Strategies of Value Creation

Strategies of Value Creation Value Creation The idea of value creation is to capitalise on what, as an organisation, you already possess. The organisation may be a business, a school, a corporation, a government department – anywhere, in fact, where the main asset of the company is the people within it. Establishing value creation as a way of life for both managers and workers can help define the role of each more precisely, whilst simultaneously making both feel more integrated and involved within the day to day running of a place of work. Making everyone within an organisation feel that they are more than just ‘cogs in a wheel’ establishes a new feeling of unity and cooperation in organisations and can be a great asset in moving a company or other organisation forward because if everyone feels that they are part of the decision-making process then carrying out the aftermath of those decisions is more likely to be successful. In the modern business world, then, it makes sense to learn how value creation can be implemented. So What is ‘Value Creation’? Value creation, aligned with value based management, is the amalgamation of established organisational principles such as planning, performance, management and communication, with the fundamental principle that all members of an organisation have an important role to play in all aspects of the running of the organisation. Of course, this must be handled extremely carefully because management techniques are not dispensed with in the implementation of value creation, they are adapted to it. Therefore, the first thing to look at when considering the implementation of a policy of value creation, which has proved itself to be both financially and personally beneficial, is to consider how this alters the role of the manager. Implementing Value Creation It has been established that in order to implement successful value creation, senior management has to be fully committed to the project. This means that the role of the manager in the implementation of value creation is crucial. The successful manager as defined within the terms of value creation needs to possess the following qualities: They must show themselves to be committed to the idea of value creation in both words and actions They must communicate clearly and comprehensively how they envisage the entire organisation assimilating the concept of value creation They must demonstrate flexibility in order to accommodate value creation but must also maintain a strong focus for the workforce They must show how they see value creation as beneficial to the entire organisation. Tip: When implementing value creation, ensure not only that the entire management team is committed to the idea of value creation but that they are seen to be so. Integrating value creation requires that a new approach be adopted by management in key areas such as: Budgeting Planning Performance measurement Training When implementing value management, all of the above need to be rethought so that the workforce is engaged in the process from top to bottom. What you are aiming to do in all of these key areas is to shift the emphasis from ‘manager’ to ‘owner’ as conceptualised throughout the organisation: in short, everyone needs to feel that they are an important, valid and vital member of the team. Tip: Value creation succeeds or fails on the idea that every single member of an organisation is involved with it. Therefore, the main thrust when initiating value creation is to convey the idea that separation is an outmoded idea. Making Value Creation Permanent After the initial enthusiasm, especially by senior management, towards value creation as an ethos, research has shown that it is all too easy for organisations to slip back into previous ‘management versus workforce’ divisions. This destroys any progress made during the implementation process and also any accompanying successes achieved at that time. Even if there is only a partial retrenchment, the cracks will quickly spread and the whole edifice collapse, perhaps creating more fragmentation than before the implementation of a policy of value creation. This means that once implemented, value creation must be maintained. Everyone within the company thus needs to be aware of the importance of their role within it and how they can make any worries or concerns known as value creation becomes a way of life as natural as breathing. Tip: Make each person aware that their role in value creation is ongoing and that if they feel the organisation is regressing, they have channels via which they can make their feelings known. Some Final Points on Value Creation Make it plain from the start that senior management is committed to the idea of value creation for the good of the whole organisation. Ensure that management make their commitment obvious to the workforce by deeds as well as words. Ensure that the ethos of value creation is reflected in the key organisational principles of the company, such as budgeting, planning, performance measurement and training: it must come to seem to be a way of life. Make sure that once implemented, value creation remains constant and that each and every member of the company feels involved at every single stage. Try to ensure that the idea of value creation is fully embraced by each and every member of the team and that everyone feels like an owner not a worker. Embrace the idea of value creation not just as a way of getting more from employees in terms of profit but also in terms of morale. When a person feels valued, it is a proven fact that they are a greater asset to the organisation of which they are a part. When this is extended, via the ethos of value creation, to involve the individual members of a team with the decision making and goals of the team as a whole, the success of the organisation increases too. Thus, the successful organisation of the future needs to embrace the idea of value creation with enthusiasm.

