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Essay on Study and Research Skills

   

Added on  2020-06-04

12 Pages3036 Words45 Views
Study and Research Skills

Table of ContentsINTRODUCTION...........................................................................................................................1CONCLUSIONS..............................................................................................................................5REFERENCES................................................................................................................................6

INTRODUCTIONTopic: Discussing: The impact of globalisation- positive or negative.Globalisation is the process by which businesses or other organisations developinternational influence or start operating on an international scale. This is the economicprocess which involve the trade and commerce of goods and services and economic resourceslike capital, technology and data |(Black, Calitz and Steenkamp, 2015). Globalisation is welldefined as providing organisations and companies an international platform so that they cancome together from different parts of the world and trade with their available products andservices. In this process of globalisation all the advance means of transport are used likesteam locomotives, jet engines and container ships etc., helped in a lot many ways. And theadvance means of infrastructure like internet, telecommunication are all increasing effects ofglobalisation. This is not the new or modern term to be introduce but the history ofglobalisation is from European age discovery from 3rd millennium BC. It grew in the 1820son very large scale and then after the increasing use of technology and innovation in 19th and20th century impacted globalisation on larger scale.Connectivity:In the business environment globalisation is the strong and growing connectivity ofinternational market and managing businesses. The foreign investment made by foreigncountries to expand their market in those countries are also termed as globalisation. Thisincreasing globalisation is mainly due to advancement in technology, communication,transportation and educational level and the trading of economic resources like capital andhuman resources (Zajda, 2015). The goods which are found in UK are now being easilyavailable in US or Australia and this is the magic of globalisation. In the process ofglobalisation there is not only the transfer and trading of goods or services but also of culture,food, behaviours and societies as well. Currency:In globalisation the exchange of currency is the main elements which is taking placethus American dollar is the strongest currency which is used throughout the world. Now allthe people can access the card of any bank of world to make purchase or extract cash inalmost every country in the globe like Visa, MasterCard and American Express.Globalisation is creating greater opportunities for all multinational firms in less industrialisednations to go into new and diversified markets in world (Block, 2016). Therefore, all the1

business in more developed nations like UK and USA are having more access to capital flow,technology, human capital, cheaper imports and larger export markets.Trading restriction:With the introduction of globalisation and reduction trade restriction all the peoples ofthe world can freely move to any part of world without much legal formalities. All these arethe positive impact which globalisation is laying on world and the economies of world.Travel and tourism has also been introduced by globalisation and now people moving fromone part of the world to the other is most common impact. Some of more positive effects ofglobalisation are:Global marketThis is most important part of globalisation and world is emerging as one globalmarket or global village (Thorpe and Figge, 2017). In the process of globalisationprivatisation is also playing an important role as most of the global multinational companiesof the world are private sector enterprise. The global demand and increasing population ofworld is leading to expand and grow the companies in a wider scope throughout the world.All the leading brands of world despite of their original countries can be found in every partof the world now. Whether McDonald's, KFC, Whirlpool, Volkswagen or any other companyor any sector or industry or any country can sale and trade its products in any other country aswell. Cross cultural managementIn globalisation not only goods and services are traded but there are exchange andtrading of cultures of the world as well. Many big and developed country like USA, UK,Japan are the best example of cross cultural management as they have witnessing a heavylevels of immigration (Weber, Luzzi and Ramirez, 2015). The big multinational companiesare also the part of introducing the cultures of their home country to their host country. Thesmall and under developed nations and now getting influenced by the culture of developednations and trying to adopt that culture all because of globalisation. The cultural barriersbetween the countries are gradually decreasing and all countries are moving towardsglobalisation. This is also leading to new cultural products like art, entertainment andeducation. Cross culture refers to process of communicating many values, ideas, cultures andartistic expressions. Now the people of one nation can easily understand the values and2

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