This document contains a student's assignment on the topic of globalization. It includes: 1) A definition of globalization as the integration of countries into a global economy and market through removing trade barriers and internationalizing products, markets, technologies, capital, human resources, information and cultures. 2) A description of the nature of globalization as involving the expansion of business worldwide, integrating countries into a global market, and creating interdependence between nations through worldwide buying, selling, manufacturing, and sourcing of factors of production. 3) An overview of Ohmae's five stages of globalization from domestic exporting to becoming a true transnational company serving foreign customers.

1. Name: S.kalaiyammal
Class: I MBA
Subject: Business environment
Signature of the student: s.kalaiyammal
To:
Name of the faculty :L.M.Mahalakshmi, MBA
Marks obtained:
Signature of the faculty :

2. Meaning of Globalisation
Globalisation may be defined as
the integration of countries into
world economy or one global
market.
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Export:
Capital
Labour
Language
India in 1991

3. Such integration involves removal of all trade
barriers between countries.
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It is the process of internationalisation of
products,markets,technologies, captial,human
resources,information and cultures.

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It is characterised by growing interdependence between the
countries of the world.
Globalisation refers to the free flow of good and service,
capital, technology and labour among different countries.

5. Nature of globalisation
(i) Globalisation involves expansion of business operation
throughout the world
(ii) It leads to integration of individual countries of the world
into one global market thereby erasing difference between
domestic market and foreign market.
(iii) It creates interdependency between nations.

6. “
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(iv) Buying and selling of good and service takes place from/to
any country in the world.
(v) Manufacturing and marketing facilities are set up any
where on the basis of their feasibility and viability rather
than on national considerations
(vi) Production are planned and development for
the market.

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(vii) Factors of production like raw mateals,labour ,finance, technology and managerial
Skill are sourced from the entire globe
(viii) Corporate stratedies,organisational structures, managerial practices have a global
orientation. The entire globe is viewed as a single market.
(ix) Globalisation does not take place overnight. It proceeds gradually through several
stages
Of internationalisation. According to kenichi ohame there are fives stage of
globalisation.

8. .
a.Domestic company exports to foreign countries through the
dealers or distributors of the home county
b. In the second stage the domestic company exports to foreign
countries directly on its own. It many create a separate export
department for this purpose.
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c. In the third stage the domestic company establishes
production and marketing operation in key foreign countries.

9. d. In the fiurth stage the company sets up a fullfledged
company in the foreign county with all the facilities.
e. in the fifth stage the company becomes a true
transnational company by serving the needs of foreign
customers just the host country’s company serves.
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10. Thank you
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11. Want big impact?
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Use diagrams to explain your ideas
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