DHL in South Korea Business Organization Within Global Economic Organization
Added on 2021-06-30
18 Pages3396 Words277 Views
Business DevelopmentLanguages and CultureEconomics
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BUSINESS ORGANISATION WITHIN GLOBAL ECONOMY1
Table of ContentsIntroduction...........................................................................................................................................2Business environment of DHL in South Korea.......................................................................................3Overview of the organization................................................................................................................4Overview of the business environment.................................................................................................5PESTLE ANALYSIS...................................................................................................................................7Key sources of information....................................................................................................................9Shipment of DHL in South Korea.....................................................................................................11Expansion of DHL in South Korea........................................................................................................12Conclusion...........................................................................................................................................14References...........................................................................................................................................152
IntroductionGlobalization is known as a phenomenon utilized for interacting with various nations strivingto formulate a global economy. Moreover, It is a procedure of connecting the globalmarkets as well as business with one another. It is essentially a procedure by which distincteconomies, societies, and cultures are incorporated together by the contemporarycommunication system (Kovács and Kot, 2016). Businesses regulate in an internationalcontext even though the company does not exchange directly with different nations, theymay get influenced by a domestic deficit of competent labor or perhaps subject toimprovements on the international financial markets. Global Business and Globalization asbusiness phrases are frequently utilized synonymously in casual discussion. This report willconsider South Korea as the country allocated, and the organization chosen for this report isDHL. 3
Business environment of DHL in South KoreaGLOBAL CONNECTEDNESS INDEX OF DHL: South Korea is ranked in the 16th positionglobally, taking into account trade connectivity as integration or globalization bangs newhigh records. a comprehensive examination of globalization, assessed by global flows oftrade and exchange, information, people, and capital. The latest publication of the GCIdepicted South Korea at the rank of 16th within the globe for connectivity of trade (ALTMANand BASTIAN, 2019). Obtaining 72 points overall out of hundred points in all. Moreover, ithas also been the 5th in the context of breadth that assesses the distribution of globalprogressions across nations.The above-given figure illustrates the FDI stocks and trade flows relative to South KoreaGDP. The given chart depicts the highlights of how the current dips on each metrics areminor when compared to how much these have accumulated over the past decades. (FDI)Foreign direct investment progressions are correlated with (GFCF) gross fixed capitalformation (Chung and Bowie, 2017). This calculates an extra precise match for flows of FDIthan GDP, enabling the metric to define the proportion of a nation's fixed capital investmentwhich takes place around versus within the global borders. 4
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