Globalization: A Business Problem (Essay Sample)
Globalization has significantly impacted business, introducing changes in technology, competition, and information transfer, which have affected organizations' operationalization. This has led to intense competition within the market, affecting the production ability, services and goods cost, and target market. The problem is that globalization has significantly impacted business operations. Organizations need to diversify production, correspond with current technologies, and introduce technical adaptions to increase production efficiency, attract more customers, and hinder the impact of globalization. The recommended solution is for organizations to enhance technical aspects, increase operations techniques by introducing skilled personnel, and increase advancement to impact operations. Product diversification, technological advancement, and innovations in services and products have increased sustainability, making organizations more effective and sustainable.
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Globalization
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Globalization
Globalization has increased world integration, facilitating the exchange and movements of cultural practices, capital, services, technologies, goods, and human goods, significantly affecting businesses. Globalization has impacted business, increasing and promoting interactions within different regions between different populations within the globe. Simply, it has substantially influenced business services, goods, technology, and the flow of information within other consumers of different countries. Therefore the business problem is globalization which profoundly affects business operationalization.
Introduction: Problem Statement
Currently, globalization has become the leading factor influencing the operationalization of different organizations. It is a phenomenon that has significantly affected business life, the environment, economy, and society in different ways, which have involved all the organizations with the introduction of different changes (Manrique & Marcos, 2019). These
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