Globalization, Workforce Diversity, and Economic Pressure of Workers’ Behaviors

Impact of Globalization, Workforce Diversity, and Economic Pressure of Workers’ Behaviors
Student’s Name
Institutional Affiliation

Impact of Globalization, Workforce Diversity, and Economic Pressure of Workers’ Behaviors
Economic Pressure
Economic challenges are inevitable and effective management is required to survive during these tough moments. In good moments, almost anyone can manage a firm effectively. However, during tough economic times, managers have to make tough and well-informed decisions, such as firing some employees, since resources are scarce. Moreover, it becomes challenging to motivate workers when an organization has limited resources. As such, managers should be able to cope with stressed workers who care about their future.
During both good and bad economic moments, effective management is significant.
When a firm is not facing economic difficulties, managers can reward, retain good-performing workers, satisfy, and motivate them.
Nevertheless, during tough economic moments, business leaders must make hard decisions and know how to deal with stressed workers so that a company can cope with the existing challenges.
Globalization
Globalizations enables organizations to operate without being limited by national borders. For this reason, the roles of a manager changes and these individuals must make decisions from a wider perspective. When foreign duties take momentum, leaders are expected to manage a large workforce, which means that the attitudes, aspirations, and needs of the workplace change.
In particular, a firm that operate...