Perception of Globalization-Free-Samples for Students-Myassignment

Questions: 1.Has your view on Globalisation changed after listening to Professor Ghemawat? Explain. 2.Consider where you have seen the fears that people have about globalisation. Do you think these fears may subside with some data points that may suggest otherwise? 3.How does the Australian Culture compare to other World Cultures? 4.Do you agree with the Survey results for the Australian culture? Why or why not? Answers: 1.The view on globalization has changed after listening to professor Ghemawat. This is because, the concept of globalization is often overrated and people all around the world have a higher perception about globalization (Ghemawat, 2017). However, in the real world, the phenomenon of globalization is not as much expanded as people think. This overrated statistics is due to the miscalculation in the statistics. For example, if an ipod is being shipped from Japan to China, and then it is shipped to US, it actually ends up being counted twice (Ghemawat, 2017). Thus, the statistics are overrated and miscalculated. The extent of globalization is not as much as we consider it to be. While people perceive the extent of globalization to be 90%, it is actually 20% (Beck 2015). This lecture has changed the idea of globalization and the real picture has been highlighted about globalization (Ghemawat, 2017). 2.The fear about globalization in the people is due to the concern that the local market and the local products might suffer due to the intervention of Globalization. The market place might be flooded with the globalized products, thus decreasing the sale of the local products (Ghemawat, 2017). This fear is justified among the people, with lack of clarity about the extent of globalization (Hirst et al. 2015). The fears are likely to subside, if the actual statistics are highlighted and presented to the common people (Ghemawat, 2017). Since the people are not aware of spread of globalization, hence they fear the loss of the local market and the local products. 3.The 5 dimensions of Hofstede include power distance, individualism, masculinity, uncertainty avoidance, long term orientation and indulgence (Bakir et al. 2015). These dimensions help in understanding the culture of any country. According to the online tool to explore the culture of Australia, the results are as follows. Figure 1: Online tool to explore different countries 5 dimension by Hofstede (Source: Geert Hofstede 2017) According to the above-mentioned results, the power distance is 36, out of a scale of 100. Power distance refers to the inequality that exists in a country. Lower power distance index highlights the fact that the organizations have a flatter structure and equality among the people of the higher level and lower level exists. Individualism is 90. This indicates that high value is placed on the time of the people and they prefer freedom as well as privacy (Geert Hofstede 2017). It also indicates that the Australians prefer taking up challenges and expect individual rewards for the hard work. The masculinity score is 61. This indicates that the Australians have strong ego and feelings of pride. Money and achievement is much more important for the people of Australia. The score of uncertainty avoidance is 51. This highlights that the people are conservative and rigid in their outlook. Moreover, they are aggressive and express their emotions openly (Geert Hofstede 2017). Long-term orientat ion score is 21. A low score indicates that the people are religious and nationalistic. Score in indulgence is 71. The people of Australia are optimistic and freedom of speech is essential for them. Comparison with other country- India Figure 2: Australia in comparison to India (Source: Geert Hofstede 2017) The high sore of power distance index highlights that the business organizations as well as the society follow a tall structure, with dependency on the power holder. An intermediate score in individualism highlights that both individualism and collectivism are practiced among the people of India. The masculinity score is 56, which is similar to that of Australia. This highlights that the people of India are also work and success oriented, like that of Australia (Geert Hofstede 2017). The uncertainty avoidance score is 40. This highlights the fact that the people of India are open to changes and have a less sense of urgency. The long-term orientation score is contrast to that of Australia. The highlights that the people of India are pragmatic and modest (Geert Hofstede 2017). Their religion is attached to the work they do. The indulgence score of Indian culture is 26, highlighting the fact that their culture is restrained. They lack freedom of speech and are often pessimistic. Thus, t he culture of Australia varies widely with that of India. 4.The survey results are agreed upon with the culture of Australia. The Australians are more or less similar to the survey results (Geert Hofstede 2017). Thus, the survey results could be relied on. the traits of the Australians that are highlighted are similar to that of the culture of Australia. Conclusion The conclusion from the lecture on globalization by Pankaj Ghemawat highlights that globalization is not as wide spread as people perceive it to be. Moreover, the statistics that are presented are also not accurate, thus creating a wide spread fear among the people. However, the phenomenon of globalization is not as widely spread, as the world perceives it to be. The online tool to explore different countries 5 dimension by Hofstede highlights the culture of Australia and compares it with the culture of India. The online tool highlights the fact that the Australian culture is much different from that of India. References Bakir, A., Blodgett, J.G., Vitell, S.J. and Rose, G.M., 2015. A preliminary investigation of the reliability and validity of Hofstedes cross cultural dimensions. InProceedings of the 2000 Academy of Marketing Science (AMS) Annual Conference(pp. 226-232). Springer, Cham. Beck, U., 2015.What is globalization?. John Wiley Sons. Geert Hofstede, (2017). [online] Available at: https://geert-hofstede.com/australia.htm [Accessed 29 Aug. 2017]. Geert Hofstede, (2017). [online] Available at: https://geert-hofstede.com/india.htm Accessed 29 Aug. 2017]. Ghemawat, P. (2017).Actually, the world isn't flat. [online] Ted.com. Available at: https://www.ted.com/talks/pankaj_ghemawat_actually_the_world_isn_t_flat.html [Accessed 29 Aug. 2017]. Hirst, P., Thompson, G. and Bromley, S., 2015.Globalization in question. John Wiley Sons.