Study and Research Skills: A Report on the Impact of Globalisation

This report examines the multifaceted impacts of globalisation, encompassing aspects such as market development, increased profitability, and overall positive outcomes. It delves into social impacts, strategies for targeting new demographics, and the creation of novel features within global markets. The report highlights the advantages of globalisation, including enhanced foreign currency reserves and improved profitability through the introduction of new goods and services, facilitated by cross-cultural management. Furthermore, it explores the positive influence of globalisation on foreign trade, foreign investment, and heightened competition, which drives improvements in product and service quality. The analysis also covers the role of globalisation in fostering economic development, particularly in underdeveloped countries, and its impact on communication through advanced technologies. While acknowledging concerns such as job insecurity and price fluctuations, the report concludes that globalisation offers significant advantages through technology, communication, and the establishment of safety standards, ultimately producing effective results in the business environment.

Study and Research Skills

Title
Impact of globalisation

INTRODUCTION
The report is going to contain the different aspects
such as
 Development of market
 Increase profitability
 Positive results

IMPACT OF GLOBALISATION
It have been founded that Globalisation have impacted
over the different aspects, that are as follows:
 Social impact
 Target new people
 Construct new features

Global market
Global brand
Leading in several products
Increase opportunities

Cross culture management
 Globalisation also create advantages to enhance foreign
currency.
 It assists to develop profitability through implement new
goods and services (Black, Calitz and Steenkamp, 2015).
 Cross culture system assists to develop more profits and
revenue.

Foreign trade
 Globalisation also create positive impact to ascertain more
profit from foreign market.
 Foreign investment also develop in systematic manner at
workplace (Gelbin and Gilman, 2016).
 It also leading in the market to reduce effective results at
workplace.

Foreign Investment

Competition
 In the globalisation, it is widely used which create effective
results.
• With increasing competition, every enterprise require better
quality in their products and services (Soper and Emmelin,
2016).
 Increasing competition also enhance profit margin for
multinational companies.

Chart

Economic development
Globalisation also increase economic development in the of the
nation (Sabour, 2015).
 Under develop countries has several benefits to implement
globalisation.

Communication
• Communication create positive impact on the globalisation that
enable to share relevant information at workplace (Syam and
Ng, 2016).
 Use of advance technology create several benefits at workplace.

Job insecurity
 It is considered important part to develop effective result at
workplace.
• Major part of the population developing their operations at
workplace (Mihajlović and Krželj–Čolović, 2014).
 Safety and standards are maintained for business
development.

Fluctuation in the price
Multinational corporation
Social welfare
Customer target

Conclusion
 In the above study, it has been seen that globalisation create
several advantages and disadvantages.
 It assists to produce proper functions in the business
 Using technology, communication, etc. are several benefits
exists that create effective results at workplace.

REFERENCES
Black, P., Calitz, E. and Steenkamp, T., 2015. Public economics. OUP Catalogue.
Gelbin, C. and Gilman, S. eds., 2016. Jewish Culture in the Age of Globalisation. Routledge.
Mihajlović, I. and Krželj–Čolović, Z., 2014. The Impact of Globalisation on the Development of
Tourism within Social and Economic Changes. European Scientific Journal, ESJ, 10(10).
Block, D., 2016. The impact of globalisation, internationalisation and migration on the use and vitality
of Catalan in secondary school and higher education settings. Language, Culture and Curriculum,
29(1), pp.107-116.
Soper, K. and Emmelin, M., 2016. Reconceptualising Prosperity: Some Reflections on the Impact of
Globalisation on Health and Welfare. Sustainability and the Political Economy of Welfare, pp.44-
58.
Sabour, M.H., 2015. The impact of globalisation on the mission of the university. In Second
International Handbook on Globalisation, Education and Policy Research (pp. 243-259). Springer
Netherlands.
Syam, A. and Ng, A., 2016. Standards, safety and the emerging impacts of globalisation. In
Australasian Structural Engineering Conference: ASEC 2016 (p. 28). Engineers Australia.

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