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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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Authors
Dr. K.M. Chinnadorai
Downlaod Center
Keywords
Globalization, global business trends, innovation
Abstract
In the recent days global business plays a vital role. It takes place between two or more regions, countries and nations beyond their political boundary. This helps a lot for the government to carry on its work successfully. This will enhance free flow of labor, capital, and there will be increase in profit for the organization. It also enhances the flow of technology from one country to another country; this will help in further production of a country and also to plan its resources accordingly to cater to the needs of its customers. It all vests with the managers of international business to carry out the business very smoothly as it leads to trade agreements among various countries, and to maintain high ethical standards and to develop compliance protocols for import and export operations. This global business is a remedial measure or a tool which removes a barrier between national borders in order to facilitate the flow of goods, capital etc. Globalization is a new phenomenon. It began towards the end of nineteenth century, but it slowed down during the period from the start of the First World War until the third quarter of the twentieth century. This slowdown can be attributed to the inward-looking policies pursued by a number of countries in order to protect their respective industries... however, the pace of globalization picked up rapidly during the fourth quarter of the twentieth century. Survival in the new global business market calls for improved productivity and increased competition. Due to the market becoming worldwide, companies in various industries have to upgrade their products and use technology skillfully in order to face increased competition. This paper stresses about the global business and its recent trends, challenges of global business and ways to overcome challenges and threats to global business etc.
IJCRT's Publication Details
Unique Identification Number - IJCRT2208445
Paper ID - 224734
Author type - Indian Author
Page Number(s) - d700-d705
Pubished in - Volume 10 | Issue 8 | August 2022
DOI (Digital Object Identifier) -
No Of Downloads - 151
Author Country - India, 641 035, Coimbatore, Coimbatore, 641 035, Commerce All
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
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Dr. K.M. Chinnadorai, "EMERGING AND INNOVATIVE TRENDS IN GLOBAL BUSINESS", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.10, Issue 8, pp.d700-d705, August 2022, Available at :http://www.ijcrt.org/papers/IJCRT2208445.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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