Nick Starritt Managing Director Sirota Consulting Europe.Here's a different reason to consider the case for more globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation : increased access to talent. As the workforce in Western economies becomes progressively older, where in the world will we find sufficient young people to replace them? Mainly from Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. , North Africa, the Indian sub-continent and Asia. And where are the emerging markets that greater globalization provides access to? Same places. Maybe there's a win-win-win here. Companies will need new sources of talent as demographic change begins to bite in (Etching) to corrode or eat into metallic plates by means of an acid. See also: Bite the West, and consumers in emerging markets want opportunities for their sons and daughters just as much as their counterparts in developed economies. Youngsters everywhere want to work for organizations that will offer them best business practice. Technology can help, by allowing experienced employees to mentor Mentor, in Greek mythology Mentor (mĕn`tər, –tôr'), in Greek mythology, friend of Odysseus and tutor of Telemachus. these new entrants even when they're they're Contraction of they are. they're be thousands of miles away. Globalization can oil all these wheels, by allowing young people access to successful international companies while enabling forward-thinking organizations to tap a rich vein of diverse talent in the new markets. All this can drive business performance forward, and thereby increase ... globalization. Contact: nstarritt@sirota.com |
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