Mgt 4441 Module 13 Hw What Are The Key Components Of Globalization And How Can They Influence Collective Bargaining?

This study source was downloaded by 100000859819779 from CourseHero.com on 02-06-2023 11:25:30 GMT -06:00https://www.coursehero.com/file/187629499/OBrien-C-Mod13HWdocx/ 1Module Thirteen HomeworkChristina M. OBrienCentral State UniversityMGT-4441-5ONProfessor Theon AikensNovember 21, 2022This study source was downloaded by 100000859819779 from CourseHero.com on 02-06-2023 11:25:30 GMT -06:00https://www.coursehero.com/file/187629499/OBrien-C-Mod13HWdocx/2Module Thirteen HomeworkWhat are the key components of globalization and how can they influence collective bargaining?Key components of globalization:Globalization is the process of interchange of products, services, ideas and views among the different countries. It is a process of transnational integration of human and non-human activities. (Globalization Partners, 2020)The different components of globalization are as follows: Foreign direct investment is the type of interactional investment which is made by an immediate financial specialist in one nation in an undertaking inhabitant in another nation. Multinational enterprise is an entity which operates its business in more than one nation. Deregulation is the process of reduction of power of government in a particular industry to enhance competition. Import and exports also play an important role in the globalization in the present era.These components of globalization influence collective bargaining a lot. The power of unions decreases with the rise of multinational enterprises in the nation. The development of global organizations and the expansion of business lead to