CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The issue of globalization has generated a great deal of interest in the recent past. This level of interest can be said to be a direct consequence of technological advancement, especially in the field of information technology. Realistically, it has reduced to just a matter of minutes, in most ceases, the time it would take to obtain information about anything from almost any part of the world, as well as making one to be physically present in a particular location to transact business there. In this way, we now have to situation whereby the entire world is turning into a “Global Village”
The emergence of globalization has brought in new opportunities to developing countries greater access to developed countries’ markets and technology transfer, while holding out promise for improved productivity and higher living standard. But. Negatively, globalization has also thrown up some challenges like grooming inequality, volatility in finance and environmental deteriorations, the introduction, has opened up economies creating opportunities and better private partnership involvement within nations, Moratt (2004).
Globalization can be seen as an inevitable technology-driven process that is increasing commercial, social and political relations between people of different countries. These countries themselves, at various stages of development were forced to take account of ever increasing interconnection of economies in the management of their economies.
Globalization has acquired considerable emotive force. Some view it as a process that is beneficial- a key to future world economic development and also inevitable and irreversible in states with increased reliance on the market economy. Some see it as a process of structural adjustment spurred by the studies and influences of the World Bank and other International Organizations, Ofili (2004)
Proponents of globalization believe that it has engendered a wider variety of products, rapid increase in productivity, lower costs, and created more jobs. However, those benefits are not evenly distributed. Governments of countries have to prepare their economies’ reform policies and undertake structural economic adjustments on a rigorous and consistent basis before they can reap the benefits of globalization.
A global change in the business world today in the areas of technological transfers; human capital development and improved well been of human kind has made globalization an evolutionary trend and the epic-center of most developmental and intellectual discourses, Ohiorhenuan (1986).
Globalization has brought a change that is currently affecting the physiology of human society today through is imposition of constraints of policy-making autonomy or independence of states vis-Ã -vis their capacities for the authoritative allocation of scarce and critical societal values of resources among other functions, Aimiuwu (2004).
Decision-making deals with human resource management. Clearly and of a truth, the organizational culture is important in attracting top quality human capital in the global environment. Winning the war for talent is not just about offering competition compensation and benefit packages. To compete in the global market place, an organization must ensure that its compensation reward and incentive strategies support their strategic goals and mission.
Indeed, globalization is never an option but a mere natural necessity, which all countries of the world irrespective of their individual degree of economic, political, development, nature and character of their individual political regime and institutions must join. Against this backdrop Nigeria must critically adopt adequate policy strategies within the context of its domestic potentialities and external relations, to embrace the promises of globalization for sustainable democracy.
Essentially, the impact of globalization on human resources has increased and will continue to increase transfer of technology and attitudinal changes of human capital. For instance, services have improved with ease, access to information at a limited time without having to make long movements and manual applications drastically reduced in the world of business.
| Project details | Contents |
|---|---|
| Number of Pages | 97 pages |
| Chapter one | Introduction |
| Chapter two | Literature review |
| Chapter three | methodology |
| Chapter four | Data analysis |
| Chapter five | Summary,discussion & recommendations |
| Reference | Reference |
| Questionnaire | Questionnaire |
| Appendix | Appendix |
| Chapter summary | 1 to 5 chapters |
| Available document | PDF and MS-word format |
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