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Impact of globalization on culture
Disadvantages and advantages of globalization
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INTRODUCTION
Nowadays when people start their own businesses, the majority of them have a common vision which is to see their business’s products or services being purchased all over the world. Some people wear clothes just to look good but others would prefer owning clothes made from imported material, or rather imported clothing product. Most products that we use in South Africa are either written that they were manufactured in another country or made in South Africa from imported material.
People are able to do all that because of the modern means that enable them to trade internationally. The collective term used to describe this process is globalization.
Globalization is described as the process of interaction and integration among the people, companies, and governments of different nations. This process is driven by international trade and investment and aided by information technology.
This process has effects on the environment, culture, political systems, economic development and prosperity, and on human physical well-being in societies around the world.
BENEFITS OF GLOBALISTION
Globalisation brings competition
With organizations ability to distribute their products globally, there is an increase in completion with other organizations in the world and by this business would want to get more customers than other business and customers’ needs are being considered. This benefits the customers and the economy and raises the living standards of everybody. The prices become more reasonable and the standard of quality of the products is improved.
Rise in opportunities
With the increasing demand of services or products of the organizations that trade globally, the company is required to expand its p...
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... human trafficking, rhino poaching, and illegal trading of plants to another country.
There is also a possibility that the developed countries can operate their businesses in another country which is still a developing country, by employing people and paying them fewer salaries (cheap labor). By taking business to another country can leave local people unemployed and that can increase the rate of unemployment. Migration of people to another country can increase the population numbers in the country of destination because others may decide to reside permanently in that particular country. The increase in population means more service deliveries are required.
But on the positive side of it, globalization has allowed developing countries to share ideas with developed countries and work together with developed countries to improve their standard of living.
Globalization can not only affect a company opening an office in another country but it can affect a small local business as well. As the internet brings the world closer together it becomes far more likely that a business that opened with no intention of selling internationally will have customers form different parts of the world asking for their product. For instance a steel company located in Pennsylvania may suddenly find orders coming in from South American factories. How the steel plant chooses to handle this new international customer could mean ...
The organization has had to ensure that it has retail stores in many countries globally and website options in more than 100 countries. The company further enhances access of online stores in more than 37 countries which is accessible all the time and people are able to access the services regardless of their location. Globalization further affects the organization in the sense of international market management which requires it to engage in strictly global decision making. The organization’s production networks have been geared to enhancing global competition (Lüsted, 2012) .The Company is further good when it comes to seizing the opportunities available in global market. For the organization to find efficient as well as cheap means of production, it has to bargain hard so as to allow its contractors to have low profits. This mostly is consequential to the suppliers cutting corners with the use of cheap
Globalization is a widely discussed topic so it is therefore not easy to explain such a complicated word. However the common definition of globalization comes from the word global which means the worldwide coming together of countries and nations. In other words, Globalization is the process of international integration arising from the interchange of values, products, ideas and other aspects of culture.
Many companies can experience growth as time passes but to remain viable these companies must continue to compete in the global market. Growth can bring a lot of advantages for example bigger brand name, international market shares, different investors, more resources for income, and even the capability to produce a product for less labor cost. Regardless of the reasons why a company desires to grow internationally, this changeover won't take place without a great number of problems or hurdles. The greatest problems a company may encounter could be the moral and social dilemmas that they will encounter every time they get into a new market in a different country. We will talk about this kind of example with the Levi Strauss and Company and the entry into the international markets.
The globalization of production refer to the sourcing of goods and services from location around the globe. This benefit is to take advantage of national differences in the cost and quality of factor of production such as labor, energy, land and capital. IKEA had concentrated production in four core suppliers in China and Europe to reduce the cost of the cotton slipcovers. Between 1999 and 2005, the price of the Klippan by some 40 percent are reduce from these global sourcing decision enable IKEA as the resulting efficiencies. It is because, the labor of cost in China and Europe are more cheaper than another country. Thus, IKEA choose the China because in there have cheaper labor and lower price of sources to take advantage of national differences in the cost. By doing this, IKEA hope to lower their overall cost structure or improve the quality or functionality of their product offering, thereby allowing them to compete more effectively than others.
