...Introduction In first look, Globalization, internet & entrepreneurship have a weak relation with each other. But if you observe more precision, you can find many relation between them. For example Globalization accelerates the change of technology. Every day it seems that a new technological innovation is being created. The pace of change occurs so rapidly many people are always playing catch up, trying to purchase or update their new devices. Technology is now the forefront of the modern world creating new jobs, innovations, and networking sites to allow individuals to connect globally. All of Globalization, internet & entrepreneurship terms are very popular nowadays but many people don’t know the real meaning of them and the relationship between them. In this article we try to clear the relations. First of all, we have to define the terms. Globalization The most important term in this subject is globalization. Globalization is only a description, describing the state humanity is in right now. It is not simply an economical term, it affects our whole life. It means that we are all interconnected, and physically we are like individual cells of the same body. It is a state we arrived through our evolution, and it is a state we cannot escape. Globalization doesn’t have a clear & brief definition but according to business dictionary globalization means “The worldwide movement toward economic, financial, trade, and communications integration. Globalization implies the opening of local...
Words: 1554 - Pages: 7
...THE IMPACT OF THE INTERNET ON GLOBALIZATION Purpose To examine the impact of the Internet on globalization from a global business standpoint. Thesis Statement The Internet has significantly affected globalization. Globalization, a growing phenomenon that can be described as a “shift toward a more integrated and interdependent world economy” (Hill 7), has been the subject of many books and discussions for the past decade. Along with the development of microprocessors, the Internet is perhaps the most significant technological innovation of our time, playing a substantial role in the growth of globalization. The Internet facilitated the expansion of the movement toward a global village through the creation of cheaper, faster and easier means of communication, the provision of a vast pool of information, and the expansion of e-commerce. The Internet provides a cheaper, faster and easier method of communication, an alternative that has created a “global audience”, as mentioned by Renato Ruggiero, director general of the World Trade Organization. In assessing the cost of long distance phone calls versus that of online voice chat sessions, the Internet is much more affordable and also superior in quality. Many web users now possess web cameras, microphones, and all the software necessary to support this hardware. This allows users to speak, see, and be seen by the person they are having a conversation with. People from Asia can carry conversations with Europeans, Americans...
Words: 1322 - Pages: 6
...Cannibalization Related to Retail Cross Channelization Brandon Toliver, Student, EMSE 6573 Spring 2016 Abstract: The expansion of many businesses in the online environment has been delayed as a result of an assumed negative impact on traditional sales. This presumed cross channel cannibalization should be based on a more empirical analysis that promotes informed decisions. An examination of related existing literature and research will be utilized to present a solution to the following problem: anticipated assumptions, concerns and fears are impacting organizations utilization of the Internet for fear of cross channel cannibalization. The proposed solution presented combines several established quantifiable equations and methods, producing a standardized method of analysis regarding the impact of online sales. This brief paper contends that online sales pose no immediate cannibalization of tradition sales, making these concerns relatively baseless. Problem Overview The phenomenon of concurrent channels being provided by the same company is fairly new, but the emergence of the Internet as an enduring market necessitates the adaption of online retail in order to remain competitive [1][3]. Late entrants into this market are apprehensive about the Internet’s bipolar nature, since it has already demonstrated its ability to catalyze both opportunities and threats [5]. The dot.com bust of the 1990s increased many retailers’ hesitance in expanding their operations to utilize the Internet...
Words: 1457 - Pages: 6
...| I.T. for Globalization, Michigan, and the US | | | James Alexander Galarneau; John Allen; Fadi Shatara | 2/6/2013 | | Abstract: Globalization is the process of integrating human societies, economies, politics, and cultures across the globe. The purpose of globalization is to connect people together and spread information and resources in a more efficient way. Globalization allows integrating economies and societies. Globalization provides tools to become more productive members of society. It is a way of understanding how other parts of the world function. We access this information through a variety of sources such as, databases, information technology systems, computers, smartphones, internet, and social media. Many of the products and services we use today are created as a result of globalization efforts. Different countries in different regions of the world specialize in different aspects in the production of everyday items. In the effort to lower costs of products, different parts of products are made around the world for a lower price which benefits us as consumers. The spreading of globalization has resulted in many occupations that are outsourced to foreign countries due to the fact that cheaper labor can be found worldwide. The Role of the Internet The creation of the Internet has greatly contributed to Globalization. The Internet can be show to have played a role in triggering the wave of Globalization that we continue to see today. Internet...