Reflective Journal

One of my strengths is inquiring. I’m usually the one in a group questioning everything like â€Å"How did this happen? † or â€Å"What is the meaning of†¦. † I also like to know a lot of information on a subject before I consider doing anything with it. I’m a very curious person and sometimes I’ll look at things from a different and new perspective to see what it’s like. I do this because I really enjoy seeing things from new different angles and comparing the two different point of views. This helps me better understand someone else’s view on something.For example if a friend and I are in an argument, I’ll try to wear their shoes and see their side. I also like to know why certain things have importance and value. I point out and question key facts and points to see why exactly it is of such significance. One of my weaknesses is Critical Thinking. I’m alright at it but I know I could do better and could use some im provement. I love thinking; I do it all the time†¦sometimes even too much. I’m great at thinking about problems and solving them. Although sometimes when I read a story or question that is very long and full of ideas, I may get lost in my tracks and not figure out the main point.It becomes a bit challenging for me because I can’t focus on one idea or thought. I think this is because I’m such a curious guy and I keep on jumping from thoughts and conclusion. Another weakness of mine is that I am not a risk taker. I always choose the rational and logical option and never take a little chance on something different. I know sometimes taking a risk pays off big, but unfortunately there are also times when it doesn’t. I’m always curious about what it would’ve been like if I took a risk. I think I never take risks because I fear that if I fail the damage may be hard.I usually take the path that has less damage possible. Another one of my streng ths is being very reflective. It’s a very important skill to have because if we never look back at what we have done and the mistakes we have made, we would probably continually make the same mistake. I think I reflect every night before I fall asleep in my bed. I think â€Å"Oh, maybe I shouldn’t have done that,† or â€Å"Yeah that was a funny moment. † I always reflect on my past and on others past. I like to reflect on the past because it helps me see if I made a mistake somewhere so I can keep myself from doing it again.Reflecting helps you see what you’ve missed before, and learn from your past. I know I’m only supposed to mention two strengths but I feel I have another really good one. It’s being a very good communicator. I’m a very social person and I know how speak properly at time and how to explain things if needed. I can also understand someone who doesn’t really explain something great and help them out. I ma y not use all the correct words but I do get the point across. I enjoy public speaking and entertaining, telling a joke here and there. I do have more strengths and weaknesses but those are my main ones. Reflective Journal Reflective Journal Detailed description as if to an outsider. Often you will use your journal to record detailed descriptions of some aspect of your internship environment, whether physical, behavioral, or organizational. When you write them, you will not have a clear idea of what you will make of these details, but you will sense that they might be important later. These descriptions should sound as if you were describing them to someone who was never there. Journals allow you to sound naive. At times you will want to speculate as to why something that you have observed firsthand is as it is.You might derive your explanation from a lecture you have heard, a book you have read, or your own reservoir of â€Å"common sense†. Having posited an interpretation, you will want to continue with your detailed observations on the topic to see if you want to stick with your hypothesis or alter it. Journals allow you to change your mind. Here are a few of the ingredients that go into a ke eping a great journal: * Journals should be snapshots filled with sights, sounds, smells, concerns, insights, doubts, fears, and critical questions about issues, people, and, most importantly, yourself. Honesty is the most important ingredient to successful journals. * A journal is not a work log of tasks, events, times and dates. * Write freely. Grammar/spelling should not be stressed in your writing until the final draft. * Write an entry after each visit. If you can’t write a full entry, jot down random thoughts, images, etc. which you can come back to a day or two later and expand into a colorful verbal picture. Key questions to answer Describe your experience.What would you change