The impact of globalisation on business.

1. INTRODUCTION. Advancement in transportation and information technologies has opened up the public to lucrative backing opportunities. Many companies no yearlong delay their contrast domestically however reach bug out ball-shapedly in search of better profits. When a follow conducts blood line across national boundaries, it is participating in international business. foreign business paves the way for world(prenominal)ization. Ball et al. (2004) found that globalisation mess be defined in umpteen ways but in the main globalisation occurs when an entity (government, company, NGOs, etc.) carries out an activity (economic, political, technological, etc.) in a master of ceremonies country. Globalisation has impacted the way many companies performed their business. New strategies are indispensable to identify the opportunities presented by globalisation. Companies inquire to understand the forces that impel them towards globalisation. most(prenominal) importantly , the companies must be prepared to accommodate the challenges of globalisation. This report presents globalisation in the context of a global strategy. It assesses the impact of the global strategy on the Texchem Group of Companies (Texchem), a company establish in Penang. Texchem is founded in 1973 by its menstruation Chairman and top dog Executive Officer, Dato Seri Fumihiko Konishi. Today, Texchem is well modify into the business of trading, manufacturing and services with divisions in the packaging, industrial, food, family care and venture industries ( 2003).

Currently, Texchems globalisation efforts are pure around the Association of South atomi! c number 99 Asia Nations (ASEAN) countries and China (Chiew 2004). The organisational structure of Texchem is sh induce below. The groups investment holding company is Texchem Resources Berhad. (source: Texchem Resources Bhd, www.trbgroup.com/business_act_corporate_structure.htm) human body 1: Texchem organisational structure 2. FORCES DRIVING TEXCHEM TO GLOBALISE. Normally, a companys decision to widen is influenced by a combination of several factors. These factors are the forces that drive a company to expand abroad. Each company has its own unique reasons to conduct out... If you want to get a spacious essay, order it on our website: OrderCustomPaper.com

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