We are a group of international students (Chinese and German) who have study or working experiences abroad because we believe that in the globalized world it is crucial to gain international experience. As we have seen in those experiences in the departments of purchasing e.g., Globalization had changed the working environment already. In Chinese companies we have seen Chinese purchasers ordering parts from suppliers that manufacture in different places all over the world. Other team members have noticed the challenges that German producers face due to the price dumping in other countries. In all different experiences we acknowledged that because of the developments that arose because of globalization a key issue is to stay competitive. This means that we will have to think about how we can help the company optimize its competitiveness when we will be working.
For our personal careers we all share the dream to work in the area of purchasing and supply chain management. To increase a company´s competitiveness it is important to think about optimizing standards and processes and about new possibilities to do the work. In a purchasing job in particular it is always essential to consider, for example, suppliers from each country (global sourcing) and to compare prices, quality and delivery time. And it could be also very important to look for suppliers who are an asset to the buyer company as it can profit from the suppliers deep knowledge and innovation possibilities. But the buyer company can only profit from the knowledge of supplier if there is a good relationship. Taking the case of a buyer and a supplier that are from culturally different countries a key challenge will be the intercultural communication. In our future worklife we will also have to think about a lot of key issues such as logistics (what is the best and cheapest way for transportation) and about ethics (how can we make sure that there will be no child-labor or the company does not get a bad image).
To sum up globalization has already shaped the work in companies have a strong impact on our careers. A key challenge will be to enable a company to stay competitive through management that considers all possibilities to find the best solutions and through intercultural communication skills.
This teamwork in the first course at SKEMA brought together a diverse group of people from across the world. While discussing the topic over a cup of coffee, the following points came up –
- Cultural Sensitivity:
As we go get ready to enter the job market, globalization has opened the doors many diverse opportunities. Our prospective employers deal with clients from across countries and cultures. So it is imperative to understand the difference between different cultures and their ways of thinking and be sensitive to their values.
As students of SKEMA, we have the advantage of being exposed to a diverse group of students who come from unique backgrounds. The interactions within ourselves can help us become better prepared for the challenges coming ahead of us.
Knowledge of foreign languages also becomes a very critical factor to succeed in our careers.
From the past professional & personal experiences of different people in the group, it was discovered how big MNCs have followed the model of “Glocalization” – adaptation according to local market needs while pursuing their global strategic objectives.
Apart from well-known examples of McDonals, KFC & Dominos, other cases like HSBC bank came up.
Similar adaption is required in personal careers as well, to do well while studying or working outside our home country.
Also the global geopolitical turmoil in middle-east & some developing countries (like India, Brazil) and the global economic growth outlook of developed and ECTs may be beyond our control, but being well-informed and aware of the latest happenings will keep us on our toes and help us make the right decisions in our careers.
The group’s mantra in this ever-changing world:
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
Globalization driven by trade and investment has facilitated communication and socio-cultural interaction among people and governments across the globe. This interaction created opportunities and risks that will undoubtedly affect our future career decisions. Indeed, unlike past generations, our professional lives will be intertwined, either we like it or not, to an international aspect.
Having this in mind and in order to successfully compete in this new arena, we must master or hone our different skills that are essential for a multi-cultural work setting. For starters, it is critically important, to be fluent in English (language of business) and any other language that is widely spoken around the world. This would give us an upper hand in time of negotiating our career advancement and differentiate ourselves from our peers, thus enhancing the possibility to land the dream job. Further, as the work environment becomes more eclectic with foreign nationals making part of our future work team, efforts have to be made in the socio-cultural side of things. Understanding each other habits and business procedures, will helps us to raise our success rate throughout our professional life.
Finally, globalizations can be work adversely against our future career goals. Job outsourcing has been endemic for the developed countries. High unemployment rate, it seems to be the norm nowadays. Financial crisis hitting the world economy has shrunk job opportunities for many of us and pushed us to learn new skills. Better yet, it forces us to be more flexible and mobile. We might have to go where the jobs are found. True, we have seen a roller coaster effect and much of it at expense of environmental destruction. Oil spills, deforestation, air and water pollution are some of the consequences due to globalization. As such, these events will have either a positive or negative impact on our professional life. It can create great opportunities for those involve in research and development fields and be detrimental for others involved in agricultural food production.
