GDB,MGT603,Globalization and its effects
The emergence of better understanding of consumption patterns, introduction of E-commerce, access to global buyers and sellers, easy transfer of information and money across continents have evolved the globalization trend in industries. This globalization is posing unique challenges for the local companies and they are in need to adjust themselves to remain competitive. In this stance, globalization has emerged as a vital force of consideration for the companies and companies have to look forward to incorporate it in their strategy.
By considering the above arguments, do you think that globalization carries opportunities or threats for the local companies? Discuss logically and support your answer with solid arguments.
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