¶ … Globalization on Small Entrepreneurial Businesses in the UK
Ten Positive Effects of Globalization on U.K. Businesses
Globalization has had both positive and negative effects on United Kingdom businesses. The positive effects of globalization have been found in the research in this present study to include the following positive effects of Globalization on UK businesses:
(1) Globalization broadens the access of goods and services enabling consumers and companies the ability to acquire a wider range of goods and services;
(2) Better access to external finance and enhancement of worldwide financial markets;
(3) Increase in international travel and tourism creating more opportunities for entrepreneurial businesses.
(4) Higher trade exposure and FDI inflows result in creation of new business opportunities and increasing entrepreneurial activity. (Colantone and Sleuwaegen, 2007)
(5) Intensified import competition and access to cheaper intermediate goods and wider final product markets due to more openness in trade.
(6) Immigration associated with globalization serves to change both the size and composition of the labor force and expansion in foreign communities results in the creation of a demand for new services and ethnic-specific products, enhancing the creation of new firms.
(7) Globalization "creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world." (McCubbrey, nd)
(8) Globalization "…can lead to...
Globalization on British Entrepreneurial Business This work in writing proposes research focused on examining the effective that globalization has had upon entrepreneurship in Britain. Toward this end, this work will review the literature in this area of study and inquiry. Research questions in this study include the following questions: (1) What effect has globalization had upon British workers? (2) Has the government in Britain responded effectively to the impact of globalization on the
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Globalization on Firms Expansion in Foreign Markets The objective of this paper is to advance knowledge on globalization using empirical evidence to present the impact on the expansion of firms on foreign markets. By drawing support from different kinds of literature, the paper argues that the globalization acts as two-edged swords: Globalization is both beneficial and detrimental to firms with reference to the acquisition of foreign markets. Thus, firms are
The manner in which companies respond to the effects of globalization also depends on the strategies developed and implemented by countries' governments. Globalization influences the national workforce situation, which determines authorities to take action in this direction. The following pages intend to review some of the literature that refers to the influence of globalization on the private environment, on small and medium companies, and on consumers. The review will provide
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