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Abstract
Globalization has taken center stage now a days. In today’s new era of complex business environment, Organization has to face many new challenges. To deal with new challenges and complexity of businesses, Organization has to adopt new theories and practices of management to achieve their own set strategic goals through which it will able to survive in national economy as well as in world economy.
Along with the fastest growing world economy, management practices keeps on changing. Old practices of management has been transformed through innovation. From above context the main purpose of this paper is to enlighten the new methods and technique in management to meet the standards of global markets. And to understand the challenges of globalism on business.