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Globalization - Coggle Diagram
Globalization
Disadvantages
Dealing with Rules Everywhere in the World
Not Having Full Control Everywhere
Needing to Learn About Every Market
consumer behaviors
cultural intricacies
increased competition
Losing Jobs
Big Companies Getting Too Powerful
Environmental Concerns
carbon emissions
global air pollution
ozone layer depletion
Advantages
Access to New market
New Custormers
Economies of scale
lower production costs
increased profitability
More resources (technology or labor )
diversify company market
prevent unexpected events
Spread of Knowledge and Technology
enhances international competition
New technologies
learn about different cultures, ideas, and perspectives.
Enhances Global Cooperation
Increased Cross-Border Investment