You will discover differing perceptions on ‘Globalisation' and the ‘International model'. Recently during an event, I noticed organisations using the two of these words substituted. That is a large faux pas in my opinion.
The idea of this post is to highlight the fact that globalisation as well as the international versions are two different principles of modern day business. The corporate world is changing at a rate that would have been unthinkable in the past, as a result of technological advancements. So let's understand the actual differences from a corporate perspective in terms of the reach and presence.
An international version refers to a business conducting organization and being proudly located in different countries. Most international companies build or get subsidiaries that produce and market their products and services in other countries. They will refer to themselves as " a global company"; however I'm skeptical about their claim. Going global does not mean just working abroad or perhaps acquiring an overseas company.
Globalisation in simple terms means the ability of your organisation to spread and replicate itself to just about any corner of the world. There is a prevalent culture, benefit set and process that knits all of the units of the business collectively into one enterprise. In a accurate global organization, there is tranquility between the distinct units of the company, despite the differences in local cultures and values. People, resources and technologies operate seamlessly around different countries, so that the firm enjoys the most competitive benefits. In a global model, firms seek to incorporate expansion in a worldwide technique and maximise performance through effective showing and the use.
In spite of its ground-breaking potential, the term globalisation is a rather misinterpreted word at present.
Globalisation is an effective method of removing internal boundaries and creating synergies for the entire enterprise on a bigger scale, where as the foreign model is a...