advantages and the disadvantages of the ASIAN REGIONALISM
Answers
Answer:
Access to new culture: business globalization allows organisations to get access to a new culture.
Access to new talent: it can be stated that for opening the new business in China, the company needs to focus on practicing diverse workforce. The diverse workforce is effective in increasing productivity level with a larger range of skills
Access to new markets, by expanding business
Increased flow of capital, increased trade to more diverse and larger markets helps to generate greater revenue and profit.
Disadvantages-
High investment costs, for opening a new plant or purchasing a franchise in a new country, there is a necessity of a lump-sum of amount.
Confusing legal system, the legal system can create major difficulty for the firms in globalization.