Your team attends a trade conference on the subject of globalization. They have attended several seminars both advocating and dismissing implementing a global strategy. You return to the office and share some of what you have learned with the team.
â€œGlobalization is a very interesting topic and can get very heated,â€ you explain. â€œThere are some countries and companies who are fiercely loyal to their homes and would not consider going global. Others see it as a benefit to the company and their customers. Some people here in the states believe that American-made is best because we are contributing to our home country. But, is it? Is it always best to stay domestic? How does this impact pricing? Are you truly helping?â€
As your team ponders these questions, you start to think about your position on the topic. Complete the following:
- Are you for or against globalization?
- Is your recommendation for your company to go global? Why or why not?
- How does globalization impact the marketplace as a whole?
- Has your opinion changed from the beginning to now?