Globalization in the World Today Essay - 1197 Words

Globalization is changing the way of doing business in the world today. It is the new era of business opportunity. For many major companies, going global is a matter of survival, and it means radically changing the way they work. Economic globalization changes both spatial dimension of MNE’s (Multinational Enterprises) and creates a need for more flexible production of marketing systems and new forms of organization. Firms trying to position themselves as global players face problems such as the cost of building a simultaneous presence in several product areas and foreign markets. They must also be able to manage cultural difference and be able to carry out effective cross-cultural communication. Global skills must be an integral part of†¦show more content†¦The atmosphere became so tense that even the most trivial business dealings between the American and Chinese became bogged down in charges and counter charges (Tse 32). Differences in customs, behavior, and values result is problems that can be managed only through effective cross-cultural communication and interaction. All employees should learn about the about the influence of culture and be effective cross-cultural communicators if they are to work with minorities within their own society or with foreigners encountered home or abroad (Harris and Moran 59). Globalization involves doing business around the world in a new way giving companies an opportunity to explore the world market. The idea of a global-player involves low-cost and new customer. In Asia, Europe, and many other parts of the world, there are thousands of service and product markets waiting to be filled. The Chinese consumer market is one of the most attractive countries for the global-player. The Chinese economy has been growing rapidly in past decade under its â€Å"open-door† policy on foreign trade, investment and finance For example, China is one of the most discussed topics of a business opportunity for global-player around the world. This is because China has aShow MoreRelatedGlobalization And Its Effect On The World Today886 Words   |  4 PagesGlobalization Globalization is a process of interaction and integration among the people, economics and government of different nationalities. Globalization is not new, over thousands of years globalization has progressed through travel, migration and the spread of culture. Globalization has many effect on the world today. Globalization has an overwhelmingly positive impact to most countries in terms of economy, political and culture. Economic globalization is a process in which people are ableRead MoreImpact Of Globalization On The World Of Today s World2976 Words   |  12 PagesThroughout the globalized world of today’s time, the share and flow of information, language, culture, social issues, media, and economic policy is a norm. There is a flow of these factors because of such technologies as the internet and transit solutions like the passenger aircraft that allow both information and people to move around the world instantly or at least at a fraction of the time information used to move, which in turn has created globalization itself and all of the consequences thatRead MoreGlobalization Is An Important Role On The World And Society Today2226 Words   |  9 PagesGlobalization plays an important role on the world and society today. Furthermore globalization is very arguable that it will induced cultural homogenization. Globalization can be simply defined by the process of cross culture between nat ion and nation or the process of international integration which actually mean the process of sharing ideas, cultures, concept and so forth between nations. (Appadurai 2000) and (McChesney 2001) they have a very different point of view of toward globalisation, theyRead MoreGlobalization : A New Phenomenon And The World We Live Today Essay1357 Words   |  6 Pagespositive and negative, where somewhat predicted by Marx and Engels. They expressed concepts such as rapid change and uncertainty, integrated global supply chains and spread of common cultures across all nations, which is remarkably similar to the world we live today. According to Johnson (2002: 428) five developments have had a major role in making globalisation both possible and effective. This was not the case prior to the 16th century, where there was not much movement of goods or ideas between the continentsRead MoreWhat Would Our World Look Like Today If Globalization Did Not Exist?1482 Words   |  6 PagesWhat would our world look like today if globalization did not exist? The answer is that it would look quite different from what we are used to today. Many of the products used every day by Americans have been made available and sold to us due to globalization. Globalization is the process or act in which values, technologies, and businesses spread internationally; connecting, sharing ideas and technologies and moving from their domestic roots to establish a worldwide influence as they expand theirRead MoreWhy Is English Language Throughout The Stage Of Globalization Important? How Will It Affect Today s World? Essay2399 Words   |  10 PagesWhy is English language in this stage of globalization important? How will it affect today’s world? Introduction Language is a means of communication. It is the code we use to express ourselves and communicate with others. Language represents thoughts and ideas and it can be communicated through spoken, written and signed forms. Conventional symbols or sounds are also used to communicate. Language is an important part of our being, and English is one of the most important languages to learn. EnglishRead MoreWhy Is English Language This Stage Of Globalization Important? How Does It Affect Today s World? Essay2243 Words   |  9 PagesThesis statement Why is English language in this stage of globalization important? How does it affect today’s world? Introduction Language is a means of communication. It is the code we use to express ourselves and communicate with others. Language represents thoughts and ideas and it can be communicated through spoken, written and signed forms. Conventional symbols or sounds are also used to communicate. Language is an important part of our being, and English is one of the most important languagesRead MoreGlobalization : A Short History1720 Words   |  7 Pageshistory much has evolved in the world we live in today. Nations that were once empowering and controlled many parts of the world today are seen less superior and most likely to keep peace and order rather than starting violence. In Jujen Osterhammel and Niels P. Petersson’s book Globalization: A Short History, they investigate what led to globalization. They discuss events in history starting from the 1800s to the cold war era and what events led to globalization. Osterhammel and Petersson describeRead MoreThe World Is Flat By Friedman Essay1513 Words   |  7 Pagespart one of the book â€Å"The world is flat† Friedman discusses the competition of global knowledge in the world today and how it is steadily growing. There is a discussion of the ten forces that has flattened the world. These forces are: 11/9/95, the fall of the berlin wall, 8/9/95 the day Netscape went public, work flow software, uploading, outsourcing, offshoring, insourcing, uploading, outsourcing, and the steroids. Friedman comes to a conclusion of how he thinks the world may have become flattenedRead MoreAnalyze the Effects of Globalization on Native-No Western Cultural Practices1545 Words   |  7 PagesGLT1 Task 1 Analyze the effects of globalization on native-no Western cultural practices Issues in Behavioral Science Jamie B BSN 06/18/2014 Western Governor’s University In this essay, I will discuss the matter of Globalization of two nations, South Korea and India. Globalization can be defined as, in simple terms, as the process of making something, anything available worldwide. It is a collaboration between countries, exchanging goods, services, workers, ideas, and even culture, which