Globalization is the process of international integration arising from the interchange of world views, products and ideas. The advances in transportations and telecommunication are major factors in globalization. How globalization can affect our future career? Globalization deeply affected the world of work and people’s careers. Indeed, due to this phenomenon new jobs appeared that didn’t exist before. And new jobs will be created during our career. We need to be aware of all these changes. Thanks to globalization, more and more companies internationalized themselves. They are looking for the cheapest labor. Very often, this labor is in China or India whereas the companies are American or European. Up until now, companies moved to countries in development sending expatriate people from their home country to manage local teams. Those expatriates have to understand and learn the foreign culture in order to adapt themselves and make the business better between two different countries and cultures. However, the globalization of knowledge through digitalized education makes the companies more cautious about having expatriates. Indeed, they are more expensive than local employees who started to have same skills as expatriates. The culture in which we will evolve will depend more on the company than on the country. Furthermore, the competition is harder than before. As students, it is more difficult to make the difference in a globalized world: millions of students graduate each year with a marketing or business degree. In addition to that, English takes more importance in our courses because it’s the international language. On the contrast for Nordic European countries, where students get used to speaking English very early, French students have make lots of efforts to speak English, but finally, it doesn’t make a huge difference on the international plan. Now, students have to learn several languages to distinguish themselves from the others.
Globalization is a word used to define the worldwide market economy. Focused on competitive trades, economics, and financial flows, this is not the world network we would have thought about. In fact, are we thinking that the Globalization is influencing us without any practical reasons behind?
Being globalized is being competitive. Competitiveness has several factors, institutions, and policies, that determine the level of productivity of a country. Inside this country, obviously, we can define a company’s productivity. At a micro scale, that’s our productivity.
We do not want to hire someone who is not productive enough, leading us to a loss of competitiveness. If a company gets behind a strategic competitive advantage, the economics prosperity would turn out to be tough. And this impact, both on your future job, but also on the country. Which in turn, could have an adverse worldwide affliction. This is why productivity is a very important factor to sell yourself and climb the work ladder. We should see the big picture behind, and it’s mobility and adaptation.
“Time is money”.. To save time, we need an optimization of our productiveness. It is why the technology is now essential in our livings: instead of taking the plane from Mexico to Tokyo, we can use Internet to do a dynamic videoconference.. As it has practically no cost, outsourcing and offshoring work did develop very quickly as every country is not created equal: do you rather pay a worker $1/h. in China for the same work a $20/h. worker could do in the USA?
In order to face the current and future Globalization effects, we have to distinguish ourselves in our knowledge and being able to improve our competitiveness through the scarcity of specific qualifications we will offer.
Globalization together with development has changed the careers of several passed generations. Whereas in the past mainly family businesses existed which were handed over from generation to generation and the business influence was limited to a certain area, we are now in a globalized world where it is possible to start a business today and be known around the world, with thousands of employees, in less than one year.
Opportunities have changed for people that are willing to invest and ready to take a certain risk, as well as for those who are looking for new market potential but also for those who simply look for a new job or an education which might not exist in one’s own country. Alone the fact that each of our group members are foreigners shows that globalization affects our career. We are no longer limited to local career potential but can expand this by profiting from international opportunities.
However these new opportunities also create new requirements. Nowadays speaking only the local language might not be enough anymore, nor having only local professional experience. In order to adapt to the new opportunities and profit from them, it is important to face also the necessary requirements.
To sum up, globalization offers us intensive fast moving opportunities with regards to our professional career, but they also come with certain requirements. To profit from the positive effects we simply need to be up to date without limiting oneself to local economy and think further, globally.
Globalization for our parents meant a different sense than today. Mobility was a matter of moving to another town or region, speaking English was a great advantage to find a job and those who moved to foreign countries were trendsetters.
