Globalization My selected topic of the project is globalization. It refers to the economic integration of several formerly national economies into one global economy, specifically by free trade and free mobility of capital alongside smooth and uncontrolled migration. My previous papers prepared me for this more extended project because they gave me an idea of what globalization is all about. The articles made me know globalization in details and thus gave me the confidence of working on it as my main project of research. Additionally, the papers prepared me in a way that I came to understand the other writers who had done research on the same topic and that gave me a more in-depth insight on how I would carry out the literature review. On the other hand, in researching this more extended project, some of the previous papers did not prepare me for the work because not all the documents that I had to read were concerned with globalization. I had to read comprehensive for me to come up with the topic of study. I read a lot;…

Globalization paper Globalization is in the best interest of the company since it would go along way in making sure we assert our position in the market. Competing with other international brands is going to make sure that we work to improve superiority in standards of our products and services offered. Globalization well as helps us to adjust to the fast-changing trends and preferences to continue making our customers satisfied to keep coming back for more and eventually refer others to our exquisite services. For a company such as ours to attain success and realize profits venturing into global markets is imperative, on the condition that sufficient research on the proposed new demands (Eriksen, 2018). Key issues that are to be considered include developing cultural competence, competitive position in the market, international regulations on products, and raw materials, among many other problems. Expanding our operations to another market will help the firm acquire new clients and also initiate and implement changes in production, marketing as different markets require different strategies. It offers new ways of solving problems as they help…

Peak globalization Peak globalization is yet to shape the future of the global economies. Presently, there is precedented increase in the number of business seeking international presence, which is largely contributed to the need to increase the profit margin. the intention expanding is controlled by several factors such as the internal financial capacity, trading laws, and other microenvironments, which have a direct impact on the operations of an organization. Similarly, understanding the behaviour of customers in different regions is paramount, in enhancing proper investment. Predicting future performance of the economy is, therefore, an essential aspect, that would enable the management to allocate resources in the right areas. My intention to pursue a career in economics is geared towards understanding economic theories such as Classical economic theory, to assist the leaders in making informed projections about the future of the market. Economics is where my passion and interest fall, because it offered me a chance to combine both the financial and behavioural aspect of the customers, in making decisions. This journey of personal development began at the University of Richmond, where…

Sunk costs Sunk costs refer to expenses that entities incur and which they can no longer recover in any way. They are also known as stranded costs. Sunk costs are not considered as relevant costs in the differential analysis because they cannot be retrieved. They represent all revenues spent by an organization and are considered as non-factors in the subsequent budgets. For instance, if a business owner decides to shut down the business because it makes losses, it does not mean that the person will get the lost money back. Instead, it means that the business will no longer lose additional money. Various examples can be used to illustrate the concept of sunk costs. The first example, consider a bakery that spends $50000 in making bread and an additional 20000 in promoting the products. Unfortunately, customers do not like the bread, and only $15000 worth of revenues are obtained from the sale of the product. The other part of the budget that does not get recouped is a sunk cost, and the possibility of the losses should be factored into…

 Hotel Room Key System 1.0 Introduction Notably, there are quite a lot of challenges that are faced in each sector. Just like any other business, the hotel market is mainly affected by security issues. Therefore a different system has been deployed to eliminate the chances of insecurity. Key among these issues has been the hotel room key system. Many hotel management teams have claimed that this is a considerable challenge as it has become increasingly easy for thieves to duplicate keys (Ko, 2019). Also, other staff members are not a guarantee that they will not have the vice of stealing. Therefore this topic has become very sensitive and needs to be addressed with immediate effect so that the clients can feel safe. Their belonging and safety should be a top priority in each organization. If clients feel they are insecure, the company can lose most of its customers as there are other hotels in this competitive market. Therefore the hotel room key system and also the security system should be top-notch to eradicate the chances of insecurity. 2.0 Review of…

