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Five drivers of globalization
Five drivers of globalization







Commonly called uncontrollable forces are forces that management has no direct control of, although management can exert influences such as lobbying for a change in a law and heavily promoting a new product that requires a change in a cultural attitude these forces consist of the following: 1.Globalization, or globalisation ( Commonwealth English see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide.

five drivers of globalization five drivers of globalization five drivers of globalization

Two other aspects of this trend are contributing to the globalization of business operations: (1) the progressive reduction of barriers to trade and foreign investment by most governments, which is hastening the opening of new markets by international firms that both exporting to them and building production facilities in them, and (2) the privatization of much of the industry in formerly communist nations and the opening of their economies to global competition. One of the five major kinds of drivers of globalization advances in computers and communications technology are permitting an increased flow of ideas and information across borders, enabling customers to learn about foreign goods. One of the five major kinds of drivers of globalization two aspects of this trend are contributing to the globalization of business operations: (1) the progressive reduction of barriers to trade and foreign investment by most governments, which is hastening the opening of new markets by international firms that are both exporting to them and building production facilities in them, and (2) the privatization of much of the industry in formerly communist nations and the opening of their economies to global competition.









Five drivers of globalization