SOCECON DECK

• Globalization


  A set of processes through which the world is becoming a single place
• Globalization


  Expansion and intensification of social relations and consciousness
• Globalization


  People feel increasingly inter-connected as if they are part of a single world
• Events in one country can have repercussions across the world
• Experiencing globalization


  • Meeting friends through social media
  • The products we use are made of materials from different parts of the world
  • Shared experiences in sports, education and medicine
  • Globally standardized models of education, business, entertainment etc.
• Increasing interaction and interdependence increases contention and conflict
• It is impossible to turn the clock back (close your door) on globalization; only change direction
• Transnational


  Corporations which operate in other countries, other than the home country, and do not have a centralized management system. Decisions are hence made to suit the operating zone. Similar firms operating in other countries cannot be referred to as subsidiaries, since the management system is not centralized. Transnational companies are also not loyal to the operating country's value system, but are focused on business
• Multinational


  A corporation that has assets and facilities in one or more countries, other than the home country, and has a centralized office where global management is coordinated. Decision making hence affects all the subsidiaries globally.