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The Birth of Globalisation Concept - Literature review Example

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The paper "The Birth of Globalisation Concept" describes that the view of Hollensen (2011) that born global firms are management by visionary leaders who see the world as a single and holistic marketplace is useful for companies seeking to expand internationally…
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The Birth of Globalisation Concept
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Download file to see previous pages For businesses to see themselves as being born global, they must have what it takes to expand internationally, including the ability to overcome some of the most basic barriers and challenges to global expansion (Ahlstrom, Young, Chan & Bruton, 2004). This paper, therefore, discusses the assertion of Hollensen (2011) from a perspective where the concept of born global is transferred into the larger business world. The drivers and barriers to internationalisation shall also be discussed, as well as the key factors that businesses have to consider when they are globalising. Finally, the paper looks into the major management decisions that affect the internationalisation of businesses and how these management decisions can be taken in the right context to ensure the promotion of prudent management practices within born global businesses.
The concept of born global has largely been championed by Hollensen (2011) who sees the most distinguishing feature of born global firms as the leadership of these companies, where the leaders are thought to be entrepreneurial visionaries who see the world as a common marketplace with no restricting borders. Through the vision of these leaders of the world as being a single marketplace, internal structures and policies are put in place to ensure that business is done in these firms in a manner that is embraced by the larger global audience. Peng (2007) posits that there are a number of ways in which the idea of born global can be transferred from being a theoretical concept into a practical concept. There are four major modalities that have been noted to be needed when transferring the idea of born global from a theoretical basis into a practical one. These are producing to meet global standards, producing to meet global demand, producing with a global competence human resource, and having a global resource base to maintain production (Alvarez & Busenitz, 2011). ...Download file to see next pages Read More
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