...Globalization Questionnaire Dana Daugherty MGT/448 September 4, 2012 Elizabeth Newburn Globalization Questionnaire This paper is going to discuss the definition of Globalization and theories that support the concept, the major drivers of globalization and it will explain 4 effects if globalization that impact the community and the company. Globalization Globalization is the process of going over the borders to do business with other countries. Globalization refers to the shift toward a more integrated and independent world economy. Globalization has a number of different parts, which include globalization of markets and globalization of productions (Hill, 2009). A few theories that support the concept of globalization would be Free trade, new trade and Mercantilism. Drivers There are 4 major drivers for marketing, cost, government, and competitive drivers. Examples are marketing drivers increases travel gets global customers, and establishments of world brands. Cost drivers keep pushing for economics scales, and increases cost of product development compared to the market life. Government drivers reduce tariff barriers and non-tariff barriers, and change to open market economics from closed communist systems in Eastern Europe. Competitive drivers keep increases in the level of world trade and increase in new competitors that determine to become global competitors (Bauernfeind, 2005). Effects on Globalizations DirecTV is a very popular satellite company. DirecTV...
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...Globalization Questionnaire MGT/448 Global Business Strategies * * * * * * * * * * * * * * * * * * * * * * Globalization Questionnaire * Globalization provides a link to the world around us. Positive aspects of globalization include; worldwide markets for products and services, technological advancement, and cash-flow for developing nations. Whereas negative aspects include; outsourcing jobs, social degeneration, and corporate ruling. The purpose of this paper is to provide comprehensive answers to questions concerning globalization, trade theories that support the concept of globalization, major drivers of globalization, and the effects of globalization within my community and organization. What is Globalization? Globalization integrates societies, cultures and economies through a global network. Although the concept of globalization is quite simple, there are numerous viewpoints and opinions regarding globalization. There are those that have a negative opinion and feel that globalization has led to job loss in the United States, while others express enthusiasm as governments and corporations work together to solve worldwide ecological problems. Globalization has been defined as a process of worldwide trade, intended to increase the capital and economic gain for the countries involved, while increasing positive global citizenship. Other theories...
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...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...
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...1. What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? * Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. Globalization is not new, though. For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in 1914.This current wave of globalization has been driven by policies that have opened economies domestically and internationally. In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment. Governments also have negotiated dramatic...
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...Introduction This paper will outline the question “what is Globalization,” outline some traditional trade theories, major drivers of globalization, and explain some effects of globalization on communities and industry. What is Globalization Defined as “globalization refers to the shift toward a more integrated and inter-dependent work economy. Globalization has several facets, including the globalization of markets and the globalization of production.” (Hill, 2009, Chapter One). Globalization as it affects markets and trade is the development of international supply and distribution chains. Traditionally supply and manufacturing was more localized be region distributed to a final destination. Globalization has permitted the most effective supply chain to be directed to the most cost-effective manufacturing resource and distributed in the most cost-effective way. This is made that a company’s headquarters or main office may not even have a presence at any of the origination points. Companies often source components of their products from regions around the globe and ship them to a manufacturing or assembly plant in another region. Major Drivers There are three major drivers for globalization and those are: cost of materials, labor costs, and regulation. Depending on the product a company may find the components of their product be offered at a lower price, even after shipping in another region of the world, thus allowing for more profit. Companies may find an educated...
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...Introduction In this paper we will discuss of globalization and how it affects our country and community. There are many ways to look at globalization but you must first understand what the traditional international trade theories are and what the drivers are. Once you have these information we can form an example of how globalization affects are economy. First we are going to define what is a globalization? What is a Globalization? “And we are moving toward a world in which barriers to cross-border trade and investment are declining; perceived distance is shrinking due to advances in transportation and telecommunications technology; material culture is starting to look similar the world over; and national economies are merging into an interdependent, integrated global economic system” (Hill, 2013, p4 ). With the advancement of technology the barriers have been torn down like the “Wall of Berlin”. It has opened our minds to learn about other cultures and to learn about potential business opportunities in those countries. Two of the traditional international trade theories are classical and modern. Major Drivers of Globalization There are two major drivers of globalization. The first is the decline in barriers which allows for the free flow of goods, services and capital. The examples of this driver is the International trade and foreign direct investment. International trade is selling goods in your country to someone in another country. Foreign direct investment...
