Globalization
Definition
Globalization
Increased interconnectedness of the world, where goods, services, information, and people move more freely across borders.
Borderless selling
- Borderless selling refers to the ability of businesses to sell products or services across international borders without barriers.
- Digital platforms have made it easier for companies to reach global markets.
Definition
Global Sourcing
Buying goods from all around the world without borders.
International Techniques
Changing a business' operations in globalization includes:
- Offshoring: Moving businesses overseas.
- Outsourcing: Moving operations to another company overseas.
- Reshoring: Returning outsourced jobs back from overseas.
- Near sourcing: Moving operations close to end sales.
- Insourcing: Replacing outsourcing with existing in-home employees.
- How has globalization changed the way businesses operate in the digital age?
- What are the advantages and disadvantages of borderless selling and global sourcing?
- How do different sourcing strategies impact local and global economies?
How does globalization challenge traditional notions of sovereignty and national identity?
