Globalization in Business
Globalization refers to the changes in the world where we are moving away from self-contained countries and toward a more integrated world. Globalization of business is the change in a business from a company associated with a single country to one that operates in multiple countries.
Impact of Globalization
Imagine for a moment that you run a business that produces digital cameras. How would globalization impact your company?
The impact of globalization on business can be placed into two broad categories: market globalization and production globalization.