Words: 1517 - Pages: 7
...and 2000.Today, approximately 55 percent of the North American population is online (Howard Rainie,2002) There are several areas that using internet would benefit . Most people using internet for entertaining. Facilities like listening to online music, downloading music and movies provide a platform for entertainment. Many students use it for educational purposes, like for finding study material or for applying to some college or university.( Hemangi Harankhedkar,2011) The use of the Internet for networking and communication is very popular among all age groups. Those platform are used for people, who can share their photographs or video, communicate with each other by using chat website such as Skype. However, there are several negative impact on society as mentioned in(Darrell...
Words: 713 - Pages: 3
...What is the internet and how has it effected the lives of many people? Discuss both its benefits and setbacks. Are there more advantages than disadvantages? Present your opinion with explains and example Today, in the era of globalization, the role of Internet has become one of the most important parts in our life. It can be defined as a global system of interconnected computer networks that use the standard Internet Protocol Suite (TCP/IP) to serve billions of users worldwide, it is also considered as a huge electronic library of humanity which contains a lot of information and knowledge. Therefore, it is probably to say that people cannot live without Internet today, however, the Internet has both its advantages and disadvantages. In the positive side, there is one thing that we can see easily is that Internet can be used to communicate people from every part in over the world within a few clicks. As an example, for international student like me, when I want to communicate with my family or my friends, I just use the online chatting system like Yahoo or Skype to talk with them, even we can see each other through video call system. It is more convenient, cheaper and faster than using mobile phone. A part from that, the Internet is very useful for those who like shopping but lazy to go out, it is the online shopping system like Gmarket, this is one of the famous websites in Korea. You can buy anything like clothing, shoes, bags etc. on this website by just clicking and choosing...
Words: 444 - Pages: 2
...images from the Internet or other sources. I further agree that my name typed on the line below is intended to have, and shall have, the same validity as my handwritten signature. Student's signature (name typed here is equivalent to a signature): Robert Bosaaen, Joe Lindsay, Priyal Patel Amazon.com: Global Strategic Initiatives Strategic planning initiatives play an integral role in the success of an organization. Strategic planning drives the goal of expansion and globalization in particular for most organizations. Whereas growth is important, it is also to maintain proper initiatives which are commensurate with the organization’s capacity and ability to grow accordingly. Amazon.com, one of the most successful online companies in the Internet’s relatively young history, is a beacon of strength and solid strategic planning in global industry. Through careful planning, Amazon’s management clearly understands the caveats of strategic and financial planning initiatives, and has a steady grasp on the impacts of these initiatives on costs, sales, and future growth. This understanding allows Amazon to plan accordingly and manage the associated risks that accompany its growth model. One strategic planning initiative in particular created a foothold for...
Words: 1167 - Pages: 5
...and Trends, that Facing Hospitality Industry WANG Jin-zhao1 WANG Jing2 Abstract: This article presents findings of issues, challenges and trends that hospitality industry might fact in the year ahead respectively. Top issues that will influence the global hospitality industry in the year ahead include sustainable development calls for green hospitality, labor cost, multicultural issues and higher education. Challenges that facing hospitality include will include operating issues, marketing issues, technological issues and economic issues. Identified ten key trends that, taken together, we believe will shape the hospitality sector this year and for years to come include rapid growth in vacation ownership, integration & globalization, new management. Key words: Issues; Challenges; Trends; Hospitality Industry 1. ISSUES IN HOSPITALITY INDUSTRY 1.1 Sustainable Development Calls for Green Hospitality Going green is a white-hot issue in the hospitality-design industry. People are beginning to look at sustainable solutions in a whole new way. The perception of green has changed; it has gone from a fringe movement to mainstream. As a sign of its sweeping popularity, one of the best attended sessions at the recent Lodging Conference in Phoenix was: “Going Green: Environmentally Profitable Hotels.” Some of the pioneers of the green hospitality movement, there were to share their challenges and triumphs in working toward a carbon constrained future. The basis of...
