The Impact of Globalization and the Internet Presents Real

The topic of globalization has flex a hotly contested debate over the past ii decades. Indeed, the amplificationd integration of international economies have led to costs to around and benefits to others. These costs and benefits are a result of lead effects of globalization, that is, grow markets, cheaper resources or a combination of the two. Firstly, from the business perspective, one effect of globalization is that of expanded markets. This means that a business that had previously only change its goods domestically can get weaving selling products to other countries and this can increase their profit potential.Secondly, another consequence of bilateral trade agreements is the access to cheaper resources. Until the start of the 1990s, the Peoples Republic of China was largely closed off to the rest of the world. more companies in the United States produced their goods either domestically or in areas with pretty less expensive sedulousness. When China opened its market t o the rest of the world, however, American companies were able to take advantage of the far cheaper labor.This is tell apartn as outsourcing. Cheaper labor contributes to cheaper costs, which in turn contributes to larger profits. Sometimes, but not always, this may likewise mean cheaper products and services. Finally, International development, as a consequence of globalization, arises out of a combination of both expanded markets as headspring as cheaper resources. A prime example of this is India. Before the late 90s, the information technology firmament in India was largely in its infancy stage.However, coupled with an educated til now inexpensive workforce, foreign companies were able to start subsidiaries of high tech activities in cities like Bangalore. This technological know-how spread to local firms, who in turn grew as a result of expanded markets both in India as well as the rest of the world. More and more organizations are getting hooklike into the Internet. They use the Internet to promote and sell their products and services, provide customer support, devolve training, and share corporate information with clients, employees, and customers.Businesses have found that the Internet is a powerful tool to help keep their employees and customers connected. In Vietnam, many organizations know to take advantages of globalization and internet to manage their operations. However, to survive in a competitive environment, they must understand in depth the strategic mean with the support of two above factors. Strategic planning is an organizations process of defining its strategy , or direction, and making decision on allocating its resources to pursue this strategy.In order to determine the direction of the organization, it is necessary to understand its received position and the possible avenues through which it can pursue a cross course of action. Generally, strategic planning deals with at least one of three key questions 1. What do we do? 2. For whom do we do it? 3. How do we outmatch? With the aid of Internet, firms can use high technology to access the away situation analysis, supplier markets and labor markets. In addition, they can easily sire the database of competitors on the internet to design the attractive policy and prices for their own companies.References reheel Wheelen, T. L. , & Hunger, J. D. (2012). Concepts in strategic management and business policy (13th ed. ). Upper burthen River, NJ Prentice Hall. Myatt, M. (2011). The impact of globalization on business. Retrieved from http//www. n2growth. com/blog/the-impact-of-globalization-on-business/ reverse lightning , J. (2011). How Does Globalization Affect an Organizations Business Approach? Retrieved from http//smallbusiness. chron. com/globalization-affect-organizations-business-approach-20077. html