AussieBum has been significantly impacted by globalisation. Globalisation is the “process by which traditional barriers between countries are removed. These barriers include language, currency, differing values, geographic, politics and laws/policies”. (Business Studies In Action Text Book). Some impacts of globalisation includes: increased trade, immigration/emigration, advanced technology (aeroplanes/mobile phones), cultural integration and employment opportunities. In regards to business globalisation can alter a lot of aspects of operations. Some examples of operations impacts of globalisation include: purchasing materials and fabrics: this can be made cheaper and there may be more variety of materials to choose from. Transportation of inputs and outputs: there is faster more effective ways of transportation, there is more options such as boats, aeroplanes etc. Manufacturing of products: this may become more efficient through globalisation as new technology is produced. Packaging: there may be more technology available to produce different kinds of packaging. Storage: you can store products where you would like due to globalisation you can store products around the world. And customer base: this may broaden due to the new technology available to customers overseas.…
For some people, globalization is so feared it is synonymous with world destruction. In the end, for all we know, maybe this will be proven before it is over. In reality however, there are many good things that have resulted from globalization(1, Premise). Let’s for a moment focus on the economy, even though there are many other advantages that have been brought forward that will also be discussed. Many Americans do not appreciate how efficient our markets are, in this case efficiency in reference to supply and demand is number one. These efficient markets allow economies to grow. As many have learned in a global world, when one economy grows, it spurs growth in all the other economies that are connected to it. In this way, reverberations of success are felt across the world, even when they are most profound in one area. Needless to say, this is a very good thing. This is partially a result of what I just mentioned, but wealth equality around the world goes much deeper than that. Perhaps a better phrase than wealth equality is “standard of living.” Globalization does several things that are undeniable at the end of the day. First and foremost for one it creates jobs, which is a priority to the economic success of any market(2, Premise). Along with job creation it improves infrastructure while it also allows more people to live at a higher global level every day. Mainly regular access to medicine, clean water, food production, housing, etc., things we take for granted here in the United States. Many if not most third world countries do not share these same day to day things we categorize as necessities. Things they would refer to as luxuries. Globalization results in partnerships between countries and organizations, which in turn could help bring these countries along in many of these areas. This also makes relations much more stable between both. Agreements are much more frequently found by partners of vast…
Globalization has been a topic of debate, concerning many companies and individuals with determining whether or not the increased interaction between the companies and governments of other countries is benefitting or damaging their respective country. According to Globalization101, globalization is "a process of interaction and integration among the people, companies, and governments of different nations" ("What Is Globalization?", 2015). (1, Premise) (2, Premise) Globalization is good for business through its ability to integrate multicultural people into a company and create jobs that can execute company tasks in the most cost-effective and productive method that is available.…
In this day and age, globalization has allowed companies to operate internationally. According to Panayotou (2000), “Globalization is an on-going process of global integration that encompasses economic integration through trade, political interaction, information technology, and culture. Globalization brings people, culture, and information together. Globalization has helped P&G operate globally because it lowers trade barriers and increases the dependence between countries for goods and services, which means there is a bigger market for the goods that companies like P&G offers.…
Since I am employed by a global company there is always the possibility that jobs may be relocated to other less developed countries where labor is cheaper. Globalization impacts the community because when jobs are moved to other countries it raises the unemployment levels. On the positive side if you are in a field that is in demand in other countries you may benefit from exporting of goods and services which in turn gives you job security. Large organizations that participate in the import and export business benefit a great deal and employ thousands of people annually. Although globalization may hurt hundreds when looking at the overall picture it helps…
Globalization trends contribute a significant impact toward society and the development of specific markets. The entire world continues to experience the process of globalization and the effect on the country and society. No matter if the country is seen as developed or developing, by keeping apprised of trends in any market will affect a company’s performance (Daniels, Radebaugh & Sullivan, 2007).…
As people, firms, and other organizations have expanded their access to resources, goods, services, and markets across wider geographical areas, they have also become more deeply affected (positively and negatively) by conditions outside their home countries. Globalization refers to the broadening set of interdependent relationships among people from different parts of a world that happens to be divided into nations.…
Globalization exists everywhere in my community, especially living in Southern California. Almost everything I use or own has been made possible by globalization. Many companies in my community, including the one I work for, have their headquarters here and have plants that exist overseas where they are produce a quality product at a cheaper price. Since the company has its manufacturing plants overseas the majority of the materials used are purchased from a foreign…
On the other hand, there are also many consequences of being globalized. First, we forget our own traditions. We will focus more on the "trends" which other big states will set. Languages will also slowly die, for people will focus more on new words and phrases. Economically, smaller states will suffer with too much globalization. Yes, it is also about trade…
It is hard to define globalization and seems “easier to describe than to define” (Kiggundu, 2002:3). “Globalization has become, the most important economic, political, and cultural phenomenon of our time. Around the globe the integration of the world economy is not only reshaping business but also reordering the lives of individuals, creating new social classes, different jobs, unimaginable wealth, and, occasionally, wretched poverty and globalization is neither new nor complete” (United Nations Development Program, 1999:1). Globalization affects everyone across the globe but will most likely have a different affect on different people, therefore there are and used to be many various opinions on globalization and on its affects.…
Globalization does have positive effects that are felt throughout the world. If we look at the latter part of the 20th century alone, the evidence that globalization reduces poverty is overwhelming. Looking at a variety of measurements poverty, life expectancy, health, education more people have become better off at a faster pace in the past sixty years than ever before. And according to the World Bank, trade enabled the developing countries to grow at a rate of 4.3 percent per year during the 1990s, twice the rate of the developed…
Globalization has become one of the major controversies in the world. Globalization is the process of the world interchanging views, products, ideals, and culture. For many people they view globalization with a negative impact, but for the rest of us we see the globalization as more good then bad. Not only has it brought the governments of different nations together but it but has also brought people closer to each other, and has open minds to new ideals. Trade is one of the things globalization has impacted.…
Globalization is an external, driving force that has a major impact on the way managers run an organization. Globalization is the result of the notable increase of cross-border trade, investments, cultural exchange, population growth, and emergent economies (New World Encyclopedias, 2008). Globalization directly affects the four functions of management, or core competencies of management. These core competencies are the basics of management: planning, organizing, leading, and controlling (Bateman & Snell, 2011). Globalization causes events, or situations to take place within an organization to which managers have no direct control over. This external factor causes organizations such as Apple Inc. to update and…
To answer this discussion question, I looked up “companies that have gone global” on Google, first. I found an article about the Ford Motor company’s plans to continue conducting their business internationally by advertising and trying to attract consumers from countries outside the U.S. The most valued benefit of “going global” that the article listed was that it would not only allow the Ford company to grow as an automobile supplier, but it would create the opportunity for the company to tap into other markets as well. However, as they adjust their product to be appealing to all of their consumers, it evokes the question of whether or not globalization will cause…
Globalization offers an opportunity for a business to develop their trade all over the globe. Globalisation not only gives an opportunity to the businesses but also to the people by creating more jobs and giving the national economy an edge by investing on the national resources. By immigration and offshoring jobs globalisation has created an impact differently on different parts of the world. For an instance, by off-shoring services or outsourcing jobs countries like India, Pakistan, Philippines and Sri Lanka.…