about this situation if you were in charge? How have you challenged yourself, your ideals, your philosophies, your concept of life or of the way you live? Was there a moment of failure, success, indecision, doubt, humor, frustration, happiness, sadness? Do you feel your actions had any impact? What more needs to be done? Does this experience compliment or contrast with what you’re learning in class? How? Has learning through experience taught you more, less, or the same as the class? In what ways? Reflective Journal Lecture 3 1. Did you learn anything in the session or reading material that surprised, impressed, or shocked you? If so what? And why did it have that effect on you? During the lecture, Sam introduced the origin of homosexuality. According to two British researchers, Wilson and Rahman, genetic factor is also a determinant of sexual orientation. I was quite surprised because I used to think that the homosexuality was mainly the result of the environmental factor. For example, some girls were born in a single parent family and the lack of a father makes them feel very protective of their family members.Then, they would take up the role of male and become the support of the family. I always wondered why they had to choose to be a gay/lesbian, who has to go through many difficult times as a result of discrimination by the â€Å"normal people†. I thought the homosexual had a choice to decide who they are. Indeed, I was wrong. I did not realize till I saw the research that some of t hem were born to be a homosexual. It is not up to them whether they could live an easier life. So, I just learnt that they are just being who they are and it is not their fault to be who they were born to be.I was so shocked by the behaviors of some homophobia. Isolation and teasing are common to the homosexual people. But I never realize that their life is under threat too. I feel sorry for them when I know that some of the minority were executed because of their sexual orientation. 2. How did you respond (as an individual) to Sarah? How are her lived experiences different from yours? Do you think of her sexual orientation as normal or abnormal? .. acceptable or unacceptable? .. different or deviant? .. healthy or sick? Do you believe she is living out a life choice?Be prepared to explain your views Personally I have no special feeling for lesbians because I think there isn’t really a huge difference between us except that they prefer their partner to be a girl but I like gu ys more. It is similar to the various tastes of different people. Some of them may prefer Japanese cuisine, some other may like Thai more while others may want fast food. Although Sarah has a sexual orientation different from mine, I feel that is absolutely normal. Like I said, it is just a matter of preference. Indeed, for most of the people, the behaviors of the majority eans normal behavior and the rest are regarded as abnormal, which also implies ill deep inside â€Å"normal† people’s mind. Personal judgement is involved. Many people find homosexuality abnormal and unacceptable because their behaviors and sexual orientation are different from the â€Å"normal†. I reckon that so long as the homosexuals are ok with themselves and they do not harm the others, we should not say anything about their personal choice. Why is there such a huge gap of the responses of people towards the choice of the type of food and gay/lesbian’s sexual orientation?It is beca use those people, in particular typical Chinese, think that the homosexual affects the core value of a family, which is the next generation as they cannot reproduce. So, homosexuality is usually suppressed to allow the extension of families. But then, more and more heterosexuals are choosing not to have babies. Even for homosexual couples, they can extend the family by adopting child. Basically, the collapse of a family should not be an excuse to deter them from staying with someone they love. People need to open up their mind towards variances. Homosexuality is a fact that they cannot deny.It has already existed for a very long period of time, even back in 237AD in the imperial China. May they destroy the flowers and yet they cannot stop the spring. We should accept it to promote harmony in society. After all, homosexual also contribute to society like we â€Å"normal people† do and we should respect them like the way we respect the others. Lecture 4 What can a government do to recognize sexual health as a basic human right According to the World Health Organization, sexual health is a state of physical, mental and social well-being in relation to sexuality.A Government is responsible for upholding its people’s human rights. So, it should carry out both preventive measures and treatment to help to protect sexual health. Currently, our Government is doing well in some aspects of sexual health, for example education of AIDS, provision of support of AIDS patients, sex & reproductive health of woman. The action of Government shows its recognition on sexual health as basic human right it upholds. Here are some examples. Concerning sexual health, AIDS has been one of the diseases that catch most attention. It is a destructive disease with no cure at the moment.There are more than 36 million people carrying HIV and 15000 people become infected with HIV in every 24 hours. (Klesius, 2011). 