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Globalization is a complex and multifaceted phenomenon that has transformed the world market and created new challenges and opportunities for businesses. A number of studies
Globalization is a complex and multifaceted phenomenon that has transformed the world market and created new challenges and opportunities for businesses. A number of studies have examined various aspects of globalization and its impact on rms. industries, and economies. This article aims to synthesize some of the key insights and ndings from several notable studies on globalization. One of the primary drivers of globalization is the increasing trend of strategic alliances among rms. In "Globalization and Strategic Alliances: The Challenges and Opportunities of the Changing World Market," Clawson and Gupta argue that strategic alliances are essential for firms seeking to compete effectively in the global market. They also note that successful strategic alliances require firms to navigate complex cultural, legal. and institutional differences across countries. Another major trend associated with globalization is the internationalization of firms. In "Corporate Globalization: Opportunities and Challenges for the 21st Century," Sorensen argues that internationalization is a key strategy for rms seeking to expand their customer base and access new markets. He also notes that internationalization poses new challenges for firms. such as managing cross-border supply chains and navigating local regulations. The impact of globalization on innovation and firm capabilities is also a critical area of study. In "Globalization and Innovation: Implications for Firm Capabilities and Competitive Advantage." Zahra and George argue that globalization has transformed the nature of innovation. requiring rms to develop new capabilities in order to succeed in the global market. They also note that innovation can provide rms with a competitive advantage in the global market. Another area of study related to globalization is its impact on organizational culture. In "The Impact of Globalization on Organizational Culture: A Study of Multinational Corporations in India." Gupta examines the impact of globalization on the organizational culture of multinational corporations in India. She nds that globalization has led to a convergence of organizational cultures across countries, but also notes that local cultural differences can still pose significant challenges for rms. The impact of globalization on business education is also an important area of study. In "Globalization and the Transformation of Business Education: An Empirical Study of the Challenges and Opportunities," Surie examines the challenges and opportunities associated with globalization for business education. She nds that globalization has led to a need for new approaches to business education that emphasize cross-cultural communication and understanding. The impact of globalization on strategic management is also a critical area of study. In "Globalization. Technological Change, and the Challenges of Strategic Management," Teece argues that globalization has transformed the nature of strategic management, requiring firms to be more exible and adaptable in the face of rapid technological change and shifting market conditions. The effects of globalization on innovation and strategic management have been significant for firms seeking to grow their business. Companies must remain flexible and adaptable in the face of rapidly changing market conditions and new technologies. However, by embracing innovation and developing new capabilities, firms can position themselves for success in the global market. https://www.linkedin.com/pulse/globalization-innovation-strategic-management- review-robert Question 1 (a) Evaluate the drivers of Globalisation based on case study. (30 marks) (b) Discuss 6 types of entry mode to International Business. (30 marks) Question 2 (a) Based on case study, Strategic Alliances is one of the key drivers for Globalisation. Elaborate the factors cause Strategic Alliances successful in international business. (20 marks)(b) Evaluate advantages and disadvantages of First Mover to enter market. (20 marks}
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