Economic Globalization and China Essay - 2714 Words

Globalization has, for better or worse, altered the economic arena for every country in the world. For many less developed countries, globalization has leveled the playing field so that their economies can compete with the larger, more developed ones such as the United States and other large western economies. For instance, technical engineers in India and China are now just as qualified as engineers in America, but at half the cost. The once large and prosperous service sector in the United States as well as telemarketing services have largely been sourced to India as a large exodus of American multinational corporations find cheaper workers who deliver comparable quality. This then seems to be the essence of globalization - businesses†¦show more content†¦That this was also the decade in which globalization came into full swing is more than a minor inconvenience for its advocates† (Rodrick). If globalization is supposed to present an advantage to developing countries , why have there been so many setbacks? Indeed, both sides will have its winners and losers regardless of which side of the development coin they live on, but for the most part globalization has lifted millions out of poverty, improved the standard of living, and increased life expectancy rates all while keeping developed nations relatively competitive to their developing counterparts. Globalization’s value is that it seeks to create an economic equilibrium in the world, where parties are free from barriers and can benefit from one another through a more efficient allocation of resources. This allows all participating nations to contribute to an integrated economy and where all nations willing to embrace globalization have the potential to benefit. Regardless, the path to successful integration to the global economy has not always been easy. There is contention towards globalization as some argue that it is detrimental to developed nations, while many developing countries tha t were forced to hastily open up their markets and integrate failed. However, if implemented properly, globalization has proven that it can benefit all parties involved and that the potential gains outweigh the losses. The principle of globalization as it refersShow MoreRelatedGlobalization Has Changed The Economic Condition Of A Country Or The Lives Of People995 Words   |  4 PagesGlobalization is a communication and connection between person-to-person, local-to-local and nation-to-nation to preserve and develop trade, technology, education, and etc. There are a couple aspects of globalization to count on, but this essay will be focusing on one specific dimension of globalization. Mostly, this essay will examine economic aspect of globalization as well as it will conduct a research: how globalization has changed the economic condition of a country or the lives of people. MoreoverRead MoreGlobalization Is A Process Of Interaction And Integration Among The People, Economics And Government Of Different Countries1329 Words   |  6 Pages Globalization is a process of interaction and integration among the people, economics and government of different nationalities. Globalization is not new, over t housands of years; globalization has progressed through travel, migration and the spread of culture. Globalization has many effects on the world today. Globalization has an overwhelmingly positive impact to most countries in terms of economy, political and cultural. Economic globalization is a worldwide phenomenon where countries economicRead MoreEvaluate the Positive and Negative Effects of Globalization in China894 Words   |  4 PagesEvaluate the positive and negative effects of globalization in China Globalization, which is the process of enabling financial and investment markets to be operated widely and internationally, usually refers to the increasing global relationships of culture, people, and economic activities (Simon. J, 2002). It is generally used to represent economic globalization including the global distribution of the production of goods and services, through reduction of barriers to international trade suchRead MoreImpact Of Globalization On The Chinese Economy Essay883 Words   |  4 PagesGlobalization is an important term that is partially responsible for an economic revolution that took place around the world. Theodore Levitt, a former Harvard Business Review editor, coined the term â€Å"globalization† and used it for the first time in one of his articles in 1983 (Los Angeles Times magazine, 2006). According to the Business Dictionary, globalization can be defined as â€Å"the worldwide movement toward economic, financial, trade, and communications i ntegration† (businessdictonary.com).Read MoreGlobalization, Glt1, Task 1 Essays818 Words   |  4 PagesGlobalization Western Governors University Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process. Two non-Western countries that have been impacted by globalization are India and China. India opened itsRead MoreDisadvantages Of Globalization1250 Words   |  5 PagesGlobalization is the spread of political, social, and economic, ideas worldwide, creating a standard across countries. Globalization, while it has its faults has been able to propel developing countries into prosperous world powers, especially economically. Globalization allows for the spread of ideas throughout the whole world and creates a sense of interconnectedness among countries. There are three main categories of globalization, political, social, and economic. While there are faults with globalizationRead MoreAdam Smith and Globalization: China’s Economic Evolution Essay975 Words   |  4 PagesGlobalization is not a new concept – trade, migration, market integration and capital flows have been practiced in various forms dating back centuries. China is at the epicenter of our globalized wo rld and their success is attributed to the tenets of Adam Smith’s Wealth of Nations. However, opponents of the globalization believe if Smith were alive today, he would be repulsed by our modern day international business strategies. The general consensus among dissenters of globalization is the misguidedRead MoreHow Globalisation has affected developing countries in the Asia - pacific region1609 Words   |  7 Pagesthe world economy is the process of globalization. Globalization is the progressive integration between national economies and the breaking down of barriers between trade and financial flows around the world, which will eventually lead to the emergence of a single world market. Globalization has affected many different nations in different ways, depending on their degree of development and extent to which they are open to the flows of the world economy. China, which is one of the developing countriesRead MoreGlobalization : A Positive Light926 Words   |  4 Pageseasily from all over the world. There are growing worries that globalization makes people lose their character. However, globalization`s dominance can be viewed in a positive light. This essay will explain why globalization will not put people in danger of becoming the same. It will then discuss that globalization helps different nations keep their traditional culture and stimulates economic growth in developing countries. Globalization shall be beneficial to every culture because people could showRead MoreAnalysis Of The Article Spiritual Perspectives On Globalization 906 Words   |  4 Pagesâ€Å"Spiritual Perspectives on Globalization† written by Ira Rifkin and published by Skylight Paths Publishers in 2003, Rifkin defines globalization as a fusion of economic level, which encircles all the multinational companies that made possible the capital flows, cultural level, which encompass the homogenization of culture by the countries that undermine others and individual level, which features the consumerism and boost of consumer values (Rifkin). Still, globalization may reduce or increase inequality

Social Construction And Disability Models - 1579 Words

Social Construction and Disability Models Social construction is a meaning created by the things that are around us. The idea of social construction is based on the fact that disability is constructed by localized social expectations. At one point in time, disability was seen as a punishment or moral failing until an enlightenment occurred and society changed its definition of disability. The construction of disability is linked to how time progresses. For example, if a time is set, you do not have the ability to change the time to what you would like it to be or a time may mean a different thing to someone else. You may see 10pm as late, while others see it as early. An article that focused on Deaf Beauty pageants used the deaf model and linguistic model to compare time periods of how change over time effected the contestants and pageant. The Burch article talked about the 1920’s and how the deaf contestants would be able to show their beauty to win. â€Å"Passing† as a way of reading, along with singing and p iano playing were ways deaf contestants showed off their talents. Even though they were deaf, they still were able to show their physical appearance. The linguistic model is brought up in this article and how culture has changed from the 20’s, now to the 1980’s. American Sign Language and signed performances were ways contestants would perform and be able to communicate at these pageants. Now that times have changed and there is progression, the disability rightsShow MoreRelatedThe Stigma of Mental Disabilities773 Words   |  4 Pagesbeen embedded into society for so many years. During the 50’s it was used to protect white middle-class students. Today is mostly used to described people who have mental or physical impairments. Sleeter and Longmore researched how the concept of disability has had a negative development through the US society. Sleeter tries to answer the question of why LD category was created? It was way to protect those white children who had low learning achievement during the 50’s and 60’s. Parents did not whatRead MoreConversations about Disability Essay1367 Words   |  6 PagesConversations about Disability Introduction In this essay I would like to discuss the definition of disability with focus on medical, economic and socio –political models, evolution, and history of disability care, disability rights movements, marginalisation, oppression and barriers and strategies to dismantle barriers .I will illustrate these with the clear understanding of the concepts illustrated by Simi Linton, Colin Barnes and Lennard Davis. If you look at the evolution of disability –the peopleRead MoreWhat Is Identity? Who Defines Such, And How Is It Constructed?1570 Words   |  7 Pagesbut also biological influences such as a sex, ethnicity, age and disability. As far back as 1690 John Locke wrote an essay concerning human understanding, he considered that personal identity was founded on consciousness, going on to state that identity was of the mind and not of the body. John Bowlby in 1969, further elaborated the understanding of personal identity and developed the theory of attachment and the â€Å"internal working model† suggesting that â€Å"the development of a relationship between aRead MoreWhat I Thought Was The Definition Of Disability Essay1040 Words   |  5 PagesAt the beginning of the semester, I wrote what I thought was the definition of disability. Disability is