This document discusses globalization and international strategy. It defines globalization and discusses its levels, features, drivers, approaches, stages, benefits, and ill effects. It also discusses globalization policy suggestions from the UNDP, India's strengths and challenges for globalization, and entry strategies for international business. The document is a lecture on globalization and international strategy presented by Prof. S P Das.

1. Globalization / International StrategyProf. S P DasM. Phil (Economics), M.B.A. (Finance), M.A. (Economics), MCCP, PGDM, PGDFM, DBM, DHMCT, B.Com, UGC-SET (Economics)

2. Globalization?Globalization may be defined as “the process of integration of economies across the world through cross-border flow of factors, products and information.”The IMF defines globalization as “the growing interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology.Prof. S P Das

3. Levels of GlobalizationMicro Level – Globalization of Business and FirmMacro Level – Globalization of the World EconomyProf. S P Das

4. Features of GlobalizationOperates and Plans to expand all over the worldRemoving differences between domestic and foreign marketsBuying and Selling across the globeManufacturing and Production any where as per the economy of scaleProduct planning and development based on market consideration of entire worldFactors of production are sourced from around the globeCreation of global culture among the minds of employeesCarries both promises and threats at the national, regional, organization and individual level.Prof. S P Das

5. Drivers of GlobalizationIncreasing International TradeProduction Sharing / Global OutsourcingInternational Investments and ProductionCross Border Mergers & AcquisitionsEconomic Integration though Trade PactsRapid Increase in Communications and expansion of technologyDevelopment of supporting servicesConsumer PressuresIncrease in Global CompetitionProf. S P Das

6. Approaches to GlobalizationEthnocentric ApproachPolycentric ApproachRegion-centric ApproachGeocentric ApproachProf. S P Das

7. Globalization Process / StagesProf. S P Das

8. Benefits of GlobalizationFree Flow of CapitalFree Flow of TechnologySpreading out of Manufacturing FacilitiesBalance Development of world EconomyIncrease in Production and ConsumptionLow Prices with High QualityCultural Exchange and Demand for Variety of ProductsIncrease in Employment and IncomeHigh Standard of LivingBalance Human DevelopmentIncrease in welfare and prosperityProf. S P Das

9. Ill Effects of GlobalizationGlobal dominance of industries by MNCMay kill domestic IndustriesExploitation of Human ResourcesUnder employment / unemploymentDecline in Demand for domestic productsIncreasing inequality between classesTransfer of Natural ResourcesCommercial and Political ColonialismThreat to National Sovereignty / SecurityProf. S P Das

10. Globalization Policy Suggestions of UNDPManage Trade and Capital Flows more carefullyInvest in Poor PeopleFoster Small EnterprisesProperly Manage New TechnologyReduce Poverty and introduce safety netsInfluence GovernanceProf. S P Das

11. Strengths of IndiaSkilled & Cheaper Human ResourcesWide Base / MarketGrowing EntrepreneurshipGrowing Domestic MarketNiche MarketsEconomic LiberalizationCompetitionProf. S P Das

12. Challenges for IndiaBureaucratic policy and proceduresHigh cost of many vital inputsPoor / Inadequate infrastructureTechnological ObsolescenceResistance to changePoor Quality imageLimited R & DLack of experience in managing International BusinessProf. S P Das

13. Entry StrategiesProf. S P Das

14. AssignmentSelect any company of your choice having international business activities. Evaluate the International Business Expansion / Entry Strategy adopted by the selected company. Prof. S P Das

15. Thank youProf. S P Das