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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

What is the impact of globilazation on human resource management policies in respect of training and development in the South African public services?

What is the impact of globalisation on human resource management policies in respect of training and development in the South African public services

Some observers have criticized cultural globalization because it?

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can result in some traditional cultural institutions being replaced.

How has the growth in international trade and multinational corporations been responsible for growing importance of the study of international finance?

How has the growth in international trade and multinational corporations been responsible for growing importance of the study of interantional finance

What does asics stand for?

Application Specific Integrated Circuits.They Are used to serve a specific purpose for example the motherboard of your computer

What is a pincode?

a pincode is like your code of your place.

What is the difference between LC and DA?

DA mean documents against acceptance, where company give acceptance to pay their liabilities on due date, but he can pay remit the DA before its due date , but in case of Letter of Credit, UCP are not allowed to pay the LC liabilities before its due date.

Thanks

Anup Das

Forces of Globalization?

A number of factors have caused globalization. These include more efficient transportation, technology, global companies, as well as global trading.

What is remote environment analysis?

It is an evaluation of those external factors that have an impact on businesses where these have either little or no control over; it is generally developed out of an initial STEEPLE analysis where all the following factors are considered and argued in relation to certain organization:

Social

Technological

Economic

Ethical

Political

Legal

Ecological

Why are many strategic alliances temporary?

Some alliances are very short-term, only lasting long enough for one partner to establish a beachhead in a new market. Over time, conflicts over objectives and control often develop among the partners. For these (and other reasons), between 30-50% of all alliances perform unsatisfactorily.

What are the disadvantages of a free-market system?

A free market economy has its advantages as well as disadvantages. Some disadvantages are that a competitive environment creates an atmosphere of survival of the fittest. Wealth is not distributed equally, and there is no economic stability.

How Does Globalization Affect Customers?

Globalization affects customers by providing access to a wider variety of goods and services from around the world, often at lower prices due to increased competition. It also enhances the availability of diverse cultural products, allowing consumers to experience and enjoy different cuisines, fashion, and entertainment. However, it can lead to challenges such as homogenization of local cultures and potential job losses in certain industries. Overall, globalization can improve consumer choice and affordability while also posing risks to local economies and cultural identities.

How does developing countries benefit from globalization?

People in developing countries have access to innovations of the developed world. This includes computers, and cutting edge medical innovations.

Who are the participants of the global economy?

It is virtually a world without borders, inhabited by marketing individuals and/or companies who have joined the geographical world with the intent of conducting research and development and making sales.

What is the difference between a securities broker and a commodities broker?

Securities and commodities brokers differ in the investments they buy and sell. Securities brokers typically buy and sell stocks, bonds, and mutual funds. Commodities brokers buy and sell futures contracts for metals, energy supplies such as oil, and

Is globalization the same as westernization?

Not quite. Globalization means basically that we're travelling more, and selling and importing goods to and from all over the place. But globalization itself doesn't say anything about who's influencing who.

Westernization OTOH means that characteristics of Europe and North America are picked up more abroad than Europe and North America are picking up characteristics of the far East for instance.