GLOBAL other no matter where we are.

GLOBAL BUSINESS

 

The
nature of global business environment guarantees that no matter how hard we
work to create a stable and healthy organization, our company will keep on
change dramatically far beyond our power of control. Globalisation is a process
of dealing and incorporating with people, organization and government of
various state/ nation operated by international trade and investment and
supported by information technology. It affects people, organization, their
workforce and customer, not just of common world but generally cultural and
transactional relationships which define word of our age and affect how we
live, communicate/connect to each other no matter where we are. There are four
level in the phase model of globalization and they are: Exporting, cooperative
contracts, strategic alliances and wholly owned affiliates.  The purpose of this essay is to understand the
word global business and Analyze all four stages in phase applying Australian
organization who appear at each step of the problem and their major strength
and weakness will be figure out and outlined1.

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In
simple language global business is an organization or company running business
across the world. World is dynamic and is changing constantly so, is the
business. Advance in technology leads to flowing of data and information in
addition political alliance shift and activities implemented by the global
institutes come up with vast change in global market. Therefore, who want to
understand global business landscape have to study all these aspect in order to
know global business and future trends clearly. For the reliable plan of higher
and sustainable growth of country it is important to being known of full
potential of the single market in order to overcome the economic shortage. As
In Europe antitrust policy help to support the single market and the EU
economic growth and examines challenges for the implementation of antitrust
policy caused by changes in the dynamic and complex economics environment, at
national and international position.  Global completion, imperative quality 2and free trade are
important factor that go with global business plus business landscape are the
major driven point that contribute creating great jobs and growth in
business/market. Whereas some other found it in different way, by testing two
normal international activities the law of semi globalization and the law of
distance by empirical meth ology It is found international market seldom go
beyond 30% Even though importance international business is continuing so, in
some degree world is semi globalized by it. And also assume that different
types of distance harm the growth of positive business activities.3

The yearly value of
global trade in form of export and import is expected to cross $12 trillion. According
to current data world trade is continuously rising at rapid rate than the world
productivity. Export refers to sell the domestic goods and service to foreign
countries. Globalisation increases the annual value of global trade in the form
of export and imports. The reason for company supporting exports are Increase
in sales and profits, improving and enhancing domestic product, rise in global
market share, Low per unit cost Gain new knowledge and experience, Increase the
life cycle of item whereas the main risks with export are trade barrier, large
legal, political and cultural complexity and mostly high financial risk as it

1
Stanley J. Paliwoda 2009

 

 

2 CartelsRevista
de Economics Vol6, Iss3, Pp 36- 50(2014)

3 ENGSIG,
Julian [email protected]@ement 2017, Vol20 Issue 3, p287-297