â€Å"a socially constructed idea that being different makes you unable to be useful or valued in society† I wrote. This answer, while not wrong, only scratched the surface of how I define disability now. As a disclaimer, I do not believe I now have a full or encompassing definition of disability, but I do believe I have a better one. To start, the the definition I had written used the term â€Å"socially†Read MoreStereotypes And Discrimination Against Disabled Individuals999 Words   |  4 Pageslives. Ableism as defined by Merriam-Webster is when individuals who have a disability are met with discrimination and prejudice from society (In text-citation). Throughout this essay, I will focus on the stereotypes that preserve ableism and how those stereotypes are shared through various modes of media (TV, movies, and news stations). I will also be connecting the stereotypes to concepts like Stereotyped Concept Model, Prototypicality and Cognitive Function. With this being said, we as a societyRead MoreDisability in Modern British Society1600 Words   |  7 Pagesinequality or disadvantage encountered by disability in modern British Society. Approximately 8.5 million people in the United Kingdom are registered disabled (Office of National Statistics 2002 cited in Giddens 2006:287). Definitions of disability is important to the way in which its nature is investigated and also to its extent in society. This essay will illustrate the broad definitions of disability and the dissimilarity between disability and impairment. It will also discuss howRead MoreThe Development Of The Welfare State And Social Policies1563 Words   |  7 Pagesdevelopment of the Welfare State and Social Policies have been based on assumptions about gender, race, ability/disability and age. Discuss this statement with reference to one of the highlighted issues and illustrate your discussion with at least one area of Social Policy Disability is an umbrella term used to cover impairments, activity limitation and participation restrictions. Disability is not just a health problem but a complex phenomenon (WHO 2015). Disability has been a neglected area of historicalRead MoreThe Layers Of Social Strata Within Disability1684 Words   |  7 Pagesperceptions of disability. Avenues in which we see public portrayals of intellectual, emotional, linguistic, age and physical impairments include television, radio, film, literature and various social media platforms. The utilization of media can either reinforce or challenge stereotypes that are widely accepted in western society. The layers of social strata within disability can be intersectional with gender, race, age and social class issues. This paper will examine attitudes about disability as a wholeRead MoreDisability Law : A New Wave Of Benefits915 Words   |  4 Pages The use of disability law for transsexuals has brought awesome benefits to the communi ty, and it is currently becoming a new wave of benefits. Disability law works for transsexuals, and is currently available to people without current diagnosed gender identity disorder, so it could protect more people in the coming future, as it continues to be used. In this essay I will give a brief overview of disability law within the trans community, and gender binary populace. Throughout the essay, IRead MoreA Brief Note On Breaking The Barriers Of Stigma1722 Words   |  7 PagesDisability: Breaking the Barriers of Stigma Literature Review The purpose of this review is to examine the existing literature around stigmatization and more specifically the stigmatization of those with physical disabilities and how this effects their social interactions. Suggestions for eliminating stigma will also be considered. The literature revealed common instances of stigmatization and common misconceptions that those with physical disabilities experience. Those with physical disabilities

Become An Organ Donor Free Essays

Research show that up to seven lives are accumulated (two lungs; one heart, pancreas, and liver; and two kidneys) for every individual who decides to donate an organ after death. Consequently, nine patients die each day due to organ shortage. If every healthy and competent individual is willing to donate an organ before or after death, then it is most likely to save an immense number of sick or dying patients and much more offer their respective families a sturdy relief for that so-called â€Å"gift of life. We will write a custom essay sample on Become An Organ Donor or any similar topic only for you Order Now † (Lauritzen, McClure, Smith, Trew, 2001) Organ donation has always been a controversial issue in the society especially among families who are against such perception. Health organizations such as the Center for Organ Recovery and Education and other Organ Procurement Organizations came up with the idea that the discretion with regard to organ donation apparently flows on the donor’s decision, thus making the family only get informed with the â€Å"documented wish† of the donor (May, Aulisio, DeVita, 2000). Surveys stress the idea that there are numerous accidents that occur per day and normally, these individuals would need organs to replace whatever it is that has been damaged (Joralemon Cox, 2003). It may then be taken to assumption that out of the 37,000 Americans waiting to receive the â€Å"gift of life† (DeJong, 1995)—to restore their good health per se—it would be more efficient if there will be many who would voluntarily donate some of their organs even when they are still alive compared to that when they are already dead. As a matter of fact, there occurred Congress legislative proposals which are coherently adopted by the American Medical Association, the United Network for Organ Sharing and the American Society for Transplant Surgeons. In essence, through these laws, the families of the donors are to be given the assurance that â€Å"the body is dissociable from the self and can be treated like property†¦these are proposals to compensate families for transplantable organs which are gathering momentum. † (Joralemon Cox, 2003) It has also been observed that the number of organ donors surprisingly increased given the fact that the Congressional bill comprises to tax credits for cadaveric donations (Joralemon Cox, 2003). Further, it would grant moderate incentives—funeral assistances—according to donor rate. The â€Å"pure altruism† consent of the organ donation system—meaning that it will be under the consent of the donor’s family—or that on the basis of â€Å"express consent†Ã¢â‚¬â€where the deceased’s documented wish where the next of kith and kin would not be able to supersede with the donor’s decision. In these kinds of system, the system would help save lives and one point or another; financially help those who are still living in a manner of â€Å"assurance-foundation. † (May et al. , 2000) There exists several risks on organ donation, like plastic surgery, the addressee is talked to decide over his or her own risk—though insurance policies are there to collide in form—thus it must be kept in mind that there will always be unexpected circumstances to surface (DeJong, 1995). With this, organ transplant schema would be assessed to be of mutual benefit over that of the recipient and the donor. Examples of organ and tissue donation include cornea, bone marrow, hearts, livers, lungs, pancreases, and spleens; and many more dependent on what is needed by the surgeon (Lauritzen et al. , 2001). The donations made are explicitly beneficial and helpful in all of humanity. However, like other occurrences, there are always these instances where the donation process takes a glitch on the procedure. Like what doctors say, not all surgeries are successful inasmuch as there is no total assurance that a cancer patient will not be saved. Hence these kinds of issues only take place when there are anticipated circumstances like the donor is suffering from heart disease or other illnesses which could gravely affect the procedure—but that is impossible to happen since the medical team are to make several tests and diagnoses first to be able to distinguish if a donor is capable to indeed â€Å"save another life. † (Lamb, 1980) Voluntarism may be perceived to be a form of a heroic act by any individual. Even if others may regard it for a stake of financial stakes, still the mere fact that the idea is to accumulate a life is far more important than placing a pedestal of clannish catastrophes. In a larger perspective, in the case of those who are brain-dead, there are families who prefer seeing their loved one help another person’s life, than to live in a life full of agony. Most likely, the â€Å"living donors† are not after for money alone, it is too rare that they ask for something in return after donating an organ. Basically, cornea and kidney donors honor their benevolence to see a person close to them live a little longer, or make one see through the nightfall—to make someone feel complete—dramatic but happening in a real-life scenario (Lauritzen et al. , 2001). Donating an organ in the contemporary society is no longer a hook-on-a-leash issue compared to that when the kidney transplant was first performed in 1954 for the sake of two identical twins. In the modern era, technology has paved a long way in the art of saving lives—or getting a new life out of somebody’s end of life. There may be other culture or religion who are still against the idea of â€Å"taking something† from a person’s body, but if they are to be educated and have them informed of the beauty that waits the recipient, they too would conceivably try donating their organ—whether they are still living or after death (Lauritzen et al. , 2001). In a future marker of this argument, it may be stressed that marketing is no longer limited to goods made by humans, even humans, whose only initial investment is their body, could give a better pay-off with the right people to attend to and seek for guidance (Joralemon Cox, 2003). It is amazing to realize that healthcare has created this system, where normal people could be heroes, even if they couldn’t fly or read minds or make objects move. A driving force to live life through helping others, and gaining income by donating an organ—the feeling of fulfillment is imaginable. References DeJong, W. (1995). Options for Increasing Organ Donation: The Potential Role of Financial Incentives, Standardized Hospital Procedures, and Public Education to Promote Family Discussion. The Milbank Quarterly, 73(3), 10. Joralemon, D. , Cox, P. (2003). Body Values: The Case against Compensating for Transplant Organs. The Hastings Center Report, 33(1), 13. Lamb, J. (1980). Organ Transplantation: Recognizing the Donor. The American Journal of Nursing, 80(9), 2. Lauritzen, P. , McClure, M. , Smith, M. L. , Trew, A. (2001). The Gift of Life and the Common Good: The Need for a Communal Approach to Organ Procurement. The Hastings Center Report, 31(1), 6. May, T. , Aulisio, M. P. , DeVita, M. A. (2000). Patients, Families, and Organ Donation: Who Should Decide? The Milbank Quarterly, 78(2), 4. How to cite Become An Organ Donor, Papers

Risk Minimization Stratagies and Identifying Business Risk

