The Value Of Studying Global Business - Mumbai

A Globalized World
Global business is a direct consequence of globalization. With this evolution comes the need to understand the aspects of global business management. But before we delve into the significance of these two terms, let's take a step back and explore the meaning of globalization. Globalisation in essence is the coming together of the world. It is more formally defined by National Geographic as ''a term used to describe the increasing connectedness and interdependence of world cultures and economies''. Due to the advancements in technology and trade, there is now more accessibility and connectivity than there has ever been before. And as a direct response to globalization, businesses have had to become global as well. And how has this impacted businesses? Let's take a look.
What Is Global Business?
Our world is no longer restricted by physical boundaries. This holds for businesses as well. Businesses no longer exist in isolation. Much like humans, they too have moved beyond the physical boundaries. Global business, therefore, encompasses an exchange (production and selling) of goods or services between countries.

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