StudentShare solutions
Triangle menu

Globalisation and the International Business Environment - Essay Example

Nobody downloaded yet

Extract of sample
Globalisation and the International Business Environment

64-65) as the opposite of localisation; it is the process of adapting products for use outside the home nation (think steering wheels in cars or Chinese versions of Windows). Firms must internationalise if they want to sell to markets outside their home country, because foreign markets have different cultures, needs and wants, demanding that firms make adjustments to products and services, organisational structures, leadership and people systems, and supply chains, amongst others.
In a landmark paper on the topic, Whitley (1994) observed that the post-war internationalisation process of firms was primarily driven by increases in foreign direct investment by transnational (or multinational) enterprises. This led to increased interdependence of the industrialised economies and changes in the world economy with the following characteristics: (1) the establishment of a distinct global system of coordination and competition, (2) the denationalisation of leading firms, and (3) the international standardisation of managerial structures and practices. It can be said that the natural progression from internationalisation to interdependence and greater integration of the world economy resulted in the complex phenomenon that we now call "globalisation".
Globalisation is a concept that is best described than defined because of its complexity. A simple definition, like "globalisation is the integration of the world economy, reshaping business, reordering lives, creating social classes, different jobs, unimaginable wealth, and wretched poverty" (Micklethwait and Wooldridge, 2000, p. xvi), would not do justice to the term because it focuses too much on the economic aspect. Globalisation is much more than just money, business, and wealth.
As Stiglitz (2002, p. 9-10) described it, globalisation "integrates countries and peoples, their economies and politics, their cultures and fates. It breaks down artificial barriers to the flow of goods, services, capital, knowledge, ideas, and (to a lesser extent) peoples across borders. It creates new institutions that joined with existing ones to work across borders". There are then good and bad sides, so whilst many condemn environmental degradation, corruption of cultures, and the spread of squalor, poverty, misery, and greed, many also praise the improved access to cheaper medicines and food, better living conditions, gradual eradication of poverty, and increased opportunities for millions of people around the globe.
Therefore, whilst many consider internationalisation and globalisation as synonymous terms, the former would refer to an outward process where firms adapt to and increase their presence in international markets, whilst the latter can be described simply as its natural integrating result. Globalisation is nothing new, but in its past incarnations, the inability of previous generations to manage its bad side has made it a factor that led to two of the bloodiest wars that mankind has ever experienced.
Knowing this background reminds us of what the philosopher Santayana said about learning the lessons of history so that we would not be doomed to repeat it.
Main Drivers of Globalisation
Like success which has many fathers, globalisation (according to whoever is the author) has many drivers (Yip, 2003; Johnson et al., 2003; Stiglitz, 2002; Micklethwait et al., 2000; Porter, 1990) that we can summarily classify into five groups. These drivers are the key ...Show more


This essay explains the concept of globalisation, identifies and appraises its main drivers, describes its extent and limits, and discusses its impact on business. In addition to the course text, other references on the topic were used and cited when appropriate.
Author : tdickens
Globalisation and the International Business Environment essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Globalisation and the International Business Environment"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Globalisation and Business
The paper discusses both positive as well as negative consequences of economic globalisation in order to identify the debatable issues along with the current state affairs. The responses towards economic globalisation by various policy makers and the corporate houses will also be depicted in this research paper.
13 pages (3250 words) Essay
International Business Environment: Impacts of Globalisation
The paper indicates that Strinidal (hypothetical) is a poor country with an average per capita of $2000 at market exchange rates, its population is only 40 million. The paper also reflects that the nation’s export base is very weak and this situation imposes serious threats to the Strinidal’s economic growth. This paper will critically analyse the World Bank’s suggestion for globalisation in Strinidal.
11 pages (2750 words) Essay
Impact of Globalisation on the Cultural Environment of Business
Impact of Globalisation on the Cultural Environment of Business Table of Contents Introduction 3 Findings 4 Theoretical Framework of the Analysis 4 Analysis of the Evidences Related to Globalisation 6 Microsoft 9 Globalisation at Microsoft 11 Impact of Globalisation in Microsoft 12 Conclusion 13 13 References 15 Introduction Globalisation refers to the process of building global relationship among people, economy, and culture of different countries.
10 pages (2500 words) Essay
International Business Environment in terms of Globalisation
The process of globalisation enhanced the cross border movement of items such as capital, labour, culture, and ideas (Bhandari & Heshmati 2005). In total, globalisation and related pressures greatly added to the development of a global economy. Although the ideas of cross border trade and global economy significantly promoted trade and national economic growth, they cause a number of cultural issues across the globe.
12 pages (3000 words) Essay
Explain and discuss how Globalisation has affected the growth of international business
On the other hand, the potential success of such projects cannot be estimated in advance. Current paper examines the role of globalisation in the growth of international business. In the literature it is made clear that the size of a firm is decisive for the globalisation of the particular firm to be successful.
6 pages (1500 words) Essay
International Business Environment Assignment
Most multinational companies especially from developed countries have in the recent time relocating to developing countries where labour is cheap in order to maximize on production and save on the cost of production. The act of locating a business in a region where there is availability of cheap labour so as to reduce the cost of production is what is called outsourcing.
12 pages (3000 words) Essay
International Business Environment
Sha Ella Companies Limited is one of the leading resort hotel operators in China and has its presence in number of other Asian destinations as well. With over 26 hotels in China and 8 others in countries company is interested in expanding in to new destinations.
15 pages (3750 words) Essay
International business environment
Of course, it is still possible to say that BMW is a German company and Toyota is a Japanese company or GE is an American firm, but the nature of the multinational enterprise means that companies may be based in one country while the
8 pages (2000 words) Essay
In Florida, this program began in 1970 and expanded the program in 1989 when all states were mandated to help children up to the age of 21. the agency that is responsible for administering Medicaid in Florida is Florida Medicaid is the Agency for Health Care
2 pages (500 words) Essay
Identify and assess ways in which globalisation affects the international business environment
This has created a larger market niche for many businesses, as they try to exploit and explore new markets. However, globalisation has had both positive and negative impacts on the business environment. At times, businesses have to conform to change that is
6 pages (1500 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Let us find you another Essay on topic Globalisation and the International Business Environment for FREE!
Contact us:
Contact Us Now
  • About StudentShare

  • Testimonials

  • FAQ

  • Blog

  • Free Essays
  • New Essays
  • Essays

  • The Newest Essay Topics
Join us:
Contact Us