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Impact Of Globalization In International Business

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Tirtha timalsina
Globalization and international business context
Globalization is the propensity of organizations, advancements, or methods of insight to spread all throughout the world, or the procedure of getting this going. The worldwide means global economy is in some cases referred to as a globalism, considered as a completely interconnected commercial centre, unrestricted by time zones or national limits. Due to the globalization nowadays international markets are growing rapidly and a lot of multinational companies are focusing their strategies to international customers. This is really a holistic approach. So most if the company’s international management and managers are good and future orientated. International management is the
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Furthermore, with speedily increasing globalization, international business has become a popular trend and has drawn the attention of business executives, related officials and academics. International business is different from the local or domestic business. As far as the international level, the globalization of the world economy and the differences between countries present both opportunities and challenges to the international businesses.
The Forces behind the globalization
1. Increase in and Expansion of Technology
2. Liberalization of Cross-Border Trade and Resource
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Primary objectives would include the following:
1. Market seeking motives
Businesses expand to foreign countries to seize marketing opportunities arising due to differences in stages of life cycle for different products, which varies considerably
Among different countries. And Products with unique attributes are unlikely to meet any competition in the overseas markets.
2. Economics motives
Higher profits from overseas business operations form a significant motive for international expansion. Such differences in profitability may be due to a variety of factors, including
· Price difference between various countries.
· Fiscal incentives by host country
· Low cost such as productions and labour
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