Essay about Globalization Is The Goal Of Pursuing Opportunities Anywhere Abroad

Essay about Globalization Is The Goal Of Pursuing Opportunities Anywhere Abroad

Length: 1028 words (2.9 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Globalization is the goal of pursuing opportunities anywhere abroad which all an organization to capitalize on business functions in the countries in which it operates (Pearce & Robinson, 2011, p. 103). It is vital that an organization chose the appropriate timeframe on when and if to advance to a global arena. The following essay will discuss some of the proactive and proactive reasons for going global.
To begin with, I believe that a proactive approach exhibited by a firm, makes a statement that do not want to lose their competitiveness. One such reason is capitalizing on economy of scale and growth (Pearce & Robinson, 2011, p. 125). Businesses can lower their cost per unit and spread their cost over more items by selling and producing more products due to an increase in customer demand within a new market segment. Another reason is incentives that can be receive from foreign governments (Opening Profile, 2015). For illustration, the research notes that tax incentives, marketing assistance, grants, and expedited plan reviews have all been undertaken by governments in order to entice new businesses. Finally, resource access and cost savings may be realized (Opening Profile, 2015). This can be seen by building the product where the resources comes from instead of shipping the product stateside.
On the other hand, sometimes an organizations should be reactive in their approach to move globally. One reason may be to wait and allow the other competitors to incur the high cost of introducing the product or service (Pearce & Robinson, 2011, p. 119). For instance, Walmart spent approximately $1.1 billion to expand into Mexico. Another reason may be that the customers demand that the suppliers function locally in order to maintain...


... middle of paper ...


...e can present barriers. Finally, foreign regulation may change standards that could reduce market position (Pearce & Robinson, 2011, p. 132). For illustration, anti-competition practices such as dividing territories and price fixing can reduce the organizations niche because it reduce competition in certain areas and disassembles the free market.
In summary, this essay discussed foreign branching, equity investment, and wholly owned subsidiaries, as well as, the risks associated with a foreign subsidiary strategy which include understanding of the culture, language, and market, in addition to, a long term commitment, employing host country citizens, and regulation shifts. Each of these methods can be implement simultaneously or individually. The best methods to implement are the ones which yield better growth and profit, but a reduction in risk and liabilities.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Globalization and International Trade

- International Business is a term used to collectively describe topics relating to the operations of firms with interests in several countries. International trade occurs because no single country has the resources to produce everything well. Nations specialize in the production of certain goods and trade with other nations for those they do not produce. More and more companies are recognizing that pursuing opportunities in the global marketplace is the key to their present and future success. There are many advantages of going global such as, new markets, new sources of capital abroad, swifter technological advancement, and more choices for consumers, just to name a few....   [tags: Outsourcing, Offshoring, Free Trade]

Better Essays
1834 words (5.2 pages)

Reasons For Pursuing International Business Essay

- In today’s global market, more than before, multinational enterprises [MNEs] have been expanding their operations internationally. This rapid growth requires suitable staff to run new units in foreign countries. Leadership of these new units and MNEs in general requires a global mindset. “Each unit requires executives that navigate economic complexities, cultural ambiguities, and political challenges” (Daniels, 2013) while running an efficient and productive unit. MNEs need staff with international business background and understanding in order to have a successfully operated unit....   [tags: Leadership, Management, Globalization]

Better Essays
730 words (2.1 pages)

My Purpose for Traveling Abroad Essay

- ... Anthropology academic goal, and it abets fashioning a pleasurable society in the country recognized around the world as the Great Melting Pot. This essay presents its readers with information pertaining to the importance of taking advantage of traveling abroad which boosts cultural knowledge, and how this trip abets me doing my part towards creating a better world. First of all, traveling abroad as the Edgecombe Community College Travel Abroad (ECCTA) Scholarship recipient shall prove advantageous when it comes to examining my own professional and academic aspirations....   [tags: Edgecombe Comunity College Travel Abroad]

Better Essays
655 words (1.9 pages)