With nearly half of the world’s largest corporations, an export rate only second behind China, and the perceived value of American goods by foreign consumers, the need for global marketing by companies in the United States is a necessity. Global marketing expands a company’s market, allowing them to grow, and not only rely on their own country resources and revenues for their success. Companies that expand operations abroad gain benefits to their business such as new approaches to distribution, development of new products, and new insights into customer behaviors. As a nation, global trade provides a way to source needed materials and products that are either not available, or in insufficient amounts to meet the needs of customers.
Globalization is not a new phenomenon as it was introduced by the philosopher Hegel. The term became popular and widely used in 1980s in academic circles. Globalization is a process of interaction and integration among peoples, companies, and government of different nations. It is a process driven by international trade and investment and aided by information technology. Globalization is defined as “a social process in which the constraints of geography on social and cultural arrangements recede and in which people become increasingly aware that they are receding”(Waters, 1995, p. 3). According to Steger (2003), this process is referring to the transformation of present social conditions to the new global world. This process influenced the environment, and on human physical well-being in societies around the world. In general, globalization can be classified into three major types which are economic, cultural and political (refer to Figure 1 in Appendix 1).
Globalization can best be defined as the shrinking of our world. As technology advances the gaps between Countries is closed, and our society as a whole becomes more integrated. Globalization is something that has been occurring for thousands of years, with one early example of Globalization being the use of the Silk Road, which connected China and Europe during the Middle Ages. Globalization can offer businesses many was to increase business, while at the same time threatening them (Globalization101.org, 2014).
In our increasingly global society, many companies cannot afford to live with the illusion that their domestic markets will always be strong. Therefore, companies choose to market overseas as well. This then makes the international marketer’s task more complicated as he now has to deal with two levels of uncontrollable uncertainty instead of one. Besides the uncontrollable elements of the domestic environment, he has to deal with each foreign country’s unique uncontrollable factors as well.
Globalization can be defined as the international incorporation which results from the exchange of products, culture, ideas, and worldviews. It may also be defined as the increased flow of people, information, and goods across international boundaries. Increase in transportation and the internet has brought about an increase in globalization. Three different forms of globalization dominate the world which are; economic globalization which is the rise in the economic dependence of national economies all over the world due to a rise in to and fro movement of technology, capital, and service from one country to another, political globalization which is different government sectors using the same method, practice, and ideology, and social globalization which involves the unceasing spread of religious beliefs and ideals, whether by the use of soft means such as persuasion or by the use of force. Some individuals and social groups resist globalization because they belief that globalization would destroy their culture and their natural environment, bring ...
Globalization is a term that is difficult to define, as it covers many broad topics in the global arena. However, it can typically be attributed to the advancement of economic, social, and cultural interactions among the companies, citizens, organizations, and governments of nations; globalization also focuses on the interactions and integration of countries (The Levin Institute 2012). Many in the Western world promote globalization as a positive concept that allows growth and participation in a global community. Conversely, the negative aspects rarely receive the same level of attention. Globalization appears to be advantageous for the privileged few, but the benefits are unevenly distributed. For example, the three richest people in the world possess assets that exceed the Gross National Product of all of the least developed countries and their 600 million citizens combined (Shawki and D’Amato 2000). Although globalization can provide positive results to some, it can also be a high price to pay for others. Furthermore, for all of those who profit or advance from the actions related to globalization, there are countless others who endure severe adverse effects.
Globalization on a broader scale, is an integration act, involving cultural, mental, political as well as economic aspects of a person, among countries. It is mostly limited to, economic integration, associated with movement of people, exchange of technology and information, trade as well as financial flows. . This is practice is clearly miles ahead, as demonstrated by the ever increasing capital flows in the world economy as well as the level of importance, the world economy has. As a result of globalization, tremendous pressure is on the nations to keep up with its demands and this has had a lot of consequences. Some pundits will tell you that these effects are only economic based,
The definition of globalization is, “Globalization is the connection of different parts of the world. Globalization results in the expansion of international cultural, economic, and political activities. As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more
Globalization is the connection of different parts of the world. Globalization results in the expansion of international, cultural, economic, and political activities. As people, ideas, knowledge, and goods move easily around the globe, the experiences of people around the world become more similar. (“Definition of Globalization“, n.d., ¶ 1)
The global economy has enabled customers to enjoy a buyer’s market where the company with the most competitive price possible for a product or service receives orders from customers around the world. The burgeoning world ...