Globalization and Management: Issues and Concepts

Abstract

This paper takes a theoretical examination on issues and concepts of globalization. From the study, it is discovered that globalization is like an �old wine� in a new bottle, except that the impact of globalization is more overwhelming than before because of advancement in technology, communication and transportation. The study further reveals some of the pros and cons of the practice of globalization. Some of the management challenges of globalization include: innovating better strategies to build competitive advantage in a global environment, managing a diverse workforce among others.