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One thing to keep in mind as a manager is that you are also a problem solver. You have to be able to fit that last piece into the puzzle. You have to understand what is contributing to the problem at hand and what is being impacted, then figure out a solution. If you have any issues in the problem solving process then more than likely the corrective action will be unsuccessful. Managers need to be willing and able to find all the pieces of the puzzle (hence the picture) and put them all together, not leaving any once piece out.

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Employee evaluations are something that I dread every year for my job. For our evaluations we write them up, they then go to our higher ups for them to change around what they deem necessary and then we (everyone of the same pay grade) gets ranked against each other. One of the main things I despise is having to essentially brag about myself, if you asked me what I do every day I would answer my job. But on these evaluations we have to literally name everything and honestly exagerate. However, these evaluations do give our command a regular measure of performance for all of us and provides opportunities to take corrective action and advise in areas that could use some improvement. Needless to say, although a pain, they are 100% necessary.

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Motivating your employees is something that should be at the top of your to-do list everyday. If your employees are motivated it gives them a reason to look for a "better" way to complete tasks, be more quality-oriented, and work with higher production and efficiency. If your employee is motivated then they are energized and ready to complete the next task at hand. If you are consistently downing your employees or not motivating them, you are definitely not going to get their full potential. I chose this video because it was very motivational and I think everyone could benefit from it.

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One thing that I find extremely important for someone to be a great leader is for them to be willing to change and be trustworthy. No one wants to work for, and make happy, and individual who cannot admit to their mistakes and lie about various things. You can lose trust in a second, but building it back takes a lot longer than that. Great leaders need to make sure that they can adapt to new salutations and always tell the truth even when its not what everyone wants to hear.

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I picked this picture because it is a prime example of how I think of an autocratic/authoritarian leader. These people centralize the decision-making power in the leader. They do not entertain or acknowledge any input from subordinates. It can definitely be effective in quick decision making, but it is very ineffective for maintaining any type of employee satisfaction. I see these types of leaders always yelling their demands, not caring about the impact and affect it has on their subordinates.

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Normally when someone takes on a job they feel they know what is expected of them and will want to make a good impression (hense the GIF, "Let's do this") Most people are ready for the challenge. Some of the ideas that people walk into a new job with are by word of mouth or prior experiences, and some of the time these ideas don't really match up to the reality. Orientation and training for a new employee is super beneficial. It helps the employee to gain a new confidence and understand the company's system, people and expectations. It also helps the employee to build skills and relationships.

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We always hear about how interviews should go and how we should act and responds as the individual interviewing for the job, but rarely to hear how the manager should be interviewing. This module gave us a lot of insight into interview techniques that managers should use. One of these techniques is active listening. I am sure we have all went to an interview and felt like the person couldn't have cared less about what we were saying and is a sense didn't even listen to us at all. Active listening shows that the manager wants to know and learn about the candidate and show that they are interested. Nodding, asking follow-up questions, smiling, other body languages to encourage the candidates.

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There are so many barriers that can distort or misrepresent a message that is being given via communication. This picture shows that each person has a different idea or understanding of what is being said. Everyone perceives information differently and everyone gives information is their own way. We have to be careful to pay attention to the audience and ensure that our format and delivery is efficient and caters to who we are trying to reach.

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This was such an interesting topic to me because it is a great way to boost morale in an organization which leads to increased production and quality efforts. If you empower your employees it gives them the boost that they need to do better. This strategy gives the employee's the authority to make decisions and even mistakes. This little GIF is funny to me because we all know that Oprah gives away things all the time so with employee empowerment it gives some people the opportunity to do just that, mistake or not.

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This video gives a better understanding of the network structure in organizational structures of businesses. Network is more of a horizontal way of communication. This video was interesting to me because it gave more insight into organizations that use this structure. We all network ALL THE TIME so I find that this structure is very relevant to today's world and organizations.

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I think there has been a time in all of our lives that we did not plan for something and realized that we most definitely should have. So often we say we don't have a plan or just neglect to plan. I have found that just in every day life planning out my days and tasks helps so much. Its especially important in business decisions and tasks. It provides flexibility, a guide, motivation and commitment.

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I love listening to TED Talks because a lot of them are full of usefull information and maybe before listening to them you never realized a certain point that makes complete sense. This one is no different. Decision making is so important, along with the process behind it. We all have the freedom to choose, but it cannot always be done on a whim.

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THE POWER OF DECISION-MAKING | BENEDIKT AHLFELD | TEDxGraz

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When it comes to globalizing a business the organization has to have a strategy. They cannot just wake up one day, decide it would be a good idea, and then boom globalization is complete.We learned about four different global business strategies and this GIF coordinates with that very well. "LET'S SEE IF IT PAYS OFF". That statement is true. There could possibly a strategy that is not going to work well for a certain business and what they truly want their plans to be. They need to take in to account all of their goals and plans and choose the right strategy so that it does pay off for them.

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Out of the three characteristics of globalization, I find economics to be one that stands out. This articular talks about how globalization impacts economic growth. A lot of people assume that the costs outweigh the benefits when it comes to globalizing an organization, but the economic growth that can come from it is outstanding. It can make the markets more efficient and increase competition.

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Globalization refers to the increasingly integrated nature of economies around the world. This integration has both positive and negative effects.

