Environmental Factors Paper

University of PhoenixJune 26, 2009MKT/421Globalization is the process that involves increasing of goods and services orbwide. The technological advances that have been do during the last two decades have made globalization of businesses simpler Investor book of facts (2009). According to Theodore Levitt (1983), the emergences of global markets have greatly increased dun to the advancements of technology, communication, transportation. Corporations that atomic number 18 prep atomic number 18d for the new pragmatism will derive from large economies in production, distribution, marketing and management, which empathise into reduced world prices that can defeat competitors that remain accept in the assumptions to the highest degree how the world market works. An organization does non globalize just and not both companies have the skill of going global. Companies moldiness possess that determine the potence for industry globalization, and those are attention Globalizatio n Drives. Global markets have four panoptic groups of industry globalization drivers which are market, cost, government and competition. The four sets of drivers cover song every(prenominal) important industry conditions that would affect a company?s dominance for globalization. Many drivers are out of the company?s control in the worldwide business. Every company in every industry has a level of globalization potential that can be determined by external drivers. synopsis for Global CompetitivenessIndustry research conducted in past has shown results that prove that iron out depends upon internal and external factors.
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It also depends on the macro-enviro! nmental factors such as the policies of the planetary house country Government (whether favoring competition, support offered to the industries in pecuniary value of taxation, rebates and incentives, fiscal and credit policies, etc.), the degree of consumerism in the home country, the character of competition. According to Hoff, Fisher, & Miller (1997), competitiveness exists in all countries, markets, organizations and all industries. The relationship between competitiveness in organizations, markets and industries are not completely understood. While economists have not determined... If you inadequacy to get a full essay, order it on our website: BestEssayCheap.com

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