Define Globalization and How Has It Affected the Economy

question 42

Essay

Define globalization and how has it affected the economy.

---

Definitions:

Substitutes for Leadership

Substitutes for leadership refer to factors that reduce the impact of direct leadership, such as established procedures, cohesive teams, or intrinsic motivation.

Information Technology

The use of computers, networks, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Formalisation

The process of establishing official structures, procedures, and rules within an organization to ensure efficiency, clarity, and compliance.

Vroom-Jago Leader-Participation Model

A decision-making framework that helps leaders decide how much participation they should allow from subordinates in the decision-making process.