Market Forces When the companies tend to globalize, they become global customers. The small companies are capable of competing all over the globe because of the internet as well as communication technology.īy making use of the internet for the purpose of business exchanges, Business-to-Business (B2B) transaction is providing major savings. Technological Forces With the progress in computers as well as communication technology ideas information can flow across borders. Political Forces There is a trend towards the association and socialization of the global community.īoth North American Free Trade Agreement (NAFTA) and the European Union present major marketing opportunities for the companies.

The five main kinds of drivers that are forcing international firms to the globalization of operations are political, technological, market, cost, and competition (Indian Institute of Material Management, 2012). 5 Major Of Globalization Drivers That Are The company tends to value its customers and thus aims at delivering the products and the services according to the needs and the wants of the customers (Dell, 2012).

Since last 26 years, Dell has been capable of authorizing countries, communities, customers as well as people all over the globe to make use of the technology so that they can realize their dreams. The second concern is related to loss of national autonomy and the countries are finding it highly complex to pursue independent domestic policies (Rangarajan, 2006).ĭell Corporation has been analyzed for the purpose of this study. The first concern is related to the fact that globalization leads to a more immoral dispersion of income among the countries and within the countries. The quick progress in the capital market is because of the globalization.Īlong with the benefits offered by globalization, there are major concerns related to it. This further leads to specialization thereby enhancing the output. The paper tries to analyze the international financial and economic forces, physical and environmental forces, international political and legal forces. You may not submit downloaded papers as your own, that is cheating. The culture of any nation, defining its spiritual uniqueness, expressing its creative power and abilities, simultaneously is a property of all mankind. His wife Mohini, on the other hand, is arrogant and manipulative. 5 Major Of Globalization Drivers That Are.

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