MGT 448 Week 1

Individual Assignment Globalization Questionnaire

Prepare a comprehensive response to the following questions in 350 words.

What is globalization, and what are some of the traditional international trade theories that support the concept of globalization?

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

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

Discussion Questions

What technological advances in telecommunications and transportation have influenced global business in the last decade? How have these technological advances affected regional economic development? What trends may be anticipated in these areas? Would globalization have been possible without these technological advances?

Discuss how culture, language, and religion might influence the costs of doing business in a particular country. Support your statement with examples.

Discuss the following theory: The study of global business is relevant if you work or plan to work in a large multinational company, but it has little or no significance for individuals who work in smaller national firms. Do you agree or disagree? Defend your argument with at least two supporting statements.

Why is it important to understand the political and economic history of a region when expanding into markets in that region?