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...Globalization What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? Globalization is defined as a shift towards an integrated world economy (Hill, 2009). Globalization can be explained in many ways, one is the globalization of production. For example, computer hardware or software, cell phones, food, and music are all products that are distributed globally. Globalization is the process in which economies of countries all over the globe become integrated over time leading to organizations having access to a larger market base and customers having access to a greater variety of goods and services. Globalization is also a method of communication and integration among the consumers, organizations, and governments of different nations, which is driven by international trade and investment and assisted by information technology. This process has effects on the environment, culture, political systems, economic development, and on human nature in societies around the world. Supporting the concept of globalization are several traditional international trade theories, including Free Trade, New Trade, and Mercantilism. List the major drivers of globalization and give three examples of each. Several drivers underline the continued trend of globalization in today’s popular culture. The first is the decline in barriers to the free flow of goods, services, and capital (Hill, 2009). Companies...
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...Introduction This paper will outline the question “what is Globalization,” outline some traditional trade theories, major drivers of globalization, and explain some effects of globalization on communities and industry. What is Globalization Defined as “…globalization refers to the shift toward a more integrated and inter-dependent work economy. Globalization has several facets, including the globalization of markets and the globalization of production.” (Hill, 2009, Chapter One). Globalization as it affects markets and trade is the development of international supply and distribution chains. Traditionally supply and manufacturing was more localized be region distributed to a final destination. Globalization has permits the most effective supply chain to be directed to the most cost-effective manufacturing resource and distributed the most cost-effective way. This is possible in a way that a company’s headquarters or main office may not even have a presence at any of the origination points. Companies often source components of their products from regions around the globe and ship them to a manufacturing or assembly plant in another region. Major Drivers There are three major drivers for globalization and those are: cost of materials, labor costs, and regulation. Depending on the product a company may find the components of their product be offered at a lower price, even after shipping in another region of the world, thus allowing for more profit. Companies...
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...Globalization MGT 448 July 19, 2011 Globalization What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? Globalization is defined as a shift towards an integrated world economy (Hill, 2009). Globalization can be explained in many ways, one is the globalization of production. For example, computer hardware or software, cell phones, food, and music are all products that are distributed globally. Globalization is the process in which economies of countries all over the globe become integrated over time leading to organizations having access to a larger market base and customers having access to a greater variety of goods and services. Globalization is also a method of communication and integration among the consumers, organizations, and governments of different nations, which is driven by international trade and investment and assisted by information technology. This process has effects on the environment, culture, political systems, economic development, and on human nature in societies around the world. Supporting the concept of globalization are several traditional international trade theories, including Free Trade, New Trade, and Mercantilism. List the major drivers of globalization and give three examples of each. Several drivers underline the continued trend of globalization in today’s popular culture. The...
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...Globalization December 11, 2012 Globalization Globalization is a trend of joining countries together economically, socially, informational, industrially, politically, and many more. Even though, globalizing had been around for a long time, such as, “Islamic Golden Age when Muslim traders and explorers established an early global economy across the Old World resulting in a globalization of crops, trade, knowledge and technology” (Wikipedia.com) before the turn of 16th century. In modern term of globalization “is a process of interaction and integration among people, companies, and governments of different nations [with intention of] international trades and investment and exchange of information technologies” never seen before. (Levin Institute, 2009). To most people, they think of as “to bring people of all nations closer together” (Wikipedia.com) as ‘the small world.’ Globalization is a way of eliminating barriers of country borders, to communicate in real-time overcoming time zones, language barriers to form a world language to allow everyone capability to communicate, and many more. Globalization has an effect on many words or terms such as American, Jewish, Muslim in related to religious level could change to one religion recognize by what might be called ‘multiculturalism’. It had been known here in America as “The melting pot” which many different cultural had and is still migrating into America now extends out to the rest of the world. There may be lots...
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...Globalization Questionnaire MGT 448 Jim Engstrom Jan 7, 2013 Charlotte Johnson Globalization "Globalization pertains to the conversion towards a more incorporated and interdependent business world. Globalization has many aspects, including the globalization of markets and globalization of production, (Hill, 2004)”. Globalization is required in the entire world. The various hypotheses regarding the meaning of globalization of inspiration beyond the need of globalization’s progress as well as the world of technology will assist promote the requirement for globalization. Communities as well as companies also are influenced by globalization and smaller countries take advantage of the generosity of the members in the largest market throughout the world. A lot of theories presently support the idea of globalization. The rate applicable varies in one country to another. The price is correct, also referred to as the taxes which each country imports and exports. The government should pay a fee. The World Trade Organization (WTO) is accountable for all countries. Absolute advantage backs the idea of globalization; subsequently the idea helps make sure that a country can create a far better item that is more efficient compared to another countries product. To import or export of this item, or for people who use this item in the trade of other services or products. This assists the manufacturing countries to produce items more efficiently. The benefit is that the...
