Good…………. Everyone.

Now I am going to present about

globalization and management.
This is introduction.
Globalization gives business organizations the
opportunity to access large markets. As a result of
globalization, there are many business opportunities as
well as challenges. Global managers face these
challenges.
Therefore, global managers need to develop different
skills. They should have knowledge of different cultures,
languages and customs.
Next Slide what is Globalization
Globalization is the process by which business or other
organizations develop international influence or start
operating on an international scale. More simply,
globalization refers to an open flow of information,
technology and goods among countries and consumers.
The main driving forces of globalization are the
introduction of open economic policies by various
countries and the advancement of technology.
Next slide how globalization impact to management
Due to globalization, various sectors such as global
environment, technology and competition are constantly
changing. Global managers must deal with those
changes. Therefore, globalization affects managers'
decisions in many ways. Managers should be able to
address global decision-making issues.
In the global economy, businesses need continuous
improvement and education of managers at all levels to
achieve their goals.
Next slide Impact of globalization to Sri Lankan economy
The following are the various sectors where
globalization has impacted Sri Lanka's economy.
 First one Globalization and International Trade in Sri
Lanka
To facilitate international trade Sri Lanka became a
member of the World Trade Organization (WTO) in 1995.
Increased integration into global economy has created
both positive and negative impacts in Sri Lankan
industries.
 Second one Impact of Globalization in Plantation
Industry
Globalization has created both prospects and challenges
for the plantation industry. It has introduced new
harvesting technologies which have helped to produce
good quality products. These new technologies have also
assisted in increasing productivity.
 Third one Impact of Globalization in Rubber Industry
Globalization has made significant changes in the rubber
industry. Rubber industry is governed by the
International Natural Rubber Agreement (INRA) which
helps to stabilize the price of rubber in world market.
 Fourth one Impact of globalization in Service
industry
Sri Lanka’s service sector has witnessed a major boom
and is the major contributor to employment and national
income. Service industry includes Health care and
Education, Foreign Employment, Communication, IT
industry, Banking and Tourism.
Next slideChallenges for Management in a Global
Environment
The following are the challenges that managers face in
the global environment.
First one is increased quality
The global environment encourages business
organizations to improve the quality of goods and
services.
Second one is Increasing innovation
Innovation is the creation of new products and services
according to the needs of the customer. Business
organizations need to constantly look for products that
customers want.
Third one is Increasing responsiveness to customers.
Globalization has increased the competitiveness of
business organizations. Every organization will always try
to attract customers to their company. As a result, every
business should focus more on its customers.
Next one is Maintaining ethical standards

In addition, managers face challenges in utilizing new

information systems and technologies and managing a
diverse workforce.
Next Slide Globalization Management Skills
International businesses have global employees,
operations, partners, alliances and managers. At the same
time, branches of international business may be spread
across many countries. Therefore, managers must have
the ability to work beyond regional, national and sub-
national boundaries for the success of global businesses.
Following are the skills.
• Overseas experience:- To be a successful
international business manager, it is essential to learn
how to do business in different contexts beyond your
own cultural perspective.
• Deep self-awareness:- Understanding your beliefs
and knowing where they might differ from others’ is
critical to global executive success.
• Sensitivity to cultural diversity: Must have an
intense interest in the lives and cultures of others,
recognizing that culture and background are not
inherently superior, to master the global business
arena.
• Global strategic thinking:- To make strategic
decisions for companies, need to understand how the
business world works on a global scale.
In addition, a manager must have skills such as lifelong
curiosity, Cautious honesty, well-spoken and good
negotiator.
Next slide benefits of globalization
The following are some of the benefits of globalization to
different countries and organizations.
First one the spread of technology and innovation.
Many countries around the world remain constantly
connected, so knowledge and technological advances
travel quickly.
Second one lower cost for products
Globalization allows companies to find lower-cost ways
to produce their products. It also increases global
competition, which drives prices down and creates a
larger variety of choices for consumers.
Third one access to new market
Globalization has enabled business people to move to
new markets.
Fourth one access to new culture
Globalization makes it easier than ever to access foreign
culture, including food, movies, music, and art.
Next benefit is access to new talent
In addition to new markets, globalization allows
companies to find new, specialized talent that is not
available in their current market.

Next slide Conclusions

Because of globalization, all sectors such as economics,
technology and environment are constantly changing.
Globalization also has advantages and challenges for
businesses. Managers of business organizations must
work to achieve business objectives in this constantly
changing environment. At the same time, Managers have
to face the challenges. Managers must respond to these
constant changes in order to cope with the global
environment. For this it is important for the global
managers to develop exceptional skills.