Question: Describe about the risk minimization Stratagies and Identifying Business Risk? Answer: Introduction There was a time when Human Resource Management was considered as a secondary function in the organization. With emergence of technology and spread of Internet, HRM has emerged as an important business function. Today, the social media has emerged as a crucial platform for organizations to manage the knowledge. The objective of HR managers is to establish a seamless integration among all the departments and functions of organizations and to ensure that knowledge management could be effective. It is somewhat difficult for large organizations to manage the internal knowledge. Multinational corporations have their presence in different geographies and they have skilled people across different locations. It is important that internal talent should be nurtured in order to develop and sustain a productive eco system. HR managers must realize that people are the biggest asset for organizations and knowledge sharing can help employees to learn from the experiences of others (Neuberg, 2010). The social media platforms like LinkedIn, Facebook and Twitter have provided a platform for multinational corporations to improve knowledge sharing and build social capital. The objective of this paper is to discuss and analyze the ways social media such as LinkedIn, Facebook, and Twitter be used to improveknowledge sharing, build social capital, support innovation, and aid problem solving in multinational organizations. With the spread of Internet and smart phones social media platforms have reached a new place. Today most of the employees in an organization would have access to social media sites such as LinkedIn, Facebook and Twitter. These platforms could be used to foster growth and productivity for organizations with global reach. It would also provide an opportunity for employees to focus on innovation through collaboration. Social media and knowledge sharing Knowledge Sharingis an activity through whichknowledge(i.e., information, skills, or expertise) is exchanged among people, friends, families, and communities. One of the most common and most important benefits of social media platforms for large organizations is the ability to share the knowledge. People are distributed in multiple geographies and all the employees would not have physical access to all other employees. Knowledge management could be effective only when it encompasses knowledge sharing. In turn, knowledge sharing would demand effective communication and social media platforms like Facebook and Twitter provides the channel for communication. The knowledge sharing through social media platforms focuses on sharing, collaboration and communication. The social media networks like Facebook and Twitter provides a mean to employees to interact with each other. People can get to know about other employees through Facebook that is the first step towards collaboration. With Facebook and LinkedIn, employees get the option to create groups where they can chat and communicate (Heuvel, 2013). These groups can also act as a hub where knowledge could be shared. HR managers can use these groups to impart knowledge to new employees and to share the knowledge among existing employees. With the spread of Facebook and LinkedIn the role of HR managers has also changed from being transactional in nature to transformational in nature. Today, HRM function is not only an internal function in the organization. Facebook and Twitter can also help employees to gain and share the knowledge with external world. It can be said that the social media platforms like LinkedIn and Facebook provides an opportunity to stay connected with all the stakeholders 24X7. With the establishment of these social platforms knowledge has become more volatile and knowledge management has been established as a culture. Multinational organizations find it easy to bring all the employees together in a single cluster on Facebook. With social media platforms, organizations would have to the option to manage the knowledge in a dynamic way. It means that with the spread of these platforms, people would be able to spread and consume the knowledge at same time. These platforms also result in efficient communication links. With websites like Facebook and Twitter, LinkedIn, organizations can spread the knowledge with a single click. It can be said that knowledge within an organization is managed best when it is spread best. The large organizations like Toyota, Wal-Mart, and Coca-Cola have their presence in almost every part of the world (McCaffrey, 2012). The knowledge management system of these firms should be equipped with real time information sharing and collaboration of ideas among the employees from different countries. For example, an engineer of Toyota in Sydney office should have the option to work in collaboration with Japanese employee. The social media platforms have provided a place where people can com municate and collaborate. Social media and social capital It can be said that employees are the biggest assets for any multinational organization. With time workforce or employees have also evolved with the evolution of businesses. There was a time when organizations used to operate only in domestic boundaries. With the evolution of businesses, organizations have expanded in different regions. The expansion of organizations has definitely opened new growth avenues for organizations. However, the concept of discrimination has also evolved. The laws are important steps to handle the discrimination and at the same time the policies and strategies of organization are also important (Ceulemans, 2014). It would be good if senior management can develop a culture where people accept each other and discrimination is not practiced in any of the ways. The social media platforms like LinkedIn and Facebook helps management to develop and establish this culture where social capital can be nurtured. The