What is Globalization Assignment Example | Topics and Well Written Essays - 1750 words

What is Globalization - Assignment ExampleIn the prospect of international origin, its impacts range from manufacturing, production, promotion, consumption, commercial exchange, and distribution.Large companies go for internationalization (i) To grow the size of its marketing and trading operations (ii) To gain new skills through host country workers (ii) To increment its strategic assets and profit. Small and medium-sized companies internationalize (i) To increase their revenue (ii) to utilize the resources in host countries which argon not locally availableIn single cultures, individuals are more oriented towards personal objectives rather than the benefits of the community or group while in collectivist cultures people usually have more associations with the interests of the groups like national interest, family interests, and community perspectives.Economists generally bankers bill the economic performance of a country by considering it GDP rate, inflation rate, unemploymen t rate, foreign specie reserves, currency exchange rates, national income and growth rate per capita, and balance of payment.Ethical consumerism, transparency and trust, employee motivation, increased public expectations of business, laws and regulations, crises and their consequences, and stakeholder priorities are the basic motivational factors behind the global incorporate responsibility.From manufacturing to sale in the competitive markets, each and any new product has to pass through a series of stages. It includes introduction, growth, maturity, and decline stages. In a corporate world, these sequential stages are known as Product Life wheel around (PLC). Since Product Life Cycle is closely connected with continuous changes in local and global markets, therefore, it has direct effects on the business plan, corporate strategies, and marketing mix.Blue Ocean Strategy is actually an attempt made by somewhat new or unknown industry or product to capture an uncontested space i n the market.