Essay on Study Abroad And Self Development

- Study Abroad and Self-development Nowadays, an increasing number of students choose the way of study abroad to acquire knowledge and to complete their studies. Studying abroad has already become a very common phenomenon. On campus, we may see some students who are from the different countries, and we study and live together ,although we may have the different culture background. It seems to many people that study abroad provides a perfect platform to help students enhance their own abilities and exchange different culture to each other, but other people may think that study abroad also has some disadvantages, like it may make students feel lonely and homesick, and s...   [tags: Culture, Study abroad, Student exchange program]

Better Essays
1665 words (4.8 pages)

The Globalization of Sports Essays

- Sport is an ever growing aspect of our cultures, and as the access to different avenues of sport begin to present themselves we question the ability of sport organizations to expand globally. This review of literature will examine different avenues of sport and the research that has been done in regards to their effort to expand on a global scale. Arguably one of the most successful avenues of sport to expand globally is soccer. Soccer is played in more countries(204) than any other sport. (Klein, 2008) A perfect example of soccer as a brand that has expanded globally is Manchester United....   [tags: Globalization, Sports]

Better Essays
2161 words (6.2 pages)

Essay on Globalization And The Expansion Of Globalization

- Globalization is the expansion of a business into several countries. The business owners may realize that they have a broad international market and so decide to expand their business for their products to be produced internationally in other countries (other than the founding country) so as to avoid exporting too many products and/or services. Over the years, globalization has become a major trend and most successful businesses have been globalized. Globalization has expanded rapidly due to development in factors such as communication, transportation and good management....   [tags: Globalization, Corporation]

Better Essays
701 words (2 pages)

Historiography of Globalization Essay

- The study of globalization is a lengthy and complicated one. Referring to globalization in terms of Archaic, Proto, and Modern is not helpful because doing so contributes to the myth of globalization forged purely by dramatic new linkages by the Europeans in the face of a diminishing role of older connections. I will define each stage of globalization with regard to the current model, the onrush of each stage of globalization in terms of older patterns in both India and China, and finally how the British empire took advantage of these preexistent linkages to bring about Modern globalization in both India and China;all in hopes of dispelling the Eurocentrism present in the current explanatio...   [tags: Globalization Essays]

Better Essays
1564 words (4.5 pages)

Essay about The Phenomenon of Globalization

- I. INTRODUCTION The fast pace of globalization is creating serious issues and questions for many developing countries to deal with, such as should they join a free trade bloc or not. What will they gain by being a member and what will they lose. Since the creation of the European Union, first formed by 15 Western European countries and most recently expanded to 10 additional European nations, have influenced many countries around the world to follow the European example and worked together in order to expand their marketplace and increase economical and political power....   [tags: Globalization Technology Economics Essays]

Better Essays
4452 words (12.7 pages)

Essay about Studying Abroad

- Studying Abroad Have you ever thought about studying abroad. No, not just for a few months for your work-experience, but a whole year (or longer) as a transfer-student. Of course, you don’t make such a decision from one minute to the next. It needs to be thought over well. Going to college is a big change in your life because it usually means living on your own for the first time, but as a foreign student it is even a bigger change because you are on your own in another country. This is often the greatest concern for students to go abroad: to leave everything behind....   [tags: Argumentative Persuasive Study Abroad Essays]

Better Essays
1582 words (4.5 pages)

Globalisation Essay

- When using Chanel’s cosmetics, when drinking Danone yogurt with breakfast, when driving Ford motor the way home, global brands which are highly visible symbol of the increasing integration of world market, could been discovered around everywhere. As Thomas L. Friedman (2005) states, ‘World is flat!’, which means world is being shrunk by the spreading of globalisation. Globalisation, a result of social development, can be described as the increase in cross-broader trade and influence on the economic and social behaviour of nation states (David Begg, 2003:272)....   [tags: Globalization Economics Analysis Marketing]

Free Essays
1695 words (4.8 pages)