Globalization of business and the Third World: Challenge of
expanding the mindsets

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Journal of Management Development

ISSN: 0262-1711

Online from: 1982

Subject Area: Human Resource Management

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Document Information:
Title:	Globalization of business and the Third World: Challenge of expanding the mindsets
Author(s):	Kalburgi M. Srinivas, (University of Regina, Regina, Canada)
Citation:	Kalburgi M. Srinivas, (1995) "Globalization of business and the Third World: Challenge of expanding the mindsets", Journal of Management Development, Vol. 14 Iss: 3, pp.26 - 49
Keywords:	Business policy, Globalization, Management development, Third World, Training
Article type:	Technical paper
DOI:	10.1108/02621719510078957 (Permanent URL)
Publisher:	MCB UP Ltd
Abstract:	Globalization of business is bringing in seasoned competitors from the developed countries into the growing markets of the Third World. Consequently, the survival of local enterprises and entrepreneurs is being threatened. Third World managers need to develop a global mindset in order to take advantage of the changed new world order in business. Elucidates the notion of global mindset and examines some typical management training methods and techniques for their adequacy to develop this orientation among Third World managers. Discusses relevant cultural, organizational and macro-environmental issues. Presents conclusions and recommendations for Third World contexts in respect of Western training methods and business school curricula for broadening the managerial horizons in this era of globalized business.