UNIT 3
C. Blogging
Directions: Using a ladder web, make a blog the positive effects of globalization from global corporation. Submit your work in the pigeon boxes which are provided in your department/college or publish your blog on a webpage and turn in the link to the Google class on or before the date as reflected on your study schedule.
Globalization has been a major development in the early 21st century, as companies are taking advantage of opportunities to grow beyond domestic borders. Despite challenges, including transportation and logistics, supplier costs, variable marketing strategies and cultural uncertainty.
Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale.
More simply, globalization refers to an open flow of information, technology, and goods among countries and consumers. This openness occurs through various relationships, from business, geopolitics, and technology to travel, culture, and media.
"POSITIVE EFFECT OF GLOBALIZATION FROM GLOBAL CORPORATION"
Globalization results in a more efficient allocation of resources across countries and generates important welfare effects, including higher productivity and efficiency, increased average incomes and wages, greater competition, lower prices and increased product variety and quality. At the same time, the process of globalisation also raises concerns in many countries, and needs to be well managed to ensure its benefits are widely distributed.
Resource allocation involves balancing competing needs and priorities and determining the most effective course of action in order to maximize the effective use of limited resources and gain the best return on investment.
Pricing sends an important message to customers.
A low price allows companies to gain market share by attracting new customers who spread the word about the offering and enticing customers away from competitors. The goal is to rapidly penetrate the market.
Pricing is important since it defines the value that your product are worth for you to make and for your customers to use. It is the tangible price point to let customers know whether it is worth their time and investment.
A business pricing strategy can be make or break when it comes to keeping your customers satisfied. Intuitively, higher prices presumably make customers less satisfied.
In addition, according to the economic effects of price discounts, a price discount provides a monetary gain, an incentive to encourage consumers to purchase the product. Consumers perceive a higher level of savings for a product when a higher price discount is provided. The perceived savings concept has been used as the most common variable to measure the response to a price promotion.
Through the positive effect of globalization from corporation which it creates more employment worldwide.
I believe that the increased flows of goods, capital and production across international borders, has had a significant impact on global employment. This impact has been resoundingly positive.
Globalization is clearly contributing to increased integration of labor markets.
The process of globalization refers to the merging of national economies on an international level. This has resulted in a change of the labor culture in countries. The positive effects of globalization on workers can be observed through increased standards of living in countries. Additionally, workers from specific areas can travel and pursue better employment in other countries. Globalization has also increased the social awareness of workers and has boosted their professional aspirations.
Moreover, The globalization of economies has contributed to the development of international businesses. The demand for goods exercised by people has gradually increased and companies have expanded their production to other states. This has increased incomes and raised standards of living globally because employment around the world is increasing. For example, due to commercial interest from other countries and international corporations, China has succeeded in boosting the income of the middle class population in its country. The Asian state has managed to increase employment and payments by favoring the establishment of production sites for foreign companies.
There's no denying that the world is becoming increasingly globalized. Companies are expanding to new international markets and hiring an increasingly diverse labor force every day. The impact of globalization on the management of the human resource industry might just be the most challenging aspect of globalization
Therefore, more employment worldwide in globalization from corporation play a vital role to create more jobs. With the expansion of markets comes increased business performance. This leads to the creation of new jobs, as the businesses need more personnel to support growing operations.
Productivity is essentially the efficiency in which a company or economy can transform resources into goods, potentially creating more from less. Increased productivity means greater output from the same amount of input. This is a value-added process that can effectively raise living standards through decreasing the required monetary investment in everyday necessities (and luxuries), making consumers wealthier (in a relative sense) and businesses more profitable.
From a broader perspective, increased productivity increases the power of an economy through driving economic growth and satisfying more human needs with the same resources.
Furthermore, Higher product output can leads to economic growth where the increase in the production of goods and services from one period to the next. As such, the value of these goods and services increases, resulting in larger corporate profits. It has a snowball effect, which often leads to higher stock prices and a rise in employment. Companies have more capital to invest in new ventures and consumers are able to spend more.
Moreover, With higher product output and positive economic growth, firms tend to employ more workers creating more employment.
Indeed, Attainment of higher productivity is one of the main aims of any business enterprise. Higher productivity ensures lesser cost of production, higher production and most effective utilisation of available resources. The concept of productivity is gaining immense popularity among producers, employees, and consumers.
In conclusion, The positive effect of globalization from global corporation are;
Better allocation of resources, Lower prices of products, More employment worldwide and lastly Higher product output. These positive effect have a huge impact in our society most specially in our economic growth.
SUMMITED BY: CHRISTINE I. YABO
CLASS SCHEDULE: GE-CW (T-TH) 1:00-2:30 pm
SUMMITED TO: PROF MARICEL ADRIATICO
