24/7 Childcare Global / International Issues Research

24/7 Childcare Global/International Issues
Name:
Institutional Affiliation:
Date
Introduction
Everyone today would agree with me that the world has moved towards a state of financial, economic, trade and communication approach that are integrated in the society and that impact several spheres of the community we live in (David, 2014). As a result of globalization, we have experienced the opening of both the nationalistic and local perspectives that give and determine the broader outlook of the interconnections and interdependence of the world that allows for the free transfer of services, capital and goods across different platforms. This paper therefore seeks to determine the proponents of globalization.
Globalization Defined
Globalization as depicted determines the process through which interactions and integrations occur among different people, governments within different countries, and companies as a result of international trade and investment that is spurred and sparkled by the element of technology. This process is therefore considered to have effects on the economic development, culture, environment, human physical well-being and the political system’s within the societies in the world. It is essential to determine the fact that the proponent of globalization is not a new term in the world since several years ago people used to buy and sell good from each other, with even nations engaging in such trade agreements.
How to decide to go Global
It is imperative to first mention that organizations that carry out their business functions across different nations are referred to as multinational corporations(David, 2014). In arriving at the decisions of such corporations going global, more effort is therefore needed in the identification and evaluation of different trends in different markets, a factor that may make the element of strategic management difficult especially when such multinationals operate in different cultures.
Before a multinational corporation enters an international market, it is essential that such an entity go through different journals with the aim of finding relevant information and advice from different sources. Such organizations may also chose to conduct or take part in trade fairs or even enter into partnerships with other organizations that carry out the same business functions in the entry market to broaden their contacts and eradicate the risks that may be associated in entering such new markets (Deutschmann, 2014). Another approach would entail such organizations obtaining insurance covers oversees to invest in such markets. In other words, organizations need to conduct an extensive research and determine the viability of their business functions in different global markets.
Advantages and Disadvantages of International Operations
As determined in this study, organizations may determine several factors that may profit them in initiating and expanding their business functions in different boarders. In this, it is essential to first determine that the firms may have the capacity to move their goods and services into a different market that would attract different customer segments that will be treated as assets to the organiza...