Words: 2650 - Pages: 11
...BUSINESS GOVERNMENT AND SOCIETY THE POWER OF INTERNET AND ITS IMPACT IN INDIA INDIVIDUAL ASSIGNMENT PGDM[2013–15] BY: R O H I T K U M A R G O E L [DM15142] SECTION 1 Page |2 CONTENTS S.NO. I II III IV V TITLE INTRODUCTION IMPACT ON BUSINESS PRACTISES AND SOCIETY IMPACT ON GOVERNMENT AND SOCIETY CONCLUSION REFERENCES PAGE NO. 3 3 6 6 8 GREAT LAKES INSTITUTE OF MANAGEMENT | Introduction The internet is a medium that is soaring in polarity in almost every facet of the world and is used for a myriad of reasons by persons, universities, governments and businesses. It is the network that facilitates communication among all the smaller networks and individual computer systems that connect to it. It is growing at an impressive rate due to the many services it facilitates, the ease with which services can be created, the presence of a single standard and the global reach that makes national boundaries invisible. With the dramatic increase in bandwidth, decreasing communication costs and an everincreasing number of organizations using it, the Internet has ushered in a revolution. As far as businesses are involved, the internet usage has been tested to a variety of experimentations that seek to determine the viability of using the internet to improve business practices in various industries in India. One particular aspect of business is that the internet marketing has a great impact on society. Around the world, developed countries have improved their communication systems...
Words: 3214 - Pages: 13
...The Elephant and the Dragon is an amazing book about globalization and the rise of the international market specifically in China and India. The book digs deep into the history of China and India to unravel the phenomal growth which has been taking place within the last decade. In fact these two countries were once extremely sheltered and self-imposed however understood and realized the opportunity for major growth would take its country to new heights. The Chinese were essentially influenced and inspired by Singapore to accept capitalism. Although communist, their leaders prized political stability, and they were willing to reverse the very essence of their party doctrine to accept and achieve capitalism. The communist party made it clear however, that they would allow economic freedom but not political freedom. They took very great measures to stay in control, some may even say too harsh. Furthermore, China was after more than just jobs, they were after modernization itself. The Chinese government made it very attractive for Americans and other firms to build factories, hire Chinese workers, and bring in the modern world’s expertise into China. However with all the talk about modernization, China’s government still placed the perceived needs of the state well ahead of individual liberties. In contract, following its independence from Britain, India had spent decades in economic exile. It took them much longer to modernize and accept some forms of capitalism. In fact...
Words: 1730 - Pages: 7
...Organizing Paper MGT/330 March 20, 2011 Andrew Seamons The biggest component to all organizations is the organizing functions of management. The organizing functions of management will establish the different levels of management within the organization and provide resources to all employees to work towards a common goal of the organization. The key to organizing functions of management will help determine goals along with objectives, responsibilities, and resources. This paper will address two resources, such as knowledge and technology that are key factors in the organizing function of management at Prudential Insurance Company of America. With any organization, knowledge of the customer needs is just as important as the knowledge of the products. Prudential is known for their innovative products due to their knowledge and experience in helping their customers. Prudential Insurance Company of America is one of the largest and well known insurance companies worldwide. Prudential was founded by an insurance agent named John Fairfield Dryden in the downtown Newark, N.J., in 1875. It was the first company in the United States that offered life insurance and industrial insurance which provide funeral and burial expense for all working class. Prudential’s sales expanded from New Jersey to New York and Philadelphia. The growth sales and assets grew...
