Globalization of Business

To be successful in any endeavor you must first know the significance and value of what you are pursuing. For this term paper, I will endeavor to relay some of the key elements involved in understanding the globalization of a local business into the international market, and the many issues that occur along the way that must be dealt with the utmost attention and care.

The essence of globalization of business is broadening interdependence among people from different parts of the world, especially among different countries, and growing relationships to enhance and expand the world market as one. Globalization is the integration of economic, political, and cultural systems across the globe. It is a force of economic growth and prosperity, both for the host country and the home country.

I think when you take on a great a challenge such as this there are many aspects that have to be considered in order to make the relationships work smoothly and efficiently so that there is trust there in order for the business to mature and grow outside its own