Effects of Globalization Tate Lyle Case - 5569 Words

City of London College BTEC Advanced Professional Diploma in Management Studies – Level 7 Unit 07: Management in the Wider Environment By: MS. LENA S. MACASAET TABLE OF CONTENTS INTRODUCTION PROFILE Tate amp; Lyle PLC 3 TASK 1 / Globalization 4-8 1 Definition 4 2 Various Dimensions of Globalization 4-5 3 Effects on National Economies 5-6 4 Influence of International Institutions 6-7 5 Effects of EU Membership on Tate amp; Lyle 7-8 6 Effects of EU Membership on Workplace 8 TASK 2 / Environmental and Health amp; Safety Awareness 9-11 5 Protection of Natural Environment 9 6 Tate amp; Lyle’s Environment-Friendly Standards 9-10 7 Health†¦show more content†¦Discuss also how the EU membership of Britain affects organizations. GLOBALIZATION Globalization is a process in which barriers (physical, political, economic, cultural) separating different regions of the world are reduced or removed (removal of barriers is called liberalization), thereby stimulating exchanges in goods, services, money, and people. As these exchanges grow, nations and the businesses involved, become increasingly integrated and interdependent, promoting mutual reliance between countries. ⠁ µ Globalization is not a new idea at all. Many intellectuals including most social scientists agree of its deep origin by referring to it as a â€Å"phenomenon of long term historical process†¦Ã¢â‚¬  ⠁ ¶ Jagdish Bhagwati, a renowned economist from Columbia University and author of â€Å"In Defense of Globalization†, at his speech at IMF Economic Forum in 2004 â€Å"argued that when properly governed, globalization is in fact the most powerful force for social good in the world today.† ⠁ · VARIOUS DIMENSIONS OF GLOBALIZATION Following are the various dimensions of globalization as described by the European Network of Economic Policy Research Institutes (ENEPRI): ⠁ · 1) The internationalisation of national economic spaces through growing penetration (inward flows) and extraversion (outward flows). Example: The rise of China alone accounts for a lot in the globalization story. In 2003, China’s economy accounted for 55% of Asia’s export.Show MoreRelatedCoca Cola Organizational Theory Essay19602 Words   |  79 Pagesaspect of vertical integration is high bureaucratic costs (Jones, 2007). The Coca-Cola Company should look at buying the following companies: The NutraSweet Company, Ajinomoto Co., Inc., Nutrinova Nutrition Specialties Food Ingredients GmbH, or Tate Lyle. These companies are one of two possible suppliers for important raw materials (Annual Report, 2006). Although the company has not experienced significant problems, future events are always uncertain. The most secure way to control suppliers forRead MoreDeveloping Management Skills404131 Words   |  1617 PagesUnderstanding and Appreciating Individual Differences Important Areas of Self-Awareness 61 Emotional Intelligence 62 Values 65 Ethical Decision Making and Values 72 Cognitive Style 74 Attitudes Toward Change 76 Core Self-Evaluation 79 SKILL ANALYSIS 84 Cases Involving Self-Awareness 84 Communist Prison Camp 84 Computerized Exam 85 Decision Dilemmas 86 SKILL PRACTICE 89 Exercises for Improving Self-Awareness Through Self-Disclosure 89 Through the Looking Glass 89 Diagnosing Managerial Characteris tics 90