This section presents the overview of the researches and studies conducted in order to explore the impact of the globalization on different aspects of businesses. With the help of this review of literature, it has been concluded that there are mixed views about the impact of globalization on the business…
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There has been increasing emphasis on the impact of globalization on the small businesses all over the globe. On one hand, it is perceived that globalization is beneficial for the growth and development of the overall global economy. But, on the other hand, according to some of the analysts globalization have negative implications for different organizations and economies. There have been several research studies in order to understand and explore the impact of the globalization.According to the research study conducted by Julien, Joyal, and Deshaies (1994), that small and medium enterprises (SME’s) in the small regions of Quebec started to take different defensive measures and secure their competitive position in the market in response to the Free Trade Agreement (FTA) of 1988 between United States of American and Canada. This research study also concluded that the main challenge for the Small and medium enterprises (SME’s) in the era of globalization and free trade is to come up with effective and efficient strategies in order to respond to the increasing competition from the organizations all over the world.Another important aspect of globalization is related to the changing technology and its implications on the business. In this regard, Dholakia & Kshetri (2004), conducted research for identifying the different factors which influence the internet adoption process of the Small and Medium Enterprises (SME). For this purpose, the researchers conducted a mail survey in order to test the research hypothesis. This research study concluded that there are several internal and external factors responsible for the adoption of the internet in Small and Medium enterprises (SME). However, most prominent external pressure in this regard if of the increasing global competitive pressure. The research study could have been able to generate more comprehensive results if it would have included the adoption
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(“Impact of Globalization on Small Businesses in Canada Research Proposal”, n.d.)
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(Impact of Globalization on Small Businesses in Canada Research Proposal)
“Impact of Globalization on Small Businesses in Canada Research Proposal”, n.d. https://studentshare.org/business/1442717-globalization-in-small-business-in-canada.
It is critical at this point to note that in Canada due to the technological advancements around, advertising is more widespread and reaches more people than ever, and the pharmaceutical industry has taken full advantage of this. A deep and thorough analysis and understanding of the various prescriptions drug promotion methods (advertising methods) used by pharmaceutical companies is necessary to design policies that regulate these practices to prevent the public’s exploitation by the highly aggressive and profit oriented pharmaceutical companies.
The notion of globalization significantly confronts with the issues related to technology, market, demands for up-surging growth and productivity in the economic context nationally as well as globally. The term has gained much significance in recent times, which was initiated during the end part of the Middle Ages in the continent of Europe (Sheel, 2013).
A small business is a business that is privately owned and has a small number of employees. Globally, globalization ahs affected the operation of many small businesses as they have made the m to change their operations and venture into markets (Go?gl, Hans-Joachim & Clemens 67).
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I've chosen this particular topic as it has been seen that challenges such as homelessness, unaffordable rents and similar monetary needs are faced by most of the individuals of Canada.
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The state is the most urbanized the country. Despite these statistics, the major industries in Tamil Nadu continue to be small and medium based industries that thrive on the trade of agricultural commodities like rubber and flowers among many others. The principle and the most successful among these being the Rubber Park, Apparel Parks, Floriculture Park, TICEL Park for Biotechnology, Siruseri IT Park, and Agro Export Zones among others.
ategic management in small firms pertains to business planning approach within such companies rather than on the study of management processes and the development of strategic management within smaller entities (Mazzarol, 2004).
This paper is devoted towards the development of