Innovation Position in Era of Globalization

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ACKNOWLEDGEMENT

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

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Abstract

The term globalization involves a process of increasing internationalization and exchange of financial capital, industrial and commercial goods and new relationships of international politics This paper is going to explain the role and position of innovation in a business according to globalization, after a brief introducing of globalization and its threats, opportunities and effects, innovation, as a key point will be discussed This research is founded on the secondary data. The research encompasses the publications, articles and similar studies accessible on the Internet. Keeping in view the approach taken in earlier studies the research began with a broad analysis of the existing literature. The globalization is no longer a theory, or a possible path of the economy and the market, but a specific event that is changing the economic strategies of the nations completely, redefining international relations and creating new and powerful cultural patterns. The economic purpose that inspired globalization is the economic growth of the business class, but there is evidence that human development plays a major role in the movement now rush to float all over the world. Faced with the globalization of the economy and the globalization of trade, the organizations are expected to remain constantly on alert and regularly adapt its organization and production system requirements that result.

Table of Contents

ACKNOWLEDGEMENTII

DECLARATIONIII

CHAPTER 1: INTRODUCTION1

Technology Innovation2

Purpose4

Aims and Objectives4

Research Questions4

CHAPTER 2: LITERATURE REVIEW5

Contemporary approach to competitiveness and innovation concepts and their synthesis10

Global competitiveness index as an integrated micro- and macro-environment evaluation tool11

The Link between Innovation and Globalization12

CHAPTER 3: METHODOLOGY17

The Research Process17

Search Technique18

Literature Search18

Inclusion and exclusion criteria19

CHAPTER 4: ANALYSIS20

Effects of Globalization23

Effects of Globalization on Economy25

Critique of Globalization27

Strengths27

Weaknesses28

Innovation and its role31

Readiness to Change32

Employee attitudes32

Organizational learning33

Practical approach33

Application of knowledge to complex organizational situations34

The role of communication in organizational change34

Job satisfaction and productivity35

CHAPTER 5: CONCLUSION37

REFERENCES38

CHAPTER 1: INTRODUCTION

The term globalization involves a process of increasing internationalization and exchange of financial capital, industrial and commercial goods and new relationships of international politics (Rowley 2008 90). It is the emergence of transnational companies which in turn are produced in response to the constant relocation of the system that needs capitalist production, new production processes and distributive consumption. Globalization is expanding and relocating geographically having intensive use of technology. In some ways the movement is aggressive to international trade. The products that exported today are not only manufactured goods, but capital and profits. And this loss of earnings is also a loss of capital that further diminishes a country. It is the fight of their investments abroad (Rowley 2007 703). The country receiving the investment benefits from employees' wages and, some ...