Mgt 448 - Globalization Questionnaire

Globalization Questionnaire

Tanya Stump

MGT/448

June 11, 2012

Dr. Richard Dool

Globalization Questionnaire

Globalization is can be defined as the interaction of different organizations around the World who work together to form a global economy. International trade, outsourcing, and the integration of multi-national organizations are all aspects of globalization

List the major drivers of globalization and provide three examples of each.

The major drivers of globalization include social or demographic changes, declining trade, technological barriers, and investment barriers. Technological barriers include such things as transportation, Internet, and cell phones. The use of technology allows information and data to be transferred at a much higher rate of speed than traditional business interactions that require no technology.

One of the major drivers of Globalization is markets. Global markets are the result of national markets merging to form one considerable market. An example of an organization that would use a national market is McDonald's restaurant. McDonald's has grown to be a global organization that provides its goods to consumers around the world.

Explain at least four effects of globalization that affect your community and your organization.

The effects of globalization on my community and organization include:

1. Economic reliance and development: Globalization has allowed for an increase in International trade, the formation of International understandings, International flow of assets, and the growth of worldwide economic