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Globalization affects international business
Introduction To Globalization
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Part 2 – Research Proposal
1 Introduction
Globalization calls for a vital plan of action that backings creation and supporting of preference at a global level (Pfeiffer, Goodstein, & Nolan, 1992). Key plan of action constructs from the mutt rent circumstance to a dream of the fancied future state, with an outline of the real pathway. It brings together and deciphers space determinations, assets and capacities, speculation and joint effort vehicles, and timing and succession of focused moves, into another benefit model (Slywotsky & Morrison, 1997), an economical development model (Higgins, 1977), and a significant authoritative character (Albert & Whetten, 1985).
The impacts of globalization on vital plans of action are both homogenizing ("convergence" school) and mixture advertising ("divergence" school). The Convergence researchers (Pascale & Maguire, 1980) hold that as the nations change their businesses, create establishments, embrace current engineering, and accomplish industrialization, the vital business conduct would get comparable in light of the fact that individuals will grasp regular qualities with respect to investment movement and work-related conduct (England & Lee, 1974; Kerr et al., 1964).
The Divergence researchers, rather attest that national society, not financial belief system or innovative development, is (and will keep on being) the overwhelming constrain in molding the qualities, convictions, and demeanor of directors inside a nation (Hofstede, 1980, Laurent, 1983). Numerous researchers put stock in the useful comparability (Child, 1981) - globalization is not about convergence to best practice, but instead about leveraging contrast in an inexorably borderless world to increase separated positio...
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...ooks to make the research more authentic and accurate. Though this kind of research in mainly secondary and the data or the studies found might be outdated to provide the accurate analysis, still it can be done alongside the quantitative analysis to come to a definitive conclusion in the thesis.
3.1 Rationale
Through the analysis our research rationale would be to conclude the dilemma or the debate between convergence and divergence in globalization. Which of the two is more effective for a business or in what circumstances should each of them be used. The methodology as discussed will be conducted on the basis of this motive.
4 Conclusion
The conclusion will be based on the analysis of the quantitative and qualitative data collected from the primary and secondary researches done with the help of the questionnaire and various journals, books and online sources.
In order to make the decision, this report measures the following qualitative and quantitative areas:
Ritze, George, and Zeynep Atalay. Readings in Globalization: Key Concepts and Major Debates. Chichester, West Sussex, U.K.: Wiley-Blackwell, 2010. Print.
Osland, S.J. (2003). Broadening the Debate, the Pros and Cons of Globalization. Journal of Management inquiry, Vol. 12 no. 2, pp.137-154
Gilpin discussed the MNC’s evolution through the lenses of a number of business economic theories. Using Raymond Vernon’s Product Cycle Theory, the overseas expansion of American companies until the 1960s was shown as a means of preempting foreign competition and preserving monopoly positions, which was possible then because of the wealth and technology gaps that existed between the US and the rest of the world (282-83). Following the closing of such gaps, Dunning and the Reading School’s Eclectic Theory explained the next stage of the MNC’s evolution as propelled by the great leaps made in technology and communication, which made internationalized management both possible and viable (283). Michael Porter’s Strategy Theory, meanwhile, asserted that the MNC is now in the era of strategic management, wherein activities and capabilities spanning borders allow it to “tap into the value chain” in the most advantageous positions (285-85). Gilpin made an interesting point, however, that MNCs are oftentimes the result of market imperfections and unique corporate situations. In many instances, the decision to expand a firm’s operations in another country was a means of circumventing protectionist measures and trade barriers, or simply to curry favor with governments, as practiced by IBM (280...
4. Discuss the forces that are leading international firms to the globalization of their sourcing, production, and marketing.
Globalization is a powerful phenomenon of the ever expanding world system. Globalization represents one of the most influential forces in determining the future of international relations. These international relations have multiple dimensions: economic, political, national security, environmental, health, social, and cultural. The focus here is on the concept of globalization as applied to the socioeconomic interconnectedness. According to Emory University’s Department of Sociology, globalization refers to, “The expansion of global linkages, the organization of social life on a global scale, and the growth of a global consciousness, hence to the consolidation of world society.” (Globalization issues, 2001). While globalization does not have a cl...
The data collected will be analysed and interpreted. The summary of the findings, suggestions and the conclusion will be given in the report.
Science Initiative Group Institute for Advanced Study, 2007, Globalization: Trends and Prospects, Available from: http://sig.ias.edu/files/Egwang-_Welcome.pdf
“The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets. Globalization has had the effect of markedly increasing not only international trade, but also cultural exchange”. The distances and barriers between countries, governments, organizations and individuals has significantly decreased due to the influence that globalization has on the world. Changes in one part of the world has a ripple effect on other countries and communities. This interconnectedness between economies and cultures has advantages and disadvantages, however, the impact that globalization has on individuals
Globalization, the acceleration and strengthening of worldwide interactions among people, companies and governments, has taken a huge toll on the world, both culturally and economically. It’s generating a fast-paced, increasingly tied world and also praising individualism. It has been a massive subject of matter amongst scientists, politicians, government bureaucrats and the normal, average human population. Globalization promoted the independence of nations and people, relying on organizations such as the World Bank and also regional organizations such as the BRICs that encourage “a world free of poverty” (World Bank). Despite the fact that critics can argue that globalization is an overall positive trend, globalization has had a rather negative cultural and economic effect such as the gigantic wealth gaps and the widespread of American culture, “Americanization”; globalization had good intentions but bad results.
In today’s continuously changing world, many experts say that globalization is what every business, organization, and nation should seek and welcome as a positive change. However, many people are unaware of the main focus and meaning of Globalization, especially in comparison to Localization. A large number of people believe that globalization is just another common word used to refer to changes and differences that cannot be explained or accounted for. Therefore, many different activities or changes are improperly labeled to be a part of or caused by globalization.
As a conclusion international business best described as a Globalization. A globalizing business sector advertises viability through rivalry and the division of the work it permits individuals and economies to keep tabs on what they specialize in. It also allows people to go globally. Globalization has stretched the assets, items, administrations and markets accessible to individuals. The increasing set of reliant connections around individuals from distinctive parts of a world that happens to be separated into countries
Stonehouse, G., Campbell, D., Hamill, J. & Purdie, T. (2004). Global and Transnational Business (2nd ed.). Chichester: John Wiley & Sons.
Globalization is one of the main aspects in the 21st century. Globalization has brought the world closer; all the things that are happening nowadays are recognized globally even if they happened locally (Buckley). According to Nayef Al-Rodhan GCSP (Geneva Centre for Security Policy) globalization is not a single word or concept. It contains many other concepts within itself. Globalization is composed of different concepts like incorporation regarding the economics, transmitting information or understandings, stability within beliefs, and other concepts (Al-Rodhan p.3). This paper deals with the definition of Globalization, the advantages and disadvantages of globalization, and based on these information the views that to which extend the globalization is beneficial for majority of the world's population. The concept of globalization has changed the whole shape of the world. It has both its positive and negative impacts on people's life. However, by taking both the advantages and disadvantages into consideration we can find that to a large extend globalization is beneficial for majority of the world's population. With the help of globalization the works that were difficult in past is getting easier in today's environment. People are getting closer to each other, which is a product of globalization. Moreover, the knowledge and informations are being circulated in very good way which is a very good sign for having a good and prosperous life.
Globalization is a global process that is changing the world. I would also like to discuss what are the benefits and drawbacks of globalization in the world from different perspectives.