China was a perfect economy to facilitate this kind of study because of its impact in global trade. This study continues to focus more on changes in cultural environment of Chinese business due to Globalization and concludes that globalization has negative and positive effect to the business environment…
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China’s economy has shifted from being developing to being the fourth largest economy in the world. This is attributed to the high capital flows across its borders and hence, globalization. Globalization has had substantive impact on the business environment in Chinese organizations. The following paper critically investigates and analyses globalization’s impact on the cultural business environment in Chinese organizations.
Globalization is viewed differently by economists and business leaders. According to Lui, Anti-globalists views capitalize on the cons of this phenomenon which include employment insecurity associated by production shifts. Another major minus of globalization is pay cuts due to increased competition associated to opening up local markets to global competition. Lastly, global companies are associated with social injustices in their business practices and unfair working conditions such as slavery and mismanagement of the environment. Pro-globalists maintain a strong view that globalization lead to higher standards of living. They argue that competitive markets lead to more efficiency in resource utilization, elimination of monopoly markets and how it promotes democracy all over the world.
To understand what net impact globalization has, it is vital to appreciate that globalization refers to a process based on the formation of a single market of goods, services and factors of productions, including capital, labor, technology and natural resources, covering all the economic regions of all countries. The two main aspects which led to the sudden transformation were sophistication in information technology field and innovation of internet.
In this process, national and international markets are combined in to a single complex whole. In the world economy, globalization lead to an increased dependency on different
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“Impact of Globalization on the Cultural Environment of Business China Essay”, n.d. https://studentshare.org/business/1393364-the-global-context-of-modern-business.
Impact of Globalisation on the Cultural Environment of Business Table of Contents Introduction 3 Findings 4 Theoretical Framework of the Analysis 4 Analysis of the Evidences Related to Globalisation 6 Microsoft 9 Globalisation at Microsoft 11 Impact of Globalisation in Microsoft 12 Conclusion 13 13 References 15 Introduction Globalisation refers to the process of building global relationship among people, economy, and culture of different countries.
This paper focuses on the cultural effect that globalization has had in the modern world appreciating culture as way humans exist in a community expressed through different forms of their lives. The focus would be on how globalization has caused the emergence of new global professions, pop culture and global village.
Globalization in china. Globalization is a necessary process that the whole globe should embrace. Language globalization, legal globalization, cultural globalization and even economic globalization are some of the dimensions that globalization may be experienced.
The impact of globalization on the multinational corporations Introduction Reich (1998) defined globalization as a process through which the activities done in one part of the world affects people on other parts of the world (Reich, 1998, p. 5). It is difficult to define globalization in few words because of the complex parameters involved in it.
This paper deals with the UAE based company, Kids R Us, as they have chosen the Chinese market for their business expansion. The key reason for choosing China is its growing market. China as a country has been the largest manufacturer of toys. This is precisely the reason why UAE has chosen China as its new market.
Globalization empowers a view for the entire world as a whole irrespective of the national identity and thus globalization has narrowed the world by bringing people of all nations closer (What is globalization).
Enabling people of one nation to communicate with those of the other nation(s) is the biggest achievement in terms of globalization and development.
The researcher sees that globalization can be elucidated as ‘An open economic system’, with policies of ‘Non-discrimination’ in business and trade practices between countries, thereby producing ‘Global brands’, (for example, coca cola and McDonald’s) and ‘Global structures’ of companies which were initially local or national.
China also provides a lot of compelling reasons that makes it an attractive business destination. However, there is a distinct lack of awareness and information about Chinese business customs, commercial trade, government system and people's quality of life among foreign nationals.
There is a need for recognizing the rising communication complexities across cultural borders. The researcher identified the statement of the problem by revealing the way many companies have made significant efforts of expanding their business in the in the global market, but many of them fail because of poor communication across diverse cultures.
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