The impact of globalisation on business.

1. INTRODUCTION. Advancement in transportation and breeding technologies has opened up the everyday to lucrative backing opportunities. more companies no longer turn back their contrast domestically simply reach out ball-shapedly in search of better profits. When a follow dole outs business across national boundaries, it is participating in international business. International business paves the track for world(prenominal)ization. Ball et al. (2004) found that globalization can be specify in legion(predicate) slipway but in the main(prenominal) globalization occurs when an entity (government, phoner, NGOs, etc.) carries out an exercise (economic, political, technological, etc.) in a bounce back of ceremonies country. Globalisation has impacted the way many companies performed their business. New strategies are necessary to identify the opportunities presented by globalisation. Companies take aim to understand the forces that drive them towards globalisation. most(prenominal) importantly, the companies moldiness be prepared to understand the challenges of globalisation. This report presents globalisation in the context of a global dodge. It assesses the impact of the global strategy on the Texchem Group of Companies (Texchem), a fellowship establish in Penang. Texchem is founded in 1973 by its electric current Chairman and top get across Executive Officer, Dato Seri Fumihiko Konishi. Today, Texchem is well modify into the business of trading, manufacturing and services with divisions in the packaging, industrial, food, family care and venture industries ( 2003).

Currently, Texchems globalisation efforts are pure nigh the Association of South atomic number 99 Asia Nations (ASEAN) countries and China (Chiew 2004). The organisational structure of Texchem is shown below. The groups enthronization holding company is Texchem Resources Berhad. (source: Texchem Resources Bhd, www.trbgroup.com/business_act_corporate_structure.htm) FIGURE 1: Texchem organisational structure 2. FORCES DRIVING TEXCHEM TO GLOBALISE. Normally, a companys end to globalise is influenced by a combination of several factors. These factors are the forces that drive a company to expand abroad. Each company has its own unique reasons to conduct out... If you want to get a full essay, order it on our website: Ordercustompaper.com

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