Response 1: In    this generation some people aren’t willing to take any risk.    The economy has changed dramatically over the years. I do support    our furniture company going global. I believe that if you are    prepared you can succeed. We have done a lot of preparation for this    International launch .      According to “(Vaibmu, 2013 )”       Strategizing global expansion there are six factors when pursuing      your company internationally. First, a      strong validation and where to grow, secondly, which activities to      participate in terms of value web, third, a verdict for the bet      entry model in an international company, fourth an organizational      structure best for the company, fifth, finalizing the best values,      lastly, not failing to victim to perceptive biases in the      decision-making process. (Vaibmu, 2013) After    further review and preparation, I feel it is in the companies’     best interest to go global with our growing furniture company. Going    global will increase competition however, it also increases our    consumer base and having more potential customers. Having more    customers means higher profit.  We    shouldn’t stop our potential growth in fear that it can be a    failure. “Globalization has also increased job opportunities    in capital scarce, labor-rich countries as well as developing    countries”. (Smartasset.com) With    globalization increasing the competition this can be correlated to    cost, target market, technological adaptation and quick production    by companies. When a company produces with less cost and sells    cheaper it can increase its market share. Globalization has also    increased the rate of technology transfer and its    improvement”. (bookboon.com) Economists have a confident    viewpoint when it comes to the net effects of economic growth. Over    the years it was evaluated by numerous studies trying to ration the    influence of globalization on other countries financial prudence    using variables such as trade, capital flows, GDP and foreign direct    investment. (Investopedia.com) Some people may think that providing    jobs in other countries is decreasing the jobs in our country and in    some ways, they are right but on the other side to that we are    providing less expensive products. It is logical to understand that    lower labor cost to manufacture a product in return make the product    cheaper. However, is quality the same? Is it worth it? I think that    with majority of things sold in the United States many of those    items are made in China. It can even be a running joke. We continue    to keep doing business with China even if we consider their quality “cheap”. Throughout    the past month in this course my view on globalization has changed    dramatically. I see businesses all over competing against each other    and at least half of them where I live are closing its doors. It can    be viewed as risky for any business even just in th ...

1. Response 1:
In this generation some people aren’t willing to take any risk.
The economy has changed dramatically over the years. I do
support our furniture company going global. I believe that if
you are prepared you can succeed. We have done a lot of
preparation for this International launch . According to
“(Vaibmu, 2013
)” Strategizing global expansion there are six factors when
pursuing your company internationally. First, a strong
validation and where to grow, secondly, which activities to
participate in terms of value web, third, a verdict for the bet
entry model in an international company, fourth an
organizational structure best for the company, fifth,
finalizing the best values, lastly, not failing to victim to
perceptive biases in the decision-making process.
(Vaibmu, 2013)
After further review and preparation, I feel it is in the
companies’ best interest to go global with our growing
furniture company. Going global will increase competition
however, it also increases our consumer base and having more
potential customers. Having more customers means higher
profit. We shouldn’t stop our potential growth in fear that it
can be a failure. “Globalization has also increased job
opportunities in capital scarce, labor-rich countries as well as
developing countries”. (Smartasset.com)
With globalization increasing the competition this can be
correlated to cost, target market, technological adaptation and
quick production by companies. When a company produces
with less cost and sells cheaper it can increase its market
share. Globalization has also increased the rate of technology
transfer and its improvement”. (bookboon.com) Economists
have a confident viewpoint when it comes to the net effects of

2. economic growth. Over the years it was evaluated by
numerous studies trying to ration the influence of
globalization on other countries financial prudence using
variables such as trade, capital flows, GDP and foreign direct
investment. (Investopedia.com) Some people may think that
providing jobs in other countries is decreasing the jobs in our
country and in some ways, they are right but on the other side
to that we are providing less expensive products. It is logical
to understand that lower labor cost to manufacture a product
in return make the product cheaper. However, is quality the
same? Is it worth it? I think that with majority of things sold
in the United States many of those items are made in China. It
can even be a running joke. We continue to keep doing
business with China even if we consider their quality “cheap”.
Throughout the past month in this course my view on
globalization has changed dramatically. I see businesses all
over competing against each other and at least half of them
where I live are closing its doors. It can be viewed as risky
for any business even just in the U.S but to take a business
across the globe is even riskier. The businesses I have been
seeing are only competing locally, so I only imagined that
going global was a mistake. It may be a mistake for some
however, in our case it is only expanding and was the best
decision we have made this year. With everything we have
learned it has only benefitted our company in a multitude of
ways. We could have been closing our doors and given up
once Ashley Furniture and La-z Boy have consumed the
market. Increasing our consumer base has changed everything
for the better. I wouldn’t go back and change a thing.
Response 2:
Are you for or against globalization?

3. My team and I are for globalization. The important stages of
globalization are to carefully weigh the pros and cons in terms
of their acceptance in the globalized economy. Our
globalization strategy takes into account the countries loyalty
to domestically made products and the overall feeling of our
company’s origin. Even with all the research we have
established the globalization strategy will work culturally,
socially, and politically but it may not always work
financially. There are always concerns that will arise when
expanding, but if concerns arise with the costs, resources, or
our profitability then we will have to rethink our strategy or,
worst case scenario, back out of the plan. Overall I believe we
will be successful when expanding to Brazil with all the
research our team has done.
Is your recommendation for your company to go global?
Why or why not?
My recommendation is for our company to continue with our
strategic plan to globalize. Brazil has a rich and prosperous
amount of resources that our company could use. We would
only have to import a small amount of items that Brazil does
not currently make. Brazils market is up and coming and can
support the growth of our furniture company. Although there
is an abundance of furniture competition, we are coming in
with new designs, new patterns, and a strong marketing plan.
One of the greatest things about Brazil is it’s not already
saturated in our industry, there is room for growth and
innovative ideas within their culture. Not only is this an
opportunity for us to grow as a company and with our
products but it could help Brazilian consumers grow with
their taste in furniture.
How does globalization impact the marketplace as a whole?
Globalization impacts the marketplace as a whole by creating

4. more competition in every aspect. It is supply and demand.
The more in the industry there is a large supply and
consumers are demanding more. This aspect can change the
access to materials and the potential to lower prices when
competing with many others. A lot of this comes into play if
designs are similar, luckily we have custom furniture that is
unique to many, especially in a new culture. Another way it can
impact the marketplace is contributing to the economy, more
jobs to offer, income changes, and innovative ideas (22
Globalization Pros & Cons, 2017).
A great example of these impacts in the marketplace is like
having diversity in the workplace. When there are diverse
individuals bring their knowledge, experiences, and
technology skills to the table. Even though some of their
skills may not help in the workplace, many of their other
skills will as we all have opportunity to learn from others.
This concept is the same for globalization and change is a
good thing.
Has your opinion changed from the beginning of the course
to now?
My opinion has not changed from the beginning of the course
until now, I support globalization. The different specifics of
globalization have changed almost daily since the beginning
of class. All the research and different thoughts and points of
view have opened my eyes wider to business decisions and
long term sustainability. I have learned there are many pros
and cons to expanding but with the proper research expanding
can be successful with future growth. We can help the
economy and we are helping our company increase profits.
Globalizing also can encourage policy changes in order to
accommodate easier routes in to the market (Collins, 2015).
With that being said, it is not always best to stay domestic if
the opportunity arises.