Globalization and Regionalization: A Case Study of Australia

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Regionalization and Globalization

Introduction
The presentation is based on
the concept of regionalization
and Globalization.
01 Analysis of a current case that
took place in Australia.
02
Future trends of
regionalization and
Globalization
03 Evaluation of impacts of
regionalization and
globalization
04

Regionalization
and Globalization-
meaning
 Globalization is the expansion
of business outside the
domestic territories of a
country.
 Regionalization is the
segmentation or division of
the whole area into smaller
regions based on some
homogenous characteristics
(Costel, 2015).

Difference between regionalization and Globalization
Globalization
 Globalization is a done to
expand the business
operations.
 Regionalization is a part of
Globalization (Lo and Li,
2014).
 Regionalization
complements to
globalization.
 Regions are divided
as per the aims of
the corporation,
political
interventions and
integration of
resources.
Regionalization

Impact of regionalization
and Globalization
Global Competition
Expansion of business
Increased resource capability
Higher profits

Challenges to organization
Threat to cultural identity
Barriers to communication
Dominance of big companies
Political Interference

Demand and Supply of Regionalization and
Globalization
Demand
 Companies
engaged in
strategic and
investment
trade.
 Firms with
static and
dynamic
efficacy
Supply
 Governments
by promoting
regional
integration.
 Firm alliance

MCKINSYEY GLOBAL INSTITUTE
 MCKINSYEY GLOBAL INSTITUTE is a
global business. McKinsey is a consulting
firm. The firm contributes in the list of
worlds largest corporations.
 The company was found in 1926 and now
operates in 127 countries all over the world.
 The company operates in partnership and
works on moral and ethical principles
(McKinsey & Company, 2019).

Changing trends of globalization as by McKinsey Global Institute
03
01
04
02
Diminishing trade in goods
Increasing business in
services
Increasing knowledge
intensity in customers
Increasing intra-regional
business

Internal and
External
environment
 As per the research, the internal environment of
the business includes the employees of the
organsiation. They have link with the
technological changes in the external business
environment as the employees need to be
updated to handle and operate the technology.
 Internal environment consist of aims and
objectives of the business which are directly
related with the custoerms that are the external
factors impacting the business.

Steps to adapt
to changing
trends of
globalization
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02
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Knowledge
intensive services
Global innovations
Changing workforce

Question 1
AnswerQuestion
What are the different
types of regions in the
process of
regionalization?
The different types of
regions are:
 Formal regions
 Functional regions
 Vernacular
Regions