The major drivers of globalization have changed over the passed decade. Instead of only being able to reach thousands of consumers an organization is now able to reach millions.
Government drivers Here nations work together to increase the possibility of trading activities in their international trade to create economic advantage and wealth.
Furthermore, they want to minimize the outflows to less regulated countries Global public policy: governing without government: Wolfgang H. Once more, looking back at the Merriam Webster dictionary it refers to it as, "to make something coverinvolve, or affect the entire world.
An indication of this has been the increase in the number of domestic and foreign strategic alliances by six times during the period Nam-Hoon Kang, Organisation for Economic Co-operation and Development, Much Globalization - words words - 7 pages Introduction: What is Globalization?
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Becoming a global organization has helped economies that would otherwise struggle. In the last half of the twentieth century, the price of transporting products worldwide has fallen dramatically due drops in the cost of air travel, the containerization and increasing ship size Chrystal,p.
Cost drivers These seek out an advantage to a business from the possible lowering of the cost of the service or production, and would include: gaining economies of scale from increasing the size of the business operation; the development and growth of technological innovation; lower labour and other resource costs in developing countries; fast and efficient transportation systems with the development of improved infrastructure.
Globalization is the shift to a more integrated and independent world economy Hill, The most important innovation has been development in the microprocessors after that global communications have been revolutionized by developments in satellite, optical fiber, and wireless technologies, and now the Internet and the www.