This report assesses the
impact of the relatively new, global economy on
organizations and
examines attendant issues such as the opposition of globalization as a new type of economy and the more traditional notions of
organizational functioning, which this paradigm has replaced. The report examines the impact that the global economy has had on organizations, focusing on how change in this environment has led some firms to react to the new type of economy, while others have taken more of a leading edge. The costs and benefits of these
changes in regards to organizations are assessed, as are related issues of free
trade in the global economy as opposed to national
protectionism. The report provides a look at how changes in the global economy reflect changes in organizational management in terms of how the impact of the global economy is being managed and also presents relevant lessons that can be derived from this process. Before concluding, the report examines the issue of how management can ensure a positive effect on the organizational level.