How to Write a Summary of an Article? Globalisation to Glocalistation As a matter of fact, this means that people across the world can interchange merchandises and info more swiftly ND simply. This process is called globalization, where the worldwide coming together of countries and nation. They have the same customers; uses the same suppliers and sell their products at similar prices.
How to Write a Summary of an Article? Globalisation Globalization is basically the operation, integration, and competitiveness of organizations in Globalisation to glocalistation economy on a worldwide scale. Rather than being nationally confined, the activities of these organizations are more self-governing.
Globalization affects the nature of business ethics and social obligations. Globalization has been made possible by various factors. The first factor is the improvement of technology when it comes to telecommunication and transportation.
In the past, it was not possible for individuals from all over the world to interact and communicate without facing difficulties. Today, a text message, phone, or a video conference call can be used easily for people to communicate with each other.
Apart from that, anyone who has the funds could book a flight and get to any destination in just a couple of hours.
The second factor is the movement of capital and people. The increase in transportation technology, opportunities, and awareness has enabled individuals to ravel around the world in order to look for a new Job, a new home, or to escape from a place that is of danger.
Most migrations take place in countries that are developing as lower living standards and lesser wages drive people to move to places where there is a higher chance of economic improvement.
Capital on the other hand, is transferred electronically on a global scale and this leads to an increase in opportunities for investment. Due to the vast room for growth, investors often place their capital in developing countries.
The next factor is the spreading out of knowledge. It does not remain a secret for Eng when a new way of doing something or a new invention comes up. An example of this is the arrival of automotive machines used for farming in Southeast Asia, where they used manual agricultural labor for a long time.
The last factor is the existence of non-governmental organizations Nags and multinational corporations. Since the awareness of certain issues has increased globally, the numbers of organizations that are aimed to deal with them have increased as well.
These non-governmental organizations bring individuals that are not affiliated with the government and enable a national or global focus. This means that a certain population represents more individuals to purchase a certain service or product. As more markets open up, individuals from all over the world come together to create multinational corporations so that they have access to these new markets.
Apart from that, businesses are getting globalizes as foreign workers compared to domestic workers can do certain Jobs for a much lesser cost. This is referred to as outsourcing. Globalization eases borders as they become less significant since countries depend n each other to flourish Sties, Three types of strategies have been used by organizations in order to become global which is the multinational, global, and global strategy Harding, In organizations that adopt the multinational strategy, they compete on a national level that adapts to the policies and products of the local markets.
According to this strategy, organizations invest away from their national platform Chattels, but carry out their activities according to the local markets of different countries.
These organizations are labeled as a regionalisms network with comparatively self-governed rims attending local markets Harding, In the global strategy, organizations provide, source, access knowledge and sell around the world.
The products are custom-made for the world market.
Globalization is the degree of globalism, which refers to any description and explanation of a world which is characterized by networks of connections that span multi-continental distances. Glocalization (a portmanteau of globalization and localization) is the "simultaneous occurrence of both universalizing and particularizing tendencies in contemporary social, political, and economic systems.". The socio-cultural changes in Southeast Asia, particularly in Malaysia and Singapore, can be beneficially examined in terms of the concepts of globalisation and glocalisation.
These organizations pursue the economies of scale and scope, and carry out their activities as if the world were a single entity Sevenths, This shows that there is an emphasis on the standardization of activities in markets globally Sevenths, ; Lloyd, The global strategy is built on a balance between adoption and standardization of activities in the local markets.
Therefore this strategy is a combination of the local, multinational, and global approach.The terms "glocal strategy" and the 'glocalization' of business activities are introduced to enhance the accuracy of the present usage by scholars and by practitioners of the term global strategy.
for global localisation, a global outlook adapted to local conditions.’’ (Emphasis in original.) The terms glocal and glocalisation became features of business jargon during the s, but their major locus of origin appears to have been Japan, a society which has for a very long.
Glocalisation Definition. Glocalisation describes the phenomenon whereby “in order to produce goods for a market of diverse consumers, it is necessary for any producer to adapt his/her product in some way to particular features of the envisaged set of consumers” in .
The socio-cultural changes in Southeast Asia, particularly in Malaysia and Singapore, can be beneficially examined in terms of the concepts of globalisation and glocalisation.
Globalisation is a process of deeper economic integration between countries and regions of the world. Globalisation is a process of deeper economic integration between countries and regions of the world.
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