Global finance Environment
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What are at lest three drivers of globalization? And how do they affect McDonald's financially? What are the risks associated with global investing? What is the importance of cultural sensitivity and ethics in global Finance?
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What are at lest three drivers of globalization? And how do they affect McDonald's financially? What are the risks associated with global investing? What is the importance of cultural sensitivity and ethics in global Finance?
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There are several drivers to globalization. Technology drivers are big drivers in this area. Technology is developed through innovation, and once the technology is put onto the market, it acts as a driver for the globalized market. Other companies then change their processes and begin adapting as they need to in order to either change their processes to adapt to the technology or begin using the technology that has acted as a market driver itself. A perfect example of technology driving globalization is the use of the internet. When we compare with global sales from companies years ago to the volume of sales today due to internet technology, the difference is staggering.
Cost drivers are also drivers of globalization. This has become even more prominent with the increase in outsourcing in recent years. Companies are finding that when they outsource various processes, it acts as a driver. The companies are able to reduce expenses and compete even greater globally. There are both advantages and disadvantages to outsourcing ...
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