Analyze the impact of globalization on businesses and the challenges and opportunities it presents.

#impact #globalization #businesses #challenges #opportunities

There is growing sentiment related to

globalization

and how it impacts

people

's life. To understand deeply about globalisation, we need to know what

this

means.

Globalization

can be simply understood as the growing interdependence of the world's economies, cultures, and populations. It brings both challenges and opportunities for individuals and companies too. In

this

essay, I will discuss how it affects

people

life

Replace the word

lives

show examples

and give some clear examples.

To begin

with, the one main challenge that

globalization

brings

people

's life is that it highly creates competition in the domestic market in some countries. In the modern world today, some developed countries

such

as America or Japan have their own modern machines, effective tools, and smart science products that have a strong tendency to enter other markets, and from that point, it creates much pressure for local companies.

For example

, in Finland, the appearance of some famous

technology

brands

such

as Apple or Samsung has created pressure on the local company, Nokia. It plays a part in why they have faced a business recession.

On the other hand

globalization

with effective support from

technology

brings many advantages for both personnel and companies.

However

, I will mention the most effective benefits of

technology

that brings global connections quicker and faster than in the past. Information

technology

has enabled businesses to attain greater reach. Nowadays,

people

can work online, get quick communications, or run businesses through emails, text, instant messaging, websites, social media platforms, etc. A counter-example is working from home during the Covid-19 pandemic.

People

can work, connect, and have meetings, and conservations through meeting apps

such

as Zoom, Skype, Teams, etc. These apps are really convenient and helpful. In conclusion,

globalization

opens up many opportunities for working and studying for everyone. If we can take advantage of global change, we can do many meaningful activities for ourselves and

also

for society.

Submitted by khanhlinh151123 on Thu Apr 13 2023

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Analyze the impact of globalization on businesses and the challenges and opportunities it presents.

Your opinion

some people want government to spend money on life on other planets, however, others think it is a waste of public money when the earth has so many problems. Discuss both views and give your own opinion.

Many governments spend a lot of money on art. Some people think this investment in art is necessary, but others say the money is better spent on improving health and education. Discuss both these views and give your own opinion.

In some cultures, children are often told they can achieve anything in they try hard enough. What are the advantages and disadvantages of giving children this message?

Write about the following topic. Are famous people treated unfairly by the media? Should they be given more privacy, or is the price of their fame an invasion into their private life? Discuss both these views and give your own opinion.