ADMN 1000H Chapter 8: Chapter 8

• School: Trent University
• Department: Business Administration
• Course: ADMN 1000H
• Professor: Maher Galayini

Document Summary

Globalization although there is no universally agreed-upon definition, it may be considered as a process involving the integration of national economies and the process of generating a single world economic system. Can be considered a process that is expanding the degree and forms of cross- border transactions among people, assets, goods, and services. Refers to the growth in direct foreign investment in regions across the world. Reflects the shift toward increasing economic interdependence the process of generating one world economic system or a global economy. Pull factors positive outcomes a business would gain from entering the global market: potential for sales growth, opportunity of obtaining needed resources. Push factors forces that act on all businesses to create an environment where competing successfully means competing globally: the forces of competition. First-mover advantage the benefits of being among the first to establish strong positions in important world markets: the shift toward democracy, the reduction in trade barriers.