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Business Globalization
Business globalization is generally connecting economic regions worldwide in a network of trade, communication and transportation. The companies that use these networks manage resources on a global scale to meet their financial goals.
1,232 Questions
Does immigration affect businesses?
Yes, immigration does affect businesses. Immigrants that apply for jobs must have a certain level of documents in place to prevent the company form violations. Companies are required to provide training materials and employment materials that the individuals can understand even if they have limited English skills.
How can the process of globalization pose a threat to traditional cultures?
Answe Unique cultural traditions can be lost as cultures around the world become more similar. r this question…
What are the current issues in international business?
The issues facing international business are widely varied and differ from industry to industry. It would help to know what type of international business is being inquired about, as an international mining group will face very different issues from an international banking organization.
What is the impact of globalization on tourism?
Positive:
- More jobs
- More tax revenue
- Can fund infrastructure
Negative:
- Pollution (e.g. air, noise, visual)
- Crime
- Losing the area's culture (globalisation)
How is industrialization and globalization related?
globlization and mcDonalization are system of capitalism
How much is 20000 Turkish old Lira worth in new?
There are 1,000,000 old lira in 1 New Turkish lira, so your old lira have little money value, just curiosity value.
Any remaining old lira has to be converted at either the Turkish Central Bank or T.C. Ziraat Bank branches, at the rate of 1 million old lira = 1 new lira.
Compare international business and domestic business?
The key differences between domestic and foreign business environments include various trade regulations that must be followed. These regulations apply to both your own country and the country in which you wish to do business.
What globalization a disadvantage for developed nations?
outsourcing replaces workers in developed nations with workers in developing nations
What are the benefits of globalisation to MEDC's?
no it hasn't because in medc the factories close down to go to poorer countries where they don't have to pay the workers as much so all the people that worked in the factories in MEDC loose their jobs so globalisation doesn't have a good effect on medc.
The definition for global environment?
The ICFAI center for management research state that the global business environment can be defined as the environment in different sovereign countries, with factors exogenous to the home environment of the organization, influencing decision making on resource use and capabilities. This includes the social, political, economic, regulatory, tax, cultural, legal, and technological environments.
The political environment in a country influences the legislations and government rules and regulations under which a foreign firm operates. The economic environment relates to all the factors that contribute to a country's attractiveness for foreign businesses.
Every country in the world follows its own system of law. A foreign company operating in that particular country has to abide with its system of law as long as it is operating in that country. The technological environment comprises factors related to the materials and machines used in manufacturing goods and services. Receptivity of organizations to new technology and adoption of new technology by consumers influence decisions made in an organization.
As firms have no control over the external environment, their success depends upon how well they adapt to the external environment. A firm's ability to design and adjust its internal variables to take advantage of opportunities offered by the external environment, and its ability to control threats posed by the same environment, determine its success.
Why has globalization contributed to the rise of intentional terrorism?
Globalization can bring about dislocation and inequality.
What is the definition of global business?
The ICFAI center for management research state that the global business environment can be defined as the environment in different sovereign countries, with factors exogenous to the home environment of the organization, influencing decision making on resource use and capabilities. This includes the social, political, economic, regulatory, tax, cultural, legal, and technological environments.
The political environment in a country influences the legislations and government rules and regulations under which a foreign firm operates. The economic environment relates to all the factors that contribute to a country's attractiveness for foreign businesses.
Every country in the world follows its own system of law. A foreign company operating in that particular country has to abide with its system of law as long as it is operating in that country. The technological environment comprises factors related to the materials and machines used in manufacturing goods and services. Receptivity of organizations to new technology and adoption of new technology by consumers influence decisions made in an organization.
As firms have no control over the external environment, their success depends upon how well they adapt to the external environment. A firm's ability to design and adjust its internal variables to take advantage of opportunities offered by the external environment, and its ability to control threats posed by the same environment, determine its success.
Explain the role of SWOT analysis as a tool of facilitating strategic choice at the business level?
Managers use SWOT to determine what opportunities they would like to go after within the market. At the business level, this impacts what products are produced each day in a manufacturing business.
