Globalization - Future Business Proposal

Business Proposal

Mahamadou Aminou Dambo

Professor: Richardson

Writing 300

10/28/2014

 Future Business Proposal

In the future, if I decide to open a business, I will make sure I go global. Globalization is known to be a very important part of a business. Many businesses failed today because they didn’t go global. Globalization has led to organizations investing in all countries irrespective of their business line. Globalization is a process of international integration that revolves around exchange of culture, ideas, products, and worldviews. Telecommunication and transportation advances, which have been happening over the years, have played a key role in bringing people closer. Internet on the other hand, has made exchange of ideas possible between people living in different parts of the world. This has brought the different cultures that live in world closer to one another. Different scholars have different views on the beginning of globalization with some arguing that it started before Europeans discovered the new world while others relate it to modern times. The late 19th century and 20th century have witnessed rapid growth of world’s economies and connectivity of cultures. It is worth noting that “In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people and the dissemination of knowledge” (Murphy, 2014). In addition, some negative effects happening in the environment such as over fishing, air pollution, cross boundary water and climate change are closely linked with globalization. Natural environment, socio-cultural resources, economics, work organizations, and businesses affect globalizing processes.

For thousands of years people have been interacting over long distances. Initially Europe, Africa, and Asia were connected by the overland Silk Road. These interactions have led to the mixture of cultural aspects, arts, language, religion, and philosophy. This mixture occurred as people exchanged ideas and products from different places. Europeans discovered New World in Americas during the 15th and 16th centuries as they explored the seas. The following centuries saw an increase in global movement of ideas, goods, and people. Railroads and steamship were invented in the early 19th century, which eased transport across continents. In addition, global interchange was eased after advances of telecommunication for it led to compression of time. Transportation became faster during the 20th century after the invention of airlines, intermodal transport, and road vehicles. By the year 2010, billions of people around the world were connected by the Internet and mobile phones in new ways (Murphy, 2014).