Discussion E

Background:

We will be focusing on the identification of the importance of globalization on business and the six key ways a company can expand globally.

From vendors, suppliers, competition, politics, government regulations, and the economy, just to name a few, business owners whether directly or indirectly in the global business market are impacted by globalization. In our discussions this week, we will learn about the various impacts of globalization on business and what advantages and challenges you might face as a business owner in the global business marketplace. It will also be important to know how you might grow your business into a global business one day and what the pros and cons would be associated with a particular entry strategy. Please carefully review the material below before proceeding with this week's tasks.

Identify the importance of globalization on business

Read the following article on globalization.

https://smallbusiness.chron.com/globalization-become-important-77671.html

Please watch this video that explains globalization (4:18):

https://www.youtube.com/watch?v=JJ0nFD19eT8&feature=youtu.be

Please watch this video about the transformational power of multinational business (17:54):

https://www.youtube.com/watch?v=XLdiBNYGd-Y&feature=youtu.be

Please watch this video about cultural intelligence (5:05):

https://www.youtube.com/watch?v=K3S76gAKp6Q&feature=youtu.be

Please watch this video about the CQ wheel (3:12):

https://www.youtube.com/watch?v=JJ_LclEJU8k&feature=youtu.be

Identify six key ways a company can expand globally

Building A Global Brand - Janine Allis, Boost Juice (7:50)

https://www.youtube.com/watch?v=Ddoai_8Vxa0&feature=youtu.be

Please watch this video on international business strategies (5:48):

https://www.youtube.com/watch?v=z7M1vQTvkx4&feature=youtu.be

Prompt

For the Week 4 Discussion, you will provide your answers to the following:

Why is globalization important for business? Name at least one reason and describe it.

Identify and describe one way that you might choose to take your business global? Please explain your reasoning for your selection.

For your citation, you should use articles that show examples of the importance of globalization. You can also find articles from experts that suggest the best ways a business should go global.

Your initial and reply posts should work to develop a group understanding of this topic. Challenge each other. Build on each other. Always be respectful but discuss this and figure it out together.