The hope is that increased global trade will lead to more competition, which will spread wealth more equally. Those who are in favor also claim that trade across borders will help limit military conflicts. However, there are downsides to boosting trade between countries. Some critics point to globalization as a factor in rising nationalism and income inequality, among other issues.

Learn more about the pros and cons of globalization to understand how it affects economies and individuals.

Key Takeaways

Positive Effects of Globalization

The Milken Institute's "Globalization of the World Economy" report of 2003 noted many of the pros and cons of globalization. Although nearly two decades have passed since the report came out, the ideas behind it remain relevant.

Some of the pros of increased global trade include:

Foreign Direct Investment

Foreign direct investment (FDI) tends to grow at a much greater rate than world trade does. This can help to boost technology transfer, industrial restructuring, and the growth of global companies.

Technological Innovation

Increased competition helps inspire new technology development. The growth in FDI helps improve economic output by making processes more efficient.

Economies of Scale

Increased global trade enables large companies to realize economies of scale. This reduces costs and prices, which in turn supports further growth. However, this can hurt many small businesses trying to compete at home.

Negative Effects of Globalization

Some of the risks of increased global trade include:

Interdependence

Interdependence between nations can cause local or global instability. This occurs if local economic fluctuations end up impacting a large number of countries relying on them. For example, in 2020, Ukraine was the fifth larger exporter of wheat. When Russia invaded the country, it threatened food supply chains for countries like Pakistan, Lebanon, and Vietnam that import Ukrainian wheat.

National Sovereignty

Some see the rise of nation-states, global firms, and other international organizations as a threat to sovereignty. Ultimately, this could cause some leaders to become nationalistic.

Two prominent examples of the rise of nationalism as a pushback to globalism include the 2016 election of Donald Trump in the U.S. and the British vote to leave the European Union (known as " Brexit"). These events contributed to the anti-globalization movement and stoked anti-immigration sentiments.

Equity Distribution

The pros of globalization can be unfairly skewed toward rich nations or individuals, creating greater economic inequalities. For example, in the wake of NAFTA, the average net weekly pay for maquila workers was $55.77 in 1998-less than $2 more than the average cost for basic needs in the maquiladora trade zone.

Dani Rodrik, author of Straight Talk on Trade: Ideas for a Sane World Economy, argues for a rebalancing of globalization.

In a 2017 piece for the Milken Institute Review, Rodrik notes that current policies "produce[s] losers as well as winners." For instance, workers are left with a less stable labor market. In Europe, these workers were given a strong social safety net. The U.S., Rodrik says, "let the chips (and workers) fall where they may."

To fix globalization's problems while keeping benefits, Rodrik suggests several changes. Chief among them: giving labor a stronger voice, shifting from global governance to national governance, and focusing attention on where the biggest economic gains can be made.

Protectionism Through Tariffs

The 2008 economic crisis led many politicians to question the merits of globalization. In 2007, worldwide capital inflows accounted for more than 20% of the world's GDP. By 2019, this figure fell to less than 5%.

The U.S. and Europe introduced new banking regulations that limited capital flows. Many countries put in place tariffs to protect vital industries at home. In the 1990s, the U.S. placed a 127% tariff on Chinese paper clips. And Japan has levied tariffs on imported rice as high as 778%.

Future Outlook

Some economists suggest that businesses are not investing across borders to build capital infrastructure. They argue that companies seek countries with low taxes. Some form of globalization may be inevitable in the long run, but the historic bumps spurred by economic crises suggest that change is the only constant.

Revenues from U.S. tariffs on Chinese imports increased from $32.9 billion in 2017 to $85 billion in 2021. American farmers hurt by China moving crop purchases to other countries were promised $28 billion in federal compensation.

Frequently Asked Questions (FAQs)

When did globalization begin?

Which countries are the least affected by globalization?

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What Are the Effects of Globalization on Economies?

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Globalization refers to the increasingly integrated nature of economies around the world. This integration has both positive and negative effects. The hope is that increased global trade will lead to more competition, which will spread wealth more equally. Those who are in favor also claim that trade across borders will help limit military conflicts.

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When we work together in teams we all have different backgrounds and can bring certain things to the table. Unfortunately there are a lot of times when we just cannot come together and work as a team because we all do not share the same values. We have to learn to get along, have an open mind, and work together. There is a light at the end of the tunnel. This GIF shows that no matter what we are or where we come from, we can work together despite the differences.

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This video gives a great example of how important diversity is in the workplace. We all have different ideas and upbringings and together it can make for a successful work environment.

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The Importance of Diversity In The Workplace

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Some different types of managers are top-level managers, middle managers, first-line managers, and team leaders. All of those managers are important in the process of work. Everyone along that like has to be able to work together regardless of "who's in charge". This picture is funny to me because so many people have this mindset. We have to remember that no matter what the task is we are somewhat in charge of something.

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This picture describes, in my opinion, what can happen if the management hiring process is not thoroughly thought out. As we discussed, Management is definitely necessary and important, but the wrong manager can harm an organization. If there is a manager in charge and they are performing well their workers may quit the job or even mentally check out. This picture describes that perfectly to me. The manager, being the woman on the right, is trying to tell her workers which way to steer, but none of them are listening to what she has to say. Although what she is saying is important, they obviously don't believe that is so, so they are not following their manager and this could end bad for the company.