Globalization Is A Key Component Of A Corporation 's Global Business Strategy

“Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world” (The State University of New York, 2014, para 1).

According to Information System Today, (2014); Globalization will fall under all the categories of technology that move around the world “the greater international movement of commodities”. Globalization has change all aspect on how we do things, from ecumenical changes, cultural changes to technological changes. We are able to manage various things around the world with the comfort of our home (Schneider & Valacich, 2014). A perfect example of globalization would be the following: Leaving in Texas but having your clients or major business deals in Puerto Rico and been able to do it all from her home in Texas without having to do much traveling or no traveling at all. Been able to have conferences and meeting with different people around the

Globalization may be defined as the integration of the world 's people, firms and government. In the modern context, globalization is usually the result of closer ties in international trade, known as bilateral trade agreements. The WTO and NAFTA are two examples of such bilateral trade agreements. With such agreements, cross-country investment increases. This increase in investment is aided by the increase in information technology and communications, which has undergone a significant advancement over the last two decades with the rise of the Internet and mobile telephony (Green, 2013). It is important to the business to expand; global expansion and globalization would a positive business decision to complete in this process due to the strategic goals and objectives the company possesses. Healthy growth can be accomplished by globalization of specific areas selected and determined through research of market and development of these areas outlined within.

Globalization can be defined as the process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Pewglobal.org states "For more than a decade, globalization has been a deeply divisive topic among social activists, intellectuals, business leaders, policy makers and politicians." Globalization is a force that has had a huge impact on how the U.S. economy is shaped today. Technology has played an essential role on the huge impact that it has had all over the world. It use to take

On the other hand, the article highlights the importance of the effects that globalization and Information Technology (IT) have

The forces of globalization are generally credited with the major role played in increasing the access of organizations to countless resources. Due to market liberalization for instance, large corporations are able to import cheap resources from various global regions and as such patronize the market through price leadership strategies. Nevertheless, another crucial characteristic of globalization is that it allows economic agents an incremental access to larger customer markets. This virtually means that manufacturers get to sell their products to numerous global regions and exponentially increase their revenues.

Globalization has an important influence on people’s lives, and it is impossible to ignore that. But, what is it? “Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange” (BBC, n.d.. para. 2). In this scenario, it is possible to verify the fundamental participation of Internet, which is one of the greatest influencers in the connected world. Although the Internet is used for many different purposes, because of it people can keep contact with others, commerce has improved sales and nations can protect all the country.

There are many aspects to the positive impacts of globalization like improved information sharing in healthcare system and delivery, improved and rapid transport systems across country boarders, employment from foreign investments and the imports and exports that takes place among people, companies and governments across the world. The aspect of focus of this work is on the internet and the web which was not even mentioned earlier and certainly there are other aspects that have not been included.

Globalization refers to the changes in the world where we are moving away from self-contained countries and toward a more integrated world. Globalization of business is the change in a business from a company associated with a single country to one that operates in multiple countries.

Globalization is the increasing interdependence and connectedness of the world, its businesses and it markets, as well as flow of goods, ideas, technology, people etc. This phenomenon has increased vastly over the years due to technological advances, telecommunications and internet. As the world becomes a global economy, countries have the opportunity to advance more but with the catch that there is also increased competition. Thus as it becomes more common and powerful a feature, it also has some resistance as well. (InvestorWords, n.d.)

The transmutations of technology and capital, work together to create a new globalized and interconnected world. (Castell, 1998) A technological revolution involving the creation of computerized network of communication, transportation and exchange is the presupposition of a globalized economy, along with the extension of a world capitalist market system that is absorbing evermore areas of the world and spheres of production , exchange and consumption. The technological revolution presupposes global computerized networks and the free movement of goods, information and people across national boundaries. Hence the internet and global computer networks make globalization possible, by producing a technological infrastructure for the global economy. Globalization has an effect on employment patterns worldwide. It has contributed to a great deal of outsourcing which is one of the greatest organizational and industry structure shifts that changes the way business operates (Drucker, 1998). Globalization is also seen as changing organizational structures where expenses can move up or down as the business climate dictates (Garr, 2001). For employees the trend toward outsourcing has been thought to result in a loss of fixed employment opportunities as a consequence of firms seeking to use cheap labor from countries like China, Mexico and even Africa. The globalized economies have

The business world heavily relies on globalization. In order to remain competitive in their respective markets, corporations need to branch out to other countries, capturing more of the market share. This will not only cost a company a large amount of cash, but it also stresses their employees. Firms need to ensure they are sending the right managers to their offshore locations, or they could face dire consequences in both market share and employee attrition rates. Emphasis must be placed on properly training managers how to interact with citizens from the target country. This will ensure employees and customers are approached in the appropriate manner, quality employees are properly trained and retained, and companies’ expansions are possible.

“Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology” (Globalization 101). Technology has been a principal driver of globalization. With the use of an iPhone people interact globally via social media such as Facebook, twitter, Instagram, along with others. Cell phones also serve as informational resources that connect individuals in all parts of the world through news, journals, scientific research, and infinite sources of knowledge shared by people globally. Technology, such as Apple, connects worldwide

The act of collaboration and incorporation among governments, people and companies in the different part of the globe in called globalization. The rising or the integration of globalization has had impact in the various aspect of mankind. Information technology has aided in the various aspect of globalization which include international trade and investment, education, health, environment, media, culture, human right and among others. The effects on these aspects of the well-being of the society is immeasurable.

The transmutations of technology and capital, work together to create a new globalized and interconnected world. (Castell, 1998) A technological revolution involving the creation of computerized network of communication, transportation and exchange is the presupposition of a globalized economy, along with the extension of a world capitalist market system that is absorbing evermore areas of the world and spheres of production , exchange and consumption. The technological revolution presupposes global computerized networks and the free movement of goods, information and people across national boundaries. Hence the internet and global computer networks make globalization possible, by producing a technological infrastructure for the global economy. Globalization has an effect on employment patterns worldwide. It has contributed to a great deal of outsourcing which is one of the greatest organizational and industry structure shifts that changes the way business operates (Drucker, 1998). Globalization is also seen as changing organizational structures where expenses can move up or down as the business climate dictates (Garr, 2001). For employees the trend toward outsourcing has been thought to result in a loss of fixed employment opportunities as a consequence of firms seeking to use cheap labor from countries like China, Mexico and even Africa. The globalized economies have