Tools used to enhance globalization in business (A focus on the Internet)

Topic

Tools used to enhance globalization in business (A focus on the Internet)

Instructions

Discuss the tools used to enhance globalization in business (A focus on the Internet).

Answer preview

Globalization has been touted as a vehicle through which companies can operate in multiple countries. Globalization has significant benefits that improve the performance of the firms; for instance, through globalization, a company can blend with the culture of the foreign country to enhance productivity (Aharoni, 2014). Additionally, companies can outsource and tap on the technological trends that exist in the international market hence improve efficiency. However, concerning its demerits, an economic downturn in one nation could substantially lead to a domino effect thus affect the performance of a business in other countries.

Word count: 951