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Ensure that their government and public officials are not corrupt.

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What are the benefits and consequences of globalization?

The benefits of globalization is that it provides a better place to live in and solve unemployment and poverty. The drawbacks of globalization is that it is good for the high class people and bad for the poor people.


What is one of the drawbacks to globilization?

One of the drawbacks of globalization is the potential for economic inequality, as it can exacerbate disparities between wealthy and developing nations. While globalization can lead to increased trade and economic growth, it often benefits multinational corporations and affluent countries disproportionately, leaving smaller businesses and poorer nations struggling to compete. This can result in job losses and reduced wages in certain sectors, leading to social and economic tensions both locally and globally.


How does globalization impact ethical behavior in today's business world?

Globalization influences ethical behavior in business by increasing exposure to diverse cultural norms and values, which can lead to varying interpretations of what constitutes ethical conduct. Companies operating internationally may face pressure to adapt their practices to align with local customs, sometimes resulting in ethical compromises. Additionally, the interconnectedness of markets can amplify the consequences of unethical behavior, as information spreads rapidly, affecting a company's reputation globally. Ultimately, globalization necessitates a more nuanced approach to ethics, encouraging businesses to adopt globally recognized standards while remaining sensitive to local practices.


What is the impact of the Globalization in todays world?

Globalization has significantly interconnected economies, cultures, and societies worldwide, facilitating the exchange of goods, services, ideas, and technologies. This interconnectedness has led to economic growth and increased access to markets, but it has also contributed to income inequality and cultural homogenization. Additionally, globalization impacts environmental issues, as production and consumption patterns shift globally. While it fosters innovation and collaboration, it also presents challenges such as job displacement and the erosion of local traditions.


How does the extent of competition in a firm's domestic market shape its ability to compete globally?

The extent of competition in a firm's domestic market significantly influences its ability to compete globally by driving innovation, efficiency, and adaptability. Firms facing intense domestic competition are often compelled to improve their products and services, streamline operations, and respond more quickly to consumer demands. This competitive environment fosters a culture of continuous improvement, equipping firms with the skills and resilience needed to navigate foreign markets. Additionally, a strong domestic competitive position can provide the resources and confidence necessary for international expansion.

Related Questions

Where you can found training or seminar about pdms in the Philippines?

we dont have this one poor people who want to be globally competitive in designing.. ouch


What are the benefits and consequences of globalization?

The benefits of globalization is that it provides a better place to live in and solve unemployment and poverty. The drawbacks of globalization is that it is good for the high class people and bad for the poor people.


Is your educational system globally competitive?

yes...our school is a global community, the subjects offered are similar or the same with other countries. we learn what other student from different countries are learning which makes the educational system globally competitive.


What is the importance of having competitive information system in the company?

helps the company to grow globally


What is the importance of having a competitive information system in a company?

helps the company to grow globally


What is importance of having a competitive information system in a company?

helps the company to grow globally


What is the importance of k-12?

k to 12 is a new curriculum for Filipino skill,to be globally competitive!


How company's become globally competitive?

A certain company would become globally competitive ifThey must have global competitive workers with diversified skills and expertise is certain regions to produce a global competitive products. It means they must have to hire international experts for their certain target markets. For example if their target markets are in Asia then they must hire Filipinos or Chinese or Indians who knows the culture, taste, and demands in Asia. Why Filipinos, Chinese or Indians? Because the 3 mentioned nationals are having the highest population in Asia and they would tend to be dominant in most markets. Their worker also must have a globally competitive tongue. If they will hire Koreans or Vietnamese then they must have to be sure that such people could be understood by the global customers.Their products or services are globally competitive. Meaning they have the ability and capability to compete their product or services globally with other global competitorsThey have access to the international markets to compete globallyThey have enough fund to boast investment or to cater the global demands of their products or servicesKnowledge and expertise the rules and regulations in competing globally.


How are the various factors of production affected by global competition do you manage people any differently in a globally competitive environment?

Global competition means that there is more competition with companies that may have lower costs of production. In a globally competitive environment, you have to train employees to be more culturally sensitive.


What is a sentence for globalization?

E-mail and Internet have linked the entire worldinto a global village.


How has globalization affected education?

The effects of globalization in education is that students from all over the world are learning the same material in the same ways. This allows employers to hire people globally and expect them to have the needed skills.


What production method uses computer technology to make the US more competitive globally?

Lean Manufacturing, CAM, & CAD.