Question

The spread of globalization has many advantages for businesses as well as some disadvantages. Define and explain one of the advantages and one of the disadvantages to globalization from the business perspective. Round out your essay by explaining one aspect of globalization that benefits business but may be a detriment to workers.

Answer 1

One advantage of globalisation for businesses is Technology Sharing

Whilst one disadvantage of globalization is Loss of local jobs.

Step-by-step explanation:

Technology Sharing: Because companies need to collaborate accross vast geographical locations, in order to collaborate effectively, they must leverage off the same technology platforms an example of a global company that has presence in multiple nations is Dell. Another one is Microsoft.

In any country where they are located, they'd have to sync with the Head Quarters and to do so securely and effectively would mean they have to deploy same tech being used at HQ at the avarious operational locations accross the globe.

Loss of local jobs: A Job created by a company in it's nation of origin is refered to as a local job.

When these companies, due to the need to create a presence in other countries, hire to fill up roles for vacacies created in such countries, it is said that local jobs have been lost.

So for the people belonging in the State of Origin for such a company, the new jobs created and filled in a distant locality is considered lost.

Cheers

Answer 2

Answer: See explanation

Step-by-step explanation:

Globalization, refers to the process of interaction that takes place among individuals, firms and the government. It is the process through which businesses develop international influence.

An advantage of globalization to businesses is that it helps in the enhancement of productivity and increased flow of capital.

A disadvantage of globalization is the lack of local businesses. Globalization typically favors the companies that possess the resources and financial power and this in turn can affect local businesses as they feel left out.