Globalization and the Net

 Globalization plus the Internet Composition

Modern-day corporate globe faces problems of globalization and the Internet. Globalization can be " the integrated internationalization of markets and corporations” (Wheelen & Hunger, 2010, p. 8). Wheelen and Hunger (2010) describe Thomas Friedman's perception that as a result of globalization, " jobs, understanding, and capital are now able to move across edges with much larger speed and much less friction than was possible only some years ago” (p. 8). Some examples of globalization's effect on the corporate universe include elevated competition and employment, new investment chances, the flow of international capital, expanding foreign transact, and the distributed of technological know-how and education (Kulkarni, n. d. ). For the impact with the Internet, for its universal convenience, consumers have grown to be more knowledgeable about the purchases they make and the services they need or utilize. Corporations have to become even more consumer-oriented in the products they offer. In addition, the Internet serves as a useful tool to get the growth and viability of companies. For example , Wheelen and Hunger (2010) note that " the throughout the world availability of the web means that companies can now find anywhere and work with multiple partners to serve any kind of market” (p. 8). Some businesses, such as Amazon and. com, include even chosen to operate totally online to achieve customers around all edges. As more industries include globalization and the Internet into its business practices, " tactical planning is becoming an increasingly crucial way to keep track of international developments and situation a company intended for long-term competitive advantage” (Wheelen & Food cravings, 2010, s. 8). As an example, companies are at this point deciding to outsource all their resources to foreign countries to reduce costs and enhance profits. With such tools as the internet, businesses are capable of instantly connect with consumers and compete with different industries in not only national markets, but on a...

Sources: Wheelen, T. L., & Hunger, M. D. (2010). Concepts in strategic managing and organization policy (12th ed. ). Alexandria, VA: Prentice Corridor.

Kulkarni, A. (n. deb. ). Positive effects of the positive effect. Retrieved by http://www.buzzle.com/articles/positive-effects-of-globalization.html


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