StudentShare solutions
Triangle menu

Benefits of Globalization - Essay Example

Not dowloaded yet

Extract of sample
Benefits of Globalization

If an organization has already planned how will they cope up with globalization then they can easily extract the benefits. In the same way organizations that do not plan from before are unable to take benefits from globalization. Organizations tend to get more active and competitive in result of globalization due to the fact that newer and better firms enter the market. At this situation an organization cannot relax with the idea of brand loyalty, as people tend to change brands. Qualities with price have become the major factor for buying decisions. In the next five years the international market will become more competitive, prices will go down and quality of products will increase this can be said seeing the present trend of the market. These changes will affect international marketing. Promoting a product would be more through the technical aspects of the product. Marketers would have to find newer and more innovative ideas to attract the customers. Any organization that is giving a better quality in a matched price would be successful.
The on-going process of globalization leads to the emergence of a 'global order' engendering new and pressing moral and ethical issues. In the hands of the powerful, notably global business, globalization has the reality to embed the full range of injustices and inequities that the global economy can deliver. For example those of you familiar with the debate about supply of cheap medicines to Africa have experienced this first hand. In some parts of the world, globalization has destroyed the fish resources of the Pacific by using bigger foreign fishing vessels. It also has the capacity to destroy the tropical forests in PNG and Indonesia because China and Europe want plywood. In both cases, communities are destroyed and livelihoods of future generations are removed. There are different ethical and social issues that an organization can face while doing business internationally. The first and major issue to any organization that is operating a business in the international market is to adopt the social and cultural norms of a country. Other issues include polluting the environment of the country, using ingredients in the product that the people of the country prohibit to use. Another problem can be the different style of the same product that is being used in the country. For example in United States hot dogs are made from ham but in Pakistan hot dogs are being made using meat. To handle these situations an organization needs to plan its actions before hand. This is the only option that's most suitable to for any organization. A study of the ethical issues before launching the product should be carried out and planning on how to solve these issues should be done as well.
Ans. 3
As the marketing director the first thing that I will do is to check the demand of my product in the region and the countries that will host the product. The next step would be of studying the different cultures and norms that prevail in those countries or region. The third step would be a study about related products in the region or the countries and how they are handled. How successful they are and what type of marketing ...Show more

Summary

It refers to rising worldwide connectivity, incorporation and interdependence in the financial, public, scientific, cultural, political, and environmental spheres. Globalization is an umbrella term and is perhaps best understood as a unitary procedure inclusive of many sub-processes (such as improved economic interdependence, bigger cultural control, fast advances of information technology, and novel governance and geopolitical challenges) that are binding more and more people and the biosphere more firmly into one global scheme.
Author : owalter
Benefits of Globalization essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Benefits of Globalization"
with a personal 20% discount.
Grab the best paper

Related Essays

Benefits and pitfalls of globalization for business
While expanded markets, access to talent and other resources and networking are positives for globalization, uncertainties of government policies, especially under competitive politics, are a threat to global investments. Strategies must factor in both the positives and negatives.
3 pages (750 words) Essay
Globalization
Globalization, Its Significance to Challenges of Development and Key Debates. Globalization and related development were considered as the wave of the future when they first appeared to unite countries into one global economy for the mutual benefits, which presumed global integration and interdependence in the technological, economic, social, cultural, ecological and political spheres.
6 pages (1500 words) Essay
What Are The Benefits And Drawbacks Of Globalization
What are the benefits and drawbacks of globalization? Globilization is defined as the process though which countries interacts and operates their business internally due advanced communication; thus improving the economic growth of countries. It takes into consideration cultural, social, environmental and political, as well as economic integration of varied activities across the globe.
3 pages (750 words) Essay
How globalization benefits America's economy
The author applauses the role globalization has played in economic development and strongly disagreed with the fact that globalization has enhanced inequality. He asserts that it is through globalization that most poor countries have experienced rapid economic growth rate and per capita income (Wolf, 2004).
5 pages (1250 words) Essay
Benefits and Costs of Globalization
For the past 50 years - and this is seen in statements by the World Bank and others - the world has seen more poverty than ever and the situation is worse." (http://www.idealswork.com/interview/roddick/roddick3.asp) Professor Richard Haines who is South Africa's most creative authors on the subject of economics and globalization states that globalization is a resource of anticipation and anxiety for many.
12 pages (3000 words) Essay
Globalization
This essay will broadly look at globalization from every angle. The essay will begin by analyzing why it is necessary in this day and age for countries and organizations to think of globalization, to prepare for globalization and why globalization as we know it today is inevitable and we cannot change the tides of time.
10 pages (2500 words) Essay
Globalization
Then the essay will evaluate the broad short and long term benefits of globalization and also looks at the flip side of the coin, which are the short and long term drawbacks of globalization. This section also looks at how these
8 pages (2000 words) Essay
What does the late nineteenth and early twentieth century global economy tell us about the benefits and costs of globalization
For the past 50 years — and this is seen in statements by the World Bank and others — the world has seen more poverty than ever and the situation is worse." (http://www.idealswork.com/interview/roddick/roddick3.asp) Professor Richard Haines who is South
12 pages (3000 words) Essay
Globalization
In the recent past, globalization has been on an upwards trend especially given the rising ease in transfer of information, ideas and knowledge due to new global innovations. The world is now more connected and integrated than it
2 pages (500 words) Essay
Critically analyse the assertion that the benefits of globalization have been unequal and have led to widening global inequality
In the same way, sufficient evidence exists about people’s increased movements and interactions with people in other parts of the world. The invention of the internet has meant that world becomes a global village, where people enjoy faster means of information transfer
9 pages (2250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation