Question

Chapter Topic: Globalization and Society

Thumbs Up Will Be Given For Answer.

Please find an INTERNATIONAL BUSINESS article to use. By doing so, YOU NEED to please visit websites such as Reuters, Bloomberg, Wall Street Journal, etc, and put in the keywords "International Business" and the chapter topic "Globalization and Society" on the website. You NEED to choose a relevant and interesting article that was made within the PAST COUPLE MONTHS that has to do with "International Business" and the chapter topic "Globalization and Society". ***MUST INCLUDE LINK FOR ARTICLE USED*** (2-3 paragraphs please)

Question:

A) Key international business dimension for the article?

B) How this article relates to the chapter topic "Globalization and Society"?

C) Why this article got your attention?

Answer 1

1. The most important dimensions for international businesses are as follows:

• Economic: Economy is the most powerful factor for any business it can be small or it can be large. It includes the rate of inflation and interest rate which affect the businesses most. When the inflation rate is high, the demand for the products is decreased and if the interest rates are lower no one can buy the business policies which they offer to the general public and result in lower profitability.
• Social: The social dimension includes the customs, lifestyle, literacy rate and education of the particular place where the company serves its services. If these factors are misinterpreted by the company then there should be a problem faced by the company for successful movement.
• Technological: The environment is changed according to the time changed as it is dynamic. Due to this, the preferences and taste of the customers are also changed which needs to be fulfilled by the companies. For this, businesses should adopt innovations and technology to reduce efforts and satisfy the customers’ needs.

2. Globalization is the process in which an individual, group of individuals and companies are interacting with each other worldwide. So, this is the platform where all individuals can connect and listen to each other. Due to globalization, the trade of the companies is increased and reaches the peek which helps the businesses to grow more in the industry and make the business more profitable. Globalization is also helpful for the country’s economy which shows a positive effect on society. This shows that the international business is directly related to globalization and society.

1. Businesses are the most important part of our society as they help to increase the country’s economy and make it more powerful in the world. In this article, there are many areas where the writer pays attention to the benefits of globalization and society on international businesses.

References:

https://ecipe.org/publications/the-economic-benefits-of-globalization-for-business-and-consumers/