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What factor played an important role in speeding up globalization? Broadly speaking, economic, financial, political, technological and social factors have paved the way to globalization. Economic factors mainly include lower trade and investment barriers. Expansion of financial sector is also considered an important force of glo- balization.
What are the two primary drivers of globalization? The four main areas of drivers for globalisation are market, government; cost and competition (see Figure 1). These external drivers affect the main conditions for the potential of globalisation across industries, which are mainly uncontrollable by individual firms.
Which of the following is potentially the most threatening force that managers must deal with in the task environment? Rivalry between competitors is potentially the most threatening force managers must deal with.
Which of the following is a result of globalization quizlet? Terms in this set (20)
Which of the following is the result of globalization? Globalization weakens cultural barriers and reduces dissimilarities between nations.
Achievement-oriented societies value assertiveness, performance, and success and are results-oriented.
Three suggested factors accelerated economic globalization: advancement of science and technology, market oriented economic reforms, and contributions by multinational corporations.
Global Forces Affect Businesses
Raw material availability, supply chain reliability, labor supply, wages, worker expectations, government regulations and consumer demand are all influenced by global factors at work.
Interest rates, inflation, unemployment, economic growth, and other factors that affect the general health and well-being of a nation or the regional economy of an organization.
National differences in tastes and preferences.
In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods.
At the same time, global economic growth and industrial productivity are both the driving force and the major consequences of globalization. They also have big environmental consequences as they contribute to the depletion of natural resources, deforestation and the destruction of ecosystems and loss of biodiversity.
They tend to be leaders. They like to get things done. They meet deadlines, maintain high standards, and look to overcome any circumstance in a positive manner. Because they strive to achieve, others tend to recognize their lead and follow them.
Students’ achievement orientations were shown to be predictive of academic performance, specifically, students with high achievement orientation tended to value competence, expect success and seek challenges, while students with low achievement motivation tended to expect failure and avoid challenges.
Achievement-oriented leaders strive for excellence and set challenging goals, constantly seeking improvement and exhibiting confidence that group members can meet their high expectations.
Furthermore, these factors cover all the four major aspects of globalization i.e. economic, financial, political, social and technological.
We see the phenomenon of globalization as consisting of three interrelated factors-proximity, location, and attitude.
However, in recent decades the process of globalisation has accelerated; this is due to a variety of factors, but important ones include improved trade, increased labour and capital mobility and improved technology.
The drivers of globalization are the reduction of barriers to international trade, increased consumer demand, lowered costs of shipping and production, and technological advancements in communication and transportation.
The five major kinds of drivers, all based on changes that are leading international firms to the globalization of their operations, include political, technological, market, cost, and competitive drivers.
These factors include cultural and social influences, legal issues, demographics, and political conditions, as well as changes in the natural environment and technology. Some major organizations involved in this level of international marketing are the UNO, World Bank, and the WTO.
Raw material availability, supply chain reliability, labor supply, wages, worker expectations, government regulations and consumer demand are all influenced by global factors at work. Every aspect of the goods you sell and the services you provide are at the mercy of the global forces affecting the U.S. economy.
A SWOT (strengths, weaknesses, opportunities and threats) analysis looks at internal and external factors that can affect your business. Internal factors are your strengths and weaknesses. External factors are the threats and opportunities.
Opportunities refer to favorable external factors that could give an organization a competitive advantage. For example, if a country cuts tariffs, a car manufacturer can export its cars into a new market, increasing sales and market share.
Factors, such as employment, community safety, income, housing, transportation, educational attainment, social support, and discrimination account for roughly 40% of all health. These factors are significantly more influential of one’s health than clinical care.
There have been four phases of globalization since the 1800s. The most current phase is characterized by ________. ________ refers to the gradual integration and growing interdependence of national economies. Developing economies lack competitive producers.