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Explanation & Answer
October 9, 2016
Nature of Globalization:
Nature of globalization
It is multinational units situated in various part of the globe however; all are joined by a
common proprietorship. Several units are allured from a common group of resources like
trademark, credit, control system and. The units results into a strategy. For nature globalization
human resources are vastly dissimilar and transactions that are involved in intellectual properties
such as trademarks, and technologies all over the world.
Dimensions of Globalization are the planning to expand the business unit worldwide.
This illustrates the differences between foreign market and domestic market furthermore creating
a global appearance of the business. Dimension also involves location of production and physical
facilities by considering global business changes.
There are various reasons for globalization some of them are to enable shrinkage of time
and distance across the field of business. Through globalization, firms find political stability
across the globe. Globalization also results into technological and managerial improvement. Last
but not least, some companies go global to access raw material and be close to the market.
Globalization comes in stages. The first stage involve arm’s length service where a
domestic company get into a new market overseas through joining local distributors .In the
second stage two , the company carry the business activity by its own. In the third stage the
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