LS1616: The 21st century would see the following inter-related phenomena emerging, posing challenges to the corporate world and culminating in Olympian competition

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Question: The 21st century would see the following inter-related phenomena emerging, posing challenges to the corporate world and culminating in Olympian competition:

Borderless world

Diversity, and

Knowledge Power

The cross-cultural, cross-border mingling has resulted in the creation of a new class of people-global citizens with global attitudes, tastes and networks. Since it unleashes multiple variables, the borderless world precludes immense complexity-complexity in the environment, in inter-organizational relationships, in modes of conducting business and in socio-cultural diversity.

Elaborate this statement and discuss the underlying concepts with relevant example. You may describe the incident/situation being referred/ quoted in support of answer/s.


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