write short notes on.good and bad impact of globalization?
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Globalization in short, points to the whole effort towards making the world global community as a one village. Goods that were only found in western ...
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Economics
Positive and negative effects of Globalization
5372 words (21 pages) Essay
17th Sep 2020 Economics Reference this
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EXECUTIVE SUMMARY.
Business management is the act of getting people together to accomplish desired goals and objectives. Globalization in short, points to the whole effort towards making the world global community as a one village. Globalization on business management is interconnection of international markets and managing businesses in a global industry. This includes foreign investments whereby a company expands its business and invest in foreign countries.
Globalization makes business management easier and efficient for the company.
Based on my research, Globalization simplifies business management in the world. This is due to the advancement in technology, transport, communication, education, and regulations of trade that makes trade fair to all parties. This attracts more people to engage in international business and international trade. Managers within the global face a lot of challenges due to high competition in the industry, good decisions must be made in order to satisfy and maintain their customers and attract more customers for their products. Companies enjoy economies of scale in the business due to reduction of cost in the management.