An incredible increase in production, technological developments, increase of speed of transportation, and ease in
communication helped capital, labour, information and technology movement to get intense between countries besides
goods and services following the Industrial Revolution.
As a result national economies connected to each other with movements which are gradually getting more complex and dense (Ekodiyalog, 2012).
Globalization is the tendency of investment funds and businesses to move beyond domestic and national markets to
other markets around the globe, allowing them to become interconnected with different markets.
Accordingly globalization provides organizations a superior competitive position with lower operating costs, to gain greater
numbers of products, services and consumers.
This approach to competition is gained via diversification of resources, the creation and development of new investment opportunities by opening up additional markets, and accessing new raw materials and resources (øncekara and Savrul, 2012:24)