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What is Globalization - Assignment Example

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This paper "What is Globalization?" focuses on the world that has been observing a totally different scenario because geographical distances are reducing due to development in telecommunications and technologies. These changes and developments have decreased the barriers to cross-border trade.  …
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What is Globalization
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What is Globalization

Download file to see previous pages... In the perspective of international business, its impacts range from manufacturing, production, promotion, consumption, commercial exchange, and distribution.
Large companies go for internationalization (i) To grow the size of its marketing and operations (ii) To gain new skills through host country workers (ii) To increase its strategic assets and profit. Small and medium-sized companies internationalize (i) To increase their revenue (ii) to utilize the resources in host countries which are not locally available
In individualistic cultures, individuals are more oriented towards personal objectives rather than the benefits of the community or group while in collectivist cultures; people usually have more associations with the interests of the groups like national interest, family interests, and community perspectives.
Economists generally measure the economic performance of a country by considering it GDP rate, inflation rate, unemployment rate, foreign currency reserves, currency exchange rates, national income and growth rate per capita, and balance of payment.
Ethical consumerism, transparency and trust, employee motivation, increased public expectations of business, laws and regulations, crises and their consequences, and stakeholder priorities are the basic motivational factors behind the global corporate responsibility.
From manufacturing to sale in the competitive markets, each and every new product has to pass through a series of stages. It includes introduction, growth, maturity, and decline stages. In a corporate world, these sequential stages are known as Product Life Cycle (PLC). Since Product Life Cycle is closely connected with continuous changes in local and global markets, therefore, it has direct effects on the business plan, corporate strategies, and marketing mix.
Blue Ocean Strategy is actually an attempt made by some new or unknown industry or product to capture an uncontested space in the market.  ...Download file to see next pagesRead More
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According to the research findings globalization is of great significance in contemporary societies. When looking at its impacts, it is apparent that globalization is transforming contemporary societies. This is because globalization has had positive impact in nearly everything ranging from, economies, cultures, information flow, governance, criminal investigation, among others.
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This is from his book at http://africanliberty.org/pdf/GLOBAL%20CAPITALISM.pdf But the page is xiv, as I stated before. The citation is from introduction. Wolf in “Why Globalization Works” (2005) is even more radical and argues that “the market is the most powerful institution for raising living standards ever invented indeed there are no rivals.
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Globalization, Its Significance to Challenges of Development and Key Debates. Globalization and related development were considered as the wave of the future when they first appeared to unite countries into one global economy for the mutual benefits, which presumed global integration and interdependence in the technological, economic, social, cultural, ecological and political spheres.
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This means that consumers in different parts of the world have access to the same goods and services. This has enhanced standards of living in developing economies. Globalization has enabled companies in the developed economies to seek business opportunities in the developing economies where demand is growing.
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Globalization and Anti-Globalization
The layman's perception is predominantly confined to economic aspects of globalization, which is a very narrow perspective and is mostly confined to a mere expansion of trade and investments. However, the process of globalization has much wider implications that go beyond the mere internationalization of markets.
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