Nobody downloaded yet

Impact of globalization on the cultural environment of business China - Essay Example

Comments (0) Cite this document
Summary
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…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96% of users find it useful
Impact of globalization on the cultural environment of business China
Read TextPreview

Extract of sample "Impact of globalization on the cultural environment of business China"

Download file to see previous pages 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 ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Impact of globalization on the cultural environment of business China Essay”, n.d.)
Retrieved from https://studentshare.org/business/1393364-the-global-context-of-modern-business
(Impact of Globalization on the Cultural Environment of Business China Essay)
https://studentshare.org/business/1393364-the-global-context-of-modern-business.
“Impact of Globalization on the Cultural Environment of Business China Essay”, n.d. https://studentshare.org/business/1393364-the-global-context-of-modern-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Impact of globalization on the cultural environment of business China

International Business Environment: Globalization And Democracy

...? INTERNATIONAL BUSINESS ENVIRONMENT Introduction Strinidal is an industrial island whereby oil, natural gas, agriculture and industry are the major exports. It has a population of 1,252,800 people and 35% of them live in urban areas. The International monetary Fund and the World Bank have argued it to venture into globalization to increase its business operations so as to reduce its dependence on financial aids (Wallerstein 2004). For Strinidal to expand its businesses to other nations it has learned of the environment of the global markets. There are also factors that will affect international business,...
11 Pages(2750 words)Essay

Impact of Globalisation on the Cultural Environment of 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. It involves distribution of the services and the goods in the global marketplace. Globalisation also reduces the trade barriers such as, import quotas,...
10 Pages(2500 words)Essay

Cultural impact of globalization

...Cultural Impact of Globalization The phenomenon of globalization began in the ancient days with colonization as countries sought to conquer the less developed countries. This caused interdependence among countries which in the modern environment has been propagated by the exchange of ideas, people and capital. This has caused significant impact on people’s economic, social, technological, political and cultural aspects. This paper focuses on the cultural effect that globalization has had in the modern world appreciating culture as way humans exist in a community...
10 Pages(2500 words)Research Paper

Global Business Cultural Analysis: China

...? Global Business Cultural Analysis: China < < Since 1978, when China’s reforming premier, Deng Xiaoping,unveiled a raft of new economic measures which have contributed to the transformation of China into today’s powerhouse of manufacturing, foreign companies have been welcomed back to China in some sectors, to provide capital, technology and skills. However, ‘China has allowed foreigners in only on its own terms, and these terms are often opaque, contradictory, and bewildering’ (McGregor, 2005, p.xvii). Due to the cultural gulf between China and the United States, and specifically the vast differences between the styles of doing business in the two countries, some prior understanding of Chinese culture is a basic... with US culture and business and what are the implications for US businesses that wish to conduct business in that region? 3.1 Communication 3.2 Religion 3.3 Ethics 3.4 Values and Attitudes 3.5 Manners and Customs 3.6 Social Structures and Organizations 3.7 Education 1. What are the major elements and dimensions of culture in this region? 1.1 Communication Personal contacts, or guan xi, are highly-prized, and form the basis on which all successful Chinese business is conducted. In the West, contracts and written agreements are the basis of most business deals, but in...
15 Pages(3750 words)Research Paper

Business Globalization in China

...TABLE OF CONTENTS INTRODUCTION: PURPOSE AND IDEAS 3 2. BACKGROUND: INTEGRATING WITH THE WORL ECONOMY 3 3. SOCIAL CUSTOM AND BUSINESS CULTURE 44. TAXATION IN CHINA 5 5. FINANCIAL TRANSACTIONS 5 6. CONCLUSION 5 1. INTRODUCTION: PURPOSE AND IDEAS This business report aims to provide a comprehensive guide of the economy, business and culture of China for foreign nationals. Along with globalization and integration with the world economy, the volume of interaction between China and other economies has increased drastically. China also provides a lot of compelling reasons that...
3 Pages(750 words)Essay

Business in its cultural Environment

..., at which time it seemed Airbus intended to develop a single company culture on the basis of commonalities shared by its multi-national personnel. It is indubitable that both transnationality and national culture both affect the choice of corporate governance modes (Homburg, Cannon, Krohmer & Kiedaisch, 2009). The dilemma lies in how much, and what type, of interference is allowable. Conflicts between government policy and business policy are not confined to economic patriotism. An example is the dilemma of Google operating in a country that represses free speech, such as China. Google has determined that penetrating the Chinese market is vital for its survival 20...
12 Pages(3000 words)Essay

Analyze the business environment of China

...The Business Environment in the People’s Republic of China Trends in Chinese Economy and Investments As of 2007, China has a population of 318 billion with a gross national income per capita of US$2,370 (World Bank 2009a, p. 1). Between 1990 and 2005, poverty in China fell from 60 to 16 percent (World Bank 2009a, p. 2). An increasing population with a decreasing poverty rates imply that individually, Chinese have a higher disposable income and the China, as a whole, is a large market for food, manufacture, and services. Even if this alone is the consideration, it is easy to see that there are good merits for investing in...
11 Pages(2750 words)Essay

Global Business Cultural Analysis, China

...they will doubtless meet there. Leppert, P. (1994). Doing Business with China. Fremont: Jain Publishing. Leppert’s work bears comparison with most of the works listed above, in terms of its mixture of practical advice and explanation of the cultural phenomena in contemporary China. He writes at length on the importance of the family, and of the impact of age-old philosophies on attitudes to hierarchy and age in China today. There is also a large volume of factual information, about, among other things, Chinese festivals and how they impact the business environment, the requirements for...
4 Pages(1000 words)Annotated Bibliography

Cultural Environment of International Business

...Cultural Environment of International Business When working in a global business environment, knowledge of the influence of cultural differences is one of the keys to international business success. Regardless to the industry in which you operate - finance, technology, or computers, and consumer electronics, global cultural differences are a direct impact on you and the profitability of your business. Improving levels of cultural awareness can help companies build international competencies and enable individuals to...
2 Pages(500 words)Essay

China and Globalization

...dominance. The political and economic emergence of China in Asia has been one of the most important developments in the history of the region, and perhaps the entire world. The continuous progress of China is still a complicated and perplexing challenge for U.S. officials, intellectuals, and the people. Deciphering the Chinese enigma and the effective ways to deal with the continuous progress of China will remain crucial to American interests and international success, security, and stability. This is specifically real for American leaders, who will wield a substantial impact on the way China adjust and assimilate into the global...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Impact of globalization on the cultural environment of business China for FREE!

Contact Us