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Globalization and Business Growth

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Added on  2019-11-26

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The globalization has made the various organizations successful due to their exploration of a new territory. It has been duly noted that the various outsourcing can add a value in an economic development of any developing or underdeveloped country, due to employment opportunities. Integration of the cultures with Globalization Due to the globalization, it has made possible to find new trade routes such as Silk Road which is a trade path in between the China along with the areas which come near to Mediterranean Sea area (Haynes, 2017). Due to globalization

Globalization and Business Growth

   Added on 2019-11-26

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Globalization and Business Growth_1
Part A:Explain the benefits and costs of globalization from the perspective of a specific (named) business. To support your analysis, you should obtain data and information from the published reports and accountsof the business you have chosen.Globalization is exploring new avenues and world regions in terms of developing growth. It is a waythrough which the various organizations are ready to embark and integrate international economies byinculcating in their culture and economies. The globalization has made the various organizationssuccessful due to their exploration of a new territory. The successful organization such as Mc Donalds,IBM, Google, Microsoft etc.While accounting globalization in an EconomicsThe various MNCs operate on a global scale, along with connecting through the satellite officesand working in remote through the branches operating in numerous locations [ CITATION Tom17 \l1033 ].It has been duly noted that the various outsourcing can add a value in an economic development ofany developing or underdeveloped country, due to employment opportunities.Some organization such as the Volkswagen, Audi can use other countries as an assemble countrieswhile being manufactured and produced in the countries such as Japan, Germany, or Korea.For the globalization, the Free World Trade Organization helps and ensures a fair world trade.It has been seen that the European Union which includes an integration of 28 countries botheconomically and politically which are centrally located in Europe.Additionally, the North American Free Trade Agreement (N.A.F.T.A.) which is the main essencepart of the North America.It has been seen that the branded shirts which are been sold in the United States can be made andproduced in the areas such as China due to the cotton produced or be made by the employedworkers in Thailand. Along with this, the other countries can help in shipping while other canmarket it.
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Statistically it has been seen that the McDonald's in Japan due to the globalization has atremendous growth in globally.Integration of the cultures with Globalization Due to the globalization, it has made possible to find new trade routes such as Silk Road which isa trade path in between the China along with the areas which come near to Mediterranean Sea area[ CITATION Hay17 \l 1033 ]. Due to this, there has been an exchange of trade in terms of goods,along with the culture and knowledge.Due to globalization apart from the culture mixes it has also resulted in the underdeveloped anddeveloping country to reap economic benefits.Due to the globalization, the various countries has shown acceptance and transition in the foodculture such as Butter chicken in America or Sushi been eaten in another part of a world.Globalisation has also made possible in showcasing various television shows and channelsglobally [ CITATION Vic17 \l 1033 ].Penetration of Globalization in TechnologyBecause of globalization and cultural mixes the technology has radically evolved to the globallevel such as an internet.Various global sources of News channel and knowledge for e.g. BBCGlobalisation has made it possible for the phone connections.Various environmental treaties such as Montreal Protocol to control Ozone layer and itsimplications.For example, if we take in-depth about the Mc Donalds started as 1 normal restaurant in the America,today it has expanded to every country and every part of the region of such countries. There are globally120 countries and territories which serve around 68 million every day [ CITATION Dör17 \l 1033 ]. Thenumber of restaurants eis 37000+ world wide and it has employed approximately 3.75.000 people.Globalisation has made it possible for the various food restaurants to be culturally accepted in the variousparts of the regions. The fast food burger chain is able to reap economies of scale and has profited due to
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