIC SKILLS
Research and Academic Skills
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1. Introduction
In last two decades what has brought a complete change to the global business and
economy is the process of globalisation in businesses. The transformation of the current
economy from manufacturing economy for a primarily service economy has significantly
raised the importance of knowledge in the field of job performance of the employees. Global
changes in the world, the economic, political and business activities and the technological,
communication and transportation developments have imposed the need for companies in
their struggle for existence to alter their business strategies as well as to go out from their
national borders to the international one (Thrift and Amin 2017). People have now become
the most valuable asset of today’s companies and with the same, the emergence of new class
of highly skilled knowledge workers is also a significant evident in the present scenario.
Today, organisations no longer operate in their respective national or domestic boundaries
only. Globalisation has opened up their way to international boundaries. This has resulted in
organisations beings governed by the political, legal and business environment of both the
national and international borders. This paper is going to elaborate on discussing about
globalisation and the impact it have on the contemporary world of business. It would assess
the various different definitions of globalisation proposed by various different scholars and
researchers. With the same, this paper shall critically assess the impact of globalisation on the
work of international teams in businesses. It is also to mention that the importance of
leadership and cross cultural management in regards to the maintenance of the international
team’s work shall also be assessed.

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2. Literature Review
2.1. Globalisation
World is evolving and along with it, the businesses and trade are also undergoing
significant changes. Services and goods from one country of other are very easily available
all around the world and as the roost of globalisation is quite old, such a facet is
comparatively new. Hirst, Thompson and Bromley (2015) in this context have defined
globalisation as “easily availability of goods, connectivity among the nations and access to
trade rights in any nation”. However, as mentioned before, the concept of globalisation has
old roots. One of the significant evident of this notion is that of the famous silk route which
connects the China with Europe. Businesses and trade around the nations are quite prevalent
and with the same, the search for new markets have led to the discovery of the new continents
at the same time. Notwithstanding this fact, trade at those times were a very difficult affair.
The precious stones, silks and prices were all acquired with huge difficulty and with high
prices.
2.2. Impact of globalisation on the international teams’ work
International teams’ work is used for describing all the works of the international
teams including the commercial transactions such as sales, transport, logistics, private and
governmental, investments etc. that take place among two or more nations or countries
beyond their political boundaries (Deresky 2017). Ever since the earliest signs of the human
existence, individuals are interacting with others, communicating continuously and are
developing new effective ways for exchanging the information. Along with the starting of the
Digital Era of modern days, the communication technology and the internet have been
developed in a way, allowing the real time communication over the time zones and space in
one single environment that is reachable from anywhere around the world- the virtual reality.
Companies are rapidly growing and expanding their global marketplace, working and

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managing with the people from all around the globe. It is gradually becoming a new reality.
Globalisation has led to increase in the international business growth (Wirtz, Tuzovic and
Ehret 2015). Today’s businesses are all driven with a single motive and this is of profit. They
have several responsibilities towards their shareholders and the stakeholders for obtaining
proper return on the investment and for earning profit. Some of the very few important
aspects to this as per Gubbi and Elango (2016) are- the increase in market base, the
acquisition of the resources and minimising the risk factors. It is to mention that globalisation
has brought people and businesses all over the world much closer. Its impact is huge and
remarkable.
As per De Brentani and Kleinschmidt (2015), the international teams and
globalisation are interrelated to each other. It is to mention that the international business are
comprised of all the commercial transactions including governmental and private in between
the parties of two or more nations. The global competition and events influence all the
companies, whether it be small or large. Notwithstanding this fact, the international
environment is much more complex and diverse as compared to the domestic environment of
a business. Globalisation has changed the outlook of business, given more support for cross
cultural communication and opened up new opportunities for the teams to work with more
variety of thoughts and ideas. Due to globalisation, the international teams get many options
for doing their businesses and work procedures and that include- the exporting of services
and goods, the starting of joint venture along with a firm, giving license for producing goods
in the host nation, opening up of a branch for producing and distributing of products in the
host nation and for providing managerial services to the firms in the host nation (Crane and
Matten 2016).
The impact of globalisation in the organisational culture directly relates the
advantages or disadvantages of the employees working in that organisation. After these long