7 Globalization Major Impact Organizational Behavior Managerial Standpoint Must Companies Q34235733

7. Globalization is having a major impact on organizationalbehavior. From a managerial standpoint, why must companiesunderstand and embrace globalization?

Expert Answer

Globalization resulted in companies from one country expandingtheir businesses by entering other countries to reap the benefitsof a new customer base, cheap and skilled labor, ease of setting upbusinesses, availability of land and natural resources etc.

Below is why companies must understand and embrace globalization-

1. Globalization opens new markets for the firms to expand towith a huge number of consumers and new business opportunities.

2. Globalization introduces the customers with wide range ofproducts and lower prices.

3. Globalization increases employment and is good