What kind of impact will globalization and international business environment create on Indian businesses?

Answer 1

Introduction

Every day we hear it on the news, read it in the papers, overhear people talking about it… and in every single instance the word globalization seems to have a different meaning. So, what is globalization? What are its main drivers? Why and how does globalization impact international business? What's the future of international business? This paper, through conceptualizing the significance of globalization for international business and explore core concepts of the international business

Reflect Of Globalization On International Business

Globalization refers to the increasing unification of the world's economic order through reduction of such barriers to international trade as tariffs, export fees, and import quotas. The goal is to increase material wealth, goods, and services through an international division of labor by efficiencies catalyzed by international relations, specialization and competition. It describes the process by which regional economies, societies, and cultures have become integrated through communication, transportation, and trade. The term is most closely associated with the term economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, the spread of technology, and military presence. However, globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factors. The term can also refer to the transnational circulation of ideas, languages, orpopular culture through acculturation. An aspect of the world which has gone through the process can be said to be globalized.

Against this view, an alternative approach stresses how globalization has actually decreased inter-cultural contacts while increasing the possibility of international and intra-national conflict.

Reflections on Globalization and its impact

On International Business

The term globalization did not become popular until the 20th century. Then onwards, it has become a typical issue understood to affect the whole socio-economic and political life of states throughout the world. Besides, the discourse on globalization is complex with far-reaching effects on national and international laws and policies pertaining to the social, economic and political matters.

It is commonsense knowledge that issues related to globalization are open to debates, as various people have varying perceptions about it. At one extreme, we have those who see..

Analyze Globalization's Role In The Development Of International busIness.

Analyze globalization's role in the development of international business.

In today business world, globalization seems to be an important tool for businesses to positioning themselves in borderless trade system. As we all know that globalization is the worldwide trend which economics of every country all over the world become integrated to another. This integration phenomenal is cause from technological advances, the flow of capital, free-market capitalism, lowing tariff barriers, privatizing enterprises, and the migration of people across international borders. In the mean time, globalization can also descript when businesses are expanding their operations to new countries or marketplace also. In a global marketplace, any company from any country can become a competitor to the other.

Most of company tend to change themselves from "domestic-only" – companies that do business only within their own country – into multinational company or seeking new opportunities to go aboard by expanding theirmarket, moving their facilities into developing countries, or diverse themselves to another region such as having their headquarter in Northern Europe and having their branches in Europe, North America, or South East Asia.

Since Fashion became more idealistic and individualization; most ideas came from all over the world with magazines and recently the internet. Thus the fashion industries are become more global. As a topic is to analyze the globalization's role in the globalization processes and forces that have been the development of international business; therefore I we have chosen the Swedish clothing chain Hennes & Mauritz

(H&M). The chain was founded by Erling Persson, a Sweden, in 1947.

Arthaf M.k

Answer 2

A company should be very effective in its operational performance and should have good strategy, to perform well. It is very difficult for a company to outperform others merely on the strength of its operational effectiveness.

Due to rapid globalisation, industries in most countries are facing intense competition. Developed countries look for new markets for their products in new countries as their own home markets are maturing, while the emerging economies churn out superior products offered at lower prices since the industries in their countries look for larger markets.

Tremendous growth in transportation and communication has made accessing the modern and distant market easier. The entire world can be perceived today as a "Global Village‟5, wherein economic events in one country promptly affect other countries.