Globalization Research Paper Example | Topics and Well Written Essays - 750 words - 2

globalization - Research Paper ExampleI support the concept of globalization because it helps a company to make and expand its wings. The various ways by which globalization helps a company to spread widely atomic number 18 cited below. The process of globalization incorporates the regional economies, culture and society, through a global network of execution and converse which helps the company to communicate with a larger group of consumers. It refers to the reduction and removal of peopleal barriers in run to maintain the flow of goods and returns which as a result unites different nations It is a trend for the countries to send away forward and join together sparingally. The concept is to view the whole world as one nation Globalization gives consumers an exposure to the world of various goods and services according to their need (Bergen, 2004). Recommendation for John and Deborahs corporation From the inception of the business in 2002 till 2006, John and Deborah had made good progress. Due to the sub-prime crisis and economic slowdown in US, the housing marketing is facing setback, so the sales of furniture have asleep(p) down. They are also threatened from the high end brands that are marketing aggressively and also creating lines for the familiar retail stores. Seeing this scenario it would be advisable that John and Deborahs corporation should think of expansion to new(prenominal) countries. The company should proceed globally as they possess certain strengths such as in digest designers, exceptional customer service and superior quality of furniture. As their primary source of revenue is from sort sales online, they asshole expand their business by stating on their homepage that the company welcomes inquiries from any country in the world. They should also mention that they are willing to ship outside United States. The company should diligently submit with the customers by using cash advance, letter of credit or using a freight forwarde r. The determine will be high if they exports as they are already dealing with expensive products. So they can consider alternative way i.e. to have manufacturing unit in the target market to meet their demand. As the company has in-house designer, so they will not face problem regarding the designing and also there is the tractableness of rapidly changing the designs as per the requirement of the market. At the same time they are providing the customers an exceptional service for which they are well known. Impact of globalization Due to globalization, the size and pace of trade and commerce is increasing. This is thinkable because of the dramatic reduction in communication and transportation cost. The expansion of trade is the one important eyeshot of globalization. Other major indicators that can be considered in this case are the foreign direct investing and growth of international capital market. The companies and individual have paved the way by which the organizations can discern up with the risks associated with foreign currency and interest rate. They can also make investments speculatively (Lerman & Schmidt, n.d.). Globalization has a positive impact in case of creating employment in different countries by giving ascend to emerging industries, but certain demerits are there too. For example the developed countries dominate the developing or under-developed countries. The employees may have to move from one country to another due to globalization. In that case the workers