Globalization is the process by which businesses or organizations build up globa

Question

Globalization is the process by which businesses or organizations build up global authority or start functioning on an international level. It increases cross-country investments. This increase in investment is assisted by the increase in IT and communications, which has undergone a noteworthy progression over the last two decades with the rise of the Internet and mobile telephony. Globalization has lead organisations to expand markets. Organisations that use to previously sell its products nationally are now selling products abroad. This increases the profit potential of organisations. Globalisation helps in accessing cheaper resources. International expansion takes place out of a combination of both expanded markets as well as cheaper resources. Globalization has brought ample opportunities for organizations to take advantage of, but has also brought about several challenges in terms of loss of culture, uncertainty and unemployment. Technology has been held close by most corporations as a result of globalized markets. The hard competition within the global market has led most corporations to seek substitute methods to reduce on cost of production.

The major areas that have been positively affected by globalization are:

The areas that have been negatively affected by globalization are:

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please I need extensive explanations on Globalisation and organization like the effect of globalization on organization

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