Globalization and Management: Issues and Concepts

This paper takes a theoretical examination on issues and concepts ofglobalization. From the study, it is discovered that globalization is like an�old wine� in a new bottle, except that the impact of globalization is moreoverwhelming than before because of advancement in technology,communication and transportation. The study further reveals some of thepros and cons of the practice of globalization. Some of the managementchallenges of globalization include: innovating better strategies to buildcompetitive advantage in a global environment, managing a diverseworkforce among others.