Globalization

globalisation By HEBSMB49 Workshop 1 assignment delinquent January 18, 2011 Submitted January 18, 2011 Globalization Introduction Modern technology has for good and dramatically altered the landscape in which businesses play. Advances in computers and telecommunications concord enabled businesses to operate around the clock, reducing the amount of resources wasted, while maximizing aptitude and providing maximum results to sh atomic number 18holders and consumers alike. What is Globalization? Globalization refers to the move by which barriers to trade between countries ar reduced or eliminated, advances in transportation and communication make distances between countries immaterial, and field economies argon gradually merging into an integrated world thriftiness (Hill, 2009, p. 4). Globalization allows countries to produce and export the goods and services at which they are most(prenominal) efficient, while importing the goods and servic es from other countries at which those countries are most efficient. This allows goods and services to be produced and offered at the lowest attainable prices for the consumer. Several international trading theories support the concept of globalization, including the globalization of markets and the globalization of production.

Globalization of markets refers to the trend of multi-national companies selling their products in countries where they antecedently had no presence. A prime example of this is the world-wide expansion of McDonalds restaurants into international markets. From humble beginni ngs as a one-store operation in San Bernardi! no, CA in 1940, to more than 32,000 restaurants in 117 countries, with 1.7 million employees (McDonalds, 2010), McDonalds is the epitome of market globalization. Other examples of market globalization puzzle such American brands as Coca-Cola, Pepsi-Cola, and Starbucks coffee. Each of these companies have sagaciously expanded their market share in countries other than the United...If you subscribe to to get a full essay, order it on our website: OrderCustomPaper.com

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