Challenges Faced By The Third Phase Of Globalization Essay

Question 2: What are the main challenges faced by managers in what has been called the â€Å"third Phase of globalization†? Introduction: The question asked for the challenges faced by managers in the â€Å"third phase of globalization.† The key words for this question is the â€Å"third phase of globalization.† Therefore, when we begin to find the challenges that managers would be faced. We need to understand the meaning of globalization, and what the third phase is. According to the book â€Å"culture in the age of three worlds† (2004), it mentioned that with its various kin transnational, postmodern, and postcolonial â€Å"globalization† displaced â€Å"international†, the key word of an earlier moment, which had modified not only such grand capitalist forces as International Business Machines (IBM) and International Tele nationals of the world working class. As the skeptics remind us, globalization is not new, but is a long-term tendency of capitalism. Main body: After we understand the meaning of globalization, we need to figure out what is the phase of globalization, especially the third phase of globalization. According to Friedman (2006), he mentioned that, there have been three great ears of globalization. The first lasted from 1492-when Columbus set sail, opening trade between the Old World and the New World-until around 1800.1 would call this era Globalization 1.0. During the Globalization 1.0, the countries and governments were influenced by religions and Empire hegemonies, they usedShow MoreRelatedSummary Of The Globalization Of Poverty And The New World Order1377 Words   |  6 Pages The Globalization of Poverty Page 1 of 9 and the New World Order: Book Review The Globalization of Poverty and The New World Order by Michel Chossudovsky Sydney Pothakos St. #: 8666099 November 8th 2016 Professor Ivaylo Grouev POL1102 The Globalization of Poverty Page 2 of 9 and the New World Order: Book Review Globalization is a vicious cycle that chases itself exponentially as time progresses. Distinguishing between whether or not globalization is a beneficial phenomenon or a destructiveRead MoreGE Two Decade Transformation1737 Words   |  7 Pagesï » ¿ Case 1: GE’s Two Decade Transformation: Jack Welch’s Leadership-HBS # 9-399-150 1. How difficult a challenge did Welch face in 1981? How effectively did he take charge? 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