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Globalization Of Production

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Globalization of Production When a firm start to product its products worldwide, that firm starts to be global firm. Then, its product will be global, too. They are first steps of globalization of production. We will study globalization of production on this essay. And, we will answer following questions. Why a firm do export and import, why a firm product its products in a different country and what are advantages of these ? Firstly, export and import. Exporting is concerned with the selling of domestic goods in another country. Importing is concerned with purchasing goods made in another country. They are basis of globalization of production. Therefore, if a firm will be a …show more content…

This is the fifth dimension that Hofstede added in the 1990s, after finding that Asian countries with a strong link to Confucian philosophy acted differently from Western cultures. In countries with a high LTO score, delivering on social obligations and avoiding "loss of face" are considered very important these countries show a gap between men 's values and women 's values. Quality of a company is not only estimated on the profit or the other financial results. Companies have responsibilities to do so that the consumers are also happy too. Corporate social responsibility is a business activity that attempts on benefiting the society. Because that the consumer awareness is growing everyday this makes them think more then not only the financial but the responsibilities they take. The consumers look on what the company is doing with the money they get and other responsibilities. There are different types of corporate social responsibilities one of them is the bribery and the corruption. Companies should fight this so that there can be peace between firms and there is a fair trade going on as we know in all parts of the world bribery and corruption is occurring especially on poor countries. Mostly in the cost countries in Africa have this and the products can easily be imported or exported without paying so much …show more content…

As we know mostly in industrial areas all the dirt or the waste is thrown in the see. This should stop the companies could be more clean and use more recycling materials and produce recycling products too. Any step that a company can take would be a benefit for both the company and the society as a whole thing. This can be easily started by little littering or the use of the energy resource. Businesses also practice social responsibility by donating to national and local charities so this brings up another responsibility is the philanthropy in other words helping the disadvantaged ones or the charities for fair trade and other things. The consumers will really appreciate

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