50% of the patients infected with HIV would develop AIDS if there is no proper treatment. Those people’s lives are at stake due to vulnerability and high susceptibility to infections. Being aware of the high infectiousness and the bad consequences of AIDS, the Government has put huge effort in combating the disease through promotion. For example, there are talks for students, imparting the knowledge about AIDS and advertisement on TV about prevention.The effort has been rewarded as the number of newly infected with HIV case has dropped by more than 20% from 2007 to 2011, according to HK Government’s report. Yet, solely education is not enough because the Government has to take care of the infected too. More resources should be allocated to research to find out cure for AIDS, for example, potential HIV vaccines. (Klesius, 2011). Apart from the AIDS, the Government has also reacted to some alarming sexual health phenomenon, for instance the declining age of the patients of cervical cancer.It is now offering subsidies for the injection of HPV vaccines, which offer more than 90% protection for women against HPV types 16 and 18 infections and their related cervical precancerous lesions and cervical cancer. The action marks the Government’s attitude towards sexual health as a basic right. However, protecting people’s physical health is not the sole mission for the Government but also the mental health. So far, it seems to ignore the mental health of the minorities, like LGBT. This is revealed from the failure to fight against the discrimination in society, which hurts their mental health.More effort should be put to protect these minorities. The Government may start by education, not only for students, but also the public through advertisement, talks, forum to let them know more about LGBT and understand them. The Government should take the first step to open up its mind before it can open up the others. What can the LGBT community do to facilitate their sexual rights as human rights Curehelp them to i dentify what they really are After having learnt about homosexuality and its relevant issues, what can YOU do to help the LGBT community to achieve their basic human rights?The LGBT should be active to fight for and protect their sexual rights. After all, Hong Kong is a relatively conservative society, which is deeply affected by typical Chinese mindset. These sexual rights include the right to express their sexual identity, sexual orientation and equity. Unfairness to LGBT is common in our society. For example, according to Equal Opportunities Commission, people are protected discrimination by Sex Discrimination Ordinance (SDO). It is an anti-discrimination law passed in 1995, which declares discrimination on the ground of sex, marital status and pregnancy, and sexual harassment are unlawful.Both males and females are applicable. Yet, LGBT is not included in the group under protection. Till now, there is still no law against discrimination on the basis of sexual orientation. This i s obviously a kind of unfairness. So, the LGBT should communicate with the Government and express the need to draft the law, probably through media, email, or even demonstration to call for the Government’s recognition of sexual rights as basic human. Yet, the most effective way to facilitate the sexual right is actually to spread the message of equity in society and right the mindset of the public.Discrimination derives from ignorance. It is the misunderstanding of the people that leads to their behaviors. The LGBT community may make videos or organize forum to share their view or experience with the ordinary people, just like what Sarah did. This can facilitate the communication between the two parties and thus a better understanding among the two groups. The Government can also include the topic of homosexuality in sex education. The most important thing is to correct how ordinary people think about LGBT. By then will they stop the discrimination.After learning so much abo ut homosexuality, I think my greatest contribution to achieve their basic human