Taking a Look at Globalization - 2172 Words

Globalization: Globalization can be seen as reduction in barriers between countries. Globalization has opened the world market for international trade. The movement of globalization have contributed to the spread of knowledge, culture, technology, and information across borders. The increasing role international expansion across border has also increased the focus of multinational corporations to international business strategies. Organizations today in developed nation or in developing nation are going international due to increase in competition. They want to expand their limits beyond local region. Competition in domestic market and pressure to expand the business are the few reasons for the globalization. The following are the few†¦show more content†¦c) Legal Environment: It is important for any multinational corporation to be aware of the law and framework of the country. Multinational corporations should adapt and understand the law and mend their operations according to it. d) Technological Environment: Technology in 21st century is improving every second. The advancement in technology is one of the main reasons for globalization. An organization should analyse the level of technology used by the foreign market. Technology of other nations is important to understand to survive in it. Market entry strategy: Multinational corporations of emerging market are adopting strategy for globalization. It is difficult for any multinational corporation to directly enter any world market because the level of risk involved is very high. There are few entry strategies adopted by many multinational corporations to enter new countries and regions which involve less amount of risk. There are many strategies to enter a foreign market and the following are few important strategies adopted by MNEs of emerging market 1) Exporting: An export is no new word to international trade. Exporting `There are many multinational corporation who is in exporting business since decades. This method is very simple and the level of expense involved is very cheap. One of the best advantage of exporting is it allows the corporation to realize the foreign location and help them to knowShow MoreRelatedThe Cartoonist : A Cartoon From Gibbleguts.com1402 Words   |  6 Pagespeople who protest globalization. In the cartoon, a man is standing and holding a sign that declares, â€Å"STOP GLOBALIZATION NOW!† This man has arrows and words around him indicating where his material possessions were made; his glasses from Singapore, his shirt in China, his shoes in Indonesia, and so on. In addition to being dressed in an outfit that does not look like something that would be worn on a regular basis, the man is also being mocked for the stance he takes on globalization. He protests theRead MoreThe Drawbacks Of Globalization920 Words   |  4 PagesYou either hate it or you love it. Globalization. Has its benefits and has its drawbacks. Do the benefits overturn the drawbacks? Benefits include the spread of new culture, jobs, diversity, as well as careers. It improves the global economy, expands knowledge of foreign cultures, and free trade equals a happy economy. Drawbacks of globalization include, taking jobs away from locals, people move country to country wherever they can make the most money and leave the poorer countries which in turnRead MoreThe Lexus And The Olive Tree1118 Words   |  5 PagesDistinguishing between liberalism and political economic parts between â€Å"The Lexus and Olive Tree† and the â€Å"Open veins of Latin America† according to these two writers they both distinguish the concept about the future. The two writer view globalization and how it will benefit the countries. Political economics is the branch of knowledge discipline. In the two book capitalism is the trade an d industry that is controlled by private owners for profit as being done so by the countries. The two booksRead MoreAnalysis Of Indian Women In India1155 Words   |  5 PagesMoreover, Indian women just cant escape from getting picked on. Even at home there is lots of pressure, especially when money is involved. There is a big hair business system, taking place in India. It attracts many buyers mostly the Chinese and Eastern Europeans, but the Americans dont fall too far behind. We as well take some part in this. In India, the men force their wives to share of their hair for money, some children are forced into doing it as well. Some as well as forced, are tricked tooRead MoreGlobalization And Its Effect On Society1240 Words   |  5 PagesGlobalization and the use of new technologies and how it strengthens or weakens global inequalities Globalization is a very important force in the new world and it continues to impact the lives of individuals as well as groups world over. The role and affect of globalization has broadened over time. It has resulted in the lessening of trade barriers, integration of the economy of the world, increase in opportunities for groups and individuals alike and an increase in the economic well being andRead More Diversity Essay901 Words   |  4 Pagestoday, they are almost part of everyday life, At the same time, the interchange between cultures has jeopardized their very existence, and the emergence of a diverse culture, a fixation often referred to as globalization.. Primarily, what makes cultures different from each other is it looks at the process of what an individual goes through in an intercultural races, and how it adapts to culture changes in its environment.The individual learns its culture from its environment more then from its familyRead MoreEnglish Essay 31410 Words   |  6 Pagesï » ¿Engl 5A Globalization Over the past decades, Globalization had made the world a much smaller place. In the passage While I was Sleeping by Thomas L Freidman and The Rise of the Rest by Fareed Zakaria, there is a connection between the two passage. Thomas L. Freidman use the metaphor the world is flat which mean there are many competition in the world now. Fareed Zakaria address the U.S power is diminishing because the rest of the world is catching up. Along with the diminishing power, AmericaRead MoreGlobalization : A Deeper Look At Globalization1315 Words   |  6 PagesGlobalization can be described as â€Å"the increasing economic, cultural, demographic, political, and environmental interdependence of different places around the world,†(hhhknights.com). Due to the rapid exchange of goods, services, and ideas, globalization is at the forefront of society. A deeper look at globalization frames it as the increasingly interconnected process that restructures social, cultural, economic, and politic al systems (Nagel, 2003, p. 228). From the above definitions, it is clearRead MoreThe Pros and Cons of Globalization Essay1680 Words   |  7 PagesGlobalization. Everyday you hear it on the news, you read it in the newspaper, and you overhear people talking about it- and in every single instance the word globalization seems to have a different meaning. When I hear of globalization I think of the whole world coming close together in all phases. I tend to think that we as human beings are breaking down barriers that have been protected or guarded. For instance, I initially thought of the progress we are making in the communication aspect. SoRead MoreGlobalization : A Very Short Introduction1372 Words   |  6 Pages There are many ways to look at and understand modern globalization. In general terms, globalization means that the world, as a whole, is leading to a more utopian society, meaning that the globe is become very interconnected and similarities are growing between differe nt regions and cultures of the world. Globalization is a phenomenon that has been evolving since before 10,000 B.C. This constant evolution can cause many problems, but it can also solve many issues positively as well. Development