answersLogoWhite

0


Best Answer

Globalisation today for industries is common beacasue if industries follow only the domestic approach then they have to stick to only Indian market this will lead to only earning profits in the Indian market only. if the administration want to be a global leader then obviously it has to go for Globalisation.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

Romy Schneider

Lvl 4
2y ago

Global

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is Globalization of industries a common factor today?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Movies & Television

Is the x factor coming on today?

No, not today.


What are the Main Industries in Oklahoma?

Agriculture, energy, aviation, government, health care, manufacturing, and industry all play major roles in the city's economic well being. In the original days in Oklahoma oil did dominate however today there is a wide basis of industries.


Is scarlatina common?

Early in the twentieth century, severe scarlatina epidemics were common. Today, the disease is rare


What is the most common language in central Africa today is?

Bantu


What kind of impact will globalization and international business environment create on Indian businesses?

Introduction Every day we hear it on the news, read it in the papers, overhear people talking about it… and in every single instance the word globalization seems to have a different meaning. So, what is globalization? What are its main drivers? Why and how does globalization impact international business? What's the future of international business? This paper, through conceptualizing the significance of globalization for international business and explore core concepts of the international business Reflect Of Globalization On International Business Globalization refers to the increasing unification of the world's economic order through reduction of such barriers to international trade as tariffs, export fees, and import quotas. The goal is to increase material wealth, goods, and services through an international division of labor by efficiencies catalyzed by international relations, specialization and competition. It describes the process by which regional economies, societies, and cultures have become integrated through communication, transportation, and trade. The term is most closely associated with the term economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, the spread of technology, and military presence. However, globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factors. The term can also refer to the transnational circulation of ideas, languages, orpopular culture through acculturation. An aspect of the world which has gone through the process can be said to be globalized. Against this view, an alternative approach stresses how globalization has actually decreased inter-cultural contacts while increasing the possibility of international and intra-national conflict. Reflections on Globalization and its impact On International Business The term globalization did not become popular until the 20th century. Then onwards, it has become a typical issue understood to affect the whole socio-economic and political life of states throughout the world. Besides, the discourse on globalization is complex with far-reaching effects on national and international laws and policies pertaining to the social, economic and political matters. It is commonsense knowledge that issues related to globalization are open to debates, as various people have varying perceptions about it. At one extreme, we have those who see.. Analyze Globalization's Role In The Development Of International busIness. Analyze globalization's role in the development of international business. In today business world, globalization seems to be an important tool for businesses to positioning themselves in borderless trade system. As we all know that globalization is the worldwide trend which economics of every country all over the world become integrated to another. This integration phenomenal is cause from technological advances, the flow of capital, free-market capitalism, lowing tariff barriers, privatizing enterprises, and the migration of people across international borders. In the mean time, globalization can also descript when businesses are expanding their operations to new countries or marketplace also. In a global marketplace, any company from any country can become a competitor to the other. Most of company tend to change themselves from "domestic-only" – companies that do business only within their own country – into multinational company or seeking new opportunities to go aboard by expanding theirmarket, moving their facilities into developing countries, or diverse themselves to another region such as having their headquarter in Northern Europe and having their branches in Europe, North America, or South East Asia. Since Fashion became more idealistic and individualization; most ideas came from all over the world with magazines and recently the internet. Thus the fashion industries are become more global. As a topic is to analyze the globalization's role in the globalization processes and forces that have been the development of international business; therefore I we have chosen the Swedish clothing chain Hennes & Mauritz (H&M). The chain was founded by Erling Persson, a Sweden, in 1947. Arthaf M.k

Related questions

What is true of the majority of the worlds countries today?

They are left on the margins of globalization.


Impact of globalization on strategic management plan?

Today. everything has changed, globalization. the internationalization of markets and corporations. has changed the way modern corporations do business.


Why is pop culture dependent on globalization today?

I dont know. hope that helped


What is the biggest threat to the survival of local cultures and traditions today?

globalization of culture


Why do more multinational corporations exist today than in the past?

because of globalization.


How is life today different from the 1970's?

Life today is different from the 1970s in several ways. Technology has advanced significantly, leading to changes in communication, transportation, and daily life. Social norms and values have also evolved, with greater emphasis on diversity, equality, and sustainability. Economically, globalization has reshaped industries and job opportunities.


What is the most common motherboard form factors used today?

ATX, Actually todays most common motherboard form factor used is MicroATX


What industries do most of Jordans people work?

Service and manufacturing industries. Our World Today


Which of the following is the biggest threat to the survival of local cultures and traditions today?

The globalization of culture


What are positive and negative impacts of globalization in Kenya?

what is the society today on making bad decisions.


Is Browning Industries still active today?

No


How many industries Pakistan has today?

1