Week 1: Fruits for Thought

Globalization and International Linkages:
Assessing and Analyzing the Extent and Nature of Globalization's Impacts on International Management


1) Globalization has increased the availability, quality and origin of consumer products we can purchase in Hong Kong. The number of brands, both local and global, have significantly increased over the past few years and it is much easier to purchase foreign products relative to previous years. For example, the number of "Bonjour" and "Sasa" have dramatically increased over the past few years, specializing in stocking beauty products from all over the world.


2) We think that Hong Kong is a globalized city. The locals have adapted to foreign products and culture into their lifestyle and imports/exports play a big role in employment. The significant amount of investments inflows and outflows greater emphasizes this fact.


3) Globalization has several impacts on the taste, values, economies and competitiveness of the local culture, depending on its history. For example, Hong Kong has adapted to many Japanese specialty snacks such as mochi and dried squid. Cultural trends have changed the perceptions of the locals that Japanese products are of higher quality. The popularity of the Japanese culture is threatening the prosperity of the Chinese culture as Chinese operas are on the decline, as well as other arts and traditions. All these factors play a part in increasing the competitiveness of local businesses.


4) Primary drivers of globalization are decreasing trade barriers such as government policies/tariffs and languages, and the increasing need for businesses to expand their markets by looking abroad.
(Refer to logistics in article)


5) Primary consequences of globalization for international management are changes in HRM policies to adapt to different values and cultures.

Introduction cont.

Our Goals & Interests

We hope that in this class, we can familiarize ourselves with culture differences, expand our knowledge and gain unique experiences through team work and group exercises. Among all the topics, we are most excited by the crisis management topic since it's practical and the issues usually require immediate response.

Additional topic we would like to explore is foreign corruption practices. We hear about it often in the news but not in great details. Last but not least, we want to know whether China is one of the worst polluters in the world or not.


Eunice Ling (51178312)

Hi buddies, I'm a year three student and my major is Human Resources Management. I'm a sporty person and like playing squash. Many outdoor activities are my favorite!! Also, I completed GHRM last smester in which expanded my knowledge of management practices of MNCs. Hoping that I can learn more and have great fun in this diversified environment.

Tiffany Leung (51723527)

Hi everyone,

I am a year three student majoring in Human Resources Management. I love doing volunteer works and travelling. Please call me if you are planning a trip! This is my last semester in City University and I hope this class could give me a memorable experience!

Yan Yeung (51218916)

Hi everyone,

I'm a year three student majoring in Human Resources Management. I love shopping and travelling. Eunice and I were at Shanghai University for exchange for a semester so we are familiar with Shanghai. Please call us if you are planning a trip in Shanghai! I am looking forward to study this course and I hope this will give me a fun and memorable experience.



 

Jessica Wong (40034199)

Hi everyone,

I'm studying at Schulich School of Business, York University and I am majoring in accounting. I'm at City University of Hong Kong for exchange for a semester and everyone can probably find me in Hall 3 :) Classes so far have been interesting, so I hope this will be a fun experience!