Today, the situation is far more different.
Business School are inspired of American model, mobility means moving abroad, speaking English Is not anymore an advantage but a prerequisite. To make difference, we have to learn at least three languages. In our day to day life we meet people from all around the world, our network is worldwide, and it’s easy to talk with a Chinese, read the New York Times while eating Mexican Food.
NTIC opened up our vision, network, and opportunities. Everybody can access job offers from foreign countries, what makes the competition harder and wider.
Since 2000’s, in France we assist to the brain drain. The main motivations are: professional opportunities, faster career evolution, growth of the country, less difficulties for young graduated and salary. In the same time, France attracts also foreign students who want to develop their career in this area.
During our gap year, we have observed that globalization is day to day through communication between different employees of the company located around the world. Financial services make investments in foreign or new market. Central marketing department make study of local consumers to adapt their offer in order to make sure they respond to each local demand… Here is one part of Globalization.
Thanks to Globalization and NTIC, even small project can have a bigger success: SME (small and medium companies) can propose their offer to the worldwide market (social network, website, mobile app, e-shop…)
We think Globalization affects more positively our professional career than threaten it.
Globalization is an economic, social and political process that has shaped our world for centuries. With the take off of the ICT (information and communication technologies) we, more than any generation before us, are totally globalized. It affected us since we were kids throughout our studies by learning new languages, traveling abroad, dealing with many different cultures.
We are now part of a Business School which has completely understood the globalized way to do business. We can’t think locally anymore as our parents were used to, we have to take into account every cultures and differences.
Globalization changed our way to live and organize our career in many ways. The fact that we are totally opened to the world brings much more competitiveness than in the past. In fact while our parents found much less obstacles in their job search, most of us are facing a huge global competition. As the professional environment evolves, we will have to adapt to new challenges, to be more competitive tomorrow. An international mindset will be extremely useful in order to be fully operational in any multi-language/cultural environment. Plus we will need a much more developed capacity to move from a country to another than any generation before us. This is a major change in the way one projects its own career: the past generations used to find a job and stick to it until their retirement while we will be much more flexible and less “faithfull” to a single company.
Also, the rise of the information made us more open to this new world and capable to challenge future changes in particular for our professional career. Globalization is part of our lives whether we want it or not, our goal is to build a range of skills in order to face any issues during our career.
Globalization speeds up flows (people, money, goods, information, etc.) and makes borders even more porous in an unpredictable way. This tendency has consequences at every level: competition, mobility, and environment. Not only is our planet affected by it but also countries, and companies. As we – SKEMA students – all tend to work for a company, we will undoubtedly be also impacted by this phenomenon.
As the globalization strengthens competition between companies, recruiters are more and more looking for skilled and qualified workers so that they can remain competitive. As a consequence, we are asked to get a lot of experience before arriving on the job market: that’s why today’s newcomers have to multiply their internships in order to get specific advantages on other workers. We have to add something special in our career path, something that makes us different from the others, to multiply our chance of getting a job.
The world is now hyper connected. Technologies is constantly evolving to simplify and shorten timings in our jobs. It is essential for us to be on top of the NITC to be effective and competitive. We have to handle as many technological and digital device and to follow vocational trainings to be updated with them. For example, it becomes more and more important for us to be present on professional networks as LinkedIn or Viadeo to show our awareness of new ways of connecting people at a professional level.
Since a lot of companies are multinational firms or have to deal with international stakeholders, we will probably have to work with foreigners, within an international team or have to move to another country to pursue our careers. That’s why nowadays, it is mandatory to master one or many languages, and to show our interest for internationalization, as we do by studying abroad or doing our internship overseas.
Globalization makes it very difficult to predict the future. Crises can occur almost overnight, strategies within companies can shift extremely quickly to adapt the market, economic or politic interests can change the way of doing business with some area, as the embargo on some Midwest countries did for BNP Paribas. As a consequence, one of the main quality we have to develop is reactivity. Reactivity sums up all we have just said above since it is the skill that enables us to adapt in a world where everything is going faster, worldwide and hyper connected.