ESSAY FROM ENGLISH ABOUT ECONOMY
BUSSINESS MENAGMENT
Student: Teacher:
Rušiti Damir pr.Nataša Lukić
Business management is the act of getting people together to accomplish
desired goals and objectives. Globalization in short, points to the whole
effort towards making the world global community as a one village.
Globalization on business management is interconnection of
international markets and managing businesses in a global industry. This
includes foreign investments whereby a company expands its business
and invest in foreign countries. Globalization makes business
management easier and efficient for the company. Based on my
research, Globalization simplifies business management in the world.
This is due to the advancement in technology, transport, communication,
education, and regulations of trade that makes trade fair to all parties.
This attracts more people to engage in international business and
international trade. Managers within the global face a lot of challenges
due to high competition in the industry, good decisions must be made in
order to satisfy and maintain their customers and attract more customers
for their products. Companies enjoy economies of scale in the business
due to reduction of cost in the management.Globalization is a very wide
and a very important focus of discussion. I spent time researching what
it is and the effects it has in developed countries and developing
countries. So in this report I will define what globalization is and the
effects according based on my research. Globalization despite having
benefits to the world, it also has a negative effects of it. Globalization in
short, points to the whole effort towards making the world global
community as a one village. Goods that were only found in western
countries can now be found across the globe. Now under developed
areas can enjoy the benefits of scientific advances and industrial
progress available in developed countries for the improvement and
growth of their areas. Because of globalization the economies of the
world are being increasingly integrated, example mobile phones and
internet have brought people closer. The world is becoming a smaller
