Report on Globalization Effect on Business

        This study has examined the impact of globalization on business. The activities of a company along with economic and the technology development, communication as well as transport, for enterprise impose the need in its struggle for survival, their strategies have to change, from the borders of their country they go out. Keeping the importance of globalization in businesses this research entirely depends upon the globalization effect on the market. The study has carried out a thorough literature review to gain insights and knowledge regarding the research objective. It is analyzed through the literature review that an ergonomic approach toward business is developing in the age of globalization.

        The next section of the research explains the methodology adopted in this research; the study has been conducted through primary as well as the secondary analysis. The literature review is done for the secondary research and questionnaire is made to do the fundamental research. The survey is prepared for five questions and filled by the 25 participants; who were CEO of different companies. The model summary has shown that the value of R square is 0.510. The ANOVA test was applied on the model that explains the sum of squares, a degree of freedom, mean square, a value of F test and the value of significance for both regression and residuals. Finally, it is analyzed that globalization has an impact on the businesses because the gained value of r square is above than 0.5 and adjusted r square is about 0.6. At the end of the research, it is concluded that business globalization is the leading concept during the last decades.

Keywords: Economic Integration, Globalization, Worldwide Market, Business

        In the global world changes, in political reforms, activities ‘ of business along with economic and the technology development, communication as well as transport, for enterprise impose the need in its struggle for survival, their strategies have to change, from the borders of their country they go out. For cheaper resources like a limited market, competitive pressure and demand, as well as the postmodern era, from traditional targets, forcing the business leaders to modify, for a successful business to alternative measures as well as the entrance on the worldwide markets, making competitive advantage with the objective as this topic is fascinating as our research depends on the globalization effect on the business (Katerina & at.al, 2014).

References  of Globalization Effect on Business

Katerina, R., & at.al. (2014). The Impact of Globalization on the Business. Economic analysis.