The Impact of Globalization on Business Management


Authors : Madhushri Koli

Volume/Issue : Volume 9 - 2024, Issue 5 - May

Google Scholar : https://tinyurl.com/yc52xwbv

Scribd : https://tinyurl.com/vtypjvaw

DOI : https://doi.org/10.38124/ijisrt/IJISRT24MAY2044

Abstract : Globalisation is a very challenging programme. Now, there is too much of it. The third world nations are rapidly bridging the economic gap with the upper and middle class of rich nations. Globalisation is associated with higher levels of investment. It has brought rapid increases in the volume of foreign investment. National cultures and business attitudes are also evolving – many non-European and American business school students hire their own teachers in higher education. And one is never innocently national, but without restructuring national strength and sovereignty, globalisation is irreversible, flexible, and inexorable. Yet, a new community is gradually emerging based on a new kind of business ethic and mutual corporate service instead of a balance of power built around a nation's trade nationalism, and the world is richer than it ever was. Rapid innovation and growth in financial markets are, to some extent, explained by the reduction of trading barriers and situations. All of these predictions and shifts are pushing us deeper into globalisation. The subject of research is the determination of the level of globalisation in topical conditions and the development of classes of measurement criteria.

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Globalisation is a very challenging programme. Now, there is too much of it. The third world nations are rapidly bridging the economic gap with the upper and middle class of rich nations. Globalisation is associated with higher levels of investment. It has brought rapid increases in the volume of foreign investment. National cultures and business attitudes are also evolving – many non-European and American business school students hire their own teachers in higher education. And one is never innocently national, but without restructuring national strength and sovereignty, globalisation is irreversible, flexible, and inexorable. Yet, a new community is gradually emerging based on a new kind of business ethic and mutual corporate service instead of a balance of power built around a nation's trade nationalism, and the world is richer than it ever was. Rapid innovation and growth in financial markets are, to some extent, explained by the reduction of trading barriers and situations. All of these predictions and shifts are pushing us deeper into globalisation. The subject of research is the determination of the level of globalisation in topical conditions and the development of classes of measurement criteria.

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