The global village concept has fuelled soft capitalism and the rise of the ethos in this field within organizations. Let us first understand the basis of globalization. While not so different from traditional villages in its desire to engage in a free exchange of ideas, the global village is one that thrives on the communication and transportation infrastructure that seems to be binding the world into one large, happy family'.
What had started out as a speculation on the part of Marshall McLuhan in the 1960s, regarding the fact that the world was being transformed into a global village in the face of TV and new telecommunication technologies, has become a debate of much greater dimensions. His prediction has gone past mere telecommunication technologies, to an arena where a new wave of digital technologies personified by the Internet and its offshoots, are proving to be as much a force for diversity as they are for similitude. While the spread of TV, radio and the telephone helped transform the third world countries to a great extent; a trend furthered by the advent of cell phones - the impact of the Internet has been the greatest in its reach and in fostering ties in the global village context. (Saffo,1990; Pp 7 to 14)
To answer the question of whether or not the world has turned into a global village in a single word, I would have to say yes. As we find the world shrinking, in terms of boundaries as well as the spread of knowledge of various cultures which further binds us all together; the media would have to be the prime accused'. While international stories and advertorials have a ring of sameness to them, it is the details which keep changing the world over. The radio and print media on their part, have simply cemented such trends with their far reaching effects in any and every country. To put it in terms of dramatics - newspapers make and break personalities and empires every single day of their existence. The Internet takes things several steps further as it provides valuable personal communication and interface for exchange of knowledge and ideas, on a much larger scale, in a much easier way.
[...] (1991), The Work of Nations: Preparing Ourselves for 21st Century Capitalism, London: Simon and Schuster. Robson, J. (December 1998), Profession in Crisis: status, culture and identity in further education college.” Journal of Vocational Education and Training pp.585-607. Schon, D.A. (1987), Educating the Reflective Practitioner: toward a new design for teaching and learning in the professions, San Francisco: Jossey- Bass. Usher, R.S. and Bryant, I. (January 1987), “Re-examining the Theory- Practice Relationship in Continuing Professional Education.” Studies in Higher Education pp.201-212. [...]
[...] Conception of a Relevant Training Strategy for Therapeutic Mode of Soft Capitalism The conception of training has a strong nexus with terms like symmetry owing to the fact that it depends of a foolproof organization of facts and material that will lead to the formulation of the most effective training strategy along the lines of the model discussed for soft capitalism. This symmetrical training strategy is a perfect one I have used for analysis that will reveal the benefits of training and development within the organization. [...]
[...] (Dominique et al, 2001) As far as the scope of knowledge management goes, information within soft capitalism has various dimensions in terms of factors that influence the scope and process of knowledge management. These factors are as follows: Source: Skyrme (1999) This diagram helps us focus on the contextual elements of knowledge management that may be applied to cases discussed in the previous chapter for soft capitalism. These elements further help in codifying information through a focus on knowledge centers which helps in garnering intelligence throughout the organization. [...]
[...] (Stinchcombe, 2001) The McKinsey Mind This book points to soft capitalism as well. In the world of business administration that is relatively new, there are new changes and revolutions taking place almost on a daily basis. These pertain to the operational realities of the activities connected with management and other complementary theories like ‘thoughtware' and globalization. Literature has become one of the foremost ways of keeping abreast of such key trends and changes for managers. One such that is being reviewed in this paper is titled McKinsey Mind”. [...]
[...] While there are various frameworks for studying this management control system, this paper will describe the 10 year old longitudinal field study that can be applied to the therapeutic aspects of soft capitalism through the frameworks laid down by Simons (1995) and Ferreira and Otley (2005), where both deal with formal systems based approaches as opposed to the informal, social or cultural forms of control. Even though the disciplinary separation between comparative policies and social relations within the organization has been regularly challenged, in the traditional theories it continues to persist as a result of institutional inertia and hiring practices. [...]
Online readingwith our online reader
Content validatedby our reading committee