GLOBALIZATION

Globalization

Globalization

Introduction

Globalization is an inconsistent concept, and definitions of it abound. However, most anthropologists agree that, experientially, globalization refers to a reorganization of time and space in which many movements of peoples, things, and ideas throughout much of the world have become increasingly faster and effortless. Spatially and temporally, cities and towns, individuals and groups, institutions and governments have become linked in ways that are fundamentally new in many regards, especially in terms of the potential speed of interactions among them. Examples of these interactions are myriad: The click of a mouse button on a Wall Street computer can have immediate financial effects thousands of miles away on another continent, and events like the fall of the Berlin Wall in 1989 or footage of the 2005 tsunami in southern Asia can be televised internationally, whereby millions of viewers interpret the same images concurrently. Globalization refers to the expansion and harmonization of interdependence among nations, human activities and systems policies across the world. This affects people in most areas with effects and a temporality of each. It also discusses transfers and international trade in goods, labor and knowledge. This term, specific to the environment human is often used today to refer to economic globalization and the changes induced by the diffusion world of information in digital form, for example with the Internet (Bhalla, 2002, pp. 34).

Discussion

Globalization is "the integration of states through increasing broadcast, connection and trade to conceive a lone worldwide scheme in which the procedure of change progressively binds individuals simultaneously in a widespread fate.

Locational Activities

The global location of activities is the third lever of the overall strategy. Where to locate business activities in the country most appropriate for that activity and how to coordinate them are critical decisions. For this, the most important thing is to adopt a standpoint of "zero base" and find the optimal pattern and the optimal location of each activity if the company produced from scratch (Porter 1998, p. 326).

It is preferable to choose those countries globally strategic location of certain activities such as [research and development] and manufacturing. also requires that companies recognize the strategic and financial risks that carry the changing values of currencies. A comprehensive strategy for the location of activities may provide benefits such as cost reduction, improved quality, more customer choice and greater competitive effectiveness but can also bring disadvantages such as less sensitivity to customer needs, increased fluctuation risks currency risk of creating increased competition, among others (Porter 1998, p. 346). As for the elements of the global chain of added value, they can concentrate geographically, duplicated or dispersed. The role of the funding for a global strategy has to match the costs of capital to global competitors. On the other hand, the essence of an overall strategy for research and development is to be directed to serve the entire global market.

Conceptualizing Globalization

Globalization is better understood, therefore, as simultaneously an idealist set of beliefs; a behavioral set of principles, rules, and activities; and a material set of outcomes and ...