StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The size of a company is not important for global trade nowadays - Essay Example

Cite this document
Summary
The size of a company is not much important at present especially in the era of globalization as people value the customer service and quality of the product rather than the reputation of the company. Current customers have lot of options and they will no more go after a…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
The size of a company is not important for global trade nowadays
Read Text Preview

Extract of sample "The size of a company is not important for global trade nowadays"

The size of a company is not important for global trade nowadays The size of a company is not much important at present especially inthe era of globalization as people value the customer service and quality of the product rather than the reputation of the company. Current customers have lot of options and they will no more go after a particular brand or product because of its reputation in the market. Global trade is not much influenced by the size of a companyProducts or companies which are able to meet the needs and wants of the people will excel in the global market.

For example, Sony Corporation ruled the electronic equipment industry earlier because of the immense customer faith consumers have in it. But currently lot of other substitute electronic products with superior quality and cheaper price, from different parts of the world are available in almost every local market in the world because of globalization and free trade policies adopted by many countries. For example, Chinese products are causing immense damages to the reputed brands because of the cheaper prices.

Global trade have big impacts on employment, community and the economy of a country. It is difficult for a country to stay away from global market at present because of the inter-linkage of global economies because of globalization. Any problems occurred at some part of the world can cause problems in other parts as well. For example the American financial crisis has resulted in many people losing their jobs including those from overseas countries. The persons returns from America will be a burden for other countries and those countries need to spend heavy amounts for the rehabilitation of such people.

Global trade can impact other communication media also. Internet media (blogs, message boards, podcasts, and video sharing), radio networks, mass-circulation newspapers and magazines all are part of global trade. Globalization boosted the global trade and communication with the help of integration of regional economies, societies, and cultures. For example, reality shows were earlier popular in America and UK like countries. But the increased awareness about the western culture because of global trade activities resulted in exchange of cultural values and reality shows like television programs are nowadays popular in India, Pakistan and Middle Eastern countries.

“The greater financial interdependence of national economies can also increase insecurity among rural populations” (Winkels). Rural population mostly concentrate on agriculture for finding their livelihood. The prices of their crops are inter-linked with the prices of similar crops in other countries because of global trade. For example, coconut oil is extracted from coconuts and coconut growers like to have higher prices for the coconuts they produced. On the other hand if the coconut growing countries import palm oil from other countries as part of global trade, the prices of the coconuts will come down which will affect the coconut growers.

In the urban sector also the competition will become stiff when the global trade activities increase. So the governments should plan proper strategies for their rural and urban sector before going after the global trade blindly. Global trade can influence the global politics and security also. The increase in exchange of workforce and products between countries can cause threats to the security of a country even though it is beneficial for the cultural integration. In short, global trade activities are not much connected to the size of a company.

It can influence global politics, security, culture, employment, community and the economy of a country in many ways. Works cited1. Winkels, Alexandra. 2008. “Mountain Research and Development”. 7 March 2010.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The size of a company is not important for global trade nowadays Essay”, n.d.)
The size of a company is not important for global trade nowadays Essay. Retrieved from https://studentshare.org/miscellaneous/1563749-the-size-of-a-company-is-not-important-for-global-trade-nowadays
(The Size of a Company Is Not Important for Global Trade Nowadays Essay)
The Size of a Company Is Not Important for Global Trade Nowadays Essay. https://studentshare.org/miscellaneous/1563749-the-size-of-a-company-is-not-important-for-global-trade-nowadays.
“The Size of a Company Is Not Important for Global Trade Nowadays Essay”, n.d. https://studentshare.org/miscellaneous/1563749-the-size-of-a-company-is-not-important-for-global-trade-nowadays.
  • Cited: 0 times

CHECK THESE SAMPLES OF The size of a company is not important for global trade nowadays

Corporate Social Responsibility and Globalisation

Even nowadays, the long-standing issue still reverberates through the halls of international corporations across the globe: “If it is legal, does that make it ethical?... hellip; Hence, numerous multinational companies (MNCs) should discover means to deal with the problematic endeavour of choosing the ideal ethical practice for a particular organisation on a global level (Sims 2003).... Confronting the growing environmental issues in the current global marketplace, MNCs are aggressively or constructively taking part in strategic programmes towards resource management and environmental preservation....
8 Pages (2000 words) Essay

Corporate and Global Strategy

With the creation of economic blocs, trade unions, and free trade zones, trade barriers have been significantly reduced or even eliminated facilitating the inflow and outflow of goods, capital, and even services in different geographical boundaries.... Country drivers include trade barriers, technical standards, and cultural and institutional barriers.... 07), analyse the global automobile manufacturing industry in 2007....
13 Pages (3250 words) Essay

International business and International Trade

nowadays, most companies do business worldwide.... A paper "International business and International trade" outlines that consumers since they have to access to products from different countries they exercise pressure to the local companies in terms of offering more modern and cheaper products or simply of importing foreign products.... hellip; International business concerns international trade....
6 Pages (1500 words) Coursework

The Advantages and Challenges of Export Marketing

This export marketing research basically involves gaining knowledge and information about the following topics regarding the foreign markets: the size of the market and its segmentation; Regulations and legislation in the foreign market; Needs, attitudes and usage of the customers; Available distribution network; The market trends followed; Activities of the competitors along with their strategies and performances; How to Enter into an Export Market It is a very important decision for any domestic company to enter the export market....
5 Pages (1250 words) Term Paper

Computation finance

Dark pools are made up of three types, including where the independent entities create a distinctive and differentiated means of trading, those that are owned by brokers allowing the clients of the broker to trade amongst themselves in anonymity, and those created by the public exchanges themselves, meant to give their customers a chance to enjoy trading in anonymity and hiding of orders while trading....
12 Pages (3000 words) Essay

Export Marketing: What You Need to Do To Go Global

For the success in export marketing, a company needs an effective way to market and distribute its goods and services in the export market.... nowadays, in most of the countries worldwide, governments are encouraging their domestic companies to go global to expand their business extents and fulfill the requirements of overseas customers along with its domestic ones.... hellip; Typically, export is used for trade or sale and it, therefore, is an important part of the international trade....
6 Pages (1500 words) Assignment

Inbound Marketing in Travel Trade Industry

In today's world, to remain in the competition with other companies, a company is bound to have its customer service to maintain healthy relationship with their clients.... The most important aspect of inbound marketing for a travel trade company is to present the service packages attractively in order to attract the customers who are calling them.... It is considered as the best marketing practice nowadays, as customers usually have lots of queries....
12 Pages (3000 words) Research Proposal

Ethical Issues in Technology

This topic identifies the ethical dilemma experienced by employees as they experience challenges from their employers, who nowadays enjoy significant authority and opportunity to check their employees' personal and private data.... In other words, most employees nowadays prefer using their personal e-mail accounts for the transfer and receipt of information that they consider to be private.... Due to this practice, employees have been knowingly or unknowingly ended up revealing their respective company's trade secrets to third parties (Stamatellos, 2007)....
5 Pages (1250 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us