Drivers of Globalization in International Business

International business

Contents
Introduction.................................................................................................................................................3
TASK 1..........................................................................................................................................................3
1...............................................................................................................................................................3
2...............................................................................................................................................................5
Conclusion...................................................................................................................................................6
References...................................................................................................................................................8

Introduction
The business transactions that is government and private which involve two or more
countries is known as international business. Many large and small companies are affected by
global actions and competition. Present report is based on airlines networks. This report covers
various business tool and critically analyze the drivers of globalization. Along with this discuss
the factors that are responsible for formation of these global airline networks. Apart from that
two suitable strategies that individual airline can used for entering into a new market.
TASK 1
1.
There are different driver of globalization and it can be seprated in a five groups are as
follow
Technological drivers: Advance technology change and set the foundations for modern
globalization transport technology is innovated and it revolutionized the industry. In such
developments most important development among all are commercial jet aircraft.
Furthermore, telecommunication also enable effective computing and communication at low
cost. Internet is the most useful technological driver which created global e business. For
producing something it is necessary to have a technology for producing any product( Ball,
Geringer, Minor and McNett, 2012. ). For exporting the products from one country to another
international airline is great transport facility it drives the globalization. Moreover, digital
technologies have opened the way toward global network. It is away which all information and
knowledge can be shared. Internet and e-commerce are used to show the recent used of
techno globalism. Through advance technology customer can book their airline tickets and also
cancel it through online facility.
The communication technology change the way of life of all people all over the world.
The worldwide web enable people to access the information of any thing from any where.
Through internet people are inter connected with each other through emails, video call etc.
with the development of advance technology transport play a important role in globalization.
Airline transport enable the expansion of tourism and trade across the country. The air line
travel has become affordable now for all the consumer(Wild, Wild, and Han, 2014). it remove the
economic boundaries between the countries. Free trade agree not to charge taxes on import
from the other country. The main political driver is influences over elections and politicians.
 Political drivers: deregulated market and liberalize trading rules decrease the tariff and
allowed foreign direct investment through all over the world (Johanson and Mattsson, 2015.).
There are many example of latest developments such as privatization in Europe and
world trade organization etc.
 Market drivers :the opportunities for the growth of domestic market are limited.
Through global expanding is the only way most of the business choose to overcome