Globalization

When companies collaborate, they learn new skills, technics, strategies, etc. from each other.

When companies collaborate, they learn new skills, technics, strategies, etc. from each other.For example the collaboration of Apple and MasterCard. when Apple released the Apple pay app, it allowed people to store their credit or debit card data on their phone, so they could use them without physically having the card. But for this app to work they needed credit card companies to intergrade with this technology. Which then later MasterCard became the first credit card company to allow its users to store their credit and debit cards on Apple Pay.

As globalization becomes more prevalent, companies deal with increased cultural diversity within the workforce. This increased cultural diversity also has produced many benefits as companies gain new insights into different cultures from a management and a marketing standpoint.

Middle East and North Africa empowerment of civil society networks that were developed through the availability of technology, have afforded the possibility to overcome political and geographical boundaries resulting in international support for democracy, health, environment and development issues.

Developed countries are outsourcing the materials needed for their company by using imported materials from underdeveloped countries. Companies outsource to countries because the cost of manufacturing and wages are lower. China and India are the most popular countries that companies outsource to.

Globalization has lead to labor in the workplace. Basic safety standards such as taking regular breaks, wearing protective equipment and many more are ignored to produce cheap goods. Employers do this to increase the rate at which goods are being produces and to put any money towards producing the goods, rather than keeping the workers safe.

On April 24, 2013, a garment company in Bangladesh, Rana Plaza, collapsed killing more than a thousand people and injuring many more. The collapse happened because the employers did not put any money towards safety precautions, but rather towards the goods that were being produced.

globalization has led to an increase in the consumption of products, which has impacted the ecological cycle. increased consumption leads to an increase in the production of goods, which in turn puts stress on the environment.

For example, in 2007, the U.K.-based supermarket chain Tesco decided to ban rose imports from Kenya in a bid to save on emissions. But research revealed that the Dutch roses it relied on instead generated six times as much in the way of greenhouse gases, largely because they were literally grown in greenhouses.