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Assignment : Contemporary Business Issues in a Globalized Environment

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Added on  2020-11-12

Assignment : Contemporary Business Issues in a Globalized Environment

   Added on 2020-11-12

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Contemporary Business Issues ina Globalized Environment
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INTRODUCTIONBritish Multinational Telecommunication is the holding company with head offices inLondon, UK and was founded in 1949. It was the largest provider of mobile and broadbandservices in UK. BT is the holding company and owned subsidiaries of BritishTelecommunications. They are operating the business under special government regulation (Adi,2015). BT is providing services for expanding the business and more profitability. In this report,explaining the globalization influencing the British telecommunication. Explaining the externalenvironmental factors affecting the BT businesses in the telecommunication industry. 1 GlobalizationGlobalization is the integration of national economic through trade, investment,technology and capital flow. It implies local and national outlooks of interconnected with thefree transfer of capital, goods and services. It drives the government policies for poor countriesand developing their living standards. These government policies are beneficial for multinationalcorporations. It is the result of freeing productive and unproductive activities of economics of theworlds. It means that liberalized the company their rules and procedures to permit to free flow ofpeople from country to country. It is a process of interconnected between people, companies andgovernment. Advance technology of communication and transportation is growing up throughglobalization (Baylis, Smith and Owens, 2017). It is a process of economic interaction withsocial and cultures aspects. Disagreement and practices of interaction is large part ofglobalization. It is the result of increasing trades between nations. For multinational corporations,for capital benefits.The impact of globalization on the telecommunication industry such as technologyinnovation, speedy information exchanges and developing the advance technology. It has apositive impact on the industry. It is to huge increasing the information flows, decreasing thetransaction cost for best product and services brands. After the globalization, competition ofglobal industry with the telecommunication industry. Through globalization, it is helpsinterconnection with environment improving the standards of human living. The huge impact onthe markets of the telecom sectors. Through liberalized industry is the overall growth of telecomindustry. Giving the globalization is to develop the international strategies. The impact of thestrategies, companies are entering into the foreign markets, to build the research and1
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