right is to stop discriminate against them. In the past, I belong to one of those ignorant people and felt that they were weird and scared of them. But after learning so much about them, I understand them a bit more. When my family or friends act like what I did in the past, I will explain to them, saying that every one of us should be respected. I hope what I do can influence my family and friends and make them understand the importance of equity, which is the key for harmony.Hopefully, the influence can spread to friends of my friends and eliminate the discrimination against them. Lecture 5 1. Are people born heterosexual or homosexual, or does sexual orientation develop as they grow? ?2. What is the significance of the change of the terms from â€Å"homosexual† to â€Å"gay† to â€Å"queer†/â€Å"tongzhi†? ?3. How does homosexuality relate to identity politics? How does sex uality relate to politics For some homosexual people, their sexual orientation is inborn. A scientist D. F.Swaab found that a portion of the hypothalamus of the brain of homosexual male was structurally different than a heterosexual brain and hypothalamus is the portion of the human brain directly related to sexual drive and function. (Johnson. 2oo3). This may explain why some people are homosexual. It is just because they are born to be who they are. Yet, I personally believe that the modeling of parents could have some effect on the â€Å"heterosexuals†. They have been implanted with the thought that a boy should always date a girl since they were small and they end up become heterosexual.This is because they are educated to be heterosexual and they simply follow what they are told. However, I think for the majority, which is heterosexual, it is the natural phenomenon. Reproduction can only be carried out by the intercourse of opposite sex and it is the instinct of most hum an that they look for a partner of opposite sex for reproduction. However, I reckon that the above factors are not the only ones that determine the sexual orientation of people. Affection for the others is derived from his/her appearance, personalities, characters and inner beauty.People are attracted to no matter the same or the opposite sex maybe just due to these factors but not the gene or environment. It is simply a way how human express their love. So it is possible that homosexuality is developed as people grow. The change of terms marks an increasing awareness of people on the issue of homosexuality. In the pas, from 1920 to 1950, â€Å"homosexual†, which is relatively more clinical, was more frequently used and then changed to â€Å"gay† from 1950s onwards and to â€Å"queer† from 1990s till now. This suggests that homosexuality is becoming a topic that more and more people will discuss about.So the terms people are using are becoming less and less prof essional but more like a common language. It also reveals an increasing openness of society. This is because in the past the issue was severely suppressed that ordinary people could hardly touch. Now, people are more and more open-minded and the issue is not something prohibited anymore for most of the countries. So, the change of use of terms also represents a change of attitude towards homosexuality. Sexuality is related to politics in terms of the image of the leaders.Most of the leaders appeared to be heterosexual. But being homosexual is seen as being abnormal by most of people. Even leaders are homosexual, they seldom reveal it because this will imply the end of the life in politics. In addition, leaders are trying to be very careful about their personal sexual affairs because it is a potential threat to their power, just like the scandal of Italian Prime Minister Silvio Berlusconi. People, especially in a society of Chinese, do not only look at one’s ability to lead bu t also the impact of their personal matters on society.What the leaders do will have a profound impact on society because they are the ones who lead the people. Being heterosexual is a sign of being normal. People do not say it but this is what they think. To avoid a negative impression, â€Å"being normal† in terms of sexual orientation is what leaders do. Reference: Asia Times Online. (2011). In Hong Kong, a quiet advance for gay rights. Retrieved from http://www. atimes. com/atimes/China/MG15Ad01. html Centre of Health Protection. Cervical Cancer. (2011) Retrieved fromhttp://www. chp. gov. hk/en/content/9/25/56. html Equal Opportunities Commission. n. d. ). Sex Discrimination Ordinance and I. Retrieved from http://www. eoc. org. hk/eoc/GraphicsFolder/showcontent. aspx? content=Sex%20Discrimination%20Ordinance%20and%20I Johnson, R. D. (2003). Homosexuality: Nature or Nurture. AllPsych