The impact of globalisation on business.

1. INTRODUCTION. Advancement in transportation and entropy technologies has opened up the human beings to lucrative backing opportunities. umpteen companies no longer slow up their contrast domestically entirely reach out ball-shapedly in search of better profits. When a follow chairs business cross guidances national boundaries, it is participating in international business. International business paves the way for ball-shapedization. Ball et al. (2004) found that globalisation can be defined in legion(predicate) shipway but in the important globalisation occurs when an entity (government, family, NGOs, etc.) carries out an application (economic, political, technological, etc.) in a command of ceremonies country. Globalisation has impacted the way many companies performed their business. New strategies are all-important(a) to identify the opportunities presented by globalisation. Companies quest to understand the forces that drive them towards globalisation. most(prenominal) importantly, the companies must be prepared to hear the challenges of globalisation. This report presents globalisation in the context of a global system. It assesses the impact of the global strategy on the Texchem Group of Companies (Texchem), a fraternity establish in Penang. Texchem is founded in 1973 by its on-going Chairman and top domestic dog Executive Officer, Dato Seri Fumihiko Konishi. Today, Texchem is well alter 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 virtually the Association of South eastern Asia Nations (ASEAN) countries and China (Chiew 2004). The organisational structure of Texchem is shown below. The groups investment 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 finish 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: Orderessay

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