pricing strategy for BookMe A pricing strategy for BookMe, a bookstore in Dubai, is using similar prices with competitors in the case of business-to-business (B2B) selling. Copying competitor pricing limits for the same class and type of books avoid the comparison of quality based on the cost marked at the bookstore. However, BookMe ought to assess the ability of competitors to mass-produce their books, attracting a lower marginal cost. A second pricing strategy of maximizing sales is the low cost marking of books. For instance, BookMe could mark books at $9.85 and achieve a purchase of 3000 units. Alternatively, the store could mark the price at $18.85 and make 2000 unit sales (Liu, 2018). As such, BookMe has to adopt a pricing strategy that either prioritizes sales, revenues, or marginal profits in a local market dominated by low production competitors. Offering promotional products such as pens, coffee mugs, or notebooks alongside books at the BookMe shifts the comparison of books based on discounts, rather than pricing by competitors. Moreover, individual books are judged based on promotional attributes of discounts rather…

An Evaluation and Measure of the Existence of a Causal Relationship Between Corporate Financial Performance and Corporate Social Responsibility in Mergers and Acquisitions – Estimating the Impact of Globalization Content Analysis The research methodology will be applied in line with the fifth objective of the study. The goal focuses on evaluating the role of globalization in modern business organizations, especially mergers and acquisitions. The method applied (content analysis) will be employed in providing answers to the research question. It will make use of qualitative historical data to highlight how globalization has played a critical role in contemporary businesses.The research proposal acknowledges that business is part of modern society, and the society penetrates often and far into the various decisions made within an organization. The relationship is connected and connected. The separation is evident based on the fact that organizational goals differ from those of the local community. Businesses, therefore, seek to gain profit and should, therefore, engage in activities that are geared towards minimizing costs and maximizing benefits.  The communities also expect the enterprise to be responsible through employing the…

SMEs and Globalization Introduction Globalization can be described as the economic integration of global markets and the socio-cultural researchacross different countries. It aims at promoting business operations globally and provides a competitive edge for the organizations involved due to low operating cost but gain a substantial number of products, services, and consumer. It is facilitated by technological advancements that enhancement international communication. On the other hand, SMEs refer to the population of firms which can be referred to as a heterogeneous whose contribution to the innovation system is not limited to products and service. Objectives The main objective of this research is to discuss the growth of SMEs and globalization today and to analyze the manner in which SMEs and globalization complement each other. Research Questions What are the micro and macro factors that determine the success of SME Internationalization? How do they exert their influence? What drives the internationalization of SMEs? What factors determine entrepreneurial decision-making in the process of Internationalization? How do the SMEs focus on branding while going global? What kind of strategies do firms need to…

The Impact of Globalization Globalization refers to the growing interdependence of the world’s economies, cultures, and population. Globalization has been brought about by the gradual increase in cross-border trade in commodities and services coupled with the advancements in technology. The opening up of borders globally has enabled the free flow of people, information, and investments. Countries have built partnerships and alliances to facilitate the economic, social and political development of their nations. The advent of globalization can be traced back to ancient times, with its impact being felt now more than ever before in history. Globalization has created both opportunities for the development of humanity and challenges that tend to cripple the gains made thus far. As with significant human advances, globalization has benefited the majority of the society, while at the same time producing harm to certain groups. This paper aims to discuss the impacts of the global interdependence of nations while drawing in the opportunities and challenges posed by globalization. History of global integration The improvements in transportation and technology have enabled the quest of humans to move…

definition of globalization Question 1 In the Stanford University Encyclopedia definition of globalization, the focus has been mainly put in explanation of the rudiments of the globalization concepts. It has also emphasized on the discussion of the major disagreements pertaining to the nature of the globalization casual forces. In the first case, globalization has been closely related to deterritoialization, whereby the emphasis here has been on how the geographical location has no impact on the growing variety of the participant’s social activities. In the second case, the definition of globalization has been linked to the interconnectedness of social growth across all existing political and geographical boundaries. In this perception, deterritorialization has been perceived as a close facet in the definition of globalization. In this argument, the majority of human economic activities are based on the strong geographical location; therefore, the crucial facet of globalization concerns the ways through which distant forces and events affect both the regional and local human endeavors. In the third definition of globalization, a close relationship of velocity or speed of human activities has been identified.…