Management : Globalization 1

1Running head: GlobalGlobal:Name:Institution:Date:2GlobalGlobalization is a very important aspect that has changed the shape todays society.Globalization has been attributed to the advancement in technology mainly in the transportand information technology sectors. These advancements have made the world smaller andaccess to most parts of the world very easy. It has increased interconnections in terms ofcommunication where information can easily be relayed to any part of the world in a matter ofseconds. Knowledge and information has become widely accessible especially through theuse of the internet. However, one of the most notable influences of globalization is the waycorporations have taken advantage of the interconnections and used it to find new markets inother geographical areas of the world. In their quest to expand their markets corporations haveestablished themselves in other countries of the world where they find new customers for theirproducts. Globalization has led to the development of multinational companies that run inmany countries of the world (International Business, 2015). One important factor to note isthat different countries around the world have got different environments as far as social,religious, political, cultural and economic factors are concerned. For this reason companiesneed to take considerations of the countries unique characteristics and use the information toenhance how they would carry out their business in t ...


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