Roll No
A002 A003 A004 A011 A027
Name
Umangi Bhatt Amar Bhatt Mahendra Chouhan Amrita Kamarath Harshal Gambhir
Bibliography:
1) Management of Strategy by Michael A. Hitt, Robert E. Hoskisson, R. Duane Ireland 2) Strategic management by John A Pearce II, Richard B Robinson,Jr
Globalization is the process by which different parts of the world interact economically, politically and culturally.
Integration of economies and societies all over the world. Involves technological, economic, political, and cultural exchanges made possible largely by advances in communication, transportation and infrastructure.
The globalization of markets refers to the merging of historically distinct and separate national markets into one huge global marketplace
National Markets
Domestic market may lack the size to support efficient scale manufacturing facilities Large investment projects may require global markets to justify the capital outlays
Return on Investment
Location Advantages
Political environment
Economic environment Social & Cultural environment Technological environment Legal environment
Global companies face multiple political, economic, legal, social, and cultural environment as well as various rates of changes within each of them Interactions between national and foreign environments are complex because of national sovereignty issues and widely differing economic and social conditions
Geographic separation, cultural and national differences, and variations in business practices tend to complicate communication and control efforts between headquarters and overseas affiliates
Global firms face extreme competition due to differences in industry structure Global firms are restricted in selecting competitive strategies by various regional blocs and economic integrations Migration of labor and work
Political Advancement
Creation of world government, Better understanding Open policies for trade and commerce Global treaties and agreements Information connected remote locations
Cultural Transformation
Development of world culture ideas, practices Cultural diversity (Hollywood + Bollywood) World wide Fads World become smaller
Social Development
Humanitarian issues and policies Increase in travel and immigration Worldwide campaigns and developmental efforts World leadership coming together UNESCO, UNICEF, WHO and many such growth of organizations Language : English gained the status of Global language
Strategic Risk Operational Risk Political Risk Technological Risk Environmental Risk
Economic Risk
Financial Risk
THANK YOU