2. Globalization
0 Making the world a
single market
0 Free markets
0 Import Tariffs, quotas
and embargos
elimination
0 Allowing companies to
produce and sell
worldwide
11. 0 Founded in 1931, Japan
0 Produces in 24 countries
0 114 Facilities including
raw material plants
₊ Japanese Vehicles
Imports to US and EU
₊ R&D and Problem
solving
13. 0 Founded in 1888 by George Eastman
0 Filed for Bankruptcy in 2012
0 Declared over 100,000 Creditors
0 Bad Management
0 Competitive Decline into the Digital
Image Revolution
0 Late entry in markets
The Idea of Globalization is to turn the world into a single free market!
The consumer will have more choice of products from imports
Free markets are political agreements between Nations removing import tariffs, import limits and embargos
Companies will benefit by infiltrating foreign markets to produce and sell internationally
The age of globalization is nowadays we are living is possible with the following factors
Improvements in transportation
Faster means of transport
Free markets and bloc agreement creation
WTO: World Trade Organization & European Union
NAFTA: North American Free Trade Agreement
Advancements in technology mainly in communications
Education which
With globalization countries benefit from
Increase in international Trade
Improved demographics such as Education
Countries’ Gross Domestic Products improved with more products and jobs created
Higher quality products
City development, citizens from rural areas move to cities for better living
Some countries that improved with the involvement of globalization
Brazil: Cotton exports to US
India: Various industrial sectors being employed in India
South Korea (KIA & Samsung) & Taiwan (ACER) being Big exports of computer technology and Automotive
Vietnam: Large corporations opened their production plants such as Nike.
Some large companies and corporations that are currently present and assisted further by globalization
A company successful with Globalization is Bridgestona
Founded in Japan in 1931 producing tires locally
Currently Bridgestone operates in 24 different countries scattered globally
Operates 114 facilities including raw material plants
Owns the US tire Maker Firestone
With globalization occuring, vehicle imports from Japan to the US and EU were equipped with Bridgestone tires which
Built a good reputation.
Great competitive advantage in R&D and Problem Solving issues
Bridgestone’s current market share internationally
Kodak was founded in 1888 by George Eastman and filed for bankruptcy in 2012 more than a century in operation
Kodak had over 100,000 of Creditors
What are the possible side effects of globalization !?
Local businesses disruption due to the involvement of foreign companies
As the first image clearly shows economy goes one way and the environment goes another
With more foreign investments being carried on more rural areas and green areas are being taken over