Business Development and the Nature Globalization Essay

Business Development and the Nature Globalization - Essay ExampleThese tasks involve sales, marketing, as surface(p) as the development of suitable and reliable strategies for the business organisation. The attention of each(prenominal) businesses should be directed towards the founding of marketing teams with suitable strategies as well as focus on business expansion. Globalisation is all about expansion hence, Avny (2006) believes that business entities are obliged to embrace the concept in order to procure immense expansion and generate signifi dealt revenue for its self as well as depicted object growth and development. Globalisation, as earlier noted is a product of human innovation and rapid advancement in technology. Technology presents business organisations with numerous opportunities that can be pivotal in the success or rather development of a business entity. The frequent identification of these opportunities presented by technology makes it possible for these ha lf-size business entities to expand and reach international markets and as a result bring in more than income. Thus, Todaro and Smith (2009) opine that business developments major role is to help firms identify and get advantage of the emerging market opportunities. The Nature of Globalisation Among the phenomena worth taking note of across the croak period of the twentieth century is globalisation. By itself, it carries significant importance both in developing or what are referred to as Least Developed Countries (LDCs), and developed nations across the globe. The process emergence and expansion can be credited to the advancements made in the transportation sector, communications as well as the rapid technological advancement towards the end of the twentieth century and into the twenty first century (Avny, 2007). The advancements made dupe helped in the reallocation of human... This essay approves that the growth and development of infrastructure like roads and communication li nes make water resulted in the reduced intervals between the travel times taken from the production and or manufacturing point to finale and or sale points enabling more countries to take part in the trade. The growth of these activities has take hold ofn more opportunities boot out for the development of business entities which has been a credible contributor to the advancement in the economy of LDCs. It is easy to see the amount of similar products that are flooding the innovation markets in the contemporary world an indicator that the world is moving in the direction of becoming a one-village market and or community. According to Birdsall, Rodrik and Subramanian, these developments result in the fast growth and development of these nations economies due to the increased multinational trade. The activities involving movement and or exchange of superior included indirect and direct financial investments in least developed countries (LDCs) with the aim of raising the incomes a nd or revenue of the countries. The local businesses and or industries are required to meet international standards as a prerequisite of globalisation and as a result some are forced to merge with other multinationals in order to increase their operations.This report makes a conclusion that globalisation is an evoking concept that still is opposed by an ideological minority unable to deny the benefits associated with globalisation knowledge with respect to development of businesses as well as national economies. The few who view globalisation as some form of capitalism should bedevil the idea and embrace the concept as a major factor in business development.