Impact of Globalization on Business and Management Education
Impact of Globalization on Business and Management Education
The business sector in India is highly promising in the present scenario. The impact of globalization has changed the business procedure in India in terms of psychology, methodology, technology, mindset work culture etc. Newer challenges, newer opportunities are day-by-day in front of Indian industries, which are profitable and prospective.
The fundamental scope of doing business in India is lying with its people. The huge population of India has created a large unsaturated market of consumers. This is one of the reasons why global companies are very much interested in doing business in India. In the post globalization era this scope has increased immensely for global multinational companies as Government of India has also played a very crucial and supportive role in this respect through liberalized policies and legislative structure.
Let us glance through a few situations that has arisen in India post liberalization
1. Shifting of Agriculture worker to industry sector
2. Urbanization –People are shifting from rural to urban areas.
3. Opening up of trade market –export import boom.
4. Big open saturated market for products
5. A growing market for high quality and low price product
6. Gradual increase of organized retail chain.
7. Growing number of Merger and Acquisitions.
8. Lucid license policies for overseas Multinational Corporation.
9. High growth rate is showing economic prosperity in India.
10. Indian Market leaders going global.
But there are certain negative impacts occurred aftermath the globalization impact in India, which are as follows –
1) Unequal distribution of wealth disparity in income.
2) Rapid privatization government driven public sector units are on sale.
3) Uneven growth in respect of different sectors.
4) Extreme mechanization is reducing demand for manual labours.
5) Both employee and consumer exploitation are on rise by private sector.
Scope of Indian
The business sector in India is highly promising in the present scenario. The impact of globalization has changed the business procedure in India in terms of psychology, methodology, technology, mindset work culture etc. Newer challenges, newer opportunities are day-by-day in front of Indian industries, which are profitable and prospective.
The fundamental scope of doing business in India is lying with its people. The huge population of India has created a large unsaturated market of consumers. This is one of the reasons why global companies are very much interested in doing business in India. In the post globalization era this scope has increased immensely for global multinational companies as Government of India has also played a very crucial and supportive role in this respect through liberalized policies and legislative structure.
Let us glance through a few situations that has arisen in India post liberalization
1. Shifting of Agriculture worker to industry sector
2. Urbanization –People are shifting from rural to urban areas.
3. Opening up of trade market –export import boom.
4. Big open saturated market for products
5. A growing market for high quality and low price product
6. Gradual increase of organized retail chain.
7. Growing number of Merger and Acquisitions.
8. Lucid license policies for overseas Multinational Corporation.
9. High growth rate is showing economic prosperity in India.
10. Indian Market leaders going global.
But there are certain negative impacts occurred aftermath the globalization impact in India, which are as follows –
1) Unequal distribution of wealth disparity in income.
2) Rapid privatization government driven public sector units are on sale.
3) Uneven growth in respect of different sectors.
4) Extreme mechanization is reducing demand for manual labours.
5) Both employee and consumer exploitation are on rise by private sector.
Scope of Indian