Evaluation of Business Globalisation Essay Example | Topics and Well Written Essays - 1500 words

Evaluation of Business Globalisation - canvas ExampleThis approach supported business to expand operations and gain high profit margins. Globalizing puzzle out has affected work organization, business, socio-cultural resources, natural environment and economics. There ar four different aspects of globalization place by International Monetary Fund such(prenominal) as trade and transactions, people movement and migration, friendship dissemination, and investment and capital movements. In this study some examples shall be portrayed to provide a suck up understanding about advantages and disadvantages of globalization.Globalization of business refers to shifting of operations from one region to wide line up of geographical regions. The impact of globalization in relation to business environment is divided into broad categories bid product globalization and market globalization. Product globalization can be stated as servicing or product sourcing from other countries in order to gain competitive advantage. Price differences across the lump enables a company to gain long term advantage. The cost of production also reduces due to such globalization of business and in turn low prices are charged from customers. Market globalization refers to bar decline in terms of selling products or services to other countries apart from home country. Companies are able to operate internationally due to emergence of globalization. Business strategies and marketing programs are designed by companies taken into consideration other cultures. Multinational firms should be able to understand the cut down of developing nations, principally strategies adopted by government to redefine policies and interests. Globalization brings forth risks for companies and firms need to manage it appropriately (Doku and Oppong, 2011). This trend has benefited business operations since market opportunities can be explored of a wider segment, along with achieving competitive advantage in global market place. Technological advancements