Empowerment of Talent Essay Example for Free

Empowerment of Talent Essay The present paper is an investigation of how empowerment of talent is being met in the present times when the entire world is going through rapid changes in almost all walks of life. The changes are bringing the countries of the world together creating a global village and it is the time of mutual gain and benefits. In this very scenario, all major players have been active in the race of competitive advantage that has spread world over. Diversity is what the world has witnessed and affected all the people either in cities of remotest villages. Technological and scientific advances are seen as the ultimate solution of the problems of the world. However, one thing that is seriously being talked about is the development and effective utilization of human capital at every area of work and society. This at once opens a wide door of arguments and conflicts between the nations especially between the developed and the developing world. This paper undertakes an extensive investigation at the issue of talent and the challenges present to the world in the empowerment and retention of talent world over. The paper looks at a number of different sources to gather a number of viewpoints to reach an analysis. In the conclusion section, the paper makes recommendation along with findings of the investigation. 2- Defining Globalization Different writers see the concept of globalization in different terms and diversified contexts. However, there is a common link between their definitions and explanation of the phenomenon of globalization in today’s discourse. For example, Samli (2002) defines globalization in the context of technological advances that have taken the entire world with a swing; other phenomenal milestones that the world has covered in the journey of globalization are outbursts of information and related technologies, common know-how that has been increasing dramatically with the advent of these new concepts, and financial flows that have seen almost every corner of the world: the rise of the corporate culture. According to the author major portion of globalization is to technological advancement of the world. The author defines technology as â€Å"the application of science to economic problems† . Technology is also important in the process of elevating general standard of living on earth. In terms of globalization technology has not only improved rapidly in the recent times, but also its transfer to the remotest areas of the world has made the overall progress a material reality. This is why people from one corner to another are connected with each other via, satellite, Internet, and so forth. Chasing the history of globalization takes us to the nineteenth century when, according to Samli (2002) â€Å"globalization was well on its way† . Such technological strides as telegraph, steamships, rail-road had back then started the process of globalization causing shrinkage for the entire world. Economies conversion with flow of capital continued as international migrations and information technology flows were driven by activities of trade and services which were constantly growing with a rapid pace. However, there are certain issues that the author brings to the reader’s attention in connection with globalization. As developing countries see a way out in globalization by benefitting from agricultural reforms and services provision (which still would be critical to their future development), it is highly required that this process be continued, otherwise the author sees a bungling up between opportunities and struggle to grow worldwide. We can sum up the definition of globalization by Samli that there are at least four important areas where this concept is fruitful for the entire world. 1) Possibilities for specialization and comparative advantage; 2) increased productivity through specialization; 3) more competition (both locally and internationally) and reduction of monopoly; 4) possibilities for transfer of technology and improved production worldwide. Hence, entrepreneurship is one answer to a number of challenges that the entire world is facing: adjustment to global challenges like empowerment of talent without fighting the war of talent is possible through the proper development of entrepreneurship