Evolving Corporate Culture Report

Evolving Corporate Culture ReportName:Institutional affiliationEvolving Corporate Culture ReportIntroductionGlobalization is a process by which a local company achieves international integration as the result of expansion beyond the national borders. With globalization comes a different view of the world, new products, new ideas and other cultural aspects. The main aim of globalization is to enable a company to achieve lower operating costs, due to lower cost of raw materials, power, labor, low cost of distribution and favorable government policies such as taxes. It also aims at expanding the market and avoiding competition in a saturated environment. However, with globalization also come workplace conflicts, due to the difference in cultural values, perception towards work, how individuals air their views as well as difference in leaning behavior between the United States and the host country. This paper will look into the evolving corporate culture as the result of globalization.Global Business Environment and the Role of ManagersAmong the changes that occur in an organization during globalization, is the role of managers, who have to keep in mind the cultural diversity of the organization. Firstly, in the multicultural working environment, the managers must create teams that reflect the changing nature of