International business strategic Assignment Example | Topics and Well Written Essays - 4000 words

International business strategic - Assignment Example One of the most important influences of globalization has been upon technological innovation and the necessity of collaborating resources to gain competitive advantages. The changes in the technological front have facilitated better utilization of resources and overcome the barriers associated with lack of resources. As a result many nations were successful in overcoming their economic weaknesses and produce in a more effective manner. Many consider globalization to be a phenomenon associated with growth and prosperity. Globalization also includes interaction of cultures, social values, political aspects and flow of ideas and information between different nations. The concept of globalization is a debatable aspect. It has impacted different nation in diverse ways. The free flow of capital and resources has facilitated bringing together the developed nations and has integrated them more strongly. Many developing nations displayed a steady rate of growth while many had lost their competitiveness and displayed lagging trends of economic prosperity. There exists a large degree of heterogeneity in the impacts of globalization across nations. In many nations it was observed that globalization led to increasing the gap existing between the rich and the poor nations. Similar factors have also impacted the manner in which multinational enterprises in developed and developing nations function and grow. Developed economy multinational enterprises (DMNEs) are seen to procure greater advantages and grow more rapidly than the emerging economy multinational enterprises (EMNEs). Multinational enterprises keep looking for innovative ways of doing business by procuring new ideas, suppliers, resources and customers. MNEs from developed nations are able to do achieve growth more easily due to their immense financial capabilities. On the other hand multinational organizations in the developing nation are required to struggle more to achieve growth and competitiveness. The current