Globalization aims to expand business operations worldwide through international strategies, facilitated by advancements in technology and global communications. It seeks to provide organizations with a competitive edge by reducing operating costs and increasing the reach of products, services, and consumers.
Globalization is defined as a process that, based on international strategies, aims to expand business operations on a worldwide level, and was precipitated by the facilitation of global communications due to technological advancements, and socioeconomic, political and environmental developments.
The goal of globalization is to provide organizations a superior competitive position with lower operating costs, to gain greater numbers of products, services and consumers.