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...Global strategy and management Chapter 1: Understanding Global Strategy What is global strategy? Traditional global strategy is treating different countries as one worldwide all global market. Some companies are considering the world as one big country. For example Coke is distributed around the world. But that strategy has backfired repeatedly. For example, the Toyota Camry is the best-selling car in the U.S., but not even top five best-selling cars in Japan. A more balanced view covering both global and local (non global) aspects is necessary. Keys to a successful total global strategy: The total global strategy three separate components: 1. Developing the core strategy: developing the fundamental purpose of the organization and getting everybody and everything lined up to support that purpose. 2. Internationalizing the core strategy: it is the international expansion of activities and the adaptation of the core strategy. Companies need to have mastered the basics of international business before they can attempt the global strategy. 3. Globalizing the international strategy: by integrating the strategy across countries. Developing the core business strategy: Each separable business in a company needs its own core strategy. The core business strategy includes several key elements: * Type of products or services that the business offers * Types of customers that the business serves * Geographic markets served * Major sources...
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... A study provides a framework for developing global strategies for service businesses. It integrates existing, separate frameworks on globalization and on service businesses, analyzes how the distinctive characteristics of service businesses affect globalization and which do not. It then applies the new framework to numerous industry and company examples, with particular emphasis on the role of information technology. Full Text How do the distinctive characteristics of service businesses affect globalization and the use of global strategy? This is a crucial question for managers in numerous industries. Not only are services continuing to grow rapidly in domestic economies, but international trade in services is increasing, too. The United States, like some other developed countries, has a trade surplus in services that helps offset the deficit in merchandise trade. In contrast, Japan has been much less successful in internationalizing its service businesses.1 So it is essential to national competitiveness that governments, as well as companies, achieve a better understanding of how to develop effective global strategies for different types of service businesses. Most research to date has focused either on why and how service firms internationalize or on different modes of internationalization.2 In contrast, we examine how globalization drivers and the use of global strategy might apply to various types of services, and what differences might exist relative to manufacturing...
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...Globalization Globalization is the shift towards a more integrated and inter-dependent world economy (Hill, 2009). Due to falling barriers to cross-border trade and investment companies are able to move goods, services, and investments faster and more consistent to consumers located in many parts of the world. International Trade Theories Some of the traditional international theories that support the concept of globalization are the Absolute Advantage Theory and the Comparative Theory. The Absolute Advantage Theory was created by Adam Smith in 1776 (Hill, 2009) and stated that a country that produces a product efficiently has an absolute advantage over other countries and should trade the product. Smith also argued a country that can purchase a product at a lower cost should never produce at home. According to Hill (2009), the Comparative Advantage Theory was developed by David Ricardo in 1817. However, Ricardo expanded on Smith’s theory of comparative advantage and suggests that although a country is efficient in producing a good or services, it will be cost effective to purchase the same goods/services from another country at lower opportunity cost. The theory also suggested that unrestrictive free trade increases world production. Drivers of Globalization The two macro factors that are major drivers of globalization are declining trade barriers and changes in communication, information, and transportation technologies. Falling trade barriers make it easier for...
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...Toyota’s Globalization Strategies Identify what ‘drivers’ have been influential in Toyota’s pursuit of globalization Toyota’s journey to become a global automotive firm has had a number of key drivers. The leadership of first Sakichi and Kiichiro Toyada in the early days, and then Fujio Cho in the later years have been crucial in Toyota developing the ambition to succeed on a global basis. Of the ‘drivers’ of globalization discussed in chapter three, some have played a more important role others. Cultural homogenization has played some part as populations in emerging economies, in particular, aspire to car ownership. Countries like China, India and Brazil are seen as huge potential markets for Toyota as an increasing middle class seek car ownership to affirm their status. Economies of scale and scope was a significant driver as Toyota utilized scale economies by opening manufacturing plants in low-cost countries, and exploited scope economies by sharing significant parts across product lines and with other manufacturers in joint ventures. Technological developments had some effect, but Toyota took the decision to centralize these activities in its global operations in its third globalization program. Deregulation and the lowering of trade barriers gets little mention in the case study, but was influential in that how China opened up its markets to outsiders, in turn, shaped how Toyota moved into that market through the setting up of alliances and joint ventures...
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