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The Impact of Globalization on Strategic Management

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Globalization has brought about new insights of emerging systems of strategic management in diverse parts of the globe. Tis is witnessing the creation of force that characterizes integration of markets across the globe. Gobal strategic management has led to dissemination of advanced technology that is unifying the globe despite fear and relentlessness of modern technology. Te need to have a great mode of information technology across the globe is the driving force behind dissemination of technology that has brought the current global transition (Hitt, 2010). Te world owes theses efforts to managers who came with this great idea of diversifying business through information and technology.

Due to globalization of strategic management, i is possible to diffuse information technology. A a result, agovernment is able to foster joint research and project development in other countries, crporations are able to sell sophisticated products in other nations, ad individuals are able to exchange ideas and knowhow necessary for globalization (Hitt, 2010). Wth the help of strategic management, dveloped countries are uniting with the less developed nations across the globe to integrate fuse technology towards modernization and advancements.

Snce technology requires strategized plans, gobalization is making it possible for strategy managers to introduce technology in different and, sbsequently, rmote corners of the globe and making sure people use it accordingly. Gobalization is acting as a foundation for construction of companies around the globe because of technology that is turning the world to a coherent business community (Ramamurti & Hashai, 2011). Terefore, gobalization of technology is resulting in an enormous need for strategic management. Trough globalization, srategic managers are now able to economy and society.

Afew years ago, mny companies were lingering around conflicts associated with economic and social life. Tday, gobalization of strategic management is reconciling the unthinkable by using breakthroughs (Delfmann, 2005). Fr instance, Gneral Motors used to regard economic and social integration as something not only unthinkable but also unachievable. Nvertheless, is managers introduced a prototype called GM-Saturn that dealt with both social responses and economic interests spurring improved production, ecellent customer relations, ad...

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