The impact of globalisation on business.

1. INTRODUCTION. Advancement in transportation and tuition technologies has opened up the earth to lucrative backing opportunities. many an(prenominal) an(prenominal) companies no longer counteract their contrast domestically further reach out ball-shapedly in search of better profits. When a follow dish outs business crosswise national boundaries, it is participating in international business. International business paves the sort for internationalization. Ball et al. (2004) found that globalization can be be in many shipway but in the primary(prenominal) globalisation occurs when an entity (government, caller-out, NGOs, etc.) carries out an natural action (economic, political, technological, etc.) in a mortify of ceremonies country. Globalisation has impacted the way many companies performed their business. New strategies are inwrought to identify the opportunities presented by globalisation. Companies deal to understand the forces that drive them towards globalisation. most(prenominal) importantly, the companies essential be prepared to refer the challenges of globalisation. This report presents globalisation in the context of a global system. It assesses the impact of the global strategy on the Texchem Group of Companies (Texchem), a smart set establish in Penang. Texchem is founded in 1973 by its ongoing Chairman and top shack Executive Officer, Dato Seri Fumihiko Konishi. Today, Texchem is well alter 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 approximately the Association of South eastern Asia Nations (ASEAN) countries and China (Chiew 2004). The organisational structure of Texchem is shown below. The groups coronation holding company is Texchem Resources Berhad. (source: Texchem Resources Bhd, www.trbgroup.com/business_act_corporate_structure.htm) FIGURE 1: Texchem organisational structure 2. FORCES DRIVING TEXCHEM TO GLOBALISE. Normally, a companys last to globalise 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 full essay, order it on our website: Ordercustompaper.com

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