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Is the Business World Flat or Spiky - Assignment Example

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In the paper “Is the Business World Flat or Spiky?” the author looks at Singapore, which has emerged in the world market. Multinational companies hold most of the total revenue of the country although the government takes charge of the service sector…
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Is the Business World Flat or Spiky
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Download file to see previous pages On the other hand, these globalization standards are opposed by some critics and argue that globalization does not have to be a requirement for putting up a business in other countries, thus it is just a choice for entering a foreign market. Accordingly, standardization is applicable specifically to high-end markets and with accord to the market segmentation such as the trends that the young people patronize (Mullman, 2006) Regardless of the idea that globalization is mostly based on how the company standardizes the products, the home country still holds the profitability of the business as the economy affects how the foreign investors and other national sources back up the business (Stiglitz, 2006).
Maintaining a cluster in the business world depicts maintaining the local standards for the business and stands for its own goals to genuinely promote the product and not to rely on the global standard. Evaluation of the country is therefore needed to know where it stands between the two theories with regard to international business.
As a developed country, Singapore is known to be a market-based economy and is mostly driven by exporting goods to other countries together with other countries. Manufacturing is the main industry that the country promotes and almost one- fourth of the Gross Domestic Product comes from the divisions of electronics, engineering, refining of petroleum and biomedical sciences. ...Download file to see next pagesRead More
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