CONSIDERATIONS ON THE GLOBALIZATION PROCESS IN MODERN ECONOMY

At present, the society is being hit by a wave of changes that have led to the redefining of firm place and role in the modern economy. Globalization has brought about changes in managerial model, the manager in this context being forced to be acquainted with the innovations in the field occurring...

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Main Author: Camelia BĂEȘU
Format: Article
Language:English
Published: Editura Univeristatii "Stefan cel Mare" din Suceava 2019-12-01
Series:USV Annals of Economics and Public Administration
Subjects:
Online Access:http://annals.seap.usv.ro/index.php/annals/article/view/1190/976
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author Camelia BĂEȘU
author_facet Camelia BĂEȘU
author_sort Camelia BĂEȘU
collection DOAJ
description At present, the society is being hit by a wave of changes that have led to the redefining of firm place and role in the modern economy. Globalization has brought about changes in managerial model, the manager in this context being forced to be acquainted with the innovations in the field occurring in the world, with the trends of market evolution and even with the developing perspectives of global competitors. The present paper aims to surprise the process of globalization, starting from an apparently simple question: what novelty has this process of economy globalization brought about? The paper presents the impact of the process of globalization on a global basis starting from the fact that the events occurring in a country have become strongly connected with what is happening in other countries of the world. Therefore, while markets are becoming independent and companies are coordinating their strategic activities abroad, competitiveness begins to play a more significant role. Due to this fact, the consequences of competitive success or failure on a national market will have an outstanding impact on the whole competitiveness of the company, being felt all over the world.
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spelling doaj.art-3f51db86c6a44008987bc0d5339420362022-12-21T18:35:06ZengEditura Univeristatii "Stefan cel Mare" din SuceavaUSV Annals of Economics and Public Administration2285-33322344-38472019-12-01192(30)3542CONSIDERATIONS ON THE GLOBALIZATION PROCESS IN MODERN ECONOMYCamelia BĂEȘU0„Ștefan cel Mare” University of Suceava, RomaniaAt present, the society is being hit by a wave of changes that have led to the redefining of firm place and role in the modern economy. Globalization has brought about changes in managerial model, the manager in this context being forced to be acquainted with the innovations in the field occurring in the world, with the trends of market evolution and even with the developing perspectives of global competitors. The present paper aims to surprise the process of globalization, starting from an apparently simple question: what novelty has this process of economy globalization brought about? The paper presents the impact of the process of globalization on a global basis starting from the fact that the events occurring in a country have become strongly connected with what is happening in other countries of the world. Therefore, while markets are becoming independent and companies are coordinating their strategic activities abroad, competitiveness begins to play a more significant role. Due to this fact, the consequences of competitive success or failure on a national market will have an outstanding impact on the whole competitiveness of the company, being felt all over the world.http://annals.seap.usv.ro/index.php/annals/article/view/1190/976globalizationeconomycoordinationinterdependenceglobal strategymanager
spellingShingle Camelia BĂEȘU
CONSIDERATIONS ON THE GLOBALIZATION PROCESS IN MODERN ECONOMY
USV Annals of Economics and Public Administration
globalization
economy
coordination
interdependence
global strategy
manager
title CONSIDERATIONS ON THE GLOBALIZATION PROCESS IN MODERN ECONOMY
title_full CONSIDERATIONS ON THE GLOBALIZATION PROCESS IN MODERN ECONOMY
title_fullStr CONSIDERATIONS ON THE GLOBALIZATION PROCESS IN MODERN ECONOMY
title_full_unstemmed CONSIDERATIONS ON THE GLOBALIZATION PROCESS IN MODERN ECONOMY
title_short CONSIDERATIONS ON THE GLOBALIZATION PROCESS IN MODERN ECONOMY
title_sort considerations on the globalization process in modern economy
topic globalization
economy
coordination
interdependence
global strategy
manager
url http://annals.seap.usv.ro/index.php/annals/article/view/1190/976
work_keys_str_mv AT cameliabaesu considerationsontheglobalizationprocessinmoderneconomy