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 act of overseeing business operations in more than one nation. International Management experts are acquainted with the language, society, culture, financial and political environment, and business practices of nations in which multinational firms effectively trade and invest their investment and manpower.
FIG1:-Globalization as holistic approach
The impact of globalization on international business
International business states to a large range of business activities undertaken across national borders. 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
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... not only accessible, but increases competitiveness as well.
2. Liberalization of regulatory framework for investment in target countries enables companies to invest and expand their business operations abroad.
3. It offers opportunities for integration of business operations on a global scale.
4. Provides increased opportunity to establish foreign collaborations and ownership.
5. Facilitates consolidation of business operations in various countries and developing
What effect has globalization had on international investments? | Investopedia http://www.investopedia.com/ask/answers/022615/what-effect-has-globalization-had-international-investments.asp#ixzz48FJz7vtv viewed on 7 may 2016
Deresky, H. (2010) International Management, Managing across Borders and Cultures, 7th ed., Prentice-Hall, Upper Saddle River.
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