Implementation of Global Strategies D5

User Generated

fqrhagen7

Business Finance

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600-800 Words

Your team attends a trade conference on the subject of globalization. They have attended several seminars both advocating and dismissing implementing a global strategy. You return to the office and share some of what you have learned with the team.

“Globalization is a very interesting topic and can get very heated,” you explain. “There are some countries and companies who are fiercely loyal to their homes and would not consider going global. Others see it as a benefit to the company and their customers. Some people here in the states believe that American-made is best because we are contributing to our home country. But, is it? Is it always best to stay domestic? How does this impact pricing? Are you truly helping?”

As your team ponders these questions, you start to think about your position on the topic. Complete the following:

  • Are you for or against globalization?
  • Is your recommendation for your company to go global? Why or why not?
  • How does globalization impact the marketplace as a whole?
  • Has your opinion changed from the beginning of the course to now?

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Explanation & Answer

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Running head: GLOBALIZATION

1

Implementation of Global Strategies

Name
Institution Affiliation

GLOBALIZATION

2
Implementation of Global Strategies

Despite some Governments’, an example the USA Government, routing against
globalization due to its negative aspects on sovereignty and national identity of their people, on
an opinionated note I am for globalization. One of the first major reasons to be a proponent of
globalization is in its representation of free trades which subsequently promotes growth of the
global economy. The above has a corresponding effect of creating jobs, increasing the
competitive level of companies, in addition to lowering the price of commodities for consumers.
As well, globalization allows for poor countries to have an ease in access to technology and
foreign capital, as a result, these countries too have an equal opportunity to develop in economic
terms (As...


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