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LOCALLYvsGLOBALLY

Connected Workforce works locally and succeed globally

High-performance businesses today have to be more and more connected, informed and engaged employees. As a result will be the experience of increased productivity, higher profitability and lower turnover. Corporate social tools help organizations connect, inform and involve employees across a global labor force increasingly diversified and delivered. To understand this we need to have at least the minimum knowledge of what is in reality globalization. In fact what we are living today is the economic outcome or the result of what was generated many years ago. So to understand this i invite you to take short trip up to five hundred years ago.


Globalization 2.0

— After the colonialism (1492/1945) the first major wave of globalization took place first in the 1960s with remarkable growth more or less until 2000 – was largely based on a relatively standard model. Multinational this time established a presence in a broad portfolio of developed economies, with the center of gravity in North America and Europe. They often invested in a way in emerging markets, but clearly at a much lower scale. As is the case today but on a different scale globalization has been on the development of a robust global supply chain and manufacturing base to allow flexible and cost-effective operations. Leading multinationals of the 20th century were typically managed centrally at headquarters by a not very many executive staff who tried to export its historical and inherent advantages of the company such as superior human capital, access to finance, product innovation, famous brands and economies of scale.


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Globalization 3.0

— The third wave and current is different from a number of ways. Emerging economies have shifted better results as the drivers of global growth, already accounting for a majority of that growth today, according to the IMF, which argues that emerging markets account for over 50 percent of the 2013 global GDP. And emerging market consumers have been outspending Americans – since the end consumers – since 2007.

“Fueled by favorable demographics to natural resources, strong exports, financial and regulatory environments that encourage foreign investment, and (in some cases) strong government investment programs in the internal market, countries like China, India and Brazil are galloping forward at rates that eclipse those of his Organization for Economic Cooperation and Development pairs. This shift in economic power (both in production and consumption) has redefined the rules on where and how companies make money in the 21st century.”

So time is somehow the key to success. I mean the fastest decisions are taken with the less number of fails and the less time spent doing it, the more productive and successful will be the aim. Either way if we see in a different perspective by taking the time factor, failure can be a step towards success such as:

1. Failure can be a function of trying
2. Success may lies in seeing failure as a tool
3. Failure builds character

I prefer to believe that if we do not waste time the step to success is guaranteed in the era which workforce is totally connected.



LOCALLYvsGLOBALLY - WAVES OF GLOBALIZATION

Today the multinational appear and behave completely differently. European and American brands which have dominated headlines iconic business for decades are now giving way to the players in the emerging market to break out of their local markets and traditional management models to express their global ambitions. As a result of that we can conclude that most of these “emerging market champions” has already risen to the top.