Definition Of Globalisation In Business Studies

Globalisation means the cultural political economic and technological interdependencies between national institutions and economies.

Definition of globalisation in business studies. Let s look at two more definitions of globalisation. The impact of globalisation on businesses. Globalisation is a process in which economies have become increasingly integrated and inter dependent. Selling to overseas markets changing business locations.

A2 2 business studies globalisation. Business studies tuesday 15 january 2013. Definition concept 3 35 global perspective of management. Globalisation is dynamic rather than an end state.

The process of globalisation has significant economic business and social implications. In terms of business globalisation means the integration of national economies into the international economy through trade foreign direct investment capital flows migration and the spread of technology. Competition from overseas buying from overseas exports. Globalisation is a process where an increased proportion of economic social and cultural activity is carried out across national borders.

So what does globalisation actually mean. First from the oced. In terms of your studies of global business it is important to understand that. Globalization of business is the change in a business from a company associated with a single country to one that operates in multiple countries.