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Issues Involved in the Globalization Process

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What are the costs involved in the globalization process? What are the major issues? What companies seem to promote corporate responsibility in all aspects of their business?

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Solution Summary

This is an explanation that looks at how the globalization process may appear very attractive to some organizations that are seeking to cut costs. However, such processes may come with certain major issues that must be researched and addressed.

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Companies choose to globalize for various reasons. These reasons may include cost cutting, increased branding, increasing revenue, etc...The most common reason for globalizing is cost cutting. The costs involved include relocating employees, logistics, equipment, materials, renting or building a facility, maintaining a facility (utilities, etc...), training, import, export, and government ...

Solution provided by:
Carmel Philistin, MBA/HCM
Education
  • BA, Brooklyn College
  • MBA/HCM, Phoenix University
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