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Business


New policies are communicated and procedures are re-evaluated. Once the change is implemented, management must work to "Refreeze in the new situation". This final step is of upmost importance because it will ensure that staff does not drift off into old habits and revert to the old procedures. Management must work to offer support to staff and monitor the new situation and ensure that the process of change was an effective one. The issue of change has struck all businesses worldwide with the growing rate of globalisation. Globalisation is the erosion of national borders, decline of the power of national governments and the rise of organizations that operate across national borders. Globalisation is generally characterised by less restricted world trade (in the form of reduced tariffs and fewer trade barriers) and the rapid movement of money around the globe (commonly in the form of electronic commerce). Globalisation has been underway for a few decades now, but the 1980's saw the biggest set of changes in Australia's history. Australia is a country where agriculture forms over 60% of export earnings in a world where agriculture accounts for only 14% of world trade. Countries were becoming more self-sufficient and Australia was left behind. In the 1980's, Australia lowered tariffs and exports soared. As a result of less restricted trade, managers of companies are now facing direct competition from local as well as international companies. Managers are forced to increase the quality of their products and be able to compete with their international counterparts. This is known as world's best practise. A manager must also learn to deal with certain issues relating to globalisation. Management must consider contact with other cultures, information technology systems required for efficient global commerce, competence in the mechanics of international commerce, managing people of a different culture, international recruitment and international social responsibility.


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