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Opportunities Through Globalization

Opportunities Through Globalization

Globalization - Source of Competitive AdvantageGlobalization is here to stay, has already been proven, and culturally people understand the importance of using the strengths of different countries to gain competitive advantage.

Over the years business has become more global. In the beginning, companies experimented on a global level with functions that require less infrastructure and/or local presence investment upfront (e.g. Sales). They have since migrated to “Sourcing” their products & services from low cost countries in Asia. The future belongs to companies that can “Operate” seamlessly at a global level.

Erstwhile closed economies have opened up to foreign trade and businesses in a big way (China, India). Information Technology developments & state of the art communication (internet, phone, video) has also broken down geographical boundaries.