social media platforms have accelerated the means of communication and interaction among employees. With these platforms management also remain connected with low-level employees. With these platforms, strategies and policies could be communicated to low-level employees easily and effectively. In a nutshell, it can be said that all the employees get a felling of self-belongingness with the spread of social media platforms and it results in development of social capital. Multinational organizations have also realized that social media platforms like Facebook and LinkedIn can be used for internal debates. The issues and development plans can be discussed in confrontational mode on these social networking platforms. Confrontational relationship could also be a healthy relationship between employer and employees. In fact, confrontational relationship can strengthen the partnership bond between employer and employees as both can speak up their mind. Confrontation could be productive, if the parties involved are willing to brainstorm solutions together. Sometimes, the compromise can be better for business than either of the original ideas. Conflict of this kind often generates better work practices and initiates positive changes that would otherwise never have occurred. The social networking platforms provide a platform where different employees can brainstorm at the same time. The strength exists in the scalability of this platform. Thousands of employee s can post about the discussion in a thread. People can do number of discussions with the same group with different members and at the same time. It has definitely improved the social development process of employees in a multinational organizational setting. One of the typical challenges that multinational organization faces is the delay in communication and limited spread of plans. The social media platforms can help multinational organizations to expedite the announcement processes and bring efficiency in the system by focusing on social capital of the firm. Social media and innovation (Valle, 2008) highlighted that the role of HR managers is to ensure that employees remain motivated and the issues of employee could be resolved without delay. In context of large organization, it can be said that motivation, working environment and knowledge of external environment is the driver for innovation and social media platforms can definitely help to improve the working condition. At the same time, employees can get to know about the competitors and industry best practices with the use of social media platforms. The innovation in large organization has to be practices as a culture. Multinational organizations should realize that innovation couldnt be a one time thing or activity. Companies have to innovate and evolve on continuous basis. There has to a system and drive for innovation at the workplace and systematic approach has to be a recurring organizational process (Millen, 2012). The business focused systemic approaches have to be developed based on the inputs from both internal and external stakeholders and it is the social media platforms that can bring internal and external stakeholders together. Managers in the large and multinational organization would have a key role to bring all the stakeholders together. Managers are also expected to develop a system of check and balances that would ensure that growth plan of the organization seems reasonable as per the capability of its resources. Managers can achieve this objective effectively with the support of social media tools like Faceboo k and LinkedIn. To develop an eco-system based on innovation, managers have to flexible in their approach. HR managers would have to learn to develop the change management process when they are asked to implement the change anytime soon. This may not provide them the window to develop a structured plan. This would be the time when flexibility would weigh in. an innovative working environment could be established only when employees are set free to think out of the box and come up with new ideas and solution. At the same time, it is also important that employees should be able to discuss the ideas with other employees and management. An early feedback always expedites innovation. Social networking platforms help to create a system where people can provide feedback and can discuss ideas with others. An executive working in Toronto can provide feedback to an engineer in Melbourne within hours on LinkedIn. Organizations have also started to focus on social media groups for research and development. The objective of these groups is to bring all the like-minded employees together to brainstorm of new and emerging technologies. Social media platforms have also fostered the innovation and information sharing among the firms. With the help of social networking sites such as LinkedIn, employees from different organizations can formally work together to focus on new product development. Social media and problem solving Social media has definitely helped large organizations to streamline the issues and dispute resolution strategies. With social media platforms, employees are equipped to raise their concern and problems to right people. With LinkedIn, a low level worker can also stay connected with Vice President and he or she can bring upon his or her problem directly to VP. These platforms have helped to develop a system that is far more efficient. The social media platforms have also helped employees and employer of large companies to establish a system of efficient collective bargaining. Collective Bargaining is the process of negotiation between firms and workers representatives for the purpose of establishing mutually