International journal of business and management tomorrow vol 2 no 11 the effect of globalization on local industries: a case of mogadishu manufacturers ali yassin sheikh ali, lecturer, faculty of business study, sudan university of science and technology, somalia abdirisak osman nurre awdini, student, faculty of business and accountancy, simad university, somalia hassan dahir mohamud adan.
Impact of globalization on local business essay on the other hand, technology also affects our world to be a globalization because we emphasize to develop and compete between the companies to create a perfect genealogy to response the unlimited need of customers. Secondly, globalization afects not only the small producers, but also the culture and traditions of a country as an example, the loss of local culture and the rise of one corporate culture which only varies only slightly from one country to another. The main quetion is: what are the impacts of globalization on the small business owners, and how can they deal with it first of all, this whole process affects all local businesses by stealing their clients. Impact of globalization on local business essay sample impact of globalization on local business according through the topic, in my opinion, i think that our world and many societies in our world have change from the past times the reasons why our world has changed because of we have technology and money to be part of our life.
Globalization leads to the interdependence between nations, which could cause regional or global instabilities if local economic fluctuations end up impacting a large number of countries relying on them. Impact of globalization on small businesses by: leo sun the following is a classic story, often used by socialists to highlight the evils of a capitalist society - the small town grocer gets mercilessly taken out by the new wal-mart in town.
While globalization is viewed as a way to increase business by firms, it is a risky venter with both positive and negative impact globalization is the act of moving away from distinct national economic units and toward one huge global market. The significance of globalization for small business as indicated by the stock market's response to a feared trade-war between the us and china, nearly every business is affected by global events -- even if the business is located entirely in the us. 5 ways how globalization impacts small businesses and this is even more true when it comes to small businesses these small and local companies that used to be confined to one geographic area now have a larger role to play in the global another impact that globalization has had is the availability of remote staff on other parts of the.
(b) to determine the impact of globalization in the global market (c) to identify the key role of information technology in globalization (d) to examine the impact of globalization in international politics (e) to see if globalization leads to economic depression (f) to trace the impact of globalization on industrialized nations. Conclusions this study investigates the effect of globalization on local industries in selected manufactures the researchers attempt to examine three objectives the first objective of the study is to examine globalization and its effects on local industries of mogadishu manufactures.
Year by year, globalization is taking control over the local economies the main quetion is: what are the impacts of globalization on the small business owners, and how can they deal with it first of all, this whole process affects all local businesses by stealing their clients. This is a well-known anecdote referring to the impact of globalization on small businesses once you start up a new business, you plunge into an ocean populated by a few smaller fish, which compete with you for food, and lots of bigger ones, eager to eat you alive.
The impact of globalization on business is best evidenced by the huge proliferation in cross-border transactions in order to protect yields and maintain competitiveness, businesses are continuing to diversify their footprint as it lowers the beta factor on their investments by spreading risk across a broader market.