Form: 6b Group 4
Subject: Management of business concern
globalization refers to in which activities of large number of business enterprises is carried out in many an(prenominal) divergent locations across national boundaries. It is much more(prenominal) than just importing or exporting from one artless to an new(prenominal). True globalization involves one firm procuring form, manufacturing in, and selling in many different countries.
There has been an increasing trend in the world towards globalization is characterized by trends such as: increase trade across national boundaries. One company having subsidiary companies and plants in many countries. One company procuring material postulate from multiple countries. One company selling its products in many different countries. Growth of joint ventures and technical collaborations between companies from different countries. Lowering of trade barriers and simplified import and export procedures. globalisation offers many advantages to the populate and businesses. These include: Greater employment opportunities for people. approachability of greater variety of goods and services to the consumers. More competitive equipment casualty to the competitors. Ability of companies to achieve lower costs. Access to bigger markets to business firms.
Faster and wider spread of new technologies across the world.
Globalization too has some disadvantages also: Unrestricted globalization can thwart the development of less developed countries. Smaller firms may omit the resources to compete internationally and therefore may be obligate out of business. Countries become increasingly dependent on former(a) countries for meeting their needs for goods and services. This can become a major disadvantage in situations like war. Adverse economic trail in one country can escalate to other countries and may even adopt global proportion. Globalization may also lead to faster spread of infectious disease, for people animals and plants. Such infection may be carried through,...If you want to live on a full essay, order it on our website: Orderessay
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