Impact of Management on Business Globalization Globalization is now a popular topic in the business world, attracting enormous interest as exports and imports continue to expand increase as businesses expand into the global market. Understanding the basic summary of the global market highlights highly related management and business degree programs, providing valuable insights for today's managers. In general terms, globalization is the worldwide integration of cross-cultural thoughts, viewpoints, products/solutions, lifestyles and technologies. This has resulted in large-scale interdependence between states, as specialty (arguably the source of globalization) allows unique regions to exploit their normal resources and skills to economically create unique products/solutions with which to trade for the specialty of another country. This enables communities to achieve a better standard of living around the world through better quality, lower prices, greater efficiency and also a more progressive and dynamic workforce. Multinational corporations and globalization could be beneficial in several ways. This can create new jobs for these people and improve the quality of life of the neighborhood and the community as a whole. Unemployed young adults can get jobs and improve their standard of living. Multinational companies play an important role in creating employment in the country itself. They employ residents in the individuals' countries to function for the organization. This is particularly important in developing countries where unemployment problems are critical. Another advantage of open industry and market expansion associated with multinational companies creates...... middle of paper ......com/Japanese-Management-Style.htmlExchange, G. (sd) . Fair trade. Retrieved from http://www.globalexchange.org/programs/fairtradeHuang, J. (nd). Management Style Differences Between China and the United States Retrieved from http://www.connecteast.net/blog/management-style-difference.htmlIssues and Challenges in Fair Trade. (2012, spring). Retrieved from http://www.just-works.com/img/FairTradeTheLongJourney.pdfJamnik, A. (February 18, 2011). THE CHALLENGES OF BUSINESS ETHICS – . Retrieved from CHALLENGES IN BUSINESS ETHICS –: hrcak.srce.hr/file/103308‎Prabhakar, R. (October 2, 2010). Dealing with culture shock when working abroad. Retrieved from http://2brahulprabhakar.blogspot.com/2010/10/dealing-with-culture-shock-when-working.htmlWikepedia. (March 21, 2014). Japanese managerial culture. Retrieved from http://en.wikipedia.org/wiki/Japanese_management_culture