Entry 6 (IY1 Introduction to Business and Management)

Entry 6

In this entry, I am going to discuss globalisation.


The definition of globalisation

Globalisation will be defined as increased international mutual exchange of commercial goods and trade, traveling and migration, financial streams and direct cross border investment, as well as exchange of ideas and intellectual property (Hein, 2009).

The background of globalisation 

1) The development of  transportation and communication technology.
2) Influence of an open-door policy.
3) Entrance of World Trade Organisation.

The benefits of globalisation

1) The acceleration of global development took place due to interchange of technology.
2) Social and political developments are caused by globalisation.
3) Globalisation can help solve problem regarding human rights, especially sexual exploitation and     abuse.

The shortcoming of globalisation

1) Globalisation brought about the polarization of wealth.
2) Global warming.
3) Globalisation affected the extinction of languages around the world.

                                                                        <Example>

                     Let's move on to the case in the globalisation of Apple and Samsung companies.

 

 

The market of Apple has been broadened through improved transportation, communications and the movement of people and capital. Apple would like to make its products in China. This is because labor wages in China are more cheaper than in the United States. However, there are some problems related to the Apple company. It is working condition. In other words, workers in China have been unfairly treated in some factories. They are working more than regular working hours and receving  more lower wages than wages that were promised. This has affected customers in China, boycotting Apple's produsts in some regions. Therefore, globalisaion of the Apple has both strong and weak points.

 

 

                                                        

  

                        In the beginning, Samsung sold fruits, fishes and vegetables to China.
                        In 1969, Samsung Electronics was founded.
                        In 1980, Samsung began to make telecommunication devices.

                             Samsung changed its logo to attract a lot of people in the world.

                               

              
                                    Samsung has three major messages to the world.
                                  
                                                      1) New Technology
                                                      2) Innovative Products
                                                      3) Creative Solutions

Globalisation causes the exchange of technology within Samsung's network system in the world.
                              
                             The market shares of Samsung in the world has increased.

                                                 

 Samsung has gained a lot of profits via globalisation, tarketing customers in the world.

In conclusion, I mentioned a lot of things of  globalisation. In addtion, I applied globalisation to two companies. Globalisation has advantages and disadvantages. Therefore, globalisation should be implemented, strengthening the strength and making up for the weakness.