MN7181 - People & Organization - Develop Capacities as Knowledge workers in Banking Sector ( effects of Globalization )

Globalization , the term that have effected to change many definitions and interpretation of current situation .Globalization trends could be seen to each & every segment of existence & its is obvious that any field which is not make direct or in direct contract with the term is no longer could find its survival in current context . 

Many Visionaries and researchers have predicted that knowledge would be much useful than mechanical or physical force more than 50 years ago .Current trend have witnessed that the higher contribution for impact or correlation effect on overall goal achievement would be knowledge more than any era .

Industries have flourished after Industrial revolution of 19th Century  and many businesses were evaluated with its effects .Banking has ever been a crucial factor with emerging transnational purposes , Offering Credit for local & overseas , Interference for import & export business .This blog will be discussed on Impact of transformation of banking employee perspectives towards knowledge as effect of Globalization .  

Resource : Audiopedia.com ( 2016 ) 

Definition of Knowledge Worker , 

• Workers population whose base their professional activity on the knowledge . igi -golbal.com , ( 2017 ) 
• A knowledge worker is anyone who works for a living at the tasks of developing or using knowledge. For example, a knowledge worker might be someone who works at any of the tasks of planning, acquiring, searching, analysing, organising, storing, programming, distributing, marketing, or otherwise contributing to the transformation and commerce of information and those (often the same people) who work at using the knowledge so produced.  Drucker P F ,  ( 2011 ) 
• Individuals who routinely identify, process, share, and apply new information and knowledge as a part of their daily work .Druker P .F , ( 2017 

Resource : artandtechnology.com ( 2016 ) 

Reflection 

HSBC , Citi Bank , Standered Charted Bank , Overseas Bank of India , Deutch Bank , ICIC Bank are few Examples of few cross national Banks or rather Multi national Banks which are established in SL .These banks have established here in due to few purposes more than bottom line impact ( Profit ) .As effect of Globalization , establishment of multi National corporations have high in lsland & those giants are having corporate relationship with these Banks as their agents of moving funds & been the secure media of all electronic transactions .As a result many locals have received  opportunity to serve in these Banks as Knoweldge Workers.Thier main task would be adopting Data 's to information on understanding KYC Process , Linking with opening of LC to  CUSDEC Clearance of of Clearing shipped Goods .

Source : Thepostiveencourager , ( 2016 ) 

As per observations special trade related activities of banking field required much usage of globalization effects as its cope up with international transactions .

CBSL ( Central bank of Sri Lanka has thus stress the importance of controling electroni Funds Transfer where a one major effect which has totally changed the banking concepts .Further this has opned many electronic platforms to open up the Virtual banks where you meet customer only through Laptop screen & Customers would not have to stepped to Banks physically to perform any transactions.One such major improvement was Easy Cash launched by Dialog recently & it was seen that they operates the on line cash flow bigger than some of the early banks who have island wide networks .

References : 

• igi-global.com. 2017. Relations between knowledge. [ONLINE] Available at: https://www.igi-global.com/relations-between-knowledge-acquisition-forms/16493. [Accessed 6 January 2020].
• Drucker, P.F., 2011. Landmarks of tomorrow: A report on the new. Transaction Publishers.
• http://www.theaudiopedia.com. (2016). what is Knowledge Worker ?. [Online Video]. 6 January 2020. Available from: https://www.youtube.com/watch?v=7AU2rnJ6LrI. [Accessed: 6 January 2020].
• thepositiveencourager, (2016), knowing-how-to-manage-knowledge-workers/ [ONLINE]. Available at: https://www.thepositiveencourager.global/k-is-for-knowing-how-to-manage-knowledge-workers/ [Accessed 6 January 2020].
• dunning-cruger effect, (2016), graph of effects of knowledge [ONLINE]. Available at: google.com/search?q=graph+of+effects+of+knowledge+worker&rlz=1C1EXJR_enLK882LK882&sxsrf=ACYBGNTR28YSvECnQjoUogyYZU_oig_njw:1578333098334&tbm=isch&source=iu&ictx=1&fir=ljYDHbRFpyCHTM%253A%252CWExzz4rE5y5HaM%252C_&vet=1&usg=AI4_-kQbZnkS3NctRC65tKgkTqxb6XBFhw&sa=X&ved=2ahUKEwjVi6f9xO_mAhWMbn0KHXECDDcQ9QEwAnoECAYQDA#imgrc=aVm7fP-HV2Z7xM:&vet=1 [Accessed 6 January 2020]