Critical Thinking And Understanding Essay

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CRITICAL THINKING AND DISCUSSION QUESTIONS Question 2 “The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms.” Evaluate this statement Answer: Multinational enterprise (MNE) is any business that has productive activities in two or more countries. Based on statement above, we can see that people who work for large multinational enterprise will have greater success compare to the people who work for small firms or mini-multinational enterprise. Actually, I’m disagree with the statement above which there is no relevance for individual who are going to work in small business because we are in the new era which is globalization era. Globalization is the world that moving away from self-contained national economies toward an interdependent and integrated global economic system. In addition,…show more content…
There are many technological change occur such as communications, the Internet and World Wide Web, and transportation technology that connect many nations in the world closer enough. These can lead to create global markets and allow firms to better respond to customer demands. The technological innovations from globalization of production have facilitating the globalization of markets. Lower transportation costs can disperse production to economical, geographically separate locations. Beside that, lower information processing and communication costs can create and manage globally dispersed production system. Other than that, low-cost transportation can help create global market and global communication networks can create a worldwide culture and global market for consumer products. Lastly, there are low cost global communications networks that help create an electronic global
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