Description
This week, you have read about entrepreneurship in a global economy. For your written assignment this week, complete a case study of the organization you work for (use a hypothetical or “other” organization if more applicable) that will address the following prompts:
Describe the organization’s environment, and evaluate its preparedness to go global, if not already, and it's strategy for staying global if it is.
Research other company's strategy for going global and explain if this will or will not work for your company.
Make a recommendation for a global strategy in the organization, including a justification for your recommendations.
Submit your midterm research paper as a single document. Your paper should meet the following requirements:
Be approximately four to six pages in length, not including the required cover page and reference page.
Follow APA 7 guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion.
Support your answers with the readings from the course and at least two scholarly journal articles to support your positions, claims, and observations, in addition to your textbook. The UC Library is a great place to find resources.
Explanation & Answer
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global
by Anonymous T
Submission date: 20-Sep-2020 02:26AM (UTC+0200)
Submission ID: 1391436654
File name: Global_Economy.edited.edited.docx (15.51K)
Word count: 1228
Character count: 7087
global
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Global Economy
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Global economy
Globalization is the process where people, businesses, and organizations interact and
engage on an international level. Globalization has continued to advance, primarily because of
transportation and communication technology. The more people and organizations interact, the
more international trade and sharing of ideas and culture increases. The world has gone through a
lot of conflict and diplomacy, which is a significant factor in globalization. The global economy
entails goods, services, data, technology, and capital. Presently many cross border barriers have
been removed, making it easy for businesses worldwide to flourish. Economic globalization is
the financial integration process that makes the world become single market access to any
interested party.
Globalization is beneficial the world economies and international producers because it
encourages specialization in the production of goods and services. A big market opens up
opportunities for the high demand for products hence economies of scale, which leads to an
increase in revenues and cost reduction. Globalization enables businesses to access cheap raw
materials, which are essential in managing cost and increasing profits. Most companies also
benefit from globalization because they can produce their products in countries with...
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