The Effects Of Globalisation On Business

Business man holding earthWe’ve seen such a growth in globalisation and its tentacles will only keep spreading as time goes on.

Here at MTD, we have noticed how the enquiries from all over the world have increased exponentially over the last few years.

There’s no doubt about the benefits this brings us all in business.

There is a permanent shift in the domain of knowledge that enables any individual from any country to access large databases of resources and information.

What have been the results?

Rise in Competition

This is the single biggest benefit of globalisation all around the world.

With enhanced competition from foreign brands and companies, industries of every nation are compelled to improve their standards and quality and customer satisfaction services.

This benefits the customers and the economy as a whole, and raises the standard of living of everybody.

This could be viewed as a negative impact by many, but no-one can deny the impact it has had.

Rise in Technology and Know How

The rise in knowledge levels of countries as newer cultures and technologies are opened to a particular area are clear.

Their knowledge base also grows and expands simultaneously.

As a result, they are better able to handle their primary and secondary industries, and this ultimately affects their tertiary sectors in a positive manner as well.

Rise in Opportunities

With a larger number of industries and resources available, the opportunities for people grow exponentially too.

There are many more jobs available to people, and more and more people are also exposed to the lucrative benefits of moving abroad.

This increases immigration rates as well, thus giving people the chance to grow economically and socially.

Whatever your viewpoint of immigration, there is no doubt it has opened up masses of opportunities to millions of people who would otherwise have not seen any improvements

Rise in Investment Levels

The rise in foreign investment in countries helps industries and native cities grow at a rapid pace, and this is something that every nation should be open to since it is a highly beneficial venture for them.

There is so much that they can gain in the process as well. Every country now imports more than ever before, so that global growth has shared resources and abilities in a way that we could never have imagined even 50 years ago

Whatever your viewpoints on globalisation, you cannot hold it back and it is offering opportunities that we have never seen before.

Only by tapping into the benefits that exist within the global network will nations, industries, companies and individuals learn to grow and nurture each other to everyone’s benefit.

Before I sign off, here are some more articles on succeeding in an international company:

Thanks again


Sean McPheat

Managing Director

MTD Training | Management Blog | Image courtesy of Big Stock Photo

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