Globalization on the Strategic Components Research Paper

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Today, the national elites, still existent, interact globe wide through knowledge. These knowledge based interactions have led to the creation of an "intercontinental techno-culture that transcends national boundaries" (Etemad and Wright). And this new technological culture is present not only at the level of the national elites, but also at the level of economic agents. The more powerful an economic agent, the more intense his efforts will be in the direction of using technology to transform knowledge into core competencies and competitive advantages.

Another interesting aspect of the strategic components of knowledge management is that they could only be promoted through the advances brought about by the forces of globalization. There are two most relevant examples in this direction. The first is the indubitable role played by information technology and communications. With the aid of these advancements, information could easily be transferred from one global location to the other. This increased access to information then created more opportunities for individuals as well as economic agents across the globe to seize new opportunities.

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The second component of globalization which promoted knowledge management was the creation of a new infrastructure. Through the new and improved roads, bridges, airports, telecommunications lines and so on, economic agents were better able to expand their operations globe wide, without encountering geographic barriers. This situation led to the social and economic development of several regions. Within the organizational context, this new knowledge, generated by globalization can be used to further improve the outcome of the company, but also to support the future development of the region (Tkach, 2003).

While it is generally accepted that globalization has supported the propagation of knowledge management, it should also be recognized that the phenomenon of values internationalization has posed some additional challenges on the management of intellectual capital. These refer primarily to the new barriers encountered, such as cultural barriers, legal barriers or organizational barriers (McDonald, 2001)......

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