GLOBALIZATION THAT CHANGES THE BUSINESS ORGANIZATION
Globalization is a growing trend that countries all over the world can easily reach and interact with each other using technology advancement and in using International Trade policy. In today’s modern economy globalization changes every aspect of institution including, education, economy, leadership, tourism, management and business sectors. Globalization opens up a whole new of opportunities in all this aspects that most of the companies can’t help but to comply with the market demand toward globalized economy or be left behind by the competition.
Turning to globalized business solution encourages business to be engage in country to country business exchange of products and services enriching their potential globally and internationally penetrating the worldwide market if given the opportunity. This set up has been practiced all over the world a globalized revolution, businesses can’t help but to expand their position and expand dramatically to success. Local companies who has gain local acceptance can eventually gain the same position if they are capable of handling the challenges and changes in the international arena.
Even the newly established company can take part if they are willing to jump into the bandwagon that is inviting and encouraging. For example a little factory of ready to wear dresses can advertise their products to the internet or to their city that has an international trade organization, usually local government has an established contacts from various sources so they can also help local industries. If they have found a foreign partner who would like to order about their products then this will be the start of their globalized production scheme.
Farmers in Africa also found their crops exported internationally claiming that they have the best yield over the years, some of their livestock’s are also sold internationally. Basically they will need to maintain the product quality and they will need to comply from international trade policy to be able to continuously participate in international market. This may sound so good to every business, even labor force are introduced globally and internationally. Businesses nowadays are looking for the best employees in international market while enjoying the privilege of low cost labor.
Business Process Outsourcing introduced another dimension of globalized business practice in a win-win situation where business from other country will establish their business from another country, this will minimize their labor cost and overhead expense while on the other part of the world their partner will benefit from job employment. Technology plays another integral part in globalized business changes, computer and high tech gadgets are now widely available everywhere. Businesses nowadays heavily rely upon the usefulness of the internet to conduct their businesses, in fact most transaction can be done internationally without living their countries, payment methods and transfer of funds are just a few clicks away.
Communication has open up another globalized economy that never been experience ever before, International call rate seems local nowadays because of its low cost and basically everything is done through automated system. All this methods and practices of rapid changes has so much to offer than people has not used before in engaging their business practice and we can say that today’s globalization influences over business has increase its potential towards company’s opportunity to succeed. All this has been the business changes and best practices that globalized business has to offer to the world and companies can’t help but to join in to this system.
However there are also instances that companies from various countries can take advantage over third world countries if they find it successful to penetrate a country that accepts low labor cost, some companies would not even consider giving the additional benefits but only basic salary. Exported product benefits other countries rather than where they are originated. Example is the best rice production yield in the Philippines is exported in America and mainland China while locals eat what is left, including raw materials are exported and developed in other countries and finished products are exported back to its original countries. All this and more are somehow degrading and unusual but it sometimes happens, “domination” is therefore has been the negative effect of globalization.
However we can say that the positive benefits from globalized business can provide much more than what we expected and status is not a hindrance to compete internationally. To seek opportunities, businesses must learn to face the reality and the challenges that the globalized economy has been offering, to be able to cope up to its provision and thereby play a part of the countries pride as a globalized capable nation that provides economic stability.
Credit:ivythesis.typepad.com
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