agreeable conditions of employment to enhance the harmonies working status at the work places. These platforms have also increased the transparency in the system. Multinational organizations would have to operate in developed countries as well as developing countries. Social media as a tool of problem solving can be more effective in developed world where all the employees have access to these platforms and employees are also active on these platforms. The relationship between employer and employees is less transparent in developing countries as compared to developed countries. In developing countries, employees may not be able to express themselves freely to management. It is important that management should be able to see a difference in the way social media platforms could be used as a tool of problem solving in developed countries and developing countries. For example, Microsoft can use a LinkedIn group or a Facebook group to address the problem of canteen workers of Australia. However, this may not be practically possible in India. In this world of globalization and high competition, it can be said that human resource managers have to wear the hat of multiple organizational functions. The change in the organization could be triggered from a business leader or sales head but the change could be implemented effectively only with the support of all the employees. Managers act as link between employees and management and social networking platforms enable managers to manage change in the organization (Heidenreich, 2014). Managers have to act as change agents and it would be correct to say that change management has emerged as a competency in large organizations. Any plan for development or any growth plan could have an associated change with itself. It is important for HR managers to realize and predict the magnitude of change that can come in with the implementation of plan. It is expected that HR managers would develop training and development programs to help employees to cope up with the change. Threat of social media Social media platforms definitely offers a great deal of benefits. However there are certain threats or issues that have to be addressed by organizations. The privacy of employees and data security are the biggest threats. With the use of social networking websites, there exists a threat on the privacy of individuals. People may sometimes put the stuff on these channels that they are not supposed to write. It could also be possible that employees may end up leaking the confidential information about the company on Facebook. The second threat is about the data security threat as it is difficult for large organizations to protect and safeguard the data of all the employees. With the use of social media, a large volume of data gets created every second. It is important for management of large organizations to ensure that data could be safeguarded and sensitive data is not shared in the public. There could be personal data of the employees and also the sensitive organizational data that could be leaked on these mediums. There exist ways to overcome these threats. It requires set of standards and policies that should be implemented by top management in multinational organizations. At the same time, employees should also ensure that they have to be careful while using the Facebook for personal use and while using the Facebook for professional use. The training programs would also enable employees to minimize the threat levels. It is important that large organizations should have the concept of social media training. Conclusion The above paper discussed the ways social media can enable multinational corporations to establish knowledge management system and develop employees in the organization. The above paper also discussed the benefits of social media for large organizations in terms of innovation, problem solving and change management. Social media has a lot to offer to multinational organization. It is also important that leaders should have a plan in place to use social media to full extent. Managers to communicate freely with internal and external stakeholders can use these platforms. With these platforms, employees and customers could actually be the part of same discussion group. It would help employees to bridge the gap between customers expectations and management perception of customers expectations. The communication level also increases with social media platforms and employees are able to put their thoughts freely to higher management (Grabner, 2014). It aids management in effective decision-m aking and to solve the problems. There was a time when social media channels were considered as informal channels and organizations restricted the use of these channels. Today, organizations have matured and organizations have realized that social media is a powerful tool that could be leveraged for internal development of employees and growth of the organization. It can be said that social media has enabled employers to come close to employees. With the social media platforms, managers can actually see from the level of all the employees and take the decision. These channels have provided a means to leaders to bring policies and strategies in a big bang manner. These platforms could definitely help the organizations, which have a very large number of employees located in different offices. The social media platforms provide a way that can help employees to interact with other employees in an informal manner. The platform like Facebook helps employees to break the ice and work together on a common agenda to reach or ganizational objective. References Grabner, I. (2014). 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