Words: 1200 - Pages: 5
...Marxism, Fascism and Technology Carol Dietrich | | Marxism, Fascism, and Technology | | In his work, Karl Marx stressed that technology had a dual potential: to exploit, dominate, and/or to emancipate, liberate humanity. In the first volume of Capital, Marx demonstrated the way in which competition and the “werewolf hunger” of the capitalist to increase relative surplus value drove producers to introduce new, more efficient technology whenever possible. This constant social compulsion to innovate technologically led to driving down the value of wage labor, while also increasing the material wealth of society as a whole. By the same token, technology, such as automation, he assumed, had the potential to reduce wage labor and thus increase the scope of individual freedom (Abromeit, 2010, p. 90). In his 1941 essay “Some Social Implications of Modern Technology,” Herbert Marcuse analyzed technology in terms of its power to transform society, and he developed a theory of “technological rationality,” the belief that “rationality is embodied in the coordinated apparatus of production itself” (Abromeit, 2010, p. 89). According to Marcuse (1998), “He is rational who most efficiently accepts and executes what is allocated to him, who entrusts his fate to the large scale enterprises and organizations which administer the apparatus” (p. 60). Marcuse linked his concept of technological rationality to the rise of large corporations, increased state intervention in the...
Words: 1276 - Pages: 6
...In the modern world, our privacy is constantly being violated without our consent. This is due to information that is easily available. Whether you’re walking down the street, taking the subway, purchasing online items or in a store, chatting online, we are constantly under someone’s watch. Hacking, picture leaks and theft of private information are becoming recurrent issues in the 21st century. Some believe this may not be an issue but others are concerned with the impact it could have on our lives. The twentieth century was particularly marked by the growth of the Internet and the rise of social media programs. This has raised the population’s awareness about their privacy rights. A lot of information can be found online including credit...
Words: 1336 - Pages: 6
...(Krotoski, 2010). Twenty years ago, this act of releasing the technology for free had been a revolution. Twenty years later, this snowballing age cyber age – with Twitter, Facebook, Skype, YouTube, Google and a maze of other electronic avenues – has engulfed the lives of today’s youth, where playing out into the fields has been replaced by surfing over the internet. Researches show that 87% of the youth today go online, representing 21 million youth (Weiss, 2005). It has become a growing concern in the society, especially among the parents, about the cyberspace’s detrimental impacts upon the teenagers since it is concealed beneath the whitewashed faces of social media and other sites and generates addiction resulting in reduced efficiency of the students. Furthermore, it exposes them to the dangers of cyber bullying, and ruins the teenagers’ creativity and originality; not to mention, it also creates destructive impact upon family bonds. The creators of social media and other beguiling websites assert that the growth in the use of Internet is leading towards modernization among youths. It enables accelerated exchange of information and opens up diverse opportunities for valued learning, responsibility, and independence. Students can learn to manage time and resources effectively, master meaningful context, and communicate this information clearly to the intended audience (Wakefield & Rice, 2008). An admirable example of such...
Words: 1552 - Pages: 7
...iBM 1. 2. Analyze IBM strategies, to remix their businesses in order to move to the emerging higher-value spaces, in Macro and Micro environment level 3. IBM strategy PESTEL analysis in Macro level Five forces analysis in Micro level Recommendation Conclusion SOWT analysis Complexity analysis 4. o IBM understood Value was shifting in the IT industry, driven by the rising tide of global integration, a new computing paradigm and new client needs. o Economies of developing nations were growing rapidly, driven by historic investments in fundamental business infrastructure. Enterprises were looking to tap skills and expertise available all over the world and to integrate their operations globally. o Change in computing architecture was rippling across the data center and the network, along with a proliferation of technology infused into all aspects of work and life. Companies were seeking to integrate advanced technology with their business processes and operations, not only to reduce costs, but to enable innovation and growth. o IBM remixed their businesses in order to move to the emerging higher- value spaces by focusing on software and IT industry. IBM Strategies 5. IBM Strategies Hardware And Services Software IBM sold the personal computing department To Lenovo 6. PESTEL Analysis for Macro environment factors Social Political Technological Environmental Economic Legislative 7. Iraq War in 2003, affected world economy, and IBM stock fell down. Technology affects directly...
Words: 1417 - Pages: 6
