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Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
Global strategy as defined in business terms is an organization's strategic guide to globalization. Such a connected world, allows a business's revenue to not be to be confined by borders. A business can employ a global business strategy [1] to reap the rewards of trading in a worldwide market.
The Global Strategic Trends Programme was established in 2001 to research and forecast potential trends that shape and inform the future strategic context. It is published by the Development, Concepts and Doctrine Centre (DCDC) which is under the UK's Strategic Command based in Shrivenham, Wiltshire.
Global synergies: the reuse or sharing of resources by a corporation and may include marketing departments or other inputs that can be used in multiple markets. This includes, among other things, brand name recognition. Global strategic motivations: other factors beyond entry mode that are the basic reasons for corporate expansion into an ...
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.
Global marketing is defined as “marketing on a worldwide scale reconciling or taking global operational differences, similarities and opportunities to reach global objectives". [ 1 ] [ 2 ] Global marketing is also a field of study in general business management that markets products, solutions, and services to customers locally, nationally ...
The $1 trillion global infrastructure development plan is a signature policy of Chinese leader Xi Jinping, but has been accused by critics of being primarily a tool to expand Beijing's ...
Strategies are established to set direction, focus effort, define or clarify the organization, and provide consistency or guidance in response to the environment. [23] Strategic management involves the related concepts of strategic planning and strategic thinking. Strategic planning is analytical in nature and refers to formalized procedures to ...