We can say it as internationalization which is a great combination of both, the globalization and the localization.It is very hard to decide whether the revolution of global marketplace is beneficial or harmful to the humanity. However, it is also tough to ignore that globalization has created greater opportunities to people worldwide.If we take it positively, it may eradicate the regional diversity and establish a homogenized world culture.Tags: Gcse Maths Statistics Coursework HelpEssays Use Of Steroids In SportsArgumentative Essay On Childhood ObesityLess Homework For StudentsEssay About Gun Control In AmericaSociology Thesis Paper
On one hand, where globalization has made easy access of technologies to the people, it has also decreased the opportunity of success by increasing competition.
Introduction Globalization is making the availability of businesses or technologies all across the world through the speed of markets.
However, generally it is the process of globalizing products, businesses, technologies, philosophies, etc all through the world.
It is the creation of a successful interconnected marketplace without any limitation of time zone and national boundaries.
Globalization is making various huge changes in the world where people are moving away from their self-contained countries to the more integrated world.
In order to globalize a business, a company need to bring change in a business strategy made for a single country to the special one having ability to operate in multiple countries.
It has changed status and way of living of people in the society to a great extent.
It is hugely benefiting the developing nations by providing various developmental opportunities.
Impact of Globalization Globalization impacts a business and a company in various ways.
Globalization impact on businesses in the worldwide market can be described under two broad categories of market globalization and production globalization.