Globalization and its Impact on Apple Inc.
Today the world has become a global village where each and every thing is interlinked. The concept of global village or global merger is based on the grounds of globalization. Now the question arises in one's mind what is globalization? Much has been written by the academic writers, analysts and economists on the concept of globalization and its impact on the economies, business, cultures and people. Some of the opponents regard it a way of destroying the cultures and societies while the proponents believe that globalization has increased the economic strength of the countries. But today, the globalization is growing by leaps and bounds.
In our attempt to understand the concept of globalization and its impact on the business world, the following study was conducted to understand this notion on a limited scale. This study attempted to give understanding about the concept of globalization, its advantages and disadvantages on the economies of the world especially on the business world. In order to carry out this study, a multi-national corporation, Apple Inc., was selected. This study focused on the operations of Apple Inc. and the impact of globalization on the company. All the related information was obtained from the secondary data resources.
On the basis of the findings of the study, some of the recommendations were made that can help the company to leverage its market position in the global scenario.
Everyone has its own understanding about this concept. Their definitions and understanding about the concept of globalization differs. The most unified definition of globalization explains that it is a concept in which the different economies of the world amalgamate or unify with each other by reducing the barriers like tariffs of international trade, fee related to export and quotas on the imports. The globalization focuses on maximizing the economic efficiencies of the countries that are related to the wealth, products, services, manufacturing, supply chain, labor etc. by developing and fostering international relations, understanding and competition. It specifies the processes and operations that can be utilized by the economies, cultures and businesses with the help of different modes like communications, supply chain activities, distribution networks etc.
According to Bhagwati (2004) the term globalization is very " closely associated with the term economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, the spread of technology, and military presence'. While Sheila L. (2004) asserted that "globalization is usually recognized as being driven by a combination of economic, technological, socio cultural, political, and biological factors".
It widely impacts the processes of a country...