Global Business

Global Business

Question # 1 Organizations must internationally expand if they are to survive

Today the playing field for doing business is just across the globe, national borders are no longer a barrier to companies. Technological breakthroughs in the field of communications, transport and computing have revolutionized the way we do business, live and think in our businesses, we cannot survive in perfect isolation because the world has become more complex and interconnected than ever before. Globalization can reduce the global costs in different ways (Hill, 2011). These include economy of scale, lower cost if factors, concentrated production, flexibility, and increased bargaining ...