Industry Drivers Of Globalization
An industry's potential for globalization is driven by market, economic, environmental, and competitive factors. Market forces determine the customers' receptivity to a global product; economic factors determine whether pursuing a global strategy can provide a cost advantage; environmental factors show whether the necessary supporting infrastructure is there; and competitive factors provide a spur to action.
Drivers of globalization
- describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade.
The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.
- Technological drivers of globalization
- Political drivers of globalization
- Market drivers of globalization
- Cost Drivers of globalization
- Competitive drivers of globalization
Organizational Factors In Globalization
Organizational factors can support or undercut a business's attempt to globalize. Four factors affect the ability of an organization to develop and implement global strategy: organization structure, management processes, people, and culture. Each of these aspects of organization operates powerfully in different ways.