MGT/448 Global Business Strategies
Globalization Questionnaire There are many organizations and corporations, big and small that choose to take advantage of globalization. The movement of globalization in businesses today have in many ways saved a lot of businesses from going into bankruptcy or helped them in many areas where they may have otherwise fell short on their bottom line. Throughout this paper, the following questions will be answered; what is globalization, and what are some of the traditional international trade theories that support the concept of globalization? The major drivers of globalization will be listed examples provided of each. This paper will also explain how globalization affects your community and your organization. Globalization has in a sense transformed how many organizations conduct business on al daily basis. Globalization has had such a profound effect on many country’s economy; there level of education, their social standing in the world and their political landscape. Globalization is defined as “a trend of countries and cultures becoming more connected through business, governmental cooperation, mass media and other sectors. As the opportunities for meaningful exchange grow (through technology and cheaper travel) businesses are able to expand their scope into new markets, average citizens are able to get to know people from vastly different cultures, governments are able to more easily collaborate on initiatives that affect more than one nation (Business QandA’s.com,2012).” In answering the question, what are the major drivers of globalizations, one can realize that there are many drivers. In many cases, one driver of globalization may fuel another. We will focus on four that clearly stand out as major drivers of globalization. The major drivers of globalization are market drivers, cost drivers, government