Why are hydrocarbons insoluble in water?
Aromatic hydrocarbons are not necessarily insoluble in water. Benzene is slightly soluble in water: 1.79 g/L at 25 deg C. Compounds such as benzoic acid or phenol are much more soluble in water due to their stronger dipole moments.
How did Globalization changed world politics?
Answer this question…
It has encouraged many governments to adopt democratic reforms.
What statement accurately describes a significant effect of globalization?
Improvements in technology made international communication easier.
What are the disadvantages of a free market economy?
DISADVANTAGES
- No provision of merit goods like education, health, housing... so the poor will be deprived of the merit goods. In this way the rich becomes richer and the poor becomes poorer.
- No provision of public goods (bus stop, garden, street lighting, army, police, fire services) important requirements for public goods not provided since it is not profitable to produce as consumers are not directly willing to pay for them.
- Over consumption of demerit goods (drugs, cigarettes, alcohol) if consumers have a preference for these goods, then they will be provided given that they are profitable to produce.
- Social cost ignored e.g. private firms ignore negative external factors (air, water and noise pollution, road conditions etc;)
- Wastage of resources
- Social injustice
- Economic instability
What is the SWOT analysis of India?
Strengths
Huge pool of labour force
High percentage of cultivable land
Diversified nature of the economy
Huge English speaking population, availability of skilled manpower
Stable economy, does not get affected by external changes
Extensive higher education system, third largest reservoir of engineers
High growth rate of economy
Rapid growth of IT and BPO sector bringing valuable foreign exchange
Abundance of natural resources
Weakness
Very high percentage of workforce involved in agriculture which contributes only 23% of GDP
Arround a quarter of a population below the poverty line
High unemployment rate
Stark inequality in prevailing socio economic conditions
Poor infrastructural facilities
Low productivity
Huge population leading to scarcity of resources
Low level of mechanization
Red tapism, bureaucracy
Low literacy rates
Unequal distribution of wealth
Rural-urban divide, leading to inequality in living standards
Opportunities
Scope for entry of private firms in various sectors for business
Inflow of Foreign Direct Investment is likely to increase in many sectors
Huge foreign exchange earning prospect in IT and ITES sector
Investment in R&D, engineering design
Area of biotechnology
Huge population of Indian Diaspora in foreign countries (NRIs)
Area of Infrastructure
Huge domestic market: Opportunity for MNCs for sales
Huge matural gas deposits found in India, natural gas as a fuel has tremendous opportunities
Vast forest area and diverse wildlife
Huge agricultural resources, fishing, plantation crops, livestock
Threats
Global economy recession/slowdown
High fiscal deficit
Threat of government intervention in some states
Volatility in crude oil prices across the world
Growing Import bill
Population explosion, rate of growth of pobulation still high
Agriculture excessively dependent on monsoons
Posted By: Muhammad Muavia Khan
How does the impact of globalization benefit developed countries more than developing countries?
outsourcing replaces workers in developed nations with workers in developing nations
What city is called the financial capital of the USA?
New York is the headquarters of the NYSE, AMEX, NASDAQ, NY Mercantile Exchange, many commodity exchanges, and most of the large banks, broker-dealers and investment banks, despite the volume of capital exchanged electronically.
What Globalization and advantage and disadvantage of globalization for the US?
Definition: growth to a global or worldwide scale
Advantages:
- It increases free trade between nations
- Greater interdependence of nations-states occurs
- Increases in environmental protection in developed nations
- Better education is provided
- Life expectancy is longer growing worldwide
- It also increases standard living
Disadvantages:
- people from other countries come to ours for a small amount of money which is good for them but for us it eliminates jobs since we cost more money than people from other countries
- It also causes greater risk of diseases being transferred across countries
- Greater chances of reactions for globalization being violent in attempt t preserve cultural heritage
that is all of the facts i have at the moment
What happen when demand and supply are not equal?
When demand is higher than supply prices are going up, at some level customers don't want to buy and sales are going down.
When supply is higher than demand prices are going down, at some level demand is again higher than supply and prices are going up.
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.
