Scribd Logo
Upload

Welcome to Scribd!

  • 134 views

    Globalization of Indian Business

    Uploaded by

    vinay jod
    Globalization has both benefits and challenges in responding to Covid-19. It allows for greater international cooperation and sharing of medical resources and information. However, it also facilitates the rapid spread of the virus across borders. Managing globalization will be key to balancing these effects and maximizing its benefits while minimizing its risks during the pandemic.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Globalization of Indian Business

    Uploaded by

    vinay jod
    134 views14 pages
    Globalization has both benefits and challenges in responding to Covid-19. It allows for greater international cooperation and sharing of medical resources and information. However, it also facilitates the rapid spread of the virus across borders. Managing globalization will be key to balancing these effects and maximizing its benefits while minimizing its risks during the pandemic.

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Globalization has both benefits and challenges in responding to Covid-19. It allows for greater international cooperation and sharing of medical resources and information. However, it also facilitates the rapid spread of the virus across borders. Managing globalization will be key to balancing these effects and maximizing its benefits while minimizing its risks during the pandemic.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    134 views14 pages

    Globalization of Indian Business

    Uploaded by

    vinay jod
    Globalization has both benefits and challenges in responding to Covid-19. It allows for greater international cooperation and sharing of medical resources and information. However, it also facilitates the rapid spread of the virus across borders. Managing globalization will be key to balancing these effects and maximizing its benefits while minimizing its risks during the pandemic.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 14

    Learning outcome

    • Develop the ability to list specific things that


    we can do to maximize the potential of
    globalization while minimizing its deleterious
    effects.
    Liberalization

    • Liberalization refers to relaxation of


    government restrictions in areas of economic
    policies. Thus, when government liberalizes
    trade it means it has removed the tariff and
    other restrictions on the flow of goods and
    service between countries.
    Privatization
    • It is the increment of the dominating role of
    private sector companies and the reduced role
    of public sector companies.
    • In other words, it is the reduction
    of ownership of the management of a
    government-owned enterprise.
    What is Globalization?

    • Worldwide integration of economic, financial, trade, and


    communication activities.
    • Interconnectedness of different markets.
    • IMF – “the growing economic interdependence of countries world-
    wide through increasing volume and a variety of cross-border
    transactions in goods and services and of international capital flows
    and also through the more rapid and widespread diffusion of
    technology”
    ………
    • Thus, it means to integrate the economy of
    one country with the global economy.
    • During Globalization the main focus is on
    foreign trade and institutional foreign
    investment.
    Features of Globalization
    a) Operating & expanding businesses globally.
    b) Erasing the difference between domestic and foreign market.
    c) Trading of goods & services between countries.
    d) Establishing manufacturing & distribution facilities in different countries
    based on feasibility and validity.
    e) Sourcing of factors of production, globally.
    f) Global orientation in strategies, organizational culture, structure and
    managerial expertise.
    g) Setting the mind & attitude towards entire globe as a single market place.
    Boeing 787
    • Its wings and batteries come from
    Japan.
    • Its wing tips come from South Korea.
    • India is the source of its floor beams.
    • The front fuselage is made in the USA
    and Japan.
    • The center fuselage and horizontal
    stabilizers are from Italy.
    • Landing gear and doors? France.
    • Cargo access doors are built in Sweden.
    • The movable trailing edge of the wings
    are from Canada.
    • Thrust reversers come from Mexico.
    • Its engines come from either General
    Electric in the US or Rolls-Royce in the
    UK.
    □H&M is is a Swedish multinational clothing company
    headquartered in Stockholm, product development
    company in Australia, Call center company in New
    Zealand, the Accounting company in Australia,
    Distribution company in Singapore and
    Manufacturing company in Malaysia.
    Advantages Disadvantages

    • Easy availability of international • Poorer countries are sometimes


    brands. at disadvantage.

    • Better job opportunities for • Exploitation of foreign

    skilled labours. impoverished workers.

    • Greater business opportunities. • The shift to service sector.

    • Bigger customer base. • Weak labour unions.


    • Majorly mediated according to
    • Easy accessibility to cheap
    corporate interest.
    factors of production.
    • Awareness of different cultures,
    internationally.
    Quiz
    • Which of the following interrelated factors
    didn’t drive globalization in the recent past
    are:
    (a) Increased international trade.
    (b) The growth of multinational corporations
    (c) The internationalization of finance
    (d) Rise in percentage of female population
    Role of Globalization in Covid
    Responses

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy