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Which Is More Convincing: Market Or Regulatory Approaches To Globalization - Research Paper Example

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This research will begin with the pros of market approaches to globalization such as market approaches to globalization reveals most about social relations when it is understood as the spread of connections between people in the global market…
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Which Is More Convincing: Market Or Regulatory Approaches To Globalization
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"Which Is More Convincing: Market Or Regulatory Approaches To Globalization"

Download file to see previous pages It is evidently clear from the discussion that market globalization has rendered methodological territorialism useless. In the modern world, it is no longer possible to comprehend geography in terms of territorial spaces alone. Important aspects of social relations in the market now transcend territorial areas. Organizations are now able to reach consumers in different social stratification across the world. Further, the market approach to globalization has brought about effective competitions among various organizations. Competitive success is not realized simply by gaining an advantage in or more value activities in the global market, it involves maintaining such an advantage. Sustainable advantage is the main reason behind the core of successfully implementing the competitive strategy. Market sustainability must be strived for. Organizations should rely on investments is assets related to key parts of the value chain that create entry barriers for new entrants in the market. Market approaches to globalization have brought about improved connectivity across different territories of the world. Various organizations can now reach a wider market in the world. Bigger market coverage ensures that organizations generate more revenues necessary for their survival. In addition, it ensures that organizations compete favorably to win consumers. The expansion of supraterritorial spaces has interrelated with certain turns in capitalist production, bureaucratic governance, identity politics, and rational knowledge. In so doing, organizations create mobility barriers that prevent rivals in their strategic groups from replicating the sustainable competitive advantage that characterizes their group. Consumers will always avoid using products and services whose management structures are still bureaucratic, practices divisive politics and takes decisions irrationally. ...Download file to see next pagesRead More
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