Global Business Opportunities

Global Business Opportunities

1. Reasons for more international opportunities

   • Reduction in trade barriers
   • ICT
   • Improved transportation/GPS
   • Increased wealth - emerging markets

2. Opportunities

   • Sell/export
   • Import supplies
   • Manufacture overseas
   • Companies most able to prosper
     • High Technology
     • B2B
     • Service sector

3. Threats

   • More foreign competition in UK
   • More competition globally
   • Growth of MNCs
     • LEDCs depend on MNCs for work
       • Low wages
     • Profits instead of responsible behaviour
     • Profits to MNCs not communities
     • Spread knowledge and technology
     • Often do community causes
     • Have resources to invest & create jobs

4. Impacts

   • Increased competition
   • Pressure to be big and global
   • Development of 'glocal' brands e.g. McDonalds
     • Glocal - global/local
   • Having to split resources over many markets

5. Globalization - growing inter-dependance between nations and markets - what happens in one country affects us