CHAPTER 11

Conclusion

J. Mark Munoz

Globalization has redefined traditional thinking about business, economics, and politics. It has forced organizations worldwide to reconfigure their organizations to adapt to a fast-changing and hypercompetitive environment. It has set the stage for a new economic order and in many ways flattened the world (Slaughter 2002; Friedman 2005).

Globalization contributed to trade expansion and growth in a number of multinational corporations and is widely believed to improve the movement of people, capital, goods, and information (Dicken 1998; PWC 2017). Some firms, however, have decided to evolve and reinvent themselves as they move along. Others decided to stay the course and maintain their old ways. Yet others ...

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