Professional Documents
Culture Documents
It is not a 21st century phenomenon but has occurred at various points over
human history (Sriramesh, 2009).
Three periods of Globalization (Thomas Friedman, 2014).
- Globalisation 1.0 (1491–1800) involving the globalization of countries
- Globalization 2.0 (1800–2000) involving the globalization of companies
- Globalization 3.0 (2000–present) involving the globalization of individuals
Principal drivers of globalization in the
final decade of the 20th century
sensitivity
Integrating multicutural
stakeholder expectations in
organisational strategy
Enterprise
strategy This ensures the diversity of
and cultures and stakeholders are
prioritized uniquely
cultural
sensitivity