Social Challenges of Globalization: A Conceptual Model and Managerial Implications

This research develops a conceptual framework identifying various adverse consequences of globalization, the globalization aspects/processes underlying these consequences, and the social challenges resulting from these consequences. A Socially-Responsible Globalization Strategy (SRGS) is proposed for businesses to deal with the social challenges of globalization. SRGS basically implies a long-term, societal-interest driven approach in the design & execution of global production/manufacturing and global consumption/marketing decisions.