The disvantage and advantage of globalization

Globalization describes the process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade. ” (Globalization, 2010). Nowadays, small business has to compete against multinational companies face to face as globalization becomes an irreversible momentum. In some case, small business have no need to against the large companies because they focus on different scale until the small companies grow up.

However, I agree that small business in IT industries cannot compete against multinational companies when small companies become threats to the lager ones. In this essay, I will explain why small business still exist today and compare their advantages to multinational companies in the sector of financial strengths and productivity advantages. Small business still exists now because they have unique features, especially they focus on the lower market. It is no need for them to compete against the multinational companies Sometimes. Hey sever the specific communities. Such as they are willing to run their small business in some small illegal and remote area where multinational firms do not pay attention to. Enclave, K. (2002) argued that small business have to overcome these rules: “… Information technology (IT) powerless crowd out product development Initiatives… ” It Is clearly that overcoming these sales abstract is difficult but not impossible. Small business has its own advantages because it can use convenient and easy solutions to common business problems.

However, low price is the most popular strategy for small business to make profits and attract customers’ attention. Small business spends less none on advanced Invention. Comparing Dell Company mentioned by Enclave (2002) that if they want to enlarge their popularity they have prepackaged solutions to meet unique buyer’s need. They set up specific system to solve these problems to keep In touch with their customers. As a result, they have to Invest more money to the stuff. In order to maintain their cost, they have to raise the selling price. That Is the major reason why small business can exist at present.

But after small companies changes into large ones, multinational firms consider those companies as a threat, in order to hold their markets share, which will acquire or knock down small business before they growth. Multinational corporations have financial strength support them to enlarge their market share. As a result, it is relatively easy for them to meet the customers’ need and enhance their reputation. Large companies are willing to spend money on observations about what people really need and want to buy. They invest amount of money In advertising their products.

For example, IBM personal computer business was acquired by Chinese famous personal computer brand Leno, and hen, spend almost one million hired Chinese famous movie star Jingle Xx as their spokeswomen. Not only this, Leno company invest large deal of money to sponsor many activities on television and radio to enhance its popularity. As for small business, they will be asked for achieve their customers’ need and have large fund to broaden kinds of products claimed by Enclave (2002). Preston (2010) cited 1 OFF than what you have. ” It seems hard for small business to follow multinational companies.

Small business have tight budget and less popular than large firms, asking over large companies market stocks is difficult for it. Small companies can still exist because of the scale they were chosen. Sheldon small firms are held in CAB, they chose to serve the limited people instead of making less money because much more large companies in there. Small business avoid compete against large firms directly. Multinationals companies have high productivity benefit from their advanced technology. High technology helps those firms make high profits and also help themselves a lot. The productivity advantage of foreign-owned firms is usually en as reflecting multinationals’ technological advantage visa–visa domestic firms. ” (Marksmen, 2002 cited by Grammar & G¶erg, 2007). However, advanced technology plays vital role in processing high productivity. Consumers are more willing to pay more to buy those high quality productions, they believe this goods produced by large companies have quality assurance. Another example to support this argument is by Preston (2010) whose study compares the strategic IT companies in the world.

He shows that IBM as a technology provider, grabbing consumer market by its innovation product named Smarter Planet. Some software companies in small scale sell some cheaper goods to make profit, but these products cannot run well in the long term. Consequently, people always spend a lot to repair them. Then, fewer people will purchase their products because of lacking of guarantee. It leads themselves face the big problem that bankruptcy or acquired by large firms. Grammar (2007) quotes Balk (2001) who stated that different roles in different kinds of economies play various roles for productivity growth.

To conclude, Multinational reparations have financial strength support them to enlarge their market share. For instance, improving popularity through advertisement and getting high productivity because of their advanced technology. In some cases, small business has no need to fight against multinational companies as they are focus on different market. When small business growing up, they would be take into consideration by large companies because those firms will reduce their market share. Whether small business should compete against multinational ones or not depend on what market they focus on.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Customer 452773, March 21st, 2024
Business and administrative studies
always perfect work and always completed early
Customer 452773, February 21st, 2023
Leadership Studies
excellent job
Customer 452773, August 3rd, 2023
English 101
IThank you
Customer 452631, April 6th, 2021
Thank you
Customer 452811, February 17th, 2024
Human Resources Management (HRM)
excellent job
Customer 452773, July 17th, 2023
Great job
Customer 452773, February 13th, 2023
Thank youuuu
Customer 452729, May 30th, 2021
I just need some minor alterations. Thanks.
Customer 452547, February 10th, 2021
Business and administrative studies
Thank you for your hard work and effort. Made a 96 out of 125 points Lacked information from the rubic
Customer 452773, October 27th, 2023
Business and administrative studies
Excellent job
Customer 452773, March 9th, 2023
Business and administrative studies
Customer 452773, February 23rd, 2023
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes
Live ChatWhatsApp