Word Count:
Table Of Content
Particulars Page No.
Introduction.......................................................page 3
Globalisation ..................................................... Page 4
Reasons for The Growth.................................... Page 4-5
Process of Globalisation and Effects................. Page 5-6
Conclusion.........................................................Page 7
References ....................................................... Page 8
Introduction:
According to modelski et al, (2007)
Globalisation in business is a historical process, the term “Globalisation” begun to use more commonly in 1980s, which happened due to of innovations and the research which has been done from a long time on improving the communication and technology. Just because of the fastest communication today more or less every business is dealing their customers using technology and having the communication with them using modern devices. Here in my assignment i will discuss about the globalization and what are the reason for the growth of globalization?.I will also discuss about the process of globalization and its effect in the market.In my case study i will take the Siemens AG company.
Siemens AG is a global electrical and electronics business with a turnover of £53 billion. The business employs over 450,000 people. Siemens is multi-national. It operates across 190 separate nation states. Executives in Germany and across the world must make decisions in the best interests of Siemens ' shareholders. Most multinationals have many capabilities. They must make decisions about where their separate activities should be. For Siemens it is not efficient to design and manufacture all products in all countries. It is more efficient to concentrate
References: Modelski,Devezas and Thompson. (2007) globalization as evolutionary process modeling global change, Rutledge, USA and Canada ISARD(2005) globalization and international financial system: what’s wrong and what can be done, Cambridge university press,USA Gills,b. and w.r Thompson(eds.)(2006) globalization and global history.london:routledge. J.Ali globalization of business: practice and theory, International business press, NY Collier, dollar and lank.(2002) globalization, growth and poverty, oxford university press, Washington 2002. Turchin,p.(2003) historical dynamics: why states rise and falls,Princeton,NJ:Princeton university press. http://businesscasestudies.co.uk/siemens/meeting-global-and-local-needs/globalisation