Sample Essay Globalization of the world economy has come along with a number of challenges.…
Through globalization, the management of many firms must be go along with cooperation on global issues such as environmental challenges which have led to the global warming. They must join in hands with other global bodies/ firm to curb the air pollution and any other pollution and ensure that they run ethical businesses.Through global telecommunications, the firms’ managements have an ease flow of data through the satellites, internet, fiber optic cables and the wireless phones; this makes it ease for firms in the global markets to monitor the globe market environment with ease and can respond to urgent issues fast. Through globalization of the markets, international standards have been set to monitor the quality of products in the market, these include the like of European Good Agricultural Practices (EurepGAP), for the agricultural products and ISO 2000, these standards requires the management to meet them before they can enter the global market.
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