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The Impact of Economic, Political and Social Globalization

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Added on  2020-06-05

The Impact of Economic, Political and Social Globalization

   Added on 2020-06-05

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How Globalisation has impacted me
The Impact of Economic, Political and Social Globalization_1
Table of ContentsINTRODUCTION...........................................................................................................................3PROJECT 1......................................................................................................................................3ESSAY........................................................................................................................................3PROJECT 2......................................................................................................................................6REFLECTIVE WORKSHOP LOG............................................................................................6CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
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INTRODUCTIONThis report says that these days there is globalisation is not only affects country butindividual person also (Cetorelli and Goldberg, 2012). There are corrective measures taken bygovernment to get positive impact of it. Globalisation means to provide a single platform toorganisation to operate. This provides an chance to general public to analyse different nationaland international brand. Globalisation give rise to digital marketing also and hence nation getschance to develop its economy. Impact of globalisation on India has been discussed.PROJECT 1ESSAYGlobalisation means providing a platform to business concern to interact with differentcountries. I make this report on India because want to open departmental store. there. After yearsof freedom to improve condition of country government of India come with concept of LPGpolicy. It stands for Liberalisation, Privatisation and Globalisation. These policies affectsindividual personally as well as to country also. It is studied that in initial days there wasproblems faced in applying these policies. It is duty of government to keep eyes on policies andin case of any discrepancy there must be changes in policies. India is a developing country sothey want to grow their economy with other Asian countries. E.g. TESCO is a brand originated in USA, but due to globalisation policy TESCO outletis in India also. So it provides benefits to company, country and consumer as well. It makesinternational product available in other country also. This will provide more competitiveenvironment in country and it increase living standards of people residing in India. Globalisationhas positive as well as negative impact on person. If I want to operate my business in India then Ican easily do it. There is government interference also. There are external as well as internalfactors that affects business growth. External factors such as political, legal, social, economical,etc. While internal factors include customers, employees, creditors, debtors, etc. so it isimportant to take care of these factors as they help in improving profitability of business. Thesefactors may create hurdle in growth of market, it will be more beneficial to take care of theseconstituents. There is change in culture of different countries so it is important to take care ofemotions of people. It might be tough for us to settle business in India, but if corrective measuresand proper planning is done and it educates person about current issues.
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