Journal. Klesius, M. (2011). Search for a Cure—AIDS Turns 20. National Geographic m agazine. The department of Health. Knowing about HIV. (2011). Retrieved from http://www. gov. hk/en/residents/health/sexedu/aids. htm Wikipedia. (n. d. ). LGBT rights in Hong Kong. Retrieved fromhttp://en. wikipedia. org/wiki/LGBT_rights_in_Hong_Kong Reflective Journal Reflective Journal Detailed description as if to an outsider. Often you will use your journal to record detailed descriptions of some aspect of your internship environment, whether physical, behavioral, or organizational. When you write them, you will not have a clear idea of what you will make of these details, but you will sense that they might be important later. These descriptions should sound as if you were describing them to someone who was never there. Journals allow you to sound naive. At times you will want to speculate as to why something that you have observed firsthand is as it is.You might derive your explanation from a lecture you have heard, a book you have read, or your own reservoir of â€Å"common sense†. Having posited an interpretation, you will want to continue with your detailed observations on the topic to see if you want to stick with your hypothesis or alter it. Journals allow you to change your mind. Here are a few of the ingredients that go into a ke eping a great journal: * Journals should be snapshots filled with sights, sounds, smells, concerns, insights, doubts, fears, and critical questions about issues, people, and, most importantly, yourself. Honesty is the most important ingredient to successful journals. * A journal is not a work log of tasks, events, times and dates. * Write freely. Grammar/spelling should not be stressed in your writing until the final draft. * Write an entry after each visit. If you can’t write a full entry, jot down random thoughts, images, etc. which you can come back to a day or two later and expand into a colorful verbal picture. Key questions to answer Describe your experience.What would you change about this situation if you were in charge? How have you challenged yourself, your ideals, your philosophies, your concept of life or of the way you live? Was there a moment of failure, success, indecision, doubt, humor, frustration, happiness, sadness? Do you feel your actions had any impact? What more needs to be done? Does this experience compliment or contrast with what you’re learning in class? How? Has learning through experience taught you more, less, or the same as the class? In what ways? Reflective Journal Reflective Journal Detailed description as if to an outsider. Often you will use your journal to record detailed descriptions of some aspect of your internship environment, whether physical, behavioral, or organizational. When you write them, you will not have a clear idea of what you will make of these details, but you will sense that they might be important later. These descriptions should sound as if you were describing them to someone who was never there. Journals allow you to sound naive. At times you will want to speculate as to why something that you have observed firsthand is as it is.You might derive your explanation from a lecture you have heard, a book you have read, or your own reservoir of â€Å"common sense†. Having posited an interpretation, you will want to continue with your detailed observations on the topic to see if you want to stick with your hypothesis or alter it. Journals allow you to change your mind. Here are a few of the ingredients that go into a ke eping a great journal: * Journals should be snapshots filled with sights, sounds, smells, concerns, insights, doubts, fears, and critical questions about issues, people, and, most importantly, yourself. Honesty is the most important ingredient to successful journals. * A journal is not a work log of tasks, events, times and dates. * Write freely. Grammar/spelling should not be stressed in your writing until the final draft. * Write an entry after each visit. If you can’t write a full entry, jot down random thoughts, images, etc. which you can come back to a day or two later and expand into a colorful verbal picture. Key questions to answer Describe your experience.What would you change about this situation if you were in charge? How have you challenged yourself, your ideals, your philosophies, your concept of life or of the way you live? Was there a moment of failure, success, indecision, doubt, humor, frustration, happiness, sadness? Do you feel your actions had any impact? What more needs to be done? Does this experience compliment or contrast with what you’re learning in class? How? Has learning through experience taught you more, less, or the same as the class? In what ways?

Essay on Poverty and Personal Choice - 1378 Words

Do the poor in this country have a choice not to be poor? Do the less fortunate have the same access to opportunities as the middle and upper classes? Do government programs designed to help the impoverished actually keep them in the lower ranks? These are all difficult and controversial questions. Conservatives and Liberals constantly battle over these issues in our state and federal governments. Local and national news media provide limited insight to the root causes and effects of the nation’s poor. There is obviously no simple solution to resolve the plight of these often forgotten citizens. Most of us associate poor as being in a class below the poverty line. In fact there are many levels of poverty ranging from those with†¦show more content†¦I feel safe to assume these families are also choosing not to use birth control. Again, this would seem to be an unwise personal choice considering the lack of family planning can and does result in unexpected preg nancies and births. Combine the staggering rate of divorce that leave many families with a single head of household, and it becomes clear the poor are contributing to their own problem. How does one who can barely afford their own living expense justify adding more burden to an already heavy load? Growing up in a poor family from a low income neighborhood does place immediate challenges on our nation’s youth. Being born into this class is not the choice of the child, but they are none the less faced with an uphill battle. These children must compete in an environment that suburban and higher social class children often don’t. Lower income and poor neighborhood families face nutrition issues, sub-standard education, crime and pollution. All of which their distant middle and upper class peers seldom see. With limited resources, these underprivileged children must work harder and strive more to succeed. Stories from Rereading America echo this in a number of sampl es. Anyon’s â€Å"Social Class† exposed education problems based on income levels. Rodriguez’ â€Å"The Achievement of Desire† showed how he rose above hisShow MoreRelatedThe Poverty Of The United States955 Words   |  4 PagesInterview 1 When questioned what poverty is V. Martin defined poverty as â€Å"The inability to financially meet the daily basic needs of oneself or ones family† (personal communication, June 17, 2015). V. Martin added to her definition of poverty stating that people who are living in poverty have a difficult time meeting their basic needs for food, shelter, and clothing due to the amount of income that person has (personal communication, June 17, 2015). â€Å"Overall poverty means the same for each communityRead MorePoverty, An Explanation For Poverty883 Words   |  4 PagesAs poverty continued to spread throughout the United States, an explanation for poverty was to be expected. Generally, poverty is the lack of resources to supply basic needs. 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Globalization Generates Poverty Essay - 1843 Words

What can two dollars buy you? A small coffee at Starbucks, a candy bar, bag of chips, and a soda, a slice of pizza. For nearly three billion people, approximately half of the world’s population, two dollars a day is all the money that the person has to live on. Moreover, of the 2.8 billion children in the world, 1 billion grow up in poverty; 640 million without adequate shelter, 400 millions with no access to safe water, and 270 million with no access to health services (UNICEF 2014). One proposed reason for this harsh reality of high poverty rates is globalization - the growing integration of economies and societies around the world. The claim that globalization generates poverty has been the focus of many debates for the last twenty†¦show more content†¦This point is also endorsed by Stiglitz who stated: One possible consequence of increases in economic globalization might be decreases in the danger of war. The argument in favor of this proposition begins with the point that as economic interconnections between two countries increase, each achieves greater welfare, and therefore each country develops a progressively a greater stake in the continuation and intensification of interconnections with its partner. The second step in the argument is that because war would lead to a breakage of their mutually profitable and beneficial economic contacts, partners have a progressively stronger incentive not to permit any particular political or diplomatic disagreement to escalate to military conflict. In general, then, as economic interdependence between two countries goes up, each nations incentives to manage and resolve disputes short of war also go up, with the result being a lower overall danger of war as the world experiences intensified economic globalization (2000). Grossman and Wong as elaborated on the fact that globalization will lead to new resources which â€Å"allows a country to capitalize on resources that would otherwise not be valuable†¦ [and] as a results countries can grow their economies†¦ in ways that were not possible before† (2014). Grossman, Wong, and many others who advocateShow MoreRelatedGlobalization Generates Poverty1930 Words   |  8 PagesMoreover, of the 2.2 billion children in the world, 1 billion grow up in poverty; 640 million without adequate shelter, 400 millions with no access to safe water, and 270 million with no access to health services (UNICEF 2005). One proposed reason for this harsh reality of high poverty rates is globalization - the growing integration of economies and societies around the world. The claim that globalization generates poverty has been the focus of many debates for the last twenty years, including theRead MoreImpact Of Globalization On The World Economy934 Words   |   4 Pagesâ€Å"Globalization refers to all those processes by which the people of the world are incorporated into a single world society, global society.† Definition by Martin AL brow, 1990, a British Sociologist. Globalization helps to under developed countries by increasing their economic. On the other side, researchers and experts are saying that, globalization helps in increasing gap between poor and rich people in all around the world. The impact of the globalization is so wide and board, it is difficultRead MoreGlobalization and Poverty1498 Words   |  6 PagesGlobalization and Poverty Introduction In this essay, I am going to investigate the globalization and poverty in the world. Meanwhile, its impact on global marketing activities will also be addressed. 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