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Strategic Management & Strategic Competitiveness

In: Business and Management

Submitted By Trice2015
Words 1527
Pages 7
Latrice Smith
BUS 499
Week 2 Assignment 1: Strategic Management & Strategic Competitiveness
Dr. Machuca
7/13/2014

Globalization is a concept that can be positive as well as negative as it refers to companies around the world and the effects it has on the global economy. Globalization can be referred to as a global movement that is integrating economic, financial, trade, and communications. Globalization will continue to be a force around the world because the global economy is continuing to be more dependent on each other. Even though globalization has been going on for centuries, there has been a new wave of policy and technological developments that have increased relations between trade and investment, and has led to a newer phase of global economic development ("What is globalization | Globalization101", n.d.).
A positive outlook on globalization is the fact that there has been a reduction in the prices of goods and services throughout the world. It is reported that the volume of world trade has increased by 20 times, and the foreign investment between 1997 and 1999 has doubled from $468 billion to $827 billion ("What is globalization | Globalization101", n.d.). The negative aspect of globalization can be seen as a downfall for some companies that have not been keeping up with the demands of globalization and contributing to the some economies that are not the most stable because of unemployment and companies closing. Some can also argue that globalization has a negative impact because it benefits multinational corporations at local enterprises expense because of the international free trade market with the lower costs of goods and services that is more readily accessible to these large corporations ("What is globalization | Globalization101", n.d.).
Technology has been a dominant force in the widespread evolution of globalization. Cell phones…...

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