GLOBAL ORGANIZATIONS C: Challenges, Opportunities, and the Future

The 21st century is often characterized as the age of globalization, with the world's economies becoming more and more interconnected at an unprecedented rate. And while the phenomenon of globalization isn't necessarily new, it has taken on a drastically different form since the 1980s: competition amongst multinational and global organizations is more intense, and non-Western multinationals are now emerging as important players in the global economy. Today, professional managers need to reconcile the opportunities and challenges associated with the rapid growth of Asian, Eastern European, and Latin American countries. To do so, adopting what's called 'the global mindset' is